Apple, Inc. is the well-known manufacturer of the “iPod,” “iPad,” “iPhone,” “iMac,” and “MacBook.” Founded in 1976, under the direction of CEO Steve Jobs, Apple was projected to be the first $1,000 stock before retreating from its record high of $705.00 in September 2012.
The U.S. stock market indices remain largely unchanged despite a number of corporations updating their earnings. The Dow, NASDAQ, and S&P 500 all gained around a tenth of a percentage point.A number of corporations, including Aetna, Coach, and CVS Health, reported their earnings. Economy-wise, the market awaits trade balance. Read More
The NASDAQ Composite Index opened the trading session lower on Friday, July 24th, down 6.5 points or 0.31%. Lagging pessimism from Greece’s debt crisis hung over the market, as did an underwhelming earnings report from Apple Inc. (NASDAQ/AAPL). America’s technology exchange fell by 1.39% during the week, including a 0.49% fall. Read More
Apple Inc.’s (NASDAQ/AAPL) share price tumbled as much as seven percent in early trading on Wednesday July 22nd. Why? The company just came out with its earnings.Solid FinancialsThe headline numbers look great. Revenue came in at $49.6 billion, a 33% increase year-over-year. Net profit was $10.7 billion, translating to earnings. Read More
Apple Inc. (NASDAQ/AAPL) is due to release its quarterly earnings report on July 21st after market close. Here are a few things that investors should watch for in the report.Strong Growth ExpectedAnalysts are expecting strong growth for Apple in the reporting quarter. Revenue is expected to be $49.26 billion, a 31.6% increase year-over-year.. Read More
The NASDAQ opened higher on Friday July 17th after strong earnings results from Google Inc. (NASDAQ/GOOG, GOOGL) and positive economic data. This could eventually give clues on the timing of an interest rate increase.The U.S. dollar is heading for its biggest gain since May after economic data increased the possibility of an interest. Read More