Apple (AAPL) stock declined $4.36 today ending at $98.94 as it heads towards the launch of the iPhone 6 on Tuesday Sept 9.
No big deal for the richest company in the world. The $4 loss in share price is only $25 billion of their total $600 billion value.
Tim Hortons reported earnings today.
Revenue $874.3 million vs estimates of $843.3 million
Profit $0.92 cents per share vs. estimates of $0.87 cents per share
Shares are up today by 6% to $64 on the Toronto Stock Exchange
Shares of children’s technology learning company Leapfrog Inc. are down 16% today as sales and profit were drastically down compared to last year.
The Dow Jones Industrial Average is down over 300 points today. There may be more of these days ahead. Is this the correction everyone has been talking about?
Corrections are a buying opportunity for those stocks that you have been watching.
For instance Apple(AAPL) was as high as $99 earlier this week, today it is trading 4% lower than that at $95.
Had you invested $1000 in Twitter at 12:59pm today, you will have made $300 this afternoon.
And I think I procrastinate
Here is how some marquee named companies performed this week compared to the broader market S & P 500.
S&P 500 +0.32%
Apple +3.36%
Amazon -10%
Starbucks +1.12%
Netflix -7.15%
Chipotle Mexican Grill +12.92%
VISA -2.03%
The Dow Jones is over 17,000, and many are awaiting the bubble in the markets to pop
Yet:
Some signs show world economies are still improving from the lows of 2008, yet some are nervous that equity markets are at unforeseen levels and are bound to correct to the negative.
No wonder economics is a social science, as we still have no answers as to how the economy ticks.
Had a great Economics 12 class today. Lots of fun. Students were engaged.
Really felt like my class today.
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