The 4 R's
Shares of Apple were up nicely this morning after reporting a 75% increase in earnings on strong demand for mobile products. Apple sold 3.27 million iPads, with revenue almost topping that of the decade old iPod; and sold 8.4 million iPhones in the quarter, with sales of the phone now accounting for a third of total company sales.
Focusing on earnings, 19 of 21 S&P 500 companies beat estimates this morning including blue chips United Technologies and Coca Cola, but markets remain jittery. We'll get a look at 2nd quarter GDP numbers next Friday, but Pimco's Bill Gross along with the 4 R's, (Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, and David Rosenberg) are warning of a slow down in growth. Next Friday could set the tone for August - caution is warranted.
With August just around the corner, 3 seasonal trades to take a look at are agriculture, gas and health care. Tune in tomorrow and I'll discuss all three. Until then if you'd like a copy of Scotia Economic's 'Global Forecast Update' ask us at yourlifeyourplan.ca or call 250-868-5525.
GB
Focusing on earnings, 19 of 21 S&P 500 companies beat estimates this morning including blue chips United Technologies and Coca Cola, but markets remain jittery. We'll get a look at 2nd quarter GDP numbers next Friday, but Pimco's Bill Gross along with the 4 R's, (Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, and David Rosenberg) are warning of a slow down in growth. Next Friday could set the tone for August - caution is warranted.
With August just around the corner, 3 seasonal trades to take a look at are agriculture, gas and health care. Tune in tomorrow and I'll discuss all three. Until then if you'd like a copy of Scotia Economic's 'Global Forecast Update' ask us at yourlifeyourplan.ca or call 250-868-5525.
GB
posted by Gordon Bell at
10:19 AM
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