“Japan’s Nikkei share average fell in choppy trade on Tuesday morning with investors skittish in the face of volatile oil prices and the Fed’s momentous interest rate hike decision expected this week,” Ayai Tomisawa reports for Reuters.
“Apple Inc’s component suppliers slid after Morgan Stanley forecast a drop in iPhone sales in the next fiscal year. TDK Corp tumbled 3.9 percent, Murata Manufacturing Co dropped 2.3 percent and Nitto Denko Corp fell 2.8 percent,” Tomisawa reports. “The Nikkei dropped 0.8 percent to 18,737.27 in midmorning trade after briefly flirting with positive territory.”
Tomisawa reports, “The broader Topix dropped 0.7 percent to 1,516.96 and the JPX-Nikkei Index 400 declined 0.8 percent to 13,641.04.”
Read more in the full article here.
MacDailyNews Take: Witness the action caused by year-end actionable notes.
SEE ALSO:
Some analysts see Apple iPhone sales seen turning negative in 2016 – December 14, 2015
Cramer: Apple shares may not have momentum but they’re cheap – December 14, 2015
Morgan Stanley slashes Apple price target by 12%; shares fall in pre-market trading – December 14, 2015
Apple stock slides on Credit Suisse claims of iPhone component order cuts, weak iPhone 6s demand – December 2, 2015
UBS analyst’s latest ‘research’ note on Apple is just another ‘actionable’ note and should be totally ignored – November 16, 2015
Apple shares continue to get slammed on commission/bonus related ‘actionable research’ – November 10, 2015
Apple lower after Credit Suisse notes substantial supply-chain cuts – November 10, 2015
Typical self fulfilling prophecy by the “financials”
1) predict iPhone sales decline
2) suppliers downsize in fear
3) component supply becomes limited
4) iPhone sales decline
i think you left out a couple:
5) apple stock value declines
6) financials buy up more stock at low prices
7) prophecy’s by financials turn out to be baloney
8) apple stock value rebounds
9) financials make more money
10) rinse and repeat
Dr. Sparremachinery, and you left out the
8.5) Financials sell off to suckers
then your 9) Financials make more money.
This method to add to the GDP is bad for the economy especially when US manufacturing continues to decline precipitously and it matters not that the US has foreign corporations manufacture stuff over seas whose fundamental benefits are a fantasy.
Can Apple sue Morgan Stanley for defamation? Especially when the “prediction” will be false?
FSCK -U Morgan Stanley. It’s time to wreck YOUR reputation, permanently.