The a few metric i call ou iphone revenue better than expected at 33. 4 billiondollar. Ive nef due 7 a sequential improvement q 23 down 12 . Mac revenue a bit lighter than but wearables home and accessories better than expected at 6. 5 billion and Services Revenue up 18 . Also better than expected. 12. 5 billion the q 1 forecast, mel, apple a. M. Guiding between 85. 5 and 89. 5 the street at 87 billion one of the metric i call out china revenue down 2 . A sequential improvement in q 3. Down about 4 before i did have the chance to catch you have with tim cook we talked about trends and themes. One the competition in video streaming. Apple tv plus launching friday we now know that hbo max launches at 15. Apple tv plus at 5. I asked cook, is that hard and fast is that going to shift the cook telling me you know 5 is where we start but we will see what the future holds. I dont want to lock oh ourselves into one side or the other. We also did talk about supply of some of the new products th
Move higher, stocks surging with the dow gaining more than 250 points energy, consumer discretionary, industrials all leading the way, this as the yield on the 30year bond hit an alltime low so do you trust todays market rally . Guy adami . Hi, mel no, i definitely dont trust it but i will say this. As we get into the later part of this week, into a holiday weekend, theres an old saying steve knows this on the floor never short a dull market you could see the market flowing through over the next couple of days into early next week. I will say it again. I think it will culminate on the down side when the vix trades up to 30. With that said, there are Trading Opportunities here i will do a power pitch in back end of the show. I thought you were going to do it right now. That is going to speak to exactly that. Yes grasso theres another saying too, dont fight the fed. Never short a dull market, dont fight the fed. You have both coming up right now. Do they cancel each other out . No they m
Remember all the talk about airbnb hitting hotels stocks theyre all at 52week highs well explain why this might be the undisruptable space. First, another record for the dow. It was by the classic american stock hitting new highs, boeing up 67 caterpillar 38 . Walmart up 24 , just dollars away from a fresh record how much further can these dow darlings run do you keep buying these classic american stocks even at record highs . Pete what do you think . I think some of these names, absolutely if theyve got the growth or if theyve got something within the Balance Sheet that makes sense to me. I was given flack about this one, it will continue to go up, boeing when you look at this name, we talk about the banks all the time, its a price versus book, right . Were always looking at these various ways of looking at things its not necessarily the pe value. With boeing you have to look at the operating cash flow. If you look at that for bowing, youre looking at a company thats 18 times, compare