Japanese stocks move higher today after the U.S. dollar rose over the 100-yen level for the first time in four years. The Nikkei Average rose 2.5% to 14,546, with exporters leading once again: Mazda (MZDAY.PK +0.5%), Nissan (NSANY.PK +2% ), Fanuc (FANUY.PK +2.8%), Panasonic (PC +3.3%), Komatsu KMTUY.PK]] +6.5%), Trend Micro (TMICY.PK +3%), Sony (SNE +3.9%) and Suzuki (SZKMY.PK +4.3%). [View news story]
Japanese are pumping money into the system twice as fast as the Fed. Nikkei going much higher...
Microsoft (MSFT) adds ZTE (ZTCOY.PK) to its stable of Android licensees a week after having struck a deal with Foxconn. In a blog post, exec Horacio Gutierrez boasts "80 percent of Android smartphones sold in the U.S. and a majority of those sold worldwide are covered under agreements with Microsoft." Though Microsoft keeps terms confidential, the reported royalty rates and Android's staggering growth suggest Android licensing might now be a $1B+/year business, and a key reason why the E&D unit grew 33% Y/Y last quarter in spite of Xbox weakness. Android is almost certainly a more profitable OS for Microsoft right now than Windows Phone. [View news story]
Expect HUGE numbers when this company releases the XBox 720. The XBox brand has many loyal and faithful users who are greatly anticipating the launch of the next platform (720).
Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR) [View news story]
From a technical perspective, at least on the surface, today's close by the S&P 500 below its 50-day moving average should be cause for concern. Not necessarily, says Bespoke Investment Group. At last check, the index had gone 74 sessions without ending below its 50-day average. Bespoke notes that the index has broken below its 50-day moving average after sustained periods of at least 50 days above the mark 13 times over the past decade, and over the month that followed, it actually gained an average of 2.2%. [View news story]
What is fact is that since mid-November when the S&P began its trend higher, prior to each pull back, the number of stocks trading above their 20 day moving average has decreased consecutively implying that the trend higher was being built on the backs of fewer and fewer stocks as time progressed. A correction is long overdue.
After dropping to the lowest level since March 2009 last week, bulls gain 7.5 points to 26.8% in the AAII Investor Sentiment Survey. The long-term average of bulls is 39%. Those bearish drop 6.3 points to 48.2% - still well above the long-term average of 30.5%. From Bespoke is this chart of the SPY vs. the AAII bulls since 2009. [View news story]
Not for nothing, but I don't see much of a correlation between AAII bullish sentiment and market returns.
In what's arguably a shot across Google's (GOOG) bow, Samsung (SSNLF.PK) is partnering with Mozilla on a new browser engine called Servo. Google is the default search engine for Mozilla Firefox, but at the cost of sizable traffic acquisition payments (something unneeded for Chrome and the stock Android browser). Google is already reportedly concerned Samsung will demand higher search revenue-sharing payments for traffic coming from its Android hardware, but Samsung's dependence on Google apps and services limits its leverage for now. [View news story]
In a speech titled "Too soon to relax," San Francisco Fed chief and member of the dovish wing of the FOMC John Williams nevertheless says he thinks we could see substantial improvement in the labor market by summer. "If that happens we could start tapering our purchases then ... we could end the purchase program sometime last this year." [View news story]
Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
It's not that anyone doesn't believe AAPL will enter the TV market, but that this rumor is absurd.
Really, a ring accessory?
They would sooner release a touch screen TV or TV that comes with iPad mini / iPod Touch remote.
Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
Zynga (ZNGA) +5.2% AH on news it will roll out two real-money gambling titles, ZyngaPlusPoker and ZyngaPlusCasino, in the U.K. later this week. That's a little ahead of a prior ETA of June. The games, which are launching in partnership with U.K. firm bwin.party, will initially be available only on the Web and via download - no Facebook or mobile offerings for now. Separately, the WSJ observes Zynga mobile title/Wheel of Fortune knockoff What's the Phrase has made it into the App Store's top-10 rankings. [View news story]
Anyone who looks closely at the popular apps would realize that anything ZNGA touches is MINT. The company needs to improve monetization of their social games though. There is no doubt in my mind that their real money gaming apps are going to knock the ball out of the park.
