Will Apple Earnings Save the Day? (AAPL) (SPY)
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Price: $442.14 +0.18%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
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Europe is a train wreck, China's soft landing looks more like a belly-flop, Bernanke and his minion of doves are running out of bullets, and job growth in the U.S. has dwarfism.
If that wasn't bad enough, Nouriel Roubini, an economist famed for his bearish views, has sharpened his pencil again and he is now calling analyst expectations of a U.S. recovery in the second half of the year a "fairy tale."
In other words, equity investing is hopeless, and investors should probably just give up and stuff their saving into bonds, never mind the ridiculously low yields.
However, Roubini and all the other naysayers could be underestimating the market’s greatest weapon, Apple (Nasdaq: AAPL). On Tuesday of this week, Apple will be reporting 3Q earnings. Many are already lining up to trash the stock. Last week, an analyst at Pacific Crest said Apple is unlike to hit the Street's sales estimates.
The lower expectation could be a good thing for Apple and for markets. If they beat, it could create a sentiment shift and send broader markets higher in the second half of the week. Apple has been the market's white knight for years, so this is nothing new. On the other hand, if they miss earning, it could be a difficult week for investors.
SPDR S&P 500 ETF (NYSE: SPY) is lower by 1.41 percent in early trading on Monday. Shares of Apple Inc. (Nasdaq: AAPL) are lower by 1 percent.
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If that wasn't bad enough, Nouriel Roubini, an economist famed for his bearish views, has sharpened his pencil again and he is now calling analyst expectations of a U.S. recovery in the second half of the year a "fairy tale."
In other words, equity investing is hopeless, and investors should probably just give up and stuff their saving into bonds, never mind the ridiculously low yields.
However, Roubini and all the other naysayers could be underestimating the market’s greatest weapon, Apple (Nasdaq: AAPL). On Tuesday of this week, Apple will be reporting 3Q earnings. Many are already lining up to trash the stock. Last week, an analyst at Pacific Crest said Apple is unlike to hit the Street's sales estimates.
The lower expectation could be a good thing for Apple and for markets. If they beat, it could create a sentiment shift and send broader markets higher in the second half of the week. Apple has been the market's white knight for years, so this is nothing new. On the other hand, if they miss earning, it could be a difficult week for investors.
SPDR S&P 500 ETF (NYSE: SPY) is lower by 1.41 percent in early trading on Monday. Shares of Apple Inc. (Nasdaq: AAPL) are lower by 1 percent.
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*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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Ben S. Bernanke, Standard & Poor's, Pacific Crest Securities, Nouriel Roubini, Earnings
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