Apple Stock News iPhone sales are expected to decline in the coming quarter for the first time since the phone was introduced in 2007. This past quarter, iPhone sales barely increased leading analysts to ask Apple CEO, Tim Cook, if he planned on lowering the price during the earnings call. A question to which Cook replied “We don’t design to a certain price point. We design a great product and we make it priced at a great value.” Barclays’ analyst Mark Moskowitz explained the he thinks lowering prices is a bad idea, given the strength of the iPhone franchise and the expected release of the iPhone 7. Furthermore, he said that lowering ...
The saga of the gas giant Aubrey McClendon’s built, Chesapeake Energy, enters its endgame, when moments ago following a Debtwire report that the company has hired Kirkland and Ellis as its restructuring/bankruptcy attorney – typically a step taken just weeks ahead of a formal Chapter 11 filing – the stock has plunged 22% to $2.40, the lowest price in the 21st century, and for all intents and purposes, ever. In a few weeks we will see just how many banks were properly “provisioned” for this now imminent bankruptcy that may just unleash the default wave so many have been waiting for....
How Payoff is shifting the conversation about consumer debt to financial wellness (Tradestreaming): Payoff seems to be genuinely interested in helping its clients find their way out of debt and start saving. Pretty weird for a company that extends credit. Banks should take fintech seriously, not panic, but make a gameplan (McKinsey): A new McKinsey report hit the wires this week – it’s a sanguine analysis meant for finance professionals. “Specifically, this means that banks should be less preoccupied with individual fintech attackers and more focused on what these attackers represent—and build or buy the capabilities that matter f...
“We should all fear Oilmageddon!” That’s the word from CitiBank, who are SUPPOSED to be the voice of reason in these markets. When Banksters tell us to get out of something – it’s usually time to get in and, this morning, I put out a Trade Alert to our Members (and tweeted here) to take a long on Oil Futures(/CL) at the $30 line (with tight stops below) as well as lines on various indexes I detailed in the Alert. Of course, we warned you last week that the market would likely turn back down and I detailed our hedges on the Ultra-Short S&P ETF (SDS) at $22.50 and I mentioned we were long on Gold (/YG...
Gold prices ended the week up nearly 5% to settle at $1173.19 an ounce, the highest level since October 28. The recent turbulence in global equity markets and lackluster demand for the greenback drove strong gains for gold last week as investors sought safe haven assets. Friday’s data from the Commodity Futures Trading Commission (CFTC) showed that speculative traders on the Chicago Mercantile Exchange increased their net-long positions in gold to 72822 contracts, from 59040 a week earlier. Although the latest batch of soft U.S. data raised concerns about the strength of the economy, Friday’s non-farm payrolls report suggests that...
Monday, February 8 Wednesday, February 10 Thursday, February 11 Yelp, Inc. (YELP) Information Technology – Internet Software & Services | Reports February 8, after the close. The Estimize consensus is calling for EPS of -$0.04 and revenue of $152.54 million, right in line with Wall Street estimates. Compared with Q4 2014 this represents a projected a YoY decline in EPS of 156% while revenue is expected to grow 39%. The Estimize community is bearish on Yelp’s profitability, cutting EPS estimates 78% since Yelp last reported. What to Watch: Yelp is plagued with many problems which have weighed heavily on the company’s profitabilit...
Today’s Economic events Japan current account 1.64Tn. vs. 1.59Tn Japan Bank ending y/y 2.30% vs. 2.20% previously Japan average cash earnings y/y 0.10% vs. 0.70% Australia ANZ job advertisements m/m 1.0% vs. -0.10% previously Japan economy watchers sentiment 46.6 vs. 48.5 Eurozone Sentix investor confidence 6.0 vs. 7.2 Coming up US Labor market conditions index Following Friday’s jobs report, the markets remained undecided with the US equities falling to rally despite the US Dollar managing to recover from the last week’s strong sell-off. The Asian markets opened today with the Nikkei225 closing with 1.10% gains while the Shangh...
The Canadian dollar made quite an amazing turnaround, with a move worth over 1000 pips. Also the pound is a bit wild. What’s next? The team at CIBC examines: Here is their view, courtesy of eFXnews: Loonie’s Change in Flight Path Too Dramatic. It’s been a wild start to the year for the C$. Having fallen below 70 cents US, it’s now recovered all of that ground even though oil prices are still lower than they were at the start of the year and markets are pricing in a greater probability of a BoC cut. So what’s changed? Largely increased concern about the US economy that has seen markets completely price out another Fed hike this yea...
Bloomberg News recently made an astounding proclamation in a news release , by nothing less than postulating a return to a gold standard. Let me repeat. Bloomberg, a part of the mainstream media propaganda machine which often bashes all things related to gold (including the gold standard), is now advocating a return to a gold standard. However, a major caveat must be attached to this astonishing revelation. This media tentacle was not advocating that we abandon our fraudulent, fiat currency Ponzi-scheme and return to a gold standard at the global level. Rather, it was only advocating a quasi-gold standard, domestically, and in just one ...