Dow fell 32, decliners over advancers 2-1 & NAZ was up pocket change. The MLP index was fractionally lower in the 447s & the REIT index fell 1+ to the 268s. Junk bond funds were mixed & Treasuries pulled back. Oil fell
to a 5 month low on
estimates that US inventories rose to the most since Jun. Despite what the chart below shows, gold inched higher.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)
Fighting back, AAPL said the new iPad mini with a high-resolution screen is now available for shipping, while indicating that supplies of the tablet are limited ahead of the critical holiday shopping season. The device, at prices starting from $399, can be ordered online to be shipped or picked up at an Apple store. While the larger iPad Air went on sale Nov 1, AAPL hadn’t said when the smaller tablet would be available beyond sometime in Nov. The company usually stocks its products in stores so customers can buy them on the spot. AAPL is restricting purchases of the new iPad mini to online orders because the availability of high-definition Retina screens is capping the number of the new tablets the company can make, according to market-research firm IHS. “They had an issue with panel production to get them done on time,” said Rhoda Alexander, a senior manager at IHS who analyzes the tablet & display markets. “They didn’t have the volumes to support a full launch.” IPad sales have slowed in recent qtrs as consumers held off purchases while waiting for new models, & the market becomes more crowded with rival devices from the competition. The iPad is AAPL’s 2nd-biggest source of sales after the iPhone, accounting for $32B in revenue. The company sold 14.1M units in Q3, down from 14.6M in the prior period. The stock was up 1 after having a good run since Jul.
Apple Starts Shipping IPad Mini With High-Definition Display
Wall Street is expecting higher profit for Cisco, a Dow stock, when the company reports its fiscal Q1 tomorrow. The estimate is calling for EPS of 47¢, a rise from 44¢ a year ago. Analysts are expecting EPS of $1.94 for the fiscal year & revenue is projected to be $12.35B in fiscal Q4, 4% above the year-earlier total of $11.88B. For the year, revenue is projected at $50.8B. The company has seen improved revenue in the last 2 qtrs. In the most recent qtr, revenue rose 5% year-over-year to $12.4B & the qtr before that, it rose 5%. Over the last 4 qtrs, the company has seen its income grow by an average of 21% year-over-year & the 44% increase in fiscal Q2 was the biggest rise. 79% of analysts rate CISC as a buy. This compares favorably to the analyst ratings of 10 similar companies, which average 32% buys. The stock gained 28¢.
Stocks had another uneventful day, partially because it was ignoring events in DC. Initial reports show that fewer than 100K have signed up for Obamacare health plans so far. There was an early goal for 800K sign-ups for the first 2 months. This is a glum start on a program affecting just about all Americans which will on balance suck money out of the economy. Sticker shock from higher insurance premiums will crimp retail sales. But Dow is within a whisper of its record high set yesterday, ignoring it all.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
Treasury yields:
U.S. 3-month |
0.06% | |
U.S. 2-year |
0.33% | |
U.S. 10-year |
2.77% |
| CLZ13.NYM | Crude Oil Dec 13 | ...92.97 | ...-2.17 | ...-2.28% |
Android's market share rose to 81%, extending its lead over iOS, used on its iPhones from Apple (AAPL), according to the IDC survey. Android's
share a year ago was 74.9%. Even though iPhone sales grew
25.6% from a year earlier, the growth was slower than the overall
market & iPhone's share fell to 12.9% from 14.4% in the
same period last year. Windows Phone emerged as the #3
smartphone platform with a market share of 3.6 %, up from 2% a year earlier. Windows Phone sales grew 156% (from a low base), with
more than 90% made by Nokia, the Finnish group whose handset
division is set to be acquired by Microsoft (MSFT, a Dow stock). BlackBerry,
meanwhile, saw its troubles deepen, as its market share fell to 1.7% from 4.1% a year ago. BlackBerry sales plunged 42%
from a year ago despite the introduction of the new BlackBerry 10
operating system. The overall market for smartphones grew 39.9% year-over-year in Q3, to 261M units & the average sales price of a smartphone fell 12.5% to $317, IDC said. "Android
and Windows Phone continued to make significant strides in the third
quarter. Despite their differences in market share, they both have one
important factor behind their success: price," said IDC analyst Ramon
Llamas. Both platforms have a selection of devices available at
prices low enough to be affordable to the mass market, and it is the
mass market that is driving the entire market forward." IDC noted
that market share for AAPL was likely affected by weak sales ahead of the
introduction of 2 new iPhone models in Sep, at the end of Q3. But it sold 9M new devices in the first
weekend, suggesting a strong Q4. IDC said larger devices called phablets accounted for 21% of the smartphone market, up from 3% a year ago. "Almost
all successful Android vendors have added one or more five- to
seven-inch phablets to their product portfolios," said IDC's Ryan Reith.
Android smartphones dominate, Windows gains: survey
Fighting back, AAPL said the new iPad mini with a high-resolution screen is now available for shipping, while indicating that supplies of the tablet are limited ahead of the critical holiday shopping season. The device, at prices starting from $399, can be ordered online to be shipped or picked up at an Apple store. While the larger iPad Air went on sale Nov 1, AAPL hadn’t said when the smaller tablet would be available beyond sometime in Nov. The company usually stocks its products in stores so customers can buy them on the spot. AAPL is restricting purchases of the new iPad mini to online orders because the availability of high-definition Retina screens is capping the number of the new tablets the company can make, according to market-research firm IHS. “They had an issue with panel production to get them done on time,” said Rhoda Alexander, a senior manager at IHS who analyzes the tablet & display markets. “They didn’t have the volumes to support a full launch.” IPad sales have slowed in recent qtrs as consumers held off purchases while waiting for new models, & the market becomes more crowded with rival devices from the competition. The iPad is AAPL’s 2nd-biggest source of sales after the iPhone, accounting for $32B in revenue. The company sold 14.1M units in Q3, down from 14.6M in the prior period. The stock was up 1 after having a good run since Jul.
Apple Starts Shipping IPad Mini With High-Definition Display
Apple (AAPL)
Wall Street is expecting higher profit for Cisco, a Dow stock, when the company reports its fiscal Q1 tomorrow. The estimate is calling for EPS of 47¢, a rise from 44¢ a year ago. Analysts are expecting EPS of $1.94 for the fiscal year & revenue is projected to be $12.35B in fiscal Q4, 4% above the year-earlier total of $11.88B. For the year, revenue is projected at $50.8B. The company has seen improved revenue in the last 2 qtrs. In the most recent qtr, revenue rose 5% year-over-year to $12.4B & the qtr before that, it rose 5%. Over the last 4 qtrs, the company has seen its income grow by an average of 21% year-over-year & the 44% increase in fiscal Q2 was the biggest rise. 79% of analysts rate CISC as a buy. This compares favorably to the analyst ratings of 10 similar companies, which average 32% buys. The stock gained 28¢.
Cisco Systems Earnings Expected to Rise
Cisco (CSCO)
Stocks had another uneventful day, partially because it was ignoring events in DC. Initial reports show that fewer than 100K have signed up for Obamacare health plans so far. There was an early goal for 800K sign-ups for the first 2 months. This is a glum start on a program affecting just about all Americans which will on balance suck money out of the economy. Sticker shock from higher insurance premiums will crimp retail sales. But Dow is within a whisper of its record high set yesterday, ignoring it all.
Dow Jones Industrials
I’m a huge fan of INO, & from what I have seen so far, their service Marketclub! This isn’t a stripped down version, everything in MarketClub is available to you. I don’t want to give everything away, but you’ll have unlimited access to my favorite three tools: Trade Triangles, Smart Scan & Alerts! The best part is that the MarketClub customer support team will be providing UNLIMITED support! You can call or email for an instant response to any question, comment or concern.
Here’s that link:
https://club.ino.com/join/specialtrial/index_free.html?a_aid=CD3289&a_bid=359ef9a3
I’d recommend you jump on this now.
No comments:
Post a Comment