Dow lost 25, decliners over advancers 3-2 & NAZ fell 16. The MLP index was fractionally lower in the 421s, remaining near its yearly lows, & the REIT index rose a fraction in the 311s (also near its recent lows). Junk bond funds edged higher & Treasuries advanced. Oil was lower & gold inched higher.
AMJ (Alerian MLP Index tracking fund)
Apple, a Dow stock, is assembling a high-speed network & upgrading how it builds data centers, a push to be more competitive in cloud services. Up to now, AAPL has relied mostly on traditional network providers & technology suppliers to support consumer services such as iTunes for music & movies, iCloud for storing photos & other content & the Siri voice-activated assistant. It will stick with most of its existing vendors, & is mainly seeking to bolster its current infrastructure. AAPL is planning to introduce a streaming-music service at its developer conference today, with TV possibly following later in the year. It will need more efficient, faster infrastructure to ensure glitch-free delivery, according to leakers. The push to build a stronger cloud infrastructure combines two initiatives: Building out a faster network & upgrading data centers. Investments will run into the $B. AAPL may have put $1B into data centers last year, pegged as the 7nth-largest cloud infrastructure spender in 2014. The stock slid back pennies. If you would like to learn about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
Stocks are stumbling around, looking for direction & the bulls are not getting help from Greece. The debt mess is getting grimmer by the day. The euro leaders have learned that Greece is not serious about making reforms & are facing a painful decision about extending the loan. Meanwhile the US data is fulls of ups & downs. Dow has fallen to down 10 YTD.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLN15.NYM | ....Crude Oil Jul 15 | ...58.55 |  ...0.58 | (1.0%) |
| GCM15.CMX | ...Gold Jun 15 | .....1,170.60 | ...2.80 | (0.2%) |
German Chancellor Angela
Merkel demanded urgent action from the Greek gov to cement its
position as a member of the single currency. She said that fellow G-7 leaders meeting in southern Germany, shared her goal of keeping Greece in the
currency bloc & also backed her insistence that Prime Minister Tsipras must deliver an economic program that can satisfy the country’s
creditors. “There isn’t much time left, that’s the problem,” Merkel said at a
press conference today. “Every day counts
now.” Greece & its creditors are wrangling over the measures required to
unlock as much as €7.2B ($8B) of aid from its bailout
program & avert a chain reaction that could see the nation pushed out
of the euro. A solution to the negotiations should be reached before Sun but further high-level meetings will only happen if there is a
chance of a deal, a French gov official said. “A faster resolution is in Greece’s interest,” French pres Hollande said after the meeting. “If we want to move
forward, it would be necessary to have technical talks, in the hours and
the days to come, so that the proposals that aren’t working for the
Greeks are replaced by alternative proposals.” With talks between the Greek gov &
creditors resuming on Mon, the G-7 leaders are leaning on
Tsipras to do a deal & avert the risk of wider economic
reverberations. Pres Obama put concerns over the
deadlock onto the summit agenda while Canadian Prime Minister Harper emphasized the importance reaching a settlement. “All of us who were at the table want Greece to stay in the euro
area,” Merkel said after hosting the summit of G-7 leaders also attended
by IMF chief Lagarde & European
Commission head Jean-Claude Juncker. “Let there be no doubt about what
we always say -- that making an effort of your own and receiving
solidarity is the right combination and two sides of the same coin.”
Merkel Demands Action From Greece
Apple, a Dow stock, is assembling a high-speed network & upgrading how it builds data centers, a push to be more competitive in cloud services. Up to now, AAPL has relied mostly on traditional network providers & technology suppliers to support consumer services such as iTunes for music & movies, iCloud for storing photos & other content & the Siri voice-activated assistant. It will stick with most of its existing vendors, & is mainly seeking to bolster its current infrastructure. AAPL is planning to introduce a streaming-music service at its developer conference today, with TV possibly following later in the year. It will need more efficient, faster infrastructure to ensure glitch-free delivery, according to leakers. The push to build a stronger cloud infrastructure combines two initiatives: Building out a faster network & upgrading data centers. Investments will run into the $B. AAPL may have put $1B into data centers last year, pegged as the 7nth-largest cloud infrastructure spender in 2014. The stock slid back pennies. If you would like to learn about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
Apple to Build High-Speed Network for Fast Content Delivery
Apple (AAPL)
McDonald’s, a Dow stock & Dividend Aristocrat, is pursuing a
comeback under new CEO Steve Easterbrook, reported
May sales that narrowly topped projections after growth in
Europe helped make up for a lingering slump in the US. Global same-store sales fell 0.3% & analysts
predicted a 0.9% drop. Europe was a bright spot for a company struggling with sluggish
demand in both Asia & its home country. European comparable sales rose 2.3%. Analysts had projected a 0.6% gain. Easterbrook, who took over in Mar, has vowed to
transform the world’s largest restaurant chain into a “modern,
progressive burger company.” He announced a turnaround plan last month that includes reorganizing management, cutting costs & returning cash to shareholders. It announced that it would stop providing monthly sales data.
The company will give its Jun numbers, along with its quarterly
earning report in July, but that will be it. Most other companies in
the fast-food & retail industries already stopped making monthly sales
numbers public. US sales fell 2.2%, worse than the 1.7% decline estimated. The drop was 3.2% in the
region that includes Asia-Pacific, the Middle East % Africa. Analysts
predicted a 3.8% decrease. Easterbrook has said that turning around the US business is a
“burning priority.” He’s focusing on convenience &
value after years of losing ground to fast-casual chains.
The strategy includes testing a slimmed-down menu for drive-thru
customers. The stock went up 24¢. If you would like to learn about AAPL, click on this link:
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
club.ino.com/trend/analysis/stock/AAPL?a_aid=CD3289&a_bid=6ae5b6f7
McDonald’s Sales Top Estimates After Europe Outperforms U.S.
McDonald's (MCD)
Stocks are stumbling around, looking for direction & the bulls are not getting help from Greece. The debt mess is getting grimmer by the day. The euro leaders have learned that Greece is not serious about making reforms & are facing a painful decision about extending the loan. Meanwhile the US data is fulls of ups & downs. Dow has fallen to down 10 YTD.
Dow Jones Industrials
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