• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Apple

Tyler Durden's picture

Carl Icahn's "Buy Buy Buy" Pitch For AAPL- Full Letter





Despite his own admission that he is not a 'product guy', Carl Icahn extends his 'pitch' for investors to buy buy buy Apple stock from one of using their offshore capital (or borrowing against it) to buyback inglorious amounts of shares to how great the "wearables" business could be...

  • *ICAHN: ULTRA HD REPRESENTS 'PROMISING MOMENT' FOR APPLE
  • *ICAHN: APPLE HAS 'COMPELLING OPPORTUNITY' IN WEARABLE DEVICES
  • *ICAHN: INVESTING IN APPLE IS HOW GOOD INVESTORS MAKE MONEY

So buy you dummy... oh and don;t worry because Icahn has your back, even if he knows that AAPL does not...

  • *ICAHN SAYS TIM COOK IS NOT A 'FINANCE GUY'
  • *ICAHN: NO 'IN DEPTH' KNOWLEDGE OF FINANCE ON APPLE BOARD

Apple is - according to Icahn - the most over-capitalized company in corporate history...

 


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Frontrunning: January 23





  • Gross Told El-Erian ‘Hell No’ Seeking to Stop Departure (BBG)
  • How Caterpillar got bulldozed in China (Reuters)
  • Davos Bankers Struggle to Convince Elite That Markets Are Safer (BBG)
  • Lucrative Role as Middleman Puts Amazon in Tough Spot (WSJ)
  • Arctic Air Blankets Northern U.S. as Texas to Get Snow (BBG)
  • Lenovo buys IBM's server business in China's biggest IT acquisition (Reuters)
  • SEC judge bars "Big Four" China units for six months over audits (Reuters)
  • U.S. Accuses Security Background Check Firm of Fraud (WSJ)
  • RIP BOE forward guidance: Bank of England rate rise is 'still some way off' - Fisher (Reuters)
 


Tyler Durden's picture

Carl Icahn Does The Apple Tweet-Pump





And sure enough, less than 24 hours later, here comes the now well-known Icahn Tweet-pump

 


Tyler Durden's picture

Frontrunning: January 22





  • Winter Storm Expected to Make Northeast Commutes Harder  (BBG)
  •  Invasion of Spanish Builders Angers France Struggling to Compete  (BBG)
  • Toronto mayor, caught ranting on video, admits drinking a 'little bit" (Reuters)
  • IBM's Hardware Woes Accelerate in Fourth Quarter (WSJ)
  • Sharp Divisions Come to Fore as Peace Talks on Syria Begin (NYT)
  • Afghanistan cracks down on advertising in favor of U.S. troops (Reuters)
  • Microsoft CEO Search Rattles Boards From Ford to Ericsson (BBG)
  • Banks Sit Out Riskier Deals (WSJ)
  • Netflix Seen Reporting U.S. Web Users Reach 33.1 Million (BBG)
 


Tyler Durden's picture

Frontrunning: January 21





  • Hilsenrath: Next Cut in Fed Bond Buys Looms - Reduction to $65 Billion Could Be Announced on Jan. 29 (WSJ)
  • China Workforce Slide Robs Xi of Growth Engine (BBG)
  • Obama pulls the race card: Obama Says Race May Blunt Poll Standing in Interview (BBG)
  • Chinese firm's IPO deal switches banks as chairman's daughter moves from JPMorgan to UBS (SCMP)
  • China and Russia may hold joint naval drill in the Mediterranean (RT)
  • Iran invite to Syria talks withdrawn after boycott threat (Reuters)
  • Seven Chinese IPOs Halt Trading After 44 Percent Share  (BBG)
  • U.S. military says readying plans for Olympic security assistance (Reuters)
  • Thank you Bernanke: Investors Most Upbeat in 5 Years With Record 59% Bullish in Poll (BBG)
  • From His Refuge in the Poconos, Reclusive Imam Fethullah Gulen Roils Turkey (WSJ)
 


Tyler Durden's picture

What Recovery? Sears And J.C. Penney Are Dying





Two of the largest retailers in America are steamrolling toward bankruptcy.  Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral from which it will be impossible to escape.  Once upon a time, Sears was actually the largest retailer in the United States, and even today Sears and J.C. Penney are "anchor stores" in malls all over the country. They are both shutting down unprofitable stores and laying off employees in a desperate attempt to avoid bankruptcy, but everyone knows that they are just delaying the inevitableThese two great retail giants are dying, and they certainly won't be the last to fall.  This is just the beginning.

