Indices are @ their highs after being down earlier.
S&P 500 @ 1764.62, high so far 1764.62
Internals are negative
Oil UP 62 cents
Gold UP $3.82
Canadian $ UP 5 tick @ 95.73
VIX UP 1.15% @ 13.24
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are down
@ 2.32 following are green :
FNSR LNKD MU AAPL GOOG KORS CF
GMCR EBAY YUM FFIV COH MA V
WPRT RVBD SNDK M MCD EGO
GG AEM Z WYNN AGU RALY....
AAPL reports AH which will be a market mover....
Sales expectations Q4 $36.84 Billion, EPS $7.93,
Q1 guidance expected Sales $55.65 Billion EPS $13.86
BLOG does nOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
Well, here starts the week for me: AAPL and X coming right up! :)
Stocktrader
Hi Stocktrader,
AAPL was a beat in Q4.....
Q1 Sales guidance is higher than expected......
I think the issue is their Gross Margin for this Q & next......
Saleem
Hey Saleem,
You're right--margin is the sticking point, but I think overall the report was good, especially when you factor in a certain amount of underpromise.
They have so many new products for this holiday quarter that I think the street will continue to be excited for the shares. That said, upside may be limited in the near term while this report is digested.
Stocktrader
Hey Saleem,
A deferred revenue component to each sale of a device with iOS 7 is affecting their Q1 gross margin guidance by approximately 1.5%. That's the main reason for the pop now--factoring in that, the margin guidance would be above the 37.9% expectations.
Stocktrader
Hey Saleem,
I got some good news on KORS and LCC in after hours--KORS is being added to the S&P 500 and LCC agreed to mediation with US regulators concerning their merger. Finally some good news for the portfolio--it's been rough on some fronts recently.
Stocktrader
Hi Stocktrader,
GREAT !!!
KORS & LCC plus AAPL on the mend....
Saleem
Hey Saleem,
The X report is messy, but at the very least, the tone for Q4 is not as good as I expected. I look forward to the conference call tomorrow.
Stocktrader
Hi Stocktrader,
X is down AH......
I am sure after cc you will make quality decision for next move.
Saleem
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