Indices are negative after a huge run yesterday.
S&P 500 @ 1381.58, low so far 1377.04
RSI @ 42.40
Internals are negative
Oil Down $2.71
Gold Down $11.50
Canadian $ Down 19 tick @ 100.13
VIX UP 2.3% @ 15.59
Portfolio is APKT,AMZN,CF,JCP.....
Most stocks are down
@ 1.56 following are green :
AMZN,CF,JCP,LEN,EXPE,NFLX,PCLN,
KORS,LULU,POT,BIDU,LVS,RIMM,
COH,LNKD,V,GMCR,FB,ZNGA,
CIEN,ARNA,MOS,SBUX,MCD,
WYNN,BAC....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
I hope you do not mind if I post APPLE news:
Piper Jaffray's Gene Munster, who has an Overweight rating on the stock and a $900 price target, writes that Apple's 2013 will have “somewhat less fanfare” than this year offered, but that it will “set the stage for bigger changes in the product lineup in CY14 and beyond.”
Munster thinks the early part of the year will bring a rumored Apple radio service, an updated iPad mini with the “retina display” screen found on the higher-end iPad, and perhaps a new version of Apple's “Apple TV” set-top box that may offer access to software programs in Apple's “App Store.”
At the customary June developer conference, Apple will show off the latest versions of its OSX Mac operating system and its iOS mobile operating system, which may show the first signs of the influence of hardware guru Jony Ive, who is now in charge of user interface design. Munster expects “iOS 7 core new features to include additional wallet features for Passbook, commerce integration for Siri (Groupon/LivingSocial as an example), and Maps improvements.” The event may include new MacBook Airs with retina displays.
Munster expects a refresh to the iPhone in the fall, called “5S,” while the iPad mini may get a processor speed increase and the full-size iPad may be redesigned to be more like the iPhone and the mini, “including a thinner anodized aluminum body.” Munster expects a full-blown television set come November of next year.
Beyond 2013, Munster expects Apple needs to increase the frequency of iPhone updates and lower the average price of the device in order to remain competitive with Google's (GOOG) Android:
We believe that the frequency with which Android devices are launched that Apple will ultimately need to speed up the update cycle of the iPhone to twice per year. We believe this would include an incrementally numbered, fully redesigned phone and an “S” version, which would carry the same design as the prior phone, but have faster internals. Given our expectation that Apple will launch an iPhone 5S in 2013, the most logical time for the speed up of the iPhone launch cycle could be 2015. In this scenario, we expect new body style iPhone 6 in 2014 and the “S” version would launch in March 2015, taking over the traditional iPad event in Spring each year. We note this would leave about 6 months between phone updates. Additionally , we acknowledge the speculation from DigiTimes that Apple may be preparing to launch an updated iPhone on an earlier cycle than usual. We believe there is a 10-20% chance the phone is announced in the Spring event or at WWDC in June [...] Expect Existing iPhone To Reach $200 (unsubsidized). We believe the biggest event in CY14 could be Apple reducing the price of an existing iPhone to ~$200 (unsubsidized). The $200 price is important given Apple's market share is weakest in emerging markets. We estimate that Apple controls 55% of smartphone sales in the US, and according to data from Analysys, closer to 4% in emerging markets like China.
Note that Tavis McCourt with Raymond James yesterday made similar observations about Apple's concentration of iPhone sales in developed markets and its trailing position relative to Android devices in emerging markets.
Lots of chatter on APPLE this clip shows what may happen:
Still time to get on board
your amazon is amazing fly like a kite
C
Hi C,
I always welcome post about any stock which anyone owns or not.It adds to collective knowledge which this BLOG is all about.
Very interesting read on AAPL..i read the whole post......
Thanks for your enthusiastic comment about AMZN.....
Saleem
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