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Apple Guides Above Expectations for Next Quarter (AAPL)
Tuesday, July 20, 2010 - 4:40pm | 30Apple (NASDAQ: AAPL) sees Q4 earnings per share of $3.44, on sales of $18 billion. Both numbers were above what Wall Street was expecting.
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Apple Destroys Estimates, Stock Shooting Up After Hours (AAPL)
Tuesday, July 20, 2010 - 4:32pm | 33Apple (Nasdaq: AAPL) reports Q2 EPS $3.51 vs consensus of $3.11. Apple reports Q2 revenue $15.7 billion vs consensus of $14.75 billion. Apple is currently trading at $261/share, up $6.61.
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My Best Picks Over The Past Month
Tuesday, July 20, 2010 - 3:27pm | 193US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain. Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares...
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My Best Picks Over The Past Month
Tuesday, July 20, 2010 - 3:27pm | 193US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain. Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares...
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Apple Inc.’s Impact On The Technology ETF (Nasdaq:QQQQ),(Nasdaq:AAPL)
Tuesday, July 20, 2010 - 2:28pm | 217“Serial earnings beater Apple Inc. (Nasdaq:AAPL) reports after the bell today and shares could use another shot of the earnings magic the company has displayed over the past year(...)Read the rest of Apple Inc.’s Impact On The Technology ETF (Nasdaq:QQQQ),(Nasdaq:AAPL) Copyright 2010 ETFDAILYNEWS....
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Market Update: U.S. Equities Slide, Commodities Gain (SPY, GLD, USO)
Tuesday, July 20, 2010 - 1:00pm | 125U.S. equities are trading down early this afternoon, as weak corporate earnings from Goldman Sachs (NYSE: GS) and IBM (NYSE: IBM) weighed on markets. The SPDR S&P 500 ETF (NYSE: SPY) is down 0.5% today. Commodities are gaining in a flight to safe assets. Gold is up $8 to $1190 an ounce. The...
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Take A "Wait and See" Approach To Earnings Says Todd Harrison (AAPL)
Tuesday, July 20, 2010 - 12:48pm | 171Take a wait and see approach this earnings season says Todd Harrison, CEO of Minyanville.com during an interview with Yahoo Finance's Aaron Task. “The reaction to news is always more important than the news itself,” says Todd Harrison, CEO of Minyanville.com. In volatility like this, Harrison says...
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Doug Kass Shorting IBM
Tuesday, July 20, 2010 - 11:50am | 30Seabreeze Partners' Doug Kass is short selling shares of International Business Machines (NYSE: IBM). Only moments ago, he tweeted, "shorting IBM NOW."
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Markets Fight Back From Steep Losses
Tuesday, July 20, 2010 - 11:40am | 262The markets gapped lower on the back of earnings from International Business Machines Corp. (NYSE: IBM), Texas Instruments Incorporated (NYSE: TXN) and Goldman Sachs Group, Inc. (NYSE: GS). While the earnings of all these companies came in better than expected, the common theme of a miss on...
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S&P Wreaking Havoc On Bears
Tuesday, July 20, 2010 - 11:40am | 233Today Mr. Market has been utterly ruthless on the bears. We gap way down on not-so-great earnings from Goldman (GS), IBM (IBM), and Texas Instruments (TXN), and despite those efforts the bulls manage to, once again, go on a buying spree off of the lows. I warned of a possible gap fill from this...
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Euro Falls From 2-Month High Against Dollar (FXE, UUP)
Tuesday, July 20, 2010 - 11:34am | 169The Euro retreated from a 2-month high against the dollar Tuesday, as investors took profit ahead of European bank stress test results. The Euro is at $1.290 in mid-morning trade. "We've just seen a decent round of profit-taking. There is concern about the stress tests results," said John McCarthy...
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Market Has Strong Bid Today
Tuesday, July 20, 2010 - 11:23am | 418Dip buyers are working in earnest today... I assume anticipating the blowout Apple (AAPL) earnings tonight. If there is any company that won't "sell on the news" it will be Apple but even this 'general' has a chart that is looking in trouble. IBM has also reversed nicely after opening below its...
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Stock Market News for July 20, 2010 - Market News
Tuesday, July 20, 2010 - 10:40am | 574Some optimism returned to the Street on Monday after Friday’s hammering, helping stocks post modest gains even as investors confronted some conflicting signals about the economic recovery and mixed earnings reports. However, even as demand for riskier assets rose, investors proceeded with caution...
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David Einhorn Said His Fund Bought AAPL Shares In Q2
Tuesday, July 20, 2010 - 10:05am | 247In an article on Bloomberg, David Einhorn, the manager of hedge fund Greenlight Capital Inc, disclosed that he has bought shares of Apple Inc (NASDAQ: AAPL) in the second quarter. According to Einhorn, the growth of AAPL is undervalued. In a letter sent to Greenlight Capital’s shareholders on July...
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The Daily Long & Short Setup
Tuesday, July 20, 2010 - 9:25am | 122Since the trading plan was posted, the S&P continues to tinker with about 1% in losses. Goldman Sachs (GS), along with IBM (IBM) and Texas Instruments (TXN) continues to weigh the market down. As I am writing this, I just got stopped out of SCHN on a stinkin' upgrade from UBS. I could have done...