econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 27 October 2015

Apple And Twitter Earnings Lay An Egg

by Rick Ackerman, Rick's Picks

It's one thing for DaBoyz to goose the broad averages following last week's earnings announcements from world-beaters Google and Amazon. But what happens when the companies doing the announcing are, respectively, a hoax and a has-been. I'm referring to Twitter (NYSE:TWTR) and Apple (NASDAQ:AAPL), and although some might quibble over the way I've characterized them, the earnings news these companies released after Tuesday's close appears to have laid an egg.

cow.lays.eggs

Initially both stocks spasmed wildly, since that's what stocks do when thieves, rubes and psychopaths are loosed upon each other in thin, after-hours trading. But Twitter has since plunged $8 after making a fleeting high at 33.40; and Apple, after gyrating violently from $111 to $118 in the space of a single bar, has gone comatose in the $114-$115 range, where it had ended the regular session. If the Street's Masters of the Universe were looking for these two companies to lift the broad averages Wednesday morning, they're going to be disappointed.

So why "hoax" and "has-been"? Twitter's problem is that the company has yet to figure out a way to make money. Undoubtedly, that is why the stock has been falling - to a recent low of $21 after peaking post-IPO near $75 in December 2013. The analysts evidently still think TWTR can succeed, but these are the same bozos who have been in love with Yahoo and its wunderkind CEO Marissa Mayer for the last year, as the stock has fallen by half, from $53 to $27. As for Apple being a has-been, while it's true that the $51 billion quarter just announced is not exactly chopped liver, their wristwatch partnership with Hermes and a recently announced foray into the automobile business suggest that the company may have run out of ideas. We shall see. For now, though, Apple bulls had better watch out below when the usual suspects on Wall Street can't goose the stock for a quick 10% gain when earnings cross the tape.


Click here for a free two-week trial subscription to Rick's Picks.. It will give you instant access not only to all of Rick's daily trading 'touts' and intraday updates for stocks, options and index futures, but to a 24/7 chat room that draws veteran traders from around the world.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical Investing Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Investing


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Truth About Trade Agreements - and Why We Need Them
Big Mess in Italy
News Blog
Facebook Strongest On Home Ground
Defence Budgets Are Surging In The Baltic States
It's Been A Turbulent Start, But Juno Is Now Delivering Spectacular Insights Into Jupiter
The World's Most Reputable Cities
What We Read Today 07 December 2016
October 2016 Consumer Credit Headlines Say Year-Over-Year Growth Rate Declined
Disabled Veteran And His Service Dog Get Job At Hardware Store
October 2016 JOLTS Job Openings Rate Shows Insignificant Year-over-Year Growth
Do Rises In Oil Prices Mean Rises In Food Prices?
Are Mobile Phone Payments Secure?
Infographic Of The Day: 12 Reasons To Let Your Employees Play Games
Early Headlines: Asia Stocks Up, Oil Down, House Has Stopgap $ Bill, Trump Sold All Stock, Euro Holding On, May Doubles Down, India Economy Struggles, Oz GDP Contraction And More
President Trump Must Be One-Term, Voluntarily!
Investing Blog
The Real 401k Plan Manager 07 May 2016
Exuberance Returns
Opinion Blog
Italy Confronts The European Elite
The US Government Needs To Spend More
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
07Dec2016 Market Close: Wall Street Records New Highs, Health-Care Stocks Tumble, Crude Prices Stall At $50 Handle, New Fears Of A Correction Are Looming
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved