“The S&P 500 was little changed on Tuesday as the Federal Reserve presidents began the first of a two-day meeting while a hedge fund’s investment in Apple lifted the Nasdaq,” Andrea Tse reports for TheStreet.
“The S&P 500 rose 0.04% to 1,685.96 while the Dow Jones Industrial Average slipped 0.01% to 15,520.59. The Nasdaq added 0.48% to 3,616.47,” Tse reports. “Apple tacked on 1.2% to close at $453.32 as David Einhorn of Greenlight Capital Management revealed that his hedge fund continues to hold an over $1 billion stake in Apple as it braces for the prospect of a global market correction.”
Tse reports, “Meanwhile, Apple CEO Tim Cook was spotted in China recently, his third such trip to the Far East, as he attempts to restart sluggish revenue in what many believe will be the iPad maker’s most important market.”
Read more in the full article here.
Stockholders are gonna be happy campers this Christmas when the 5C does it’s thing.
I don’t worry about Apple, but they should’nt rely too much on the China market. It will collapse soon.
I’m no economist, but I can’t see China growing forever. I mean at some point it seems like if you have too high of a population it could collapse the economy, and this would seem true of any country I suppose.
If you expand the concept you’ll realize that it can apply to any living thing, something a guy called Malthus came up with a long time ago.
The human population was pretty stable until the industrial revolution. Now it’s on this crazy expansion. While the species has the technology to control it’s reproductive rates, it certainly it lacking something to put them into practice.
One way or another there will be a population crash, either they will do it to themselves, or it will be done to them.
The old tales said. What goes up must come down.
Lots of money on the sidelines. My guess is that AAPL may be due for a bounce beyond the 10 per-cent we’ve already seen.
Apple will probably have to sell an awful lot of iPhones for that to happen. I don’t think the company is going to get any free passes like some other popular stocks.
This time next year 700-1k
a bold prediction!…perhaps if Apple has relocated to Ireland.
Hmm iPhone name 5c and Cook visiting China… MDN thinks “c” stands for ‘color’, others ‘cheap’. Is it possible the ‘c’ stands for China?
Could it be this iPhone will meet the Chinese telcom holdouts? Just thinking out loud.
Perhaps “c” stands for cents… 5 cents with a two-year contract 🙂
Looking at the charts, I’m seeing an inverted funny bone followed by moon geysers. The sequence is very promising.
Very interesting. If you turn the chart sideways it looks like the number 7 is there. This could signify the stock will bounce back to 700.