Amazing that everyone made an excellent choice in their biggest individual stock holding and nobody listed Radio Shack as their largest holding.
Are we all just excellent stock pickers? Makes me wonder why we index...
Anyone think this Apple sell-off is excessive? I may have in increase my stake soon. If it goes to $115 i'm definitely going to find a way to increase my position. Maybe even sooner. It's seems noticeably under-priced now, doesn't it?
It is 12% off the 1-year high. I think expectations were that APPL would hit a winner with the iWatchie. However, we had fitbits on our hand already and did not like the steep price for the Apple.Anyone think this Apple sell-off is excessive? I may have in increase my stake soon. If it goes to $115 i'm definitely going to find a way to increase my position. Maybe even sooner. It's seems noticeably under-priced now, doesn't it?
It is 12% off the 1-year high. I think expectations were that APPL would hit a winner with the iWatchie. However, we had fitbits on our hand already and did not like the steep price for the Apple.
Apple Watch sales fall by 90 per cent
Secondly, to provide a bit more color — sales of the Watch did exceed our expectations and they did so despite supply still trailing demand at the end of the quarter. And to give you a little additional insight, through the end of the quarter, in fact, the Apple Watch sell-through was higher than the comparable launch periods of the original iPhone or the original iPad. We only had 680 points of sale in the quarter for the Watch. Online sales were so great that we did not have inventory in our sales until June. And so those points of sale, pretty much the overwhelming majority of the low numbers of sales, were not there until the last two weeks of the quarter. As I look at all of these things, we feel really great.
MetLife Inc, the biggest U.S. life insurer, reported a 21 percent fall in quarterly profit, dragged down by $593 million in derivatives losses.
The company has long relied on its substantial derivatives program to hedge against risks that insurers are exposed to such as currency exchange rates, volatile equities markets and changes to interest rates.
MetLife blamed rising interest rates and the weakening of the dollar against certain currencies for the after-tax derivatives losses in the quarter ended June 30.
MetLife has been scaling back on capital-intensive businesses such as annuities and focusing on traditional life insurance and pension products as it gears up for new capital rules.
After years of delay, the U.S. Federal Reserve is drawing up nationwide capital standards for the $1-trillion insurance industry, in line with the 2010 Dodd-Frank Wall Street reform law.
Insurers fear they could become as heavily-regulated as the Wall Street banks and analysts have estimated that MetLife's capital levels could drop by 50 percent in a worst-case scenario under the new rules.
MetLife lowered its return on equity forecasts in May, partly due to uncertainty about the new rules.
I think the analysts who follow stocks have no visibility on the Chinese markets. So anything they do there gets discounted. The PE is now under 14. Google is just under 30. FB is over 90.Anyone think this Apple sell-off is excessive? I may have in increase my stake soon. If it goes to $115 i'm definitely going to find a way to increase my position. Maybe even sooner. It's seems noticeably under-priced now, doesn't it?
Anyone think this Apple sell-off is excessive? I may have in increase my stake soon. If it goes to $115 i'm definitely going to find a way to increase my position. Maybe even sooner. It's seems noticeably under-priced now, doesn't it?
It is 12% off the 1-year high. I think expectations were that APPL would hit a winner with the iWatchie. However, we had fitbits on our hand already and did not like the steep price for the Apple.
Apple Watch sales fall by 90 per cent
I will buy when the dividend gets closer to 2%. And yes, I am kicking self for not starting a position when it split.
My old Megacorp stock (now held in a brokerage account) provided as incentive/profit sharing. In the doldrums for years, it's taken off of late such that it is now my biggest holding. Plan to dump a fair amount of it soon.