Chart Of The Day: Apple Gaps Down After Reporting Lousy Numbers
Make sure you read Gary’s in-depth report on Apple, titled: Bad Apple -Read Here
BAD APPLE
“BAD APPLE!” By Gary Kaltbaum April 27,2016 For the better part of a year, there really has not been a reason to be bullish on shares of Apple. The fact is for the better part of a year, the stock has been an under-performer…thus not much to do. We think Apple has bigger problems now. Over-owned and…
Forget the Cloud – ‘The Fog’ Is the Next Big Thing @FoxBusiness
http://www.foxbusiness.com/features/2016/04/26/forget-cloud-fog-is-next-big-thing.html
S&P Cuts Exxon’s ‘AAA’ Credit Rating @FoxBusiness
http://www.foxbusiness.com/markets/2016/04/26/s-p-cuts-exxons-aaa-credit-rating.html
New York Times to shut some Paris operations, cut jobs
http://www.reuters.com/article/us-new-york-times-redundancies-idUSKCN0XN1U0
Exclusive: Brazil’s Temer to overhaul economy, central bank to rescue confidence
http://www.reuters.com/article/us-brazil-politics-exclusive-idUSKCN0XN2EV
Weak U.S. factory, consumer confidence data cloud growth outlook
http://www.reuters.com/article/us-usa-economy-durable-idUSKCN0XN1IC
U.S. economy seen growing 0.4 percent in first quarter: Atlanta Fed
http://www.reuters.com/article/us-usa-economy-atlantafed-idUSKCN0XN1YY
Required Reading
Mitsubishi Motors says cheated on mileage tests for 25 years S&P reduces Exxon’s credit rating, cites cheap oil FBI director suggests iPhone flaw may remain secret German foreign intelligence chief forced out: media Bank of England says investors may need to accept lower bank profits Turkish parliament speaker provokes row with call for religious constitution
The Closing Look
Stocks were relatively quiet on Tuesday as the Fed began its two day meeting and investors digested the latest round of mixed earnings and economic data. U.S. durable goods orders rose +0.8% in March, missing estimates for a gain of +1.6%. Consumer confidence fell to 94.1, and missed estimates for 96. The PMI Service Flash index…