Financial Review

Earnings Season Playlist


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…..A deluge of earnings reports. The end of Google Fiber? New home sales up, inventories tight. Trade deficit declines. NATO flexes muscle. Microsoft wants to be cool. Watson aims at ubiquity. Friends don’t tag friends on Facebook. Financial Review by Sinclair Noe for 10-26-2016 DOW + 30 = 18,199 SPX – 3 = 2139 NAS – 33 = 5250 10 Y + .03 = 1.79% OIL – .76 = 49.20 GOLD – 6.40 = 1267.70   After the closing bell yesterday, Apple reported its first decline in annual revenues in over a decade, profit just barely beat expectations. Apple forecast higher sales in the holiday quarter but that doesn’t seem to be enough to motivate investors. Meanwhile, iPhone sales continued their decline, falling 5% from the previous year, although that’s an improvement from the 15% drop seen in fiscal Q3. Apple’s cash pile also continued to swell to a record of over $237 billion – if that was its own public company it would be the world’s fourteenth largest. Apple is still making money, about $9 billion in profits in the last quarter, but the bigger question is “what’s next?” The answer comes tomorrow, as Apple introduces the next generation of its MacBook laptop. And maybe something to do with Apple TV – possibly a playlist for TV. We’ll see.  Apple sank 2.3 percent in today’s trading.   Boeing shares were trading at their highest level this year, after the world’s largest plane maker reported a jump in quarterly profit ...
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Financial ReviewBy Sinclair Noe