Nov 13, 2014 6:00 PM CT
Nov. 14 (Bloomberg) – In today’s “Bart Chart,” Bloomberg’s Mark Barton takes a look at the valuation of Apple shares compared to the Russian stock market. He speaks on “Countdown.” (Source: Bloomberg)
If you owned Apple Inc. (AAPL), and sold it, you could purchase the entire stock market of Russia, and still have enough change to buy every Russian an iPhone 6 Plus.
The CHART OF THE DAY shows the total market capitalization of all public companies in the world’s largest country slipped below that of the world’s most-valued company for the first time on record. The gap, at $121 billion on Nov. 12, is about the price of 143 million contract-free 64-gigabyte iPhones, based on Apple Store prices.
The value of Russian equities has slumped $234 billion to $531 billion this year, while Apple gained $147 billion to $652 billion, according to data compiled by Bloomberg. The technology company’s innovation and brand value attract investors, while Russia’s political conflicts, sanctions and the threat of economic stagnation next year make them nervous, according to Vadim Bit-Avragim, a portfolio manager who helps oversee about $4 billion at Kapital Asset Management LLC in Moscow.
“Apple works with shareholders to maximize returns and is based where property is protected by law,” Bit-Avragim said. “In Russia, the legislative protection for property is not as good, most state-run companies have poor corporate governance, resources are concentrated in state hands and borrowing costs are shooting up. After all this, when you get involved in conflicts with your neighbors, it becomes very hard to persuade investors from all over the world to invest here.”
are you pumping this junk to try and get out at break even?
Reply to Any one from this Message Board adding PBR in last few days???? by handsome868 •Oct 30, 2014 8:35 AM
giovannidimauro • Oct 30, 2014 9:57 AM Flag
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I started buying heavy for me from 11.41 to 10.75 premarket on monday, long till 16 to 20
That could happen sooner then we think. The lawyers are going to be sending notices of lawsuits against PBR with what Wall Street wrote tonight, only 18 people in PBR indicted LOL
this stock opened at 9.51 and closed up high in the red at 9.95, Monday it should tank a dollar which is reasonable, I have my buy set at .60 cents and it should get there by next election
I take it your short oil and lost money today,,,,,,,
by tse79 • 16 hours ago Flag
Can anybody tell me if it's too late to short rallies in USO? Can anyone guess as to what inning we're in in this bear avalanche? I'm guessing the bottom will be around 68 on WTI oil, and 25 for USO, but it's hard to tell. At 70, I heard OPEC would have to step in and cut output, but not before. And looks like we'll get there before the Nov 27 OPEC meeting.
Hello Billy no worries, the news is out, the House just passed the Keystone pipeline, glad I bought UWTI which is a triple oil ETF and GASL, next week should be fun, I enjoy getting lucky once in awhile.
WASHINGTON (MarketWatch) -- The House of Representatives passed a bill Friday approving construction of the Keystone XL oil pipeline. The bill is sponsored by Rep. Bill Cassidy, the Louisiana Republican who is facing Democrat Mary Landrieu in their state's Dec. 6 Senate runoff election. The Senate is poised to vote on a Keystone bill next week. Earlier this week, a White House spokesman said the Obama administration takes a "dim view" of legislation to force construction of the project -- but didn't directly say President Barack Obama would veto it if it reaches his desk.
Hey Billy I just added more UGAZ at 13.09 but should have bought earlier will wait incase it drops but at 13 its a great price, also bought GASL at 11.50 and a triple long oil UWTI at 14.66 since Saudi`s said no oil war, good luck
SAN FRANCISCO (MarketWatch)—Saudi Arabia’s oil minister left oil markets confused about what direction, if any, the kingdom and OPEC will take to stop oil prices’ free fall, and oil futures traded at fresh multiyear lows on Thursday.
The decline was so pronounced that a surprise larger-than-expected decline in U.S. crude inventories didn’t move the needle, and New York-traded oil futures settled at their lowest since Sept. 21, 2010.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ4, -3.74% fell $2.97, or 3.9%, to $74.21 a barrel. Futures had settled Wednesday at a three-year low.
December Brent crude LCOZ4, -3.17% on London’s ICE Futures exchange fell $2.46, or 3.1%, to finish at $77.92 a barrel. That was Brent’s lowest settlement since Sept. 9, 2010.
In his first comments in months, Saudi Arabian Oil Minister Ali al-Naimi said he sees no “price war.”
Saudi’s oil policy has been constant and has not changed today, he said. Saudi Aramco, Saudi Arabia’s state-controlled oil company, prices oil according to a host of factors including the state of the market, refinery margins, and long-term relationships with customers.
“Talk of a price war is a sign of misunderstanding—deliberate or otherwise—and has no basis in reality,” he said.
Saudi Arabia is the largest producing OPEC member and the world’s No. 1 crude exporter.
Al-Naimi “left his country’s attitude toward the OPEC meeting due to take place in two weeks entirely unclear,” which caused a further slide in oil prices on Thursday, analysts at Commerzbank said in a note.
“All he talked about was wanting to have a stable oil market and steady prices and not wishing to engage in a price war. In other words, everything would be fine in al-Naimi’s eyes if the price were to stabilize at its present level,” the analysts added.
