Apple vs. Google
In this installment of Investor Beat: Apple CEO Tim Cook says Google Glasses won’t appeal to the mainstream.
- Fresh Market (TFM) gains 12% after announcing better-than-expected quarterly numbers.
- United Natural Foods (UNFI) falls 4% on declining profit margins and lowered guidance.
- Tesla Motors (TSLA) loses some electricity after its recent run-up.
- Trina Solar (TSL) cools off on weaker-than-expected earnings.
Google channels Christopher Lloyd and goes “Back to the Future”. The whole computer glasses concept was presented by IBM back in 2000 in an ad entitled “Park Bench”, it’s on YOU Tube so you don’t need a Delorean with a flux capacitor to view the spot.
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Stocks have rallied 177%, and while calling a top is the easiest thing to do, it might not be the most accurate.
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