(Alcoa) AA, LMNR, and SNX
HIS and KBH
JPM and WFC
BAC, Citigroup, BLK, and LEN
GS, SCHW, PNC and CMA
Sentiment: Strong Buy
Wandering around the China section of the CES trade show in Las Vegas we found one company that's already making fake Apple Watches.
These booths are mostly filled with companies that do manufacturing, and people that do not speak much English. So, it's hard to say what's really going on here. There wasn't any real software on them, so we have no clue what they're for.
Audio-equipment maker Monster LLC and its chief executive sued Apple Inc.’s AAPL, +1.58% Beats Electronics LLC, its co-founders Jimmy Iovine and Dr. Dre, and Taiwanese smartphone maker HTC Corp. for allegedly conspiring to dupe Monster out of a deal with Beats before the company was sold to Apple for $3.2 billion last year.
NEW YORK (MarketWatch) — Energy stocks have led the market lower in the past week, but Apple Inc. — the largest stock by market cap — isn’t offering any support.
The tech titan’s stock was trying to snap a five-session skid on Tuesday, and it’s down more than 10% from a November peak, putting the stock in what’s often called correction territory.
Is Apple AAPL, -0.55% mostly a victim of the market selloff? Or is the iPhone maker helping to lead the way lower?
Apple is the largest company in the world by market value, and the biggest in North America by net income. Its success has been driven in large part by the most successful technological product ever: the iPhone.
NEW YORK (MarketWatch) —Apple Inc. stock has breached a technical level that could signal further weakness, according to one investor.
Shares of the iPhone maker were last down 3.1% at $106.03, pushing below its Dec. 16 low.
Andrew Nyquist, an investor who runs the finance and economy blog See It Market, said on Friday that a break below $108 “should warn of lower prices,” while a drop below the $106.26 low of Dec. 16 “may warn of a retest of $100.”
BOSTON (MarketWatch)—Low long-term interest rates signal that the Federal Reserve’s coming increases could be bumpy for investors, Eric Rosengren, the president of the Boston regional branch of the U.S. central bank, said Saturday.
The 10-year bond’s current 2.15% yield is “not a rate that is going to be sustainable in a completely normalized economy, which does imply the 10-year rate at some point in the normalization process will not be as low as it currently is,” Rosengren told the American Economic Association.
That indicates that there may be “bumpier ride” than the prior two Fed tightening cycles in 1994 and 2004 “just because there needs to be an adjustment at some point along the cycle,” Rosengren said.
The Boston Fed president also noted that it is also “unusual” how much the stock market has risen before the first rate increased compared with the last two periods.
10 a.m. : Motor vehicle sales for December
10 a.m. : ISM nonmanufacturing for December
10 a.m. : Factory orders for November
8:15 a.m. : ADP employment for December
8:30 a.m. : Trade deficit for November
2 p.m. : FOMC minutes
8:30 a.m. : Weekly jobless claims
3 p.m. : Consumer credit for November
8:30 a.m. : Nonfarm payrolls for December
8:30 a.m. : Unemployment rate
10 a.m. : Wholesale inventories for November
Sentiment: Strong Buy