AAPL could snap up TWTR to become to the No. 1 social media stock with APPLE products being advertised every second for nothing if they want.
With a $200 billion stock buyback alone, $50 billion (double TWTR's current market cap) isn't much more than a rounding error for them
Expecting a weak open. If it gets to 127.20, I'm going in. Earnings were a blowout in all key metrics and the "weakness" is a buy the rumor/sell the news" event.
Oh- APPLE now spending $200 BILLION to buy back shares- sand they can start tomorrow.
Looks like I was right. Results much weaker on top and bottom line than expected and forward look isn't as strong as expected either.
Analysts will be lowering estimates and price targets.
My gut says they'll miss EPS and maybe be negative. CAMT dues business in shekels, which have performed poorly against the strong USD over the last quarter. Because CAMT hast to convert currency to USD for reporting, there will be a negative impact on top and bottom lines.
So I sold prior to earnings.
Amateur hour / AH. Will go down by 8 pm and be red tomorrow. Missed on top and bottom line and guidance light.
A 2% miss on (already downward) revised revenue is not a "light" miss. Not enough growth in this engine to support PE multiple- as is true for man S&P stocks right now.
Bed/Bath&Beyond (BBBY) also missed on Q1 revenue in AH, plus bigger miss in earnings. S&P 500 needs a 10% correction (at least) to get back to healthier levels.
True- but didn't they already revise 2015 down quite a bit earlier this year (more than 2%)?
AA had only 7% revenue growth but carries a high-growth PE multiple. Just don't see how this Q1 report will be seen as positive for AA or the S&P in general going forward