“U.S. stocks twisted mostly higher on Monday, with energy and technology shares rallying as Wall Street anticipated quarterly results from Netflix Inc. and Apple Inc.,” Kate Gibson reports for MarketWatch.
“The S&P 500 index rose 3.29 points to 1,558.54, with energy and technology in the lead among its 10 major sectors, and industrials the weakest performers,” Gibson reports. “Netflix Inc. shares surged 6.9% ahead of the online-video provider’s first-quarter results after the market close, while Apple climbed 1.5% ahead of its quarterly release on Tuesday. ‘A lot will hinge on what Apple does tomorrow,’ said Marc Chaikin, CEO at Chaikin Analytics LLC. ‘Tim Cook has a chance to pull a rabbit out of a hat by taking cash on the company’s balance sheet to buyback stock and increase Apple’s dividend,’ Chaikin said of the consumer technology company’s chief executive officer.”
Gibson reports, “The Nasdaq Composite rose 17 points, or 0.5%, to 3,223… U.S. equities are coming off their worst weekly performance in months, with sentiment weakened by mixed earnings results and further signs of slowing U.S. and global growth. ‘As the housing market has been a lynch pin of this bull market, it’s another data point investors use to take profits. But I don’t think it’s fatal for the rally,” Chaikin said of data from the National Association of Realtors, which reported sales of previously owned homes fell 0.6% in March.'”
Read more in the full article here.
Waiting to pretend surprised at expected result ?
Give it a break already. Apple has no obligation to give away its hard earned flexibility by increasing its dividend or proposed stock buy back amounts. As a shareholder, I firmly oppose using Apple’s overseas cash hoard as collateral to borrow cash in the U.S. to pay off Wall Street hedge fund managers, or others trying so hard to rip off the company’s resources.
AAPL down 250 billion during the time TC has been CEO…heckuva job Timmy heckuva job!!
Apple cash balance has grown from $51B at the time of Steve’s death to $137B now. Heckuva job, Timmy, heckuv a job!
Actually, you are wrong. AAPL went up a lot under Cook as CEO before the recent drop. Net, it is still up. Try again, troll.