Markets are following a typical bull pattern by starting RED and getting into green quickly despite futures & bad ER.....
Nasdaq is UP 1.75%..strongest of all indices.....
VIX @ 36.30......
Gold UP $4.90
Oil Down 30 cent
Canadian $ is UP 9 tick against US$....LEI weaker than expected.
In my portfolio:
Bought TLM...a Mid size Canadian Oil exploration & producer....
Portfolio is GNK,IPI,WEN,TLM.....
Most stocks are UP......
AAPL reports AH...cautionary note by Mike Abramsky of RBC..saying Macs are NOT selling well......
As we are hitting PEAK earning season by Thursday with AMZN report...I have decided to be completely out of Tech.....In the past by mid earning report...it was the peak of market for several weeks...do not mind missing if there is more juice left in techs.....better to book profit than fight for the last $.....
I also feels that there is "too much enthusiasm for markets right NOW...a sure sign of contrary opinion by me"
It IS all about my "comfort level"...
Being a Taurus....it lets me change approach quickly...Right or Wrong ????
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
GE reversing heading higher from quick dip. Yeah baby!
BDI 1869 showing strength.
GNK will move higher with market.
TSM fading with tech, should have a good year with China and Intel deals.
Best Regards
Hi Standards,
GE,JPM & GS will make it BIG once economy grows again !!!!
Techs MAY need a rest..they have/ARE in overdrive mode !!!
Saleem
Hi Saleem,
I'll be waiting for AAPL to slide into the low 100's or a pull back in RIMM to low 60's. Tech looks tired, but I could be wrong.
Best Regards
Hi Standards,
RIMM has much more MOJO....so it will be a great buy in your desired price....could be AH???
Saleem
Hello
key apple stats:Key stats:
March qtr. revenue: $7.69 billion consensus (6% y/y growth)
March qtr. EPS: $1.09 consensus
March qtr. GM: 32.5% guidance, 33.6% RBC estimate
March qtr. Mac shipments: 2.1 million consensus
March qtr. iPod shipments: 10.0 million consensus
March qtr. iPhone shipments: 3.3 million consensus (some analysts at 3.7 million)
June qtr. revenue: $8.28 billion consensus (11% y/y growth), guidance could be $7.8-8.1 billion
June qtr. EPS: $1.12 consensus, guidance could be $0.92-1.02
June qtr. GM: 33% consensus, guidance could be 30.5-31.5%
Hi Madmax,
Thanks for AAPL ER stats.
AAPL UP $3 AH.
Saleem
apple continues to beet: Plz read
this is yummyApple (AAPL Quote) blew past targets but aimed its fiscal third-quarter goals below analysts estimates.
The Cupertino, Calif.-based gadget shop posted earnings of $1.33 a share, up from $1.16 a share in the year ago period and well above the $1.09 profit analysts had anticipated, according to Yahoo! Finance.
Sales for the quarter ended March 28 were $8.16 billion, up from $7.5 billion a year ago and above the $7.94 billion in revenue analysts were looking for.
Apple did see it first decline in Mac sales in five years with 2.2 million computers sold, in line with expectations. The company sold 3.79 million iPhones in the quarter, better than the 3.4 million analysts expected.
And Apple's premium priced devices translated to a wider than expected gross margin of 36.4%, much fatter than the 32.5% expected.
"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," CFO Peter Oppenheimer said in a press release.
Apple says it now expects profit of between 95 cents and $1 a share on revenue between $7.7 billion and $7.9 billion for its fiscal third quarter. That forecast is well below analysts' expectations for a profit of $1.11 on $8.26 billion in revenue. But Apple watchers point out that the company is characteristically conservative in its guidance.
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