Awaiting Apple Results
The selling has slowed, but don't expect much to happen before Apple (AAPL) reports earnings after the close. The reaction tomorrow will tell us a lot about this market.
AAPL has been under tremendous pressure for nearly a month, and the big question is whether it has priced in sufficient negatives or undergoing a major change in character that has eliminated its Teflon shield. What complicates matters is that AAPL has been the master of lowballing expectations in the past. Everyone knew it played this game but was still able to produce massive surprises....141 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.