Morning Market Video - $SPY QQQ $TLT $VXX
Stock futures are falling after $IBM released some bad numbers. It looks like we are headed for another week of uncertainty. Here is the morning market video:
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General Options Blog
October 20th, 2014 Watch List
Monday Morning Reads – The Sell-Off Is Over Edition – 10/20/14
Stock futures are higher to start the week as prices recover from a nasty sell-off last week. For the first time in almost 4 years, the stock market appeared on the precipice of a massive collapse.... and then just as quickly as the selling came, on Friday it was gone. I was looking for an article this weekend to find out when they would let the sellers return... but alas none was found. We will have to made that determination on our own.
Here is what I am reading this morning:
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Apple Q3 Earnings Preview
On Monday, we will have Apple (AAPL) reporting earnings. The estimate is for $1.31 EPS and $39.8 billion in revenue. The big take away from AAPL’s earnings is going to be their gross margins and guidance. Analysts want to see how strong the margins will be for the iPhone 6. A big problem with the iPhone 5 was how it diminished AAPL’s margins. I have my own thoughts on what I believe AAPL will report and how the stock will move.
Over the last year, AAPL has gone through with a enormous share repurchase program. The effect has been seen by a sudden growth in EPS. When AAPL reported earnings in April and July 2014, EPS grew by 15% and 18% respectively. In my opinion, part of the growth was due to the buyback program. Now what do I expect AAPL to release?
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