Posts Tagged ‘aapl’

Major Tech. Stocks Trading Lower (AAPL, Sprint, CSCO, MU)

Wednesday, March 30th, 2011

Apple Inc. (NASDAQ:AAPL) fell 4.37% to $1.75. The stock has a 52-week range of $1.38-$10.57.

The stock has average daily volume of 3.70 million shares. At Current market price, the market capitalization of the company stands at $2.32 billion.

Sprint Nextel Corporation (NYSE:S) lost 1.08% to $4.57. Sprint Nextel Corporation is a holding company, with its operations primarily conducted by its subsidiaries.

The stock opened at $4.60 and is trading within the range of $4.56-$4.64.

Cisco Systems, Inc. (NASDAQ:CSCO) slid 0.23% to $17.40. The stock has a 52-week range of $16.97-$27.74.

The stock has average daily volume of 86.55 million shares. At Current market price, the market capitalization of the company stands at $96.16 billion.

Micron Technology, Inc. (NASDAQ:MU) is down 1.28% to $11.61. Micron Technology, Inc. is a manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM), Nandi Flash memory (NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products.

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Major Tech. Stocks In Spotlight (AAPL, QCOM, YHOO, NOK)

Thursday, March 17th, 2011

Apple Inc. (NASDAQ:AAPL) trading at $339.08, 2.75% higher. The stock has a 52-week range of $199.25-$364.90.

The stock has average daily volume of 86.14 million shares. At Current market price, the market capitalization of the company stands at $96.13 billion.

QUALCOMM, Inc. (NASDAQ:QCOM) gained 3.74% to $52.39. The stock has a 52-week range of $31.63-$59.84.

QUALCOMM Incorporated designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies.

Yahoo! Inc. (NASDAQ:YHOO) added 2.34% to $16.27. Yahoo! Inc. together with its subsidiaries, is an online media company.

The stock has average daily volume of 24.78 million shares. At Current market price, the market capitalization of the company stands at $21.32 billion.

Nokia Corporation (ADR) (NYSE:NOK) went up 2.53% to $8.09. Nokia Corporation is engaged in the manufacturing of mobile devices and in converging Internet and communications industries.

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Top Tech. Stocks Trading Lower (AAPL, MU, MSFT, INTC)

Tuesday, March 15th, 2011

Apple Inc. (NASDAQ:AAPL) fell 3.46% to $341.33. The stock has a 52-week range of $199.25-$364.90.

The stock has average daily volume of 18.72 million shares. At Current market price, the market capitalization of the company stands at $314.69 billion.

Micron Technology, Inc. (NASDAQ:MU) lost 3.96% to $9.95. Micron Technology, Inc. is a manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM), Nandi Flash memory (NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products.

The stock opened at $10.01 and is trading within the range of $9.85-$10.13.

Microsoft Corporation (NASDAQ:MSFT) is down 2.12% to $25.15. The stock has a 52-week range of $22.73-$31.58.

The stock has average daily volume of 63.93 million shares. At Current market price, the market capitalization of the company stands at $211.24 billion.

Intel Corporation (NASDAQ:INTC) fell 3.41% to $20.13. The stock opened at $20.23 and is trading within the range of $20.10-$20.33.

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Apple’s (NASDAQ: AAPL) Flash Crash?

Friday, February 11th, 2011

Something happened to Apple’s (NASDAQ: AAPL) share price Thursday afternoon that has investors still scratching their heads. The stock, which had been sailing along near its all-time high of $360 a share, started to drop at about 1 p.m. Then, at 1:39, it collapsed, falling from $355 to $349 in the space of four minutes. In all, $10 billion got shaved off Apple’s market capitalization before the stock began to recover.

Except for the surprisingly short iPhone lines at Verizon stores Thursday, there didn’t seem to be any news behind the sell off. The selling is not normal just for negative news. There was a huge spike where dollars were being skipped in the selling. Apple ticked from $351.70 to $349.00 within seconds.  There’s something else.  The selling was not normal.  That’s for sure.  It wasn’t orderly. Take a look at the chart.

The chart, bears a strikingly resemblance to the flash crash of May 6, 2010. But that event shook the entire market. This one belonged to Apple.

Rumor has it from Twitter tweet by Zero Hedge Steve Jobs, but did not say what the specific rumors are. The rumor is that Steve Jobs is in the hospital. Keep in mind this is just a rumor, and if we hear anything, Benzinga will update you on it.

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Markets In Shambles, DJIA Down 200

Thursday, May 20th, 2010

Congrats to all our loyal followers of the Wall Street Grand Blog! If you had followed my advice on 4/28  and 5/5 to steer clear away from the markets you have either A) saved a tons of losses or B) made a killing on shorting or purchasing Puts in just about any stock out there -my particular favorite -SPY or QQQQ’s. We still have ways to go. This will we be a long and steady decline to the 9500 - 9800 range in the DJIA. FYI the SPY puts in the May $110 Puts are up today 110% and up 1100% since my April 26th call. (My Pick for the month – Short APPLE currently $243)

We’ll have our up weeks as today was an obvious sign over exaggerated selling. As I had been stating all along play the bounce off the 200 day Moving Averages. At this level I anticipate a short rally before our next leg down. Analysts must now realign there estimates to the conservative side as I had anticipated the economy is shooting FALSE GREEN SHOOTS

Todays catalyst of the 200 point drop……JOBS

Stocks fell sharply at the open Thursday after an unexpected spike in jobless claims and as global jitters pushed the dollar higher. the CBOE volatility index spiked above 40. The Dow and S&P are on track to have their worst month since February 2008. 

The market was already pointing lower today as volatility surged in global markets amid worries about financial reform and the sovereign debt crisis, when the jobless claims report came out and further rattled the market. Initial claims for unemployment benefits shot up by 25,000 to 471,000 last week. Economists had expected claims to drop to 440,000. The dollar surged against the euro. Commodity prices fell, with crude oil dropping below $68 a barrel and gold falling to near $1,180 an ounce. Treasurys, particularly longer-dated securities, jumped on the stock market turmoil. The 30-year bond gained more than one point in price, sending its yield to 4.16 percent, its lowest since Oct. 20, 2009. Prices and yields move in opposite directions.

Uncertainty grew on the back of concerns about the euro zone’s economic health, and whether Germany’s financial reforms will backfire on stocks. Other European nations, including France, the Netherlands and Finland, announced they have no plans to follow Germany’s ban on naked short selling of specific instruments, to control what Chancellor Angela Merkel called “destructive” markets. Also in Europe, more protests are scheduled to take place in Greece today against the new austerity measures.

Asian markets were lower, with Tokyo, Seoul and Sydney down more than 1.5 percent each, as political divisions in Europe, again, and fears of more market regulation pressured stocks.

Still to come: The Philadelphia Fed Index will be announced at 10 am New York time, forecast up to 21.2 from 20.2 last month. At the same time, the Conference Board issues its monthly index of leading economic indicators, with consensus forecasts calling for an increase of 0.2 percent on top of last month’s 1.2 percent rise.

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S&P at 1,200, Apple Soars After Hours

Tuesday, April 20th, 2010

U.S. stocks rose Tuesday for a second day as Energy, financials and utilities, lifted confidence that consumers are spending and spurred hopes of higher energy demand. But IBM and Goldman Sachs declined. Energy stocks got a boost as oil prices finished above $83 a barrel. The dollar slipped on improving global risk appetite while gold prices ended above $1,138 an ounce.

Investors underestimated corporate America’s ability to earn money. There’s a large amount that investors assumed was priced into the market, but it wasn’t. So far, 84 percent of S&P 500 companies that have reported earnings have beat expectations and of those, 65 percent have shown better-than-expected revenues.

IBM late Monday reported profits that topped forecasts, but its gross margins disappointed, sending its shares down 1.9%. Goldman Sachs GS 159.60, also released better-than-expected results, with the investment banking giant’s first-quarter earnings nearly doubling to $3.3 billion. But shares of Goldman fell 2.1%, with its earnings losing ground to continued concerns over the fraud suit filed against the firm Friday by U.S. regulators. The headline that Goldman was “posting massive profits doesn’t resonate well for the average American. We expect the White House would use the latest news regarding Goldman to push its case for financial reform forward.

Apple Earnings

Apple Inc. shares jumped Tuesday evening after the company posted a sharp rise in earnings on increased sales of  IPhones and Mac computers. Apple shares AAPL 257.47, climbed 5.4% to $257.54 in after-hours trading, reaching new highs following the company’s report of a second-quarter profit of $3.07 billion, or $3.33 a share, up from $1.62 billion, or $1.79 a share, a year ago. Revenue leapt 49% to $13.5 billion. Amazing!!! The company also said it sold 8.75 million iPhones during the quarter. Analysts were looking for IPhones sales of a little more than 7 million. It sold 2.94 million Mac units, compared with expectations of 3 million units.

The company’s first-quarter net revenue came in at $1.13 billion, lighter than the $1.17 billion in sales estimated by analysts polled by Thomson Reuters. The company’s profit nearly tripled to $310 million, or 22 cents a share, from $118 million, or 8 cents a share.

On March 3 we noted that it was a good time to pick up Apple shares at $209. Click Here. We are now up 23%!!

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DJIA Flirting With 11,000

Monday, April 5th, 2010

Stocks spent the session in the black today, as the Street cheered the largest monthly job gain since December 2007. More specifically, traders donned rose-colored glasses to view the Labor Department’s employment report from Friday, which indicated that 162,000 jobs were added in March, compared to economists’ expectations for a gain of 190,000 jobs. Elsewhere, stronger-than-anticipated data on service-sector growth and a pleasantly surprising real estate report added fuel to the bulls’ fire, stoking hopes for a healing economy. Though the DJIA couldn’t pick up enough steam to topple the psychologically significant 11,000 level, the blue-chip barometer tapped a fresh multi-month peak nonetheless.

After touching a new 18-month high of 10,988.06 early in the session, the DJIA 10,973.55 settled on a more modest gain of 46.5 points, or 0.4%. Twenty-one of the Dow’s 30 blue chips finished higher, with American Express (AXP) and Caterpillar (CAT) leading the advancers. Meanwhile, Boeing (BA) and Travelers Co. (TRV) paced the eight declining blue chips, while the shares of Wal-Mart (WMT) finished at breakeven.

The S&P 1,187.44 finished near its own multi-month high of 1,187.73, ending with a gain of 9.3 points, or 0.8%. Finally, though the Nasdaq 2,429.53 was the lone index to fall short of a new 52-week peak, the tech-rich index advanced 27 points, or 1.1%, with help from Apple Inc.’s (AAPL) iPad-related hype.

Turning to equities in focus, the Securities and Exchange Commission (SEC) is investigating the accounting practices of several former Dell, Inc. (DELL) employees.

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Verizon to Get IPhone Within 12 Months

Tuesday, March 30th, 2010

On March 3rd I stated here, that Apple would be on the Verizon market within time. News broke across headlines this morning stating just that. Apple Inc., trying to build on the success of its iPhone, is developing a new version, one of which will work over the Verizon Wireless network.

Mass production of the Verizon Wireless phone is rumored to be scheduled for September. The other new iPhone may debut this summer.

AT&T Inc. has been the exclusive US carrier for the iPhone since its debut in 2007, gaining an advantage over rivals in the smart-phone market. An agreement with Apple would let Verizon Wireless tap rising demand for the iPhone, which has sold more 42 million units. The iPhone, which lets users surf the Web, listen to music, and watch videos, consumes about twice the bandwidth of other smart-phones. That’s strained AT&T’s network, particularly in major cities such as New York and San Francisco. The company has said it is spending an extra $2 billion this year to help ease capacity crunches. Apple continues to refuse to comment on rumor and speculation.

Apple named AT&T as the provider of wireless service for its iPad tablet computer in January. Verizon and AT&T are both beginning to offer more kinds of devices, such as low-cost computers, as they seek new ways to keep growing. The Ipad seems to have experienced a minor shipping delay has just made its debut that much more exciting. According to published reports, Apple moved back the shipping date for its iPad tablet to April 12th for customers who placed pre orders. (However, those who ordered the tablet before Sunday, March 28th will still get it Saturday, April 3rd.)  Although there’s no comment for Apple about the delay it could be due to overwhelming demand. Analysts for Morgan Stanley wrote in a note Monday they expect Apple to ship about 2.5 million units in its first quarter on the market, and more than 6 million units this year.

Two Taiwanese companies are rumored, Hon Hai Precision Industry Co. and Pegatron Technology Corp., are making the new phones on the CDMA network.

If the iPhone were to become available on Verizon, it could be a significant blow to AT&T T 26.10, which has enjoyed great success with the phone since it hit the market in 2007. Shares of AT&T slumped nearly 3% in after-hours trading on Monday following the report. Verizon shares were up 3.7%, while Apple rose 2.5% in the evening. This proves another devastating blow to RIMM and only strengthens my play on Apple that I had advised on March 3rd post. It will continue to trade at an all time highs. Currently trades $237.00 Up 14% from my initial announcement.

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Stocks Rise to Increased Consumer Spending

Monday, March 29th, 2010

Stocks kicked off the week on a high note today, as the Street cheered about encouraging economic data. More specifically, the Commerce Department reported that consumer spending accelerated by 0.3% in February — in line with economists’ expectations, and marking the fifth straight monthly increase. The data boosted investors’ confidence ahead of the Labor Department’s highly anticipated monthly employment report, slated to hit the Street later this week. Meanwhile, easing concerns about Greece’s sovereign debt and robust economic indicators out of China were a boon for crude and gold, with commodity concerns blazing the broad-market path into the black. 