OPEC reported Wednesday a slight decline in production from its member countries, but that drop was matched by increases in production elsewhere
Hello Mike, a lot of people left YM and i dont blame them, since i know were they are i will probably join them and stay there rather then the YM, this place isnt monitored like it should be, good luck
i bought in at 10, 11,12,13 and rode it up and sold the 11,12,13 and kept the 10`s as a cushion, i didnt expect a big drop like this but will add more on the drops, it will run back up and i will make profits again
hello billy with weekly options ending tomorrow and bears in control, i am hoping to get more UGAZ in the 11 to 12 range, di buy some today at 13.09 which was cheaper then what i wanted to start buying more, plus charts show it still has room to drop, good luck
Got more at 13.09 and still have most of my low cost ones at 10.39, i hope to see UGAZ hit low 11`s plus its snowing here and i am 50 miles east of Chicago, good luck everyone
Probres, ask the SA writer what it cost to produce a barrel of oil in the Blakkens, then ask him if their is a spread between the Blakken oil which is LLS verses WTI, Blakken gets 10 dollars a barrel less then what WTI is going for, as of today they get 67 dollars a barrel. So you will see oil production come to a halt until oil gets back up in price. Also oil that we are buying from the Arabs at cheap prices has to be in floating storage at sea like in 2009 to 2011 when it paid off. If oil inventory is down again tomorrow then that's proof oil is sitting out at sea. Next will be end of the year inventory and oil companies don't want that oil on land to be taxed on. Oil sitting out at sea with less inventory drives up oil prices, then they bring it in the first of the year and slowing drive oil prices back down.
A powerful dock workers union is pushing the Puerto Rico government to seek restitution from Horizon Lines for tax breaks and other incentives in light of the shipper’s plan to pull the plug on its operations in the U.S. Caribbean territory.
Efraín Robles, president of the International Longshoremen’s Association’s Local 1575, said Horizon’s exit from Puerto Rico will cost 800 jobs, including 600 members of the union.
Robles said he had been seeking answers about Horizon’s plans since July, when CARIBBEAN BUSINESS reported that the company was looking to sell its Puerto Rico unit.
“Once again it is shown that businesses put profits above the well-being of workers and the general public,” he said.
The union chief said Horizon’s business in Puerto Rico represented about 2,000 cargo loads per week in goods for the domestic market.
“We call on the governor to require Horizon to pay back all tax breaks and restitute all subsidies and incentives,” Robles said.
Charlotte-based Horizon said Tuesday it will cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability.
Horizon also announced that it has entered into definitive agreements for a series of transactions that will result in the sale of the entire company, the first being the sale of its Hawaii business to The Pasha Group, followed by Horizon’s subsequent acquisition by Matson, Inc.
Horizon’s decision to terminate its Puerto Rico service is independent of those transactions, and the company intends to cease operations between the U.S. and Puerto Rico whether or not the transactions with Pasha and Matson are consummated.
“We have a 56-year history in the Puerto Rico trade and truly value the relationships we have established,” said Horizon President & CEO Steve Rubin. “Unfortunately, a combination of factors, including uncertain prospects for the Puerto Rican economy, losses over recent years and more expected going
I guess Brenda guess what your comment could be. Regarding giving facts I gave them but Brenda didn't like the real facts, I don't fight and argue with people like you do. You might want to look in a mirror and see if you laugh and attack people a lot,,,,,
red_tsar • 7 hours ago Flag
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How's that opportunity cost feeling right about now?
SAN FRANCISCO (MarketWatch) -- U.S. crude supplies dropped by 1.5 million barrels in week ended Nov. 7, the American Petroleum Institute said Wednesday, according to reports. The trade group's weekly supplies data comes a day later than usual due to the Veterans Day holiday. More closely watched weekly data from the Energy Information Administration is due Thursday, also a day later due to the holiday. Analysts polled by Platts expect the EIA to report a decline in crude supplies by 500,000 barrels on the week. Oil futures closed at a three-year low on Wednesday after OPEC said a decline in its production was nearly matched by an increase in supplies from oil-exporting countries outside the cartel.
Short selling was ILLEGAL, Naked short selling was LEGAL bid difference, and I said months ago I wouldn't touch a greek bank stock, this is going under 10 in a few months :) The European Commission said a European framework would be more effective, and the chairman of the European Securities and Markets Authority urged policy makers to adopt a plan for bloc-wide rules on short selling "as quickly as possible."
Short-selling is the process through which an investor borrows shares and sells them on the expectation their price will fall and they can be bought back at a lower price.
In a naked short sale, the investor has not borrowed the share, but still bets on a drop in the share price.
Market players said the ban did not tackle the root causes of investors' concerns -- joined-up, long-term fiscal policy in the euro zone - and pointed out that nervous mutual funds were currently behind the sell-off.
"If at the core of this whole rout is disappointment with certain irresponsible behaviors of policymakers -- note the game of chicken in the U.S. -- they really need to get their act together and prove they aren't all on holiday," said Lothar Mental, chief investment officer at Octopus Investments.
A crackdown on speculative short-selling is unlikely to arrest moves from institutional investors who now have little stomach for big holdings in banks and indebted governments who might call on them again for emergency capital.