Wednesday, April 20, 2011

$AAPL Earnings Crush Forecasts (Apple)

imageIf you don’t own $APPL stock, you don’t own $AAPL stock.  Apple crushes forecasts as revenues jump 83%

Whoa, Nellie.

Stock is up 3% after hours, as I type.

Earnings keep coming in, and great news for tech companies.  The economy is rebounding and consumers are buying tech  and companies are investing in tech.

Sometimes we (and me) spend so much time looking at the external stuff that we miss what’s right in our face.  Sure, Japan is a mess, US debt and credit downgrades may be a problem someday, European debt, unfunded pensions, blah blah blah.  The stimulus cash is flowing right now and interest rates are near 0%. 

Don’t fight the Fed.  Don’t fight the trend.

***

Came home.  This cold is making me sleepy.  Although it’s funny how much better one feels at home!

blog comments powered by Disqus