Stock futures and gold - negative after the Fed's James Bullard said an October taper is possible but would depend on economic data
Apple has over $100 billion in cash, equivalent to more than $110 per share, and it pays a 2.6% annual dividend -- which represents only 10% of its current cash holdings.
Backing out the cash, AAPL trades with a trailing PE of 9 and a forward PE of 9.2
The most likely market support will come from just a few stocks.
** CITIGROUP INC the winning stocks are: NOK, AAPL, C
*** I KNOW FIRST algorithmic system: C, HPQ, NOK
**** J.P.Morgan : C, IBM, HPQ
Good Luck !
For the coming week, the outcome Wednesday of the Fed’s policy meeting remained a key risk event for the metals markets, with Kitco citing Archer Financial Services market strategist Adam Klopfeinstein as saying Friday that the Fed would likely announce a slowing of its monetary stimulus, sending gold prices lower.
Siri seems to exit ‘beta’ with iOS 7:
Since 2011, Apple has been slowly improving the service. In early 2012, Siri gained support for Japanese, and with iOS 6 in late 2012, the service added support for several new languages and capabilities. With iOS 7, Siri has been given a redesigned user-interface, new functionality, and all-new voices. Many of the server errors and lengthy processing time issues that riddled the product in its early days have now disappeared; and it seems that Apple agrees. With the upcoming launch of iOS 7, it appears that Apple will finally be taking Siri out of “beta.”
In addition to the taper decision, this week we will learn about
the first look at Fed’s economic projections for 2016
Fed officials will give us their initial forecasts for growth, unemployment and inflation for 2016. Just as important will be the projections of the Fed’s short-term interest rate target.
Gold prices are trading higher this morning on the back of a weaker greenback. ...
Going ahead, be tuned to gold-prediction site.
The U.S. dollar traded lower Monday after former U.S. Treasury secretary Larry Summers removed himself from consideration to be the next head of the Federal Reserve.
Asian markets and the futures are GREEN
Doug Coté, chief market strategist at ING U.S. Investment Management, said he expects the central bank to announce a “full taper” on Wednesday. That means a reduction of about $20 billion in the Fed’s monthly bond buys, he said. Each month, the central bank has been purchasing $85 billion worth of Treasurys and mortgage-backed securities.
I Know First algorithmic system is also positive on the next markets direction
JPMorgan puts the enterprise value of New Nokia between $26.9B to $34.8B, corresponding to approximately $6.5 to $9 per share. Notably JPMorgan puts a lot of value in IP, ranging from $5.3B to $10.6B, whereas HERE is valued 'only' at $1.3B. NSN's enterprise value ranges between $8B and $16B in the models and parameters used.
Can Apple's boom and bust be compared to those of Microsoft (MSFT), Cisco (CSCO), Intel (INTC) , and other tech companies during the dotcom bubble?
Bubbles are notoriously hard to predict and many neo-classical economists even deny their existence. There are some notable bubbles such as the Nikkei bubble in the 80s, the dotcom bubble in the late 90s, and the American real estate bubble leading to the recent Great Recession. Now the question being asked is whether Apple's spectacular rise, which began in the second quarter of 2009, was also a bubble.
Alcoa says the composition of the DJIA "has no impact" on its ability to execute its strategy: "We are focused on the things we can control, pressing our innovation edge and strong position in end markets, while lowering our cost position in our commodity business."
RBC analyst Mark Sue values the New Nokia at $7 per share. Sue points out that after the deal Nokia will have $10.7B in net cash, will collect $670M annually from Microsoft, and will have potential to collect another $670M annually from non-Microsoft entities.
Bank of America / Merrill Lynch analyst Didier Scemama has upgraded Nokia from 'Neutral' to 'Buy', raising the price target to $7.07 per share. He sees limited downside risk to $5.3, and upside potential to $8.90. He estimates that New Nokia would have larger than $0.47 per share earnings power.