Christmas. You can see we are set up for a lower open generally speaking on the major averages, s p showing a little more signs of life. European markets, most have been closed for the Christmas Holiday or boxing day as well. So not much to speak of there. Lets get to our own 10year note yield though as we take a look where we stand right now. 2. 483. Crude oil, wti up a few cents and just out the latest shill erin dex shows home prices up 6. 2 in october. That of course year over year from last year lets get to our road map this morning. It does start with apple largest market cap out there, shrinking in the premarket on some reports about next years iphone sales, were going to fill you in. Will this years rally continue as we close out 2017. Finally a retail rebound, how the struggling sector is faring so far this Holiday Season as you may know not too bad. Lets start with apple shares, they are under pressure in the premarket. Reports of sales of the new iphone 10 are slowing accord
Micron, qualcomm, all following. These have been some of the hottest trades of the year is this the beginning of a bigger pullback or should you buy this dip dan . Its a tough one. Obviously we had microns earnings a week and a half ago they beat and got higher they were talking about nand pricing and dram this is a headwind for apples margins, theyre a big customer of apple for me, you have to think about this apple announcement, we see this every quarter whether its hush hush, whisper whisper, theyre not going to have the builds they did on this high end phone thats going to possibly affect their asps. Last quarter expectations were not particularly high because people knew the iphone x would be pushed out later into the calendar q4 and all of a sudden they gave this massive guide for units in this quarter, 85 million. I think at the end of the day you have a stock trading at 170, i think back then it was 160 if they were to come in line and guide, you know, down a little bit, i dont
First, to our lead. We had a slew of big tech earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook after earnings were released. We went through some of the main takeaways. It sounds solid to me. When you look at a device like this, it is incredibly sophisticated. It is at a higher price point. When you consider the replacement cycles for consumers are slowing, i think it is a very strong number. While people like to talk about the high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concern that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. This same situation in the u. S. , japan, the top six out of seven smartphones or
Forces. First to our lead. We had earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook it after earnings were released. It sounds solid to me. A device like this is incredibly sophisticated. It is at a higher price point. I think it is very it is a very strong number. While a high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concerned that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. Every one is the iphone. Not bad, he said, i feel great about that. What do you make of these numbers, given all of this fuss . I think the numbers show it was too expensive. There are different ways to look at this. Apple made a lot of mo
First, to our lead. We had a slew of big tech earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook after earnings were released. We went through some of the main takeaways. It sounds solid to me. When you look at a device like this, it is incredibly sophisticated. It is at a higher price point. The you consider replacement cycles for consumers are slowing, i think it is a very strong number. While people like to talk about the high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concern that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. This same situation in the u. S. , japan, the top six out of seven smartphones or iphon