The DJIA 10,895.86 finished 45.5 points, or 0.4%, ahead, as 23 of its 30 components ended higher. Hewlett-Packard (HPQ) paced the seven decliners, while Boeing (BA) led the charge into the black amid positive news concerning the 787 Dreamliner.

The S&P 1,173.22 also explored positive ground throughout the entire session, settling on a gain of 6.6 points, or 0.6%, to extend its lead atop its 160-month moving average. Finally, the Nasdaq 2,404.36) advanced 9.2 points, or 0.4%, with Apple Inc. AAPL lifting the tech-rich index amid massive pre-iPad excitement. The Nasdaq is now on pace to finish the month atop the 2,400 level for the first time since May 2008.

Crude futures finished in the black today, as a weaker greenback made dollar-denominated commodities cheaper for holders of foreign currencies. In addition, a Chinese government researcher predicted the country’s annual economic growth to reach 12% this quarter, boosting expectations for escalating fuel demand from the world’s second-largest oil consumer. Against this backdrop, crude oil for May delivery added $2.17, or 2.7%, to settle at $82.17 per barrel.

The ailing greenback was also a boon for gold futures today, with the dollar ticking lower against the euro after Greece sold 7-year bonds to help ease its deficit. In addition, the World Gold Council said Chinese gold demand could double in the next decade, giving the malleable metal an added lift. By the close, gold for June delivery – the most active contract – advanced $6.10, or 0.5%, to finish at $1,111.50 an ounce.

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Stocks Soar to New Highs, Dell on Fire

Tuesday, March 23rd, 2010

The major market indexes continued to explore new heights today, with help from a batch of better-than-expected housing data. More specifically, the National Association of Realtors said existing home sales backpedaled by 0.6% to an annual rate of 5.02 million in February, narrower than the expected decline to 5 million units. While sales of previously owned homes are now at their lowest level in eight months, today’s data left the Street optimistic ahead of the Commerce Department’s monthly report on new home sales, slated for release tomorrow. Against this backdrop and thanks to some long-awaited closure on the health care front stocks extended their rally into the close, with the bulls on pace for a solid first-quarter finale.

The DJIA gained 102.94, or 1 percent, to close at 10,888.83, another 1  1/2-year closing high. Kraft KFT  30.78 and Pfizer PFE  17.54 were the biggest gainers. The S&P 500 gained 0.7 percent, with industrial and technology the best-performing sectors. The tech-heavy Nasdaq climbed 0.8 percent.

Several large caps hit new 52-week highs, including Kraft KFT  30.78, Apple AAPL  228.40 and Cisco CSCO  26.64. Two of my plays mentioned in my Large Cap Fund here.

This came after stocks rose Monday, with the Dow closing at a 1 1/2-year high as investors were relieved that uncertainty surrounding health-care reform was lifted with the weekend passage of the bill. The President signed the legislation into law earlier today. The Senate this week will take up a package of changes suggested by the House.

Commodities

Crude futures finished a choppy session in the black, overcoming an early deficit stemming from a stronger dollar. Helping black gold rebound was a promising report from MasterCard, which indicated that U.S. gasoline demand jumped by 1.4% to 9.66 million barrels in the week ended March 19 – the highest level of weekly consumption since late June 2009. By the close, crude oil for May delivery – which assumed front-month status today – added $0.31, or 0.4%, to settle at $81.91 per barrel.

Gold futures also nudged higher today, snapping a two-session retreat as the greenback trimmed its lead against a basket of foreign currencies. In addition, some analysts attributed the metal’s rebound to steady demand from Asia, with India – the global leader in gold consumption – wrapping up its wedding season. Against this backdrop, April-dated gold futures advanced $4.20, or 0.4%, to finish at $1,103.70 an ounce.

DELL

On March 10, I reported that DELL was set to breakout. Read here. Dell was priced @ $14.18 at the time while the April $15 Calls were priced at .15. Well ladies and gentlemen, sure enough with patience on our side, it has now broken resistance today to close @ $15.22. Dell is now up 7.33% while the call closed up to .53 for a 253% gain. The best part, we’re not done. As I mentioned last week there’s plenty of leg on this run. My target here is $16.50-17 by the April16 expiration which by then should garnish us a +500% gain. Sit tight and enjoy the ride!!! If you haven’t joined us, it’s not too late.

ACE

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