Tuesday, May 2, 2017

Trouble In iPhoney Land

Instead of increasing year over year, iPhones sales went DOWN year over year. Slight difference...

Apple reported falling iPhone sales in its fiscal second quarter, showing why it’s urgent the company make significant upgrades to the next version of the flagship device to contend with rivals like Samsung

The company also forecast $43.5 billion to $45.5 billion in revenue for the current quarter, below analysts’ estimates of $45.7 billion.

This is Apple as of today's close


Meanwhile, the real story today was the melt-down in crude oil:

U.S. Oil ETF:


Oil longs are hanging tight with OPEC

And consumer staples

And banks

Tomorrow the Fed release and then Facebook after the close...

Internet stocks: