Morning Spy: Apple’s iPhone Continues to Astound (SIFY, CELL, IIT, CPSI, SNE, AAPL, VOD, BIDU)
The markets are trading lower on Friday after second quarter GDP grew a modest 1.3%, 0.4 percentage points below analyst expectations. Also weighing on the markets is the U.S. debt ceiling issue, which continues to remain center stage for investors.
Today’s Top tickerspy Indexes:
India Stocks and ADRs (up 0.6%, see graph): Shares of Sify Technologies (SIFY) are screaming higher after the company reported first quarter revenue of $50.73 million, which is 31% better than this time last year.
Computer and IT Product Distributor Stocks (up 0.4%, see graph): Shares of Brightpoint (CELL) are leading the Index higher after the company reported second quarter earnings of 23 cents per share, which was 2 cents better than analyst estimates.
Healthcare IT and Software Stocks (up 0.1%, see graph): Shares of Computer Programs and Sys (CPSI) are leading the Index higher after the company reported earnings of 72 cents per share, which was 18 cents better than analyst estimates.
Today’s Top Market Headlines
Sony Cuts TV Forecast, Nintendo 3DS Player Flops: Sony (SNE) and Nintendo unexpectedly slashed their profit forecasts in response to the failure of their televisions and handheld game players to keep pace with products from Samsung and Apple.
Vodafone to Pay GBP2 Billion Dividend on Verizon Agreement: Vodafone Group PLC (VOD), the world’s largest mobile-phone company, said it will pay a special dividend of 2 billion pounds ($3.3 billion) to shareholders in February, after the board of Verizon Wireless, in which Vodafone has a 45 percent stake, agreed to pay a $10 billion dividend.
A Cold Winter Ahead For China’s E-Commerce Industry Amid Overspending On Adertising: Sina, one of the major news portal sites of China, recently conducted an interview with Mr. Qiangdong Liu, founder and CEO of Jindong Mall (360buy.com). Mr. Liu shared his concerns on the e-commerce industry of China since he believe the investments in adversiting had been overheating.
More on this topic (What's this?)
Big Trader Sees Big Upside in Apple (Penny Stock DD, 5/7/13)
Apple Stock Cash or Trash? (Gold Stocks Today, 4/22/13)
Don't Believe the Hype: Apple is Not a Cheap Value Stock (Black Swan Insights, 4/24/13)
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