Posted by Blain 24 July 2012

Market Recap (7 Charts) - Apple Earnings Plunder, Spain Analysis

Yes, it is true. Apple (AAPL) bit it hard with its earnings report and is down over 5% after hours, currently trading -$31 to around $570 a share. Not only did Apple miss on revenue, but on guidance as well. Full breakdown at Yahoo Finance. Netflix (NFLX) also failed to impress and tumbled after hours (full breakdown). After hours charts of both below,

Apple stock after hours earnings plunge

It is important to note that Apple's disappointing earnings release came after hours which means it is affecting tomorrow's futures. The S&P 500 ETF SPY is already trading down -.72% after hours.

Considering this week has already been a mess thanks to none other than Europe coming back into light, we are in a precarious spot technically speaking. I've included analysis of Spain's market index below.

Stay frosty out there.

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Comments

  1. Posted by C$INR on July 24, 2012 at 7:38 pm

    'Blood in the streets of Spain'..bull slaughtered!
    Appreciate you included the $IBEX chart as I too am 'eyeing' EWP because for hunt for yield etc. What do you think?

  2. Posted by Blain on July 24, 2012 at 8:39 pm

    I wouldnt chase EWP for yield, consider REITs which have been performing well despite the market and have yields around 15% on average: ARR, TWO, AGNC, AMTG, have all been on Zanger's list.

  3. Posted by C$INR on July 24, 2012 at 9:14 pm

    Have NLY . Don't want to put all eggs in one basket.

  4. Posted by Blain on July 24, 2012 at 9:23 pm

    Nice, ya I don't blame you :)

Trackbacks

  1. July 25th, 2012 Stock Market Recap - Stock Trading To Go says:
    July 25, 2012 at 4:34 pm

    [...] Home sales dissapointed and Apple (AAPL) alongside Netflix (NFLX) dominated headlines with their earnings misses. Facebook (FB) reports tomorrow after the [...]