Tenmonth high. And check this out, since last friday, the dow has added 127 points. Of that, apple has accounted for 85 points. The question is simple. Is apple saving the markets . And if so, should you feel better about where we are right now in the markets . Tim . Apple is not saving the markets. 85, 127 points . Come on. Look at retail today. Is apple pushing up jcpenney, nordstroms . Emerging markets are up 2 today. Volatility is plunging, not because apple is the dream stock, and actually their camera is pretty good. Apple is rallying because samsung is very weak because apples expectations were de minimis. And so yes, apple should be doing what its doing. But to say if apple was not doing this, which i think is the question youre asking, would the markets be rallying . I think yes, they would be. We overreacted to the comments, we assumed fed was not going to act to acting way too much. This is not a place where you can move too quick on Interest Rates. Volatility has fallen. Fe
Target to 1,000 a share. And with the gap reporting, if that is where it stands, it is not a pretty picture. And steph any link with amazon, and you bought the stock today . Well, i did, and i have been underweight, and it is painful. It reminds me of the g. E. Story last year where not a lot of people owneded it and it crept higher, but it is doing well suns the report, but it is a disrupter, because they are killing everybody, and it is hard to ignore if you will. And they aws is the exciting part of the story, but that grew 64 , and the margins expanded 5 in that segment alone with 27 growth in north american retail, and these are the numbers that you cannot ignore. And the port fol e owe wants a big a part of the benchmark, so i nibbled. And you have said on this program, that those would not allow you to go near it . It is very hard, and i missed a nice move as a result of that, and you have to separate why, and figure out why do you want to own it . For the retail piece or the cl
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worries over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worri over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As we
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to worries over china, emerging economies, Interest Rates. And if you look at that and then reflect it to our quarter, i think you see quite a bit of resilience in there. Morgan brennan has more on alcoas quarterly results. Reporter alcoa earnings and revenue missing expectations with the biggest drag coming from its primary metals segment or the aluminum giants smelting and refining operations. The company reporting a 59 million loss in that division as Aluminum Prices have plunged 25 this year. As