Peter Cardillo, chief market economist at Rockwell Global Capital, said that the bigger concern for investors is the state of fiscal-cliff talks.
“Get ready for the big political charade out of Washington as lawmakers point fingers at each other and at the last minute probably will announce a deal,” said Cardillo.
“I think the market is aware of this, otherwise it would certainly be a lot lower than it is now.”
Any carrier "shying away" from AAPL is also shying away from the $$$.
AAPL customer loyalty brings with it. AAPL = "sticky" products.
More on Apple:
1) The Oregonian reports several states are vying to host a chip plant believed to be meant for producing Apple's app processors. An Albany paper recently reported of New York's efforts. If the speculation is accurate, TSMC will likely build the plant, with Apple perhaps contributing funds.
2) U.S. hosted e-mail firm Intermedia says its data indicates the iPhone accounts for 68% of smartphone activations among SMBs, evidence of its continued enterprise edge against Android and share gains against RIM.
As we move toward the end of 2012, we are bound to hear talk about how it was a strong year for stocks. And at first glance, it is hard to argue with this fact given the double-digit year-to-date increase on the S&P 500. But in reality, focusing only on calendar year start and end dates to measure returns can be rather deceiving, particularly in the volatile markets over the last several years. For when standing back and viewing markets through a more comprehensive lens, we see that stocks over the last two years have provided far less to get excited about than recent headline returns might indicate. And without the vigor provided by monetary stimulus in the months ahead, stocks would otherwise be destined to thrash about in going nowhere except down.
Intel Corporation trades at 2.12,
Microsoft Corporation at 3.37,
Apple Inc. at 4.24,
International Business Machines Corp. at 10 times book.
Financials broadly will continue to outperform, but more so in the U.S. and in emerging markets. Strength in financial institutions means money is betting that a recovery in the economies of Europe is coming in 2013. Increased lending and yield curve steepening at the end of the day means that the market is betting on a better environment for Europe, which in turn likely means a better environment for the entire globe. While the great re-allocation out of bonds and into stocks did not happen in 2012, we may yet be on the verge of it entering 2013.
Apple Inc. has released its list of the top downloaded apps of 2012, along with its picks for the best apps of the year for the iPhone and iPad.
Starting with the “Editors’ Choice” picks for iPhone, the top game this year is Ubisoft’s Rayman Jungle Run, a side-scrolling game where you tap to jump and try to collect little flying golden creatures.
Nokia has talked with Qualcomm, Microsoft, and Compal about developing a 10" Windows RT tablet, claims sometimes-accurate Digitimes, which adds the device could launch at February's Mobile World Congress Nokia tablet rumors were rife earlier this year.
Early sales of Microsoft's ( Surface RT have been weak, though its distribution, pricing, and ergonomics could have something to do with that. Separately, Bloomberg reports Microsoft has been drawing closer to HTC.
In accordance with :
** I Know First system ** forecast
Goldman, Morgan Stanley near 10% gain in week
Morgan Stanley ups large cap bank sector, Citi among favorites
Reminder: my post from November 15, in this thread:
loaded up with AAPL@536"
per signals from :
**I Know First System**
The final seven weeks of the year promise to be eventful. And despite the recent price action since the election last Tuesday, the potential for a solid upside advance in stocks along the way remains in tact even in the face of ongoing risks.
Research also shows that by 2015 media tablet shipments will reach around 50 percent of laptop shipments and Windows 8 is likely to occupy third position behind Google's Android and Apple iOS operating systems
Google gets more than 90 percent of its revenue from its search-engine business. Microsoft has spent the better part of a decade trying to challenge Google, but has so far, managed to capture only 15% of the market.
Financial markets care less which party's candidate is elected for the White House. Markets focus more on the economic policies that the president will enact. However, all the rhetoric and party ideology does take a toll on financial markets, as evident in financial markets' immediate reaction similar to the one we are observing right now. Hopefully, Congress and the President will put the rhetoric aside and break the impasse on the already unraveling fiscal cliff.
Hurricane-hardened New Yorkers snapped up the iPad Mini today:
Topeka's Brian White reports the flagship 5th Avenue store sold out in an hour.
Lines were much smaller elsewhere, though Piper still thinks 1.5M in weekend sales is possible. Meanwhile, Apple has been banned from selling the iPhone in Mexico under its current name after a court ruled the name is too similar to iFone, trademarked by a local firm in '03. Like the Chinese iPad dispute with Proview, this will probably end with a payoff.
Good hardware only goes so far when its app ecosystem is deficient: that's the common argument found in The Verge's reviews of Nokia's (NOK) flagship Lumia 920 and Google/Samsung's Nexus 10 tablet. The 920's display, design, and (with some qualifications) camera get high marks, and so do the 10's display (considered on par with the iPad), performance, and battery life. But with Windows Phone and (as far as tablets go) Android still badly trailing the competition in terms of app support, neither product gets a resounding endorsement. (WP8 review) (app efforts:
U.S. Stocks fell sharply on Friday, as cheer over better-than-expected employment data gave way to nervousness ahead of the U.S. Presidential election next week.