Almost text book trading, bounced off 50 % retracement, bounce up to gap from earnings miss, then next leg down to 85, 61.8 % retracement level. Folks interested in trading should study this; it's an important lesson.
Earnings were bad, but the miss was not so large to justify the large gap down.
I think Gilead's inaction to fill the earnings gap from increased competition and increased discounts is getting priced in. With the cash on hand investor's would like to see a clear path to maintain the current earnings levels.
I'm a long term investor, have been in Gilead for ten years, and will hold another ten, at least. Got quite a few shares, and of course it hurt,
You're correct, the average estimate target price already came down to 125. Obviously the gentleman above hasn't experienced earnings drying off with the subsequent share price drop. Watch and learn. Investing in markets is very expensive until you learned your lessons...
Apple’s net profits dropped 22% to $10.5 billion from $13.6 billion in the same quarter a year ago.
Gross margins fell to 39.4% from 40.8%, not so bad, but for its third quarter, Apple is predicting a continuing decline in margins, to 37.5%.
The new model SE will further stress margins and Apple will have a hard time to maintain its margin and profitability.
Knowing that the phone is the lifeblood of Apple, the margin concerns are real concerns for the stock value.
The message is clear and the writing is on the wall. Apple topped out and has nowhere to go. It will take years for Apple to catch up with innovation, if ever, and as revenue drops the PE will sky-rock quickly. Right now Apple is a one trick pony, and the symptoms observed at Apple have been observed at Blackberry, Nokia, Microsoft, etc. There is no more innovation at Apple and the great marketing machine at Apple can take the products only so far, the Ipad is proving itself a fad, Apple pay a flop nobody is using, Iwatch a flop nobody is using and the only product, the Iphone is becoming a true commodity, and eventually will be replaced by a new innovation by an upcoming new company. Apple is on borrowed time.