With the flood of earnings reports over the next few weeks, all eyes are on Apple (AAPL) as demand for new iPhones has the earnings expectations bar set high. But what about Apple’s production delays and the rising cost of new iPhone models? Are Apple customers being priced out in the name of profits?
Simpler Summary It’s been quite a wild week with earnings. Advanced Micro Devices (AMD) was expected to soar based on demand for its Vega 56 processing chip. That chip has been sold out since launching due to its popularity among Bitcoin miners. Yet, AMD dropped more than 6% on weak guidance even after beating earnings … Read more
There’s been a big surge in the popularity of exchange traded funds recently. 2017 has seen more than $300 billion going into ETFs. That’s a new record. It’s actually more than the inflow into ETFs from the last two years combined. The biggest reason for that? Millennials. Millennials are flocking to ETFs in droves for … Read more
Simpler Summary “The current markets have been acting like my mother-in-law. My mother-in-law is always frazzled, always late, and always trying to get somewhere she was already supposed to be. The markets have that same feel. It’s like they are scrambling around and pinging back and forth, but there is an underlying feeling they aren’t … Read more