Notable ETF Movers of the Day 01/15: (XRT) (GLD) Higher; (XLK) Lower
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The Halo is Not Cracked: Jefferies' Misek Talks Apple (AAPL) Q1 EPS, Component Cuts, and 'Cheap' iPhone
January 15, 2013 11:12 AM ESTApple (NASDAQ: AAPL) continues under heavy pressure Tuesday as weak iPhone demand and margin fears continue to dominate trade. However in just 8 days the world will get a quarterly report card from the iPhone giant and will be able to see for themselves just how bad, or good, the company is doing.
Jefferies' Peter Misek, who was ahead of the Street on the Apple iPhone 5 component cuts (which dominated trade Monday), offered a preview of Apple's upcoming December quarterly report (FQ1) today. His view is that everything is okay and he expects a... More
Genesco (GCO) Comps Decline 2%, Guides EPS Toward Lower End
January 15, 2013 8:35 AM ESTGenesco Inc. (NYSE: GCO) announced today that same store sales for the quarter-to-date period ended January 12, 2013, declined 2% from the equivalent period last year, when same store sales increased 13%. Sales for the Company's ecommerce and catalog direct sales businesses increased 17% in the quarter-to-date period ended January... More
Nomura Slashes Apple (AAPL) Price Target to $530, Sees Downside Risk of $400
January 15, 2013 7:49 AM ESTNomura Securities slashed its price target on Apple (NASDAQ: AAPL) Tuesday from $660 to $530, while reiterating a Neutral rating.
Analyst Stuart Jeffrey notes iPhone pressures highlight margin fears, and sees potential downside to $400 on gross margin declines.
"To reflect signs of... More
Express (EXPR) Boosts Q4 Outlook; Adjusts FY12 Expectations
January 15, 2013 6:23 AM ESTExpress, Inc. (NYSE: EXPR) raised its outlook for the fourth quarter and full year 2012, ending February 2, 2013, based on better than anticipated performance during the holiday season and expectations for the balance of the period.
Michael Weiss, Express, Inc.'s Chairman and Chief Executive Officer commented: "Our performance during the holiday season exceeded our expectations based on third quarter trends. Our promotional strategy and the introduction of opening price points in key categories contributed to a sequential improvement in comparable sales since the third... More
Apple (AAPL) Suppliers on Watch on Component Cuts
January 14, 2013 7:04 AM ESTApple (Nasdaq: AAPL) suppliers are on watch with shares of the iPhone maker under heavy pressure (-3.5%) early Monday on reports of steep component cuts.
... More
Apple (AAPL) Said to Cut iPhone 5 Panel Orders as Demand Wanes
January 14, 2013 6:20 AM ESTApple (Nasdaq: AAPL) is trading lower Monday morning amid chatter that demand for its iPhone 5 might be, well, light.
According to Japan's Nikkei news source, Apple has halved orders for iPhone 5 panels as demand is said to have dropped off.
Apple was initially expected to order 65 million panels in the current... More
