Dow surged 154, advancers over decliners a mild 3-2 & NAZ gained 46. The Alerian MLP index bounced back to finish up 1+ to the 524s & the REIT index was off pocket change to the 292s. Junk bond funds pulled back & Treasuries retreated as stocks went up. Oil rose & gold slid back, near multi year lows.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.5519366939775785)
Apple pulled an update to its operating system for the iPhone after the new software caused some people to lose cellular service. After rolling out the latest version of its iOS 8 software earlier today, the company withdrew the update when scores of customers experienced dropped cellular service so they couldn’t make calls. The fingerprint reading Touch ID feature also wasn’t working after the update, according to some customers. “No service on my iPhone after iOS 8.0.1,” said one Twitter user. “DO NOT UPDATE,” said another. AAPL said that it had received reports of the issues with the update, which is called iOS 8.0.1. Customers can still use iOS 8, which was released last week.
“We are actively investigating these reports and will provide information as quickly as we can,” AAPL said in a statement. “In the meantime, we have pulled back the iOS 8.0.1 update.” The pullback adds to the snafus with the iOS 8 mobile software since it was released last week. Popular applications have been crashing more frequently. Customers also have complained about having to delete photos, videos & apps to make room for the new software. One research firm said iOS 8 causes apps to crash about 3.3% of the time, or 67% more than last year’s version. AAPL released the iOS 8 update to fix software bugs & add the health & fitness-monitoring application HealthKit. The program had been cut from last week’s initial release because the company discovered problems before making it available to the public. The iOS software is the system that powers the iPhone, iPad & iPod Touch & 46% of devices connecting to the company’s App Store are running iOS 8. The stock fell 89¢. If you would like to learn more about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
Apple Pulls IOS Update After Version Causes Dropped Calls
KB Home fell after reporting lower-than-expected quarterly earnings as the transition to a new mortgage partner delayed some home deliveries. EPS for the 3 months thru Aug was 28¢, compared with 30¢ a year earlier. The estimate was for 40¢. The homebuilder delivered 1793 homes, down from 1825 a year earlier, largely resulting from the changeover during the qtr to Home Community Mortgage, a new joint venture with Nationstar Mortgage. “We anticipated some minor delays,” CEO Jeffrey Mezger said. “However, we experienced far more paperwork-processing and approval issues than we expected with the launch. The initial disruption is now behind us and while we have more work to do in fine-tuning this new business, we expect a smoother closing process within the mortgage venture going forward.” The builder also was delayed in completing sales because of labor shortages & the inability of utility companies “to get new communities energized, or meters installed, on completed homes,” Mezger said. Most of the sales won’t be lost & were instead pushed into Q4. Fiscal Q3 revenue jumped 7% from a year earlier to $589M, fueled by an average selling price that increased 9% & net orders rose 5% to 1827 homes. The stock sank 90¢, near its almost 2 year lows. If you would like to learn more about KBH, click on this link:
club.ino.com/trend/analysis/stock/KBH?a_aid=CD3289&a_bid=6ae5b6f7
KB Home Declines After Earnings Miss Analyst Estimates
Coca-Cola & Pepsico, both Dividend Aristocrats & KO is also a Dow stock, agreed to cut the beverage calories that Americans consume by 20% over the next decade, saying they’ll more heavily promote smaller portion sizes, water & diet drinks. The American Beverage Association-backed effort made the commitment at the Clinton Global Initiative Annual Meeting today. The move builds on a 2006 agreement to limit portion sizes targeted at school kids, which resulted in beverage calories shipped to schools falling 90% between 2004 & 2010. The latest campaign is a response to growing criticism of the industry, which is blamed for contributing to the obesity epidemic. Because demand for sugary drinks has already been declining suggests that the industry could achieve these goals without much additional effort. Sales of these drinks may have declined 15% since 1998 & further volume sales could drop within a decade with minimal action by soft-drink makers. The beverage industry will hire an independent evaluator to track progress toward the 20% reduction, which is slated for 2025. “This is the single-largest voluntary effort by an industry to help fight obesity,” Susan Neely, the American Beverage Association’s CEO said. “This initiative will help transform the beverage landscape in America.” KO stock rose 38¢ & PEP went up 57¢. If you would like to learn more about KO, click on this link:
club.ino.com/trend/analysis/stock/KO?a_aid=CD3289&a_bid=6ae5b6f7
If you would like to learn more about PEP, click on this link:
club.ino.com/trend/analysis/stock/PEP?a_aid=CD3289&a_bid=6ae5b6f7
Coca-Cola, PepsiCo Pledge to Cut Drink Calories Consumed by 20%
Not really sure why stocks had such a good day. After the first hour of trading, the averages took off & never looked back. MLPs have been the doghouse with talk about major funds selling energy shares. Bargain hunters for MLP units returned but not for REITs. Junk bond funds continued under selling pressure. Market breadth was drab, which gives a better picture of today's trading. Dow is within a few breaths of reaching a new high even though there was no significant news behind today's rally.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLF15.NYM | ....Crude Oil Jan 15.... | 91.69 |  ...1.13 | (1.3%) |
Apple pulled an update to its operating system for the iPhone after the new software caused some people to lose cellular service. After rolling out the latest version of its iOS 8 software earlier today, the company withdrew the update when scores of customers experienced dropped cellular service so they couldn’t make calls. The fingerprint reading Touch ID feature also wasn’t working after the update, according to some customers. “No service on my iPhone after iOS 8.0.1,” said one Twitter user. “DO NOT UPDATE,” said another. AAPL said that it had received reports of the issues with the update, which is called iOS 8.0.1. Customers can still use iOS 8, which was released last week.
