Apple yesterday disappointed investors with weaker than expected fourth fiscal quarter earnings, despite a 24% year on year increase, due to the impact of delayed purchases of iPhones and iPads ahead of new launches and also higher manufacturing costs. Apple’s shares finished down 1.2% at $609.5 in normal trading, and initially moved lower in…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 26 October 2012 UK Corporate Announcements African Barrick reports Q3 results sales of $265m down from $354m and net income of $29m and sees full year production under the lower end of the expected range Elementis states that it sees many opportunities…
My appearance on CNBC on Tuesday was the first in 6 years – basically in 2006 I decided there was going to be financial Armageddon (2 years too early!) and I did not want to be either the bad guy saying that we are doomed and the FTSE 100 is going to halve or not…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 25 October 2012 UK Corporate Announcements Segro states that it has achieved its disposal target in today’s interim management statement Debenhams announces full year total sales gained 2.6% and a pre-tax profit of £158m from £160m Anglo American details that it is moderating…
The “Aussie” received some bullish news on Tuesday evening with the release of the CPI figures and which rose more than expected. Preliminary Chinese PMI figures also grew from the last report. The news gave a boost to the Aussie, gaining more than 50 pips overnight. Today, in contrast, weak eurozone PMI data put some…
Interesting commentary released by a few brokers in recent days regarding current sentiment levels in the market, although it has to be said with a US bias. It seems that sentiment indicators have had a further modest shift away from the optimism that accompanied the 14-Sep highs in the US & UK. The bulls dropped to 41.5% from 42.6%…
Plenty of action in the tech space yesterday, with Apple announcing the new iPad Mini, the 7 inch tablet. Though its premium price worried some investors, sending the shares down over 3% to $613 in regular hours trading. Netflix, the online movie company’s shares dropped 15% to $58 in after hours trading after reporting…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 24 October 2012 UK Corporate Announcements Home Retail announces H1 sales of £2.53bn down 1% and states that a review identifies it needs to invest in its Argos unit and targets £4.5bn of Argos sales by full year 2018 and continues…
Throughout the last month we have been suggesting that there is a cracking opportunity to invest in Chinese stocks, given the serious undervaluation on almost every measure and certainly relative to developed markets like the US & Northern Europe aswell as other emerging markets. The last signal it seems we need is for Anthony…
More commentary in recent days on the real reason for “the wizard of Oz” Greg Coffey’s departure has piqued my own interest. After a stellar run prior to joining Moore Capital, Coffey succumbed to the immutable law of diminishing returns with his two emerging-market funds losing 16% and 2.3% respectively over the last couple of…
