Apple Computer Doesn’t Make The Grade! Stock DOWN 7% After Hours.
As if Halloween wasn’t scary enough, Apple Computer is trading down 7% in after-hours trade today because they missed some key numbers.
Revenue and earnings came in as expected, but unit sales fell under projections. The bottom line is that “stuff” isn’t selling as well as it had been. There is something rotting at Apple, and it may be the ground (the economy) it is trying to live on!
Google’s earnings missed. Netflix missed. In fact many companies are missing their earnings numbers! There are clearly headwinds across all industries.
The bull market, which may have ended, has been the longest on record. Stock valuations were the 2nd highest ever since the year 1870. The stock market was in, and remains in, a massive bubble, even after the recent 10% pullback.
The bear market will take many months to unwind, with some rather shocking selloffs. We are only seeing the beginning.
There are NO financial assets (stocks, bonds, derivatives) that are “safe” and undervalued. The only undervalued assets I can clearly identify is gold and silver.
One Response to “Apple Computer Doesn’t Make The Grade! Stock DOWN 7% After Hours.”
[…] Also last November, I mentioned “There is something rotting at Apple, and it may be the ground (the economy) it is trying to live on.” You can find that article here: https://practicalpaul.com/2018/11/01/apple-computer-doesnt-make-the-grade-stock-down-7-after-hours/ […]