“We are actively investigating these reports and will provide information as quickly as we can,” AAPL said in a statement. “In the meantime, we have pulled back the iOS 8.0.1 update.” The pullback adds to the snafus with the iOS 8 mobile software since it was released last week. Popular applications have been crashing more frequently. Customers also have complained about having to delete photos, videos & apps to make room for the new software. One research firm said iOS 8 causes apps to crash about 3.3% of the time, or 67% more than last year’s version. AAPL released the iOS 8 update to fix software bugs & add the health & fitness-monitoring application HealthKit. The program had been cut from last week’s initial release because the company discovered problems before making it available to the public. The iOS software is the system that powers the iPhone, iPad & iPod Touch & 46% of devices connecting to the company’s App Store are running iOS 8. The stock fell 89¢. If you would like to learn more about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
Apple Pulls IOS Update After Version Causes Dropped Calls
Apple (AAPL)
KB Home fell after reporting lower-than-expected quarterly earnings as the transition to a new mortgage partner delayed some home deliveries. EPS for the 3 months thru Aug was 28¢, compared with 30¢ a year earlier. The estimate was for 40¢. The homebuilder delivered 1793 homes, down from 1825 a year earlier, largely resulting from the changeover during the qtr to Home Community Mortgage, a new joint venture with Nationstar Mortgage. “We anticipated some minor delays,” CEO Jeffrey Mezger said. “However, we experienced far more paperwork-processing and approval issues than we expected with the launch. The initial disruption is now behind us and while we have more work to do in fine-tuning this new business, we expect a smoother closing process within the mortgage venture going forward.” The builder also was delayed in completing sales because of labor shortages & the inability of utility companies “to get new communities energized, or meters installed, on completed homes,” Mezger said. Most of the sales won’t be lost & were instead pushed into Q4. Fiscal Q3 revenue jumped 7% from a year earlier to $589M, fueled by an average selling price that increased 9% & net orders rose 5% to 1827 homes. The stock sank 90¢, near its almost 2 year lows. If you would like to learn more about KBH, click on this link:
club.ino.com/trend/analysis/stock/KBH?a_aid=CD3289&a_bid=6ae5b6f7
KB Home Declines After Earnings Miss Analyst Estimates
KB Home (KBH)
Coca-Cola & Pepsico, both Dividend Aristocrats & KO is also a Dow stock, agreed to cut the beverage calories that Americans consume by 20% over the next decade, saying they’ll more heavily promote smaller portion sizes, water & diet drinks. The American Beverage Association-backed effort made the commitment at the Clinton Global Initiative Annual Meeting today. The move builds on a 2006 agreement to limit portion sizes targeted at school kids, which resulted in beverage calories shipped to schools falling 90% between 2004 & 2010. The latest campaign is a response to growing criticism of the industry, which is blamed for contributing to the obesity epidemic. Because demand for sugary drinks has already been declining suggests that the industry could achieve these goals without much additional effort. Sales of these drinks may have declined 15% since 1998 & further volume sales could drop within a decade with minimal action by soft-drink makers. The beverage industry will hire an independent evaluator to track progress toward the 20% reduction, which is slated for 2025. “This is the single-largest voluntary effort by an industry to help fight obesity,” Susan Neely, the American Beverage Association’s CEO said. “This initiative will help transform the beverage landscape in America.” KO stock rose 38¢ & PEP went up 57¢. If you would like to learn more about KO, click on this link:
club.ino.com/trend/analysis/stock/KO?a_aid=CD3289&a_bid=6ae5b6f7
If you would like to learn more about PEP, click on this link:
club.ino.com/trend/analysis/stock/PEP?a_aid=CD3289&a_bid=6ae5b6f7
Coca-Cola, PepsiCo Pledge to Cut Drink Calories Consumed by 20%
Coca-Cola (KO)
Pepsico (PEP)
Not really sure why stocks had such a good day. After the first hour of trading, the averages took off & never looked back. MLPs have been the doghouse with talk about major funds selling energy shares. Bargain hunters for MLP units returned but not for REITs. Junk bond funds continued under selling pressure. Market breadth was drab, which gives a better picture of today's trading. Dow is within a few breaths of reaching a new high even though there was no significant news behind today's rally.
Dow Jones Industrials
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