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
But still, a very nice performance relative to the markets or the average hedge fund there. Continuing to do well. They, of course, are no fans of zero Interest Rate policies, and they talk about that at some length in this letter as they often do. Recall that last quarter they talked about the biggest bond bubble in history may be where we are now. Now theyre saying the macroenvironment that concerns us the most is accelerating inflation, which is interesting because there have been concerns here about the opposite in the market. This may seem like a strange thing to worry about under the current circumstances, but the tide towards inflation could turn rather abruptly for a number of reasons. They go on to say that if you had a quick spike up in inflation, the Immediate Impact could be the collapse of bond prices and possibly but not inevitably a stock market crash. Now, a couple of other things, scott, that i think are points of interest. In terms of gold, they say we s been. Its the
Ai apple has moving to the desktop. Lets bring in cory johnson who joins us from the Apple Worldwide Developers Conference in san francisco. Take us through the announcements we have had thus the makeoverabout series was due to get. What have we learned . The biggest news is probably siri moving from the ils, which is the operating system that runs the phone and ipad and expanding to the macintosh operating system and allowing developers to think about ways to write programs to use siri in ils and when they are writing for the macintosh itself. This opens it up to more integration. It was thought to be a competitive advantage because it only works on apple stuff. It a been thinking about Ways Companies can regulate that and think siri has gotten to a place where they could do that. I think siri is a very hit or miss product for a lot of people and apple is hoping maybe more users would mean more success for that roddick. Vonnie tell us about the name change are there changes to the ope
Construction project but roads are looking good. Its feeling chilly again this morning. Just like the roads it looks like weather will be quiet today. Clearing the skies out nicely allows temperatures to drop this morning. Widespread 40s. Throw your jacket on before you head out the door. Still 52 at the airport. 44 allentown, mid 40s in reading and upper 40s wilmington. Dover, delaware checking in at 49. Check out suburbs to the north. Quaker up to, 41 this hour. Its possible we drop another couple degrees before sunrise. We could dip into upper 30s in some of the coldest spots early this morning. Part of the reason for drop in temperatures. Wins are going calm as storm systems move far enough offshore. Clear skies, calm winds, all that cold air is able to settle down at the surface. Nothing happening on storm scan three. Lots of sunshine in the forecast today and through the rest of the week. That helps warm the temperatures and we return above average. Breaking down numbers today, m
To its lowest reading in 5. 5 years. Bypanies are being heard economic sanctions, a falling ruble, and weak demand rid and weak demand. Hospital areal not talking about the patient system symptoms. 6. 2ress is approving a Million Dollar request for treatment. The president spoke while visiting the Vaccine Research center. The urgency remains because if we are going to actually solve this problem for ourselves, we have to solve it in west africa as well. Almost 6000 people died from the recent outbreak of ebola in west africa. Obamas choice to be defense secretary is an expert on the pentagons budget and weapon systems. The president will nominate ashton carter, who spent those careers as he has been the militarys top weapons buyer. John mccain says he does not expect carter will have problems being approved by the senate. Another record for u. S. Stocks. The dow had a tough morning, closing 17,880. Give the credit to oil prices and stabilizing markets around the world. Chevron werend b