January 17, 2013
The second Monday of 2013 saw the S&P 500 as well as the Nasdaq ending much lower. This is mainly because of speculations over demand regarding Apple products. This apparently drove down shares. Investors have been busy bracing themselves to face disappointments in their earnings.
However, the interesting fact to be noted is Dell Inc?s stocks actually climbed up 13 percent. This is supposed to be a 5-month high standing at 12.29 dollars. This comes soon after the Bloomberg reports of Dell holding talks with private equity firms regarding going private.
Undoubtedly considered the tech stalwart, Apple went down by at least 3.6 percent. This stood at 501.75 dollars. This was not just the biggest weight on the S&P 500, but also on Nasdaq 100. This was followed by reports of the company having cut orders for the LCD screens and various other parts of the iPhone 5. These orders have apparently been cancelled for the first quarter of 2013 and this is a result of weak demand as well.
There?s more that?s adding to the unease of investors actually. Fact is the fourth quarter earnings are kicking into high gear in the 2nd week of the New Year itself. Ever since October 2012, the analyst estimates for the quarter have been on a steady downward slide. In fact, the growth meter of S&P 500 is now seen up by a mere 1.9 percent from a year ago. Experts are of the opinion that tech happens to be such a domain that has become an arena for private equity type of maneuvers.
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