Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
Don't worry about it. I heard Russian mobsters are pretty forgiving.
Apple's Cash Hoard Is An Asset, Not A Liability [View article]
Every AAPL holder's argument begins with "if you exclude cash." That can rest on it's own as long as they continue to raise cash at the same rate. Sadly, they are not.
Interest in purchasing an iTV (AAPL) is more than twice the initial interest in buying an iPhone or iPad, says Morgan Stanley's Katy Huberty, with many consumers willing to pay a "meaningful premium." Success of the product, she says, could mean about $50B in revenue upside for Apple. Shares +0.5% premarket. [View news story]
MS and other i-banks grasping at thin straws to support price, imho. They're probably unwinding their trades.
Tesla Motors (TSLA -1.8%) is under investigation over whether or not the electric vehicle automaker used its foreign trade zone status to bypass requirements that it buy parts from American companies. Though the issue will draw attention with Tesla a bit of a political lightning rod, a tweet from Elon Musk indicating the company was narrowly cash flow positive last week could balance sentiment. [View news story]
That is absolutely ridiculous. This is the kind of red tape which makes companies not want to operate here.
Bear No More - It's Time To Get Beta In China [View article]
Baidu...Tencent... RennRenn... All of which had astronomical returns, which I was lucky enough to be a part of.
However, if you don't feel comfortable trading these stocks - I would recommend ODMAX, Oppenheimer's em. mutual fund. I had a chance to speak to the PM, the guy is an absolute genius.
Apple (AAPL) announces the iPhone 5 will go on sale in China on Dec. 14, and the iPad Mini and 4th-gen regular iPad on Dec. 7. That gives Apple a little over 2 and 3 weeks, respectively, to rack up (authorized) Chinese sales of the devices in FQ1. The iPhone 5 launch was widely expected, given regulatory approval and China Telecom's (CHA) pre-orders. Separately, Apple has begun selling the iPhone 5 unlocked in the U.S. at prices ranging from $649-$849. (PR) [View news story]
The selloff in Apple (AAPL) has reached the point of "insanely insane," says Topeka's Brain White, arguably the Street's biggest bull on the stock. Uber-bull or not, maybe he's got a point. Those selling Apple at a sub-10 PE while holding onto or buying Company X - with no earnings growth, selling at a 20 PE, but yielding 5% - may look back one day and wonder what they were thinking. [View news story]
Having trouble understanding your comment but if you're using 30,000USD to only book a 900 profit is like playing Russian Roulette.
I don't exit options unless I've made 75% or I've lost 40%. A single intraday reversal would destroy your position.
S&P 500 futures reflexively drop a couple of handles after the big jump in initial jobless claims, but the effect from Hurricane Sandy is in play as apparently NY didn't report last week, so we got it all this week. It's also the first key post-election economic number. Does Jack Welch care to comment? S&P -0.2%. [View news story]
S&P 500 futures reflexively drop a couple of handles after the big jump in initial jobless claims, but the effect from Hurricane Sandy is in play as apparently NY didn't report last week, so we got it all this week. It's also the first key post-election economic number. Does Jack Welch care to comment? S&P -0.2%. [View news story]
This is such a ridiculuos post. So what, a hurricane is grounds for firing everybody? Give me a break. Two states did their own estimates and four others didn't even participate.
Market preview: Stock futures are higher and EU shares are mostly in the green as investors focus on China's increasing exports rather than Japan's expected slide back into recession. The Greek parliament's passing of the 2013 budget is also apparently providing cheer despite the eurozone's unwillingness to release the latest tranche of the country's bailout. The S&P benchmark is +0.3%. Jeffries soars 22.5% on news it's being acquired. [View news story]
Greek news is terrible. Fine print: figures exclude outlays by state-controlled enterprises
Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
Apple: Zero Growth ... Really? [View article]
Premarket gainers: SFLY +17%. MUSA +13%. GDP +12%. AAV +8%. MBI +6%. CERN +5%. ZNGA +5%.
Losers: CHRW -7%. GME -5%. [View news story]
Apple's Cash Hoard Is An Asset, Not A Liability [View article]
Apple's Cash Hoard Is An Asset, Not A Liability [View article]
Interest in purchasing an iTV (AAPL) is more than twice the initial interest in buying an iPhone or iPad, says Morgan Stanley's Katy Huberty, with many consumers willing to pay a "meaningful premium." Success of the product, she says, could mean about $50B in revenue upside for Apple. Shares +0.5% premarket. [View news story]
Tesla Motors (TSLA -1.8%) is under investigation over whether or not the electric vehicle automaker used its foreign trade zone status to bypass requirements that it buy parts from American companies. Though the issue will draw attention with Tesla a bit of a political lightning rod, a tweet from Elon Musk indicating the company was narrowly cash flow positive last week could balance sentiment. [View news story]
Bear No More - It's Time To Get Beta In China [View article]
However, if you don't feel comfortable trading these stocks - I would recommend ODMAX, Oppenheimer's em. mutual fund. I had a chance to speak to the PM, the guy is an absolute genius.
Apple (AAPL) announces the iPhone 5 will go on sale in China on Dec. 14, and the iPad Mini and 4th-gen regular iPad on Dec. 7. That gives Apple a little over 2 and 3 weeks, respectively, to rack up (authorized) Chinese sales of the devices in FQ1. The iPhone 5 launch was widely expected, given regulatory approval and China Telecom's (CHA) pre-orders. Separately, Apple has begun selling the iPhone 5 unlocked in the U.S. at prices ranging from $649-$849. (PR) [View news story]
The selloff in Apple (AAPL) has reached the point of "insanely insane," says Topeka's Brain White, arguably the Street's biggest bull on the stock. Uber-bull or not, maybe he's got a point. Those selling Apple at a sub-10 PE while holding onto or buying Company X - with no earnings growth, selling at a 20 PE, but yielding 5% - may look back one day and wonder what they were thinking. [View news story]
I don't exit options unless I've made 75% or I've lost 40%. A single intraday reversal would destroy your position.
Statistically, you're playing a losing game.
S&P 500 futures reflexively drop a couple of handles after the big jump in initial jobless claims, but the effect from Hurricane Sandy is in play as apparently NY didn't report last week, so we got it all this week. It's also the first key post-election economic number. Does Jack Welch care to comment? S&P -0.2%. [View news story]
S&P 500 futures reflexively drop a couple of handles after the big jump in initial jobless claims, but the effect from Hurricane Sandy is in play as apparently NY didn't report last week, so we got it all this week. It's also the first key post-election economic number. Does Jack Welch care to comment? S&P -0.2%. [View news story]
Initial Jobless Claims: +78K to 439K vs. 376K consensus, 361K prior (revised). Continuing claims +171K to 3.33M. [View news story]
Is Apple Losing Its Innovating Touch? [View article]
Market preview: Stock futures are higher and EU shares are mostly in the green as investors focus on China's increasing exports rather than Japan's expected slide back into recession. The Greek parliament's passing of the 2013 budget is also apparently providing cheer despite the eurozone's unwillingness to release the latest tranche of the country's bailout. The S&P benchmark is +0.3%. Jeffries soars 22.5% on news it's being acquired. [View news story]