How low can Apple go?
In this edition of Investor Beat: Shares of Apple fall in the wake of bad news from a supplier.
Intel (INTC) reported a decline in first-quarter profits from the same period a year ago. PC revenue slipped 6% but the company's data center revenue was up 7.5%. Yahoo’s (YHOO) first-quarter revenue was flat but display advertising dropped 11%. Bank of America (BAC) quadrupled its quarterly profits but still failed to live up to investor expectations. And Mattel (MAT) posted big profits thanks to its American Girl and Monster High dolls. In our second segment, a look at four stocks making moves.
Google (GOOG) reports earnings on Friday. Will the tech giant and Android continue to gain market share in mobile? And will Chipotle (CMG) serve up any surprises when it reports earnings? Our analysts explain why they’re watching Google and Chipotle.
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"Cash is going to be the king!"
You were doing okay up to the "cash" thing. Not. Fiat money is everywhere. Expect it to cause new problems as mongers accumulate it but not use it as currency. It's far more likely that we'll call the Dollar for all the bogus ways it has been abused and issue a new currency that actually circulates. You won't get it in equivalency, that's for sure.
Yes, inflation is low and we can even have deflation soon! Yes, despite all the money printing, deflation can show it's ugly head. Google for IS DEFLATION POSSIBLE IN KONDRATIEFF WAVE to understand why it is very likely to happen! There is nowhere to hide, there is nowhere to diversify! Cash is going to be the king!
How low can AAPL go? I forecast two years ago the Gadget Emporium was headed, with or without Mr. Jobs, within three years, to a price range of between $350 and $375.
So far, so good . . ..
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John Stumpf acknowledges that growth has been slow, but he says he's still optimistic.
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