MacDailyNews - Where Mac news comes first

 MacDailyNews Poll

Deal of the Day

5 Day Most Commented

Opinion Archive

Current Headlines

Latest Joy of Tech

  • Latest Joy of Tech!

MacNN

AppleInsider

Macworld UK

TUAW

MacRumors

Yahoo! Finance AAPL

iTunes Top 10 Albums

Mac OS X Downloads

Sun, Nov 08, 2009 - 10:01 AM EST  —  AAPL: 194.34 (+0.3099, +0.16%)  |  NASDAQ: 2112.44 (+7.12, +0.34%)

Investors hope Apple’s first-quarter results will fire up stock again
Tuesday, January 22, 2008 - 09:42 AM EST

"Investors are hoping Apple can deliver first-quarter results that get the company's stock going again," Priya Ganapati reports for TheStreet.com.

"Apple shares are now off nearly 20% from their [closing] high of $198.95 on Dec. 26. The Cupertino, Calif.-based company reports first fiscal-quarter results after the market closes on Tuesday," Ganapati reports.

MacDailyNews Note: Today, the U.S. Federal Reserve took the rare step of making a 75-basis-point cut ahead of its scheduled meeting. The Fed said it made the move in light of a "weakening economic outlook and increasing downside risks to growth." Before this morning's Fed action, Wall Street had been expecting a 75-basis point cut at the Fed's upcoming meeting, scheduled for the end of the month.

Ganapati continues, "Over the last eight quarters, Apple has beaten consensus estimates by an average of 23%, with the highest earnings surprise of 45.3% in the quarter ended December 2006 and the lowest of 7.1% in the quarter ended December 2005."

Full article here.

MacDailyNews Take: Apple's results will likely be very nice indeed, but it'll be Apple's guidance upon which many on Wall Street will focus.

Bookmark and Share

Always -- Free ground shipping with orders over $50 at the Apple Store.

Reader Feedback: = registered.
Unregistered users: Feedback from multiple usernames are subject to deletion. Off-topic and posts from suspected astroturfers will be removed.

Jan 22, 08 - 09:48 am Comment from: iWill

Oh my God, the sky is falling!

(Hold on everyone, this too shall pass...)

Jan 22, 08 - 09:49 am Comment from: Last Chance

To buy APPL at below $145... again.

Jan 22, 08 - 09:49 am Comment from: rsbell

Holy crap! Down almost 15 this morning!

Buy!

Jan 22, 08 - 09:49 am Comment from: @ the headline

NO $HIT!

Jan 22, 08 - 10:04 am Comment from: Georgy Porgy

Buy AAPL and sit LONG TERM! Does anyone get this? When Apple brings AAPL down, then consider a change, but when the world economy brings Apple down, sit or buy. I'm looking forward to refinancing my house in the near future...will save alot over the life of the loan. When some part of our country is down, the other will be up. Play that instead of your emotional daytrading and hoarding.

Jan 22, 08 - 10:15 am Comment from: Rory

what is going on with the apple stock has nothing to do with apple - but all about the global economy (and the us economy)...

I view it that APPL is 'on sale' at great prices. Dollar cost averaging is YOUR FRIEND!!!!

Jan 22, 08 - 10:21 am Comment from: qka

I believe that today's report will NOT boost the stock price.

That said, buy APPL when you think it is at or near bottom, and hold on to it, for the day that it goes up to new highs.

Jan 22, 08 - 10:24 am Comment from: Jubei

Stocks are already fired up. Last year it was in the mid 80's right? It's doubled since then, so be happy you greedy little investor maniacs. wink

Jan 22, 08 - 10:25 am Comment from: Guidance and Earnings

It's always a combination of both the results of the past quarter and the outlook, tempered by overall market conditions.

It is never just outlook. Ever.

Jan 22, 08 - 10:28 am Comment from: Outlook

I wish Apple would stop the practice of giving specific guidance. It is always inaccurate, and it is not credible to give guidance when you know you are going to be it 'just to play safe'.

Many other companies have discontinued this practice and let the market decide on guidance, like they do anyway with Apple.

Being off guidance by 15-45% every time is just not credible.

Jan 22, 08 - 10:37 am Comment from: poo

@Rory

More like "all about the US economy (affecting greatly the world economy)."

Watch something other than Fox News.

Jan 22, 08 - 10:41 am Comment from: sudershan

the Great Juche ideology, is a guarantee for success.

long live Juche.....and the father of Juche!!!!!!!

Jan 22, 08 - 10:44 am Comment from: ChrissyTwo

The market is going down - there is nothing that can be done about it. This is not a good time to buy at all!

Jan 22, 08 - 10:50 am Comment from: Raymond from DC

As investors, we're entitled to a fair assessment of the company's prospects looking forward. Such assessments tend to be conservative because if the company overstates their prospects some stockholder will jump at the chance to sue.

On the other hand, I'd love to see outside analysts abandon the notion of "price targets", as they're an invitation to abuse and tend to make a stock more volatile. Such targets only really benefit traders.

Jan 22, 08 - 11:06 am Comment from: MCCFR

Unfortunately, the roller coaster of the last few days is the harvest sown by US lenders lending to people beyond their means and then finding a way of laying off the risk by chopping, dicing and re-parcelling the questionable debt around the world.

A light hand on the rudder of the financial industry is one thing, but several administrations over a couple of decades have let the politically-expedient promise of cheap money and property ownership outweigh the long-term structural integrity of the global economy.

And now, despite the fact that someone else made a lot of money selling bad credit, the US taxpayer is going to be given back a miserly portion of its own money back (assuming the legislature and executive can agree) allegedly in order to stimulate demand.

If this mess – including the fact that (in many countries) lending banks are no longer tracking their central bank minimum lending/reserve rate – is not sorted out relatively quickly, we will see a recession and this one could be ugly.

Jan 22, 08 - 11:14 am Comment from: ibookfast

anyone else's widgets acting wonky this morning?... mine won't refresh, wierd

Jan 22, 08 - 11:16 am Comment from: ibookfast

anyone else's stocks widget acting wonky this morning?... mine won't refresh, wierd (sorry for the repost, it's only the stocks widget not working)

Jan 22, 08 - 11:19 am Comment from: Ampar

"The market is going down - there is nothing that can be done about it. This is not a good time to buy at all!"


So, buy high and sell low? How's that working out for you?


ibookfast: Yeah. Same here. It says error retrieving chart.

Jan 22, 08 - 11:22 am Comment from: widgets

aren't working for me either.

Jan 22, 08 - 11:33 am Comment from: poo

That new pink Nano seems to have held off the worst for AAPL today. Whew!

Jan 22, 08 - 12:57 pm Comment from: DJ

Buying opp.

Especially with a Pink Nano to play with -- damn, gave my girfriend a blue Shuffle. Still, it matches her eyes (ahhhh) !

Jan 22, 08 - 03:31 pm Comment from: KenC

Apple needs $1.70eps to maintain the status quo, and $2.00eps if it wants to "fire up the stock again".

Reader feedback page 1 of 1 pages:

Always -- Free ground shipping with orders over $50 at the Apple Store.

Add Your Feedback:

Register or Login

Name:

Email: (optional)

Emoticons | Allowed HTML Tags

Remember my info   Notify me of follow-up comments?

Please enter the "MDN Magic Word" you see in the image below: