It is the 7th of December 2019

News

Bad Santa Buys Bonds, Bullion, & Bitcoin; Rotten Apple Spoils Promised Stock Rally

This was not teh Santa Claus rally that everyone was promised...

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Apple Soars To $900BN In Mkt Cap After Crushing Earnings And iPhone X Guidance

While Apple gets a freebie in the current (fourth fiscal) quarter, as it came just before the official release of the iPhone 8 and X, traders were still looking at overall trends and guidance from Tim Cook on what to expected from the all important holiday quarter. What they got was just what they requested, with Apple not only reporting a beat on the top and bottom line, including the first positive quarter in China in one and a half years, but also providing strong iPhone X guidance for a record holiday quarter, which promptly sent the stock price surging over 3% in the after hours, now just $100 billion away from $1 trillion in market cap.

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Apple Slides After iPhone Sales Drop, Revenues Miss, China Sales Disappoint

With Apple trading at all time highs (and with a quarter trillion in cash on the books), the market was wondering if AAPL can once again surprise to the upside as well as guide what it plans to do with its cash hoard.  It tried, but it couldn't quite get there.

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