To no one's surprise, Starbucks (SBUX) customers like the idea of getting Hazelnut Macchiatos at half-price. A Groupon (GRPN +4.6%) deal in which $10 Starbucks gift cards are being sold for $5 has disrupted Groupon's site and (according to a Starbucks spokeswoman) yielded over 100K sales today. The promotion also seems to be giving a lift to Groupon shares, which have a history of seeing Friday short-covering rallies. [View news story]
Looks like the deal has been taken down from Groupon.
While Facebook does allow you to download your profile information, even if you are tagged in photos posted by your friends, the archived file will not include those photos. Only photos that you have uploaded and photos that friends explicitly post to your wall will be included. More often than not a friend will not post every single picture of you on your wall.
Japanese stocks move higher today after the U.S. dollar rose over the 100-yen level for the first time in four years. The Nikkei Average rose 2.5% to 14,546, with exporters leading once again: Mazda (MZDAY.PK +0.5%), Nissan (NSANY.PK +2% ), Fanuc (FANUY.PK +2.8%), Panasonic (PC +3.3%), Komatsu KMTUY.PK]] +6.5%), Trend Micro (TMICY.PK +3%), Sony (SNE +3.9%) and Suzuki (SZKMY.PK +4.3%). [View news story]
Microsoft (MSFT) adds ZTE (ZTCOY.PK) to its stable of Android licensees a week after having struck a deal with Foxconn. In a blog post, exec Horacio Gutierrez boasts "80 percent of Android smartphones sold in the U.S. and a majority of those sold worldwide are covered under agreements with Microsoft." Though Microsoft keeps terms confidential, the reported royalty rates and Android's staggering growth suggest Android licensing might now be a $1B+/year business, and a key reason why the E&D unit grew 33% Y/Y last quarter in spite of Xbox weakness. Android is almost certainly a more profitable OS for Microsoft right now than Windows Phone. [View news story]
Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR) [View news story]
From a technical perspective, at least on the surface, today's close by the S&P 500 below its 50-day moving average should be cause for concern. Not necessarily, says Bespoke Investment Group. At last check, the index had gone 74 sessions without ending below its 50-day average. Bespoke notes that the index has broken below its 50-day moving average after sustained periods of at least 50 days above the mark 13 times over the past decade, and over the month that followed, it actually gained an average of 2.2%. [View news story]
After dropping to the lowest level since March 2009 last week, bulls gain 7.5 points to 26.8% in the AAII Investor Sentiment Survey. The long-term average of bulls is 39%. Those bearish drop 6.3 points to 48.2% - still well above the long-term average of 30.5%. From Bespoke is this chart of the SPY vs. the AAII bulls since 2009. [View news story]
In what's arguably a shot across Google's (GOOG) bow, Samsung (SSNLF.PK) is partnering with Mozilla on a new browser engine called Servo. Google is the default search engine for Mozilla Firefox, but at the cost of sizable traffic acquisition payments (something unneeded for Chrome and the stock Android browser). Google is already reportedly concerned Samsung will demand higher search revenue-sharing payments for traffic coming from its Android hardware, but Samsung's dependence on Google apps and services limits its leverage for now. [View news story]
In a speech titled "Too soon to relax," San Francisco Fed chief and member of the dovish wing of the FOMC John Williams nevertheless says he thinks we could see substantial improvement in the labor market by summer. "If that happens we could start tapering our purchases then ... we could end the purchase program sometime last this year." [View news story]
Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
HAha assinine rumor.
Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
Really, a ring accessory?
They would sooner release a touch screen TV or TV that comes with iPad mini / iPod Touch remote.
My money is on a touch screen TV
Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
Zynga (ZNGA) +5.2% AH on news it will roll out two real-money gambling titles, ZyngaPlusPoker and ZyngaPlusCasino, in the U.K. later this week. That's a little ahead of a prior ETA of June. The games, which are launching in partnership with U.K. firm bwin.party, will initially be available only on the Web and via download - no Facebook or mobile offerings for now. Separately, the WSJ observes Zynga mobile title/Wheel of Fortune knockoff What's the Phrase has made it into the App Store's top-10 rankings. [View news story]
To no one's surprise, Starbucks (SBUX) customers like the idea of getting Hazelnut Macchiatos at half-price. A Groupon (GRPN +4.6%) deal in which $10 Starbucks gift cards are being sold for $5 has disrupted Groupon's site and (according to a Starbucks spokeswoman) yielded over 100K sales today. The promotion also seems to be giving a lift to Groupon shares, which have a history of seeing Friday short-covering rallies. [View news story]
Like, No... Love Facebook [View article]
Like, No... Love Facebook [View article]
Like, No... Love Facebook [View article]