Notable ETF Movers of the Day 12/14: (XME) (KOL) Higher; (XLK) Lower
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With PMI Green, China Back On Investors' Radar (FXI)
December 14, 2012 12:17 PM ESTShares on Chinas restricted Shanghai Composite reached their highest level since August following the release of HSBC's preliminary Purchasing Managers Index for December. The index read 50.9, a 14-month high, and above the critical 50 level for the second month in a row.
Shares in Hong Kong had a positive reaction, and the popular China ETF, iShares FTSE China 25 Index Fund (NYSE: FXI), gained 1.6 percent. The bullish data has... More
Apple (AAPL) Cuts Component Order, Jefferies Says; Suppliers Hit (QCOM) (SWKS) (AVGO) (CRUS) (TQNT)
December 14, 2012 10:57 AM ESTApple (NASDAQ: AAPL) is under heavy pressure Friday, but some suppliers are even weaker as word spreads component suppliers have received order cuts. This comes from Jefferies' analyst Peter Misek.
According to Misek, Apple component suppliers have received order cuts in the last 24-48 hours, although he believe assembly orders remain unchanged.
"Our checks indicate the builds at the assemblers (Hon Hai, Pegatron, Jabil) have remained constant since then.... More
Bears Look for Fresh Meat in Apple (AAPL) Suppliers
December 14, 2012 10:14 AM ESTAn number of companies that benefited from the rise of Apple (Nasdaq: AAPL) are suffering as a result of the company's dramatic fall from grace. Since topping out at $700 in September, prior to the iPhone 5 launch, shares of Apple have been decimated, and now... More
Apple (AAPL) Slammed; UBS Gets More Conservative on Growth, Investors on Price
December 14, 2012 9:58 AM ESTApple, Inc. (NASDAQ: AAPL) is taking it on the chin yet again Friday as investor concerns mount. Not only is there tremendous 'fiscal cliff' selling, a number of investment banks are lowering expectations and the China iPhone 5 launch appears weak.
Today, UBS lowered estimates on the out-quarters. Although the firm is not altering Dec quarter numbers materially, they have taken five million iPhones and two million iPads out of the Mar, June, and... More
Apple (AAPL) Launches iPhone 5 in China Today; Should Anyone Care?
December 14, 2012 7:01 AM ESTApple (Nasdaq: AAPL) is indicated for a lower open Friday as the tech giant releases its iPhone 5 in China today. But, should anyone care?
Last week, Nokia (NYSE: NOK) and China Mobile (NYSE: CHL) entered a deal for Nokia to bring its Lumia line to China.... More