 


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American Express & Visa Account For 103% Of The Dow's Intraday Gains





Visa and American Express are up over 4.5% each today (the latter more earlier) to new record highs (on a day when Facebook, Google, and Apple are plumbing the day's lows). The combined effect of the Visa and American Express gains are over 67 Dow points... the Dow is up 65.8 points on the day...

 


Tyler Durden's picture

"Only A Dozen Customers Showed Up To Buy iPhones" - Apple's China Expansion Already A Flop?





The NYT reports that if judging by the initial response to Apple's expansion into China, then this too latest Apple "rollout" is set to be a major flop. To wit:  " Apple has been counting on a long-awaited agreement with China Mobile, the world’s largest cellular operator, to reverse its fortunes in China. If the muted reception Friday, when customers were finally able to buy iPhones from China Mobile, is any indication, the companies may have to work harder to whip up enthusiasm. Instead of the round-the-block lines that have greeted Apple product introductions in China and other countries in the past, only about a dozen customers showed up to buy iPhones at the opening of a store in Beijing — despite the presence of a special guest, the Apple chief executive, Timothy D. Cook."

 


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A Brief History Of Jim Cramer's Opinions On "Pillar Of Strength" Best Buy





You really can't make this shit up. From the funniest person on financial comedy TV (whose most memorable TV appearance will always be roaring that Bear Stearns is fine days before its collapse), here is his "opinion" on Best Sell Buy, entirely in his own words.

 


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Frontrunning: January 16





  • Charter, Comcast in renewed talks on Time Warner Cable bid (Reuters)
  • Bankers' Stock Awards Jet Higher (WSJ)
  • Yahoo CEO Mayer Dismisses Operating Chief De Castro (BBG)
  • Amazon Employees Vote to Reject Union (Reuters)
  • Luxury in China loses luster as wealthy flee (Reuters)
  • UnitedHealth Profit Up on Stronger Enrollments (WSJ)
  • U.S. government failed to secure Obamacare site: experts (Reuters)
  • Spain Sells Bonds at Record-Low Yield as Rajoy Touts Rebound (BBG)
  • Newport Beach’s $100,000 Lifeguards Feel Pension Squeeze (BBG)
  • Bailed-Out Euro Nations Expect Painful Challenges to Remain (BBG)
 


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Gundlach's First Webcast Of 2014: "Let the Race Begin! 2014 Markets: Year of the Horse"





"Bond King" Bill Gross may not have had a good year following over $40 billion in redemptions from his $250 billion Total Return Fund, but another aspirational Bond King, DoubleLine's Jeff Gundlach, had an even worse year on an relative basis, when his Total Return Bond Fund saw $6 billion in redemptions ending the year at $30.9 billion in AUM following seven consecutive months of withdrawals. So in his attempt to start the new year on better footing, here is his first webcast (as usual open to the public), titled "Let the Race Begin! 2014 Markets: Year of the Horse", in which as usual Jeff will discuss the economy, the markets and his outlook for the best investment strategiest of 2014. Let's hope that for bond fund manager, that 2014 is not just another "year of the donkey", as was the case in the past year which everyone managing duration would rather forget.

 


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December Retail Sales Beat Due To November Revision Lower, Electronics Sales Tumble





Following ongoing promises from the Fed that the Taper will continue at a pace of $10 billion per month come rain or shine, suddenly good news are critical for stocks, as the stock market is desperate for a strong economy to which Yellen can pass the baton. It did not get that with Friday's payrolls number so it was hoping for some good news in today's retail sales. And judging by the market response to the just released December retail sales, it got it, if only for now: headline December retail sales rose 0.2%, on expectation on a 0.1% increase even as auto sales tumbled -1.8%. Retail Sales ex autos rose 0.7% higher than the 0.4% expected, while ex autos and gas was up a more modest 0.6%, also better than the 0.3% expected.  How is it possible that December retail sales according to the US government were better than expected, when every retailer has posted abysmal results? Well it seems the Census Bureau merely engaged in some recalendarization, with November numbers all revised substantially lower: headline down from 0.7% to 0.4%, ex autos 0.4% to 0.1%, and ex autos and gas from 0.6% to 0.3%. In other words, a complete wash with today's "beat." So when netting away the calendar effect of an early start to the holiday season, perhaps the only value added data in the retail sales report was the data involving Electronics and Appliance Stores.They posted the biggest 2 month drop in 2 years!

 


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Frontrunning: January 14





  • House Unveils $1.01 Trillion Measure to Fund Government (BBG)
  • Credit Suisse Tells Junior Bankers to Take Saturdays Off (BBG)
  • Spot the odd word out: ECB Sees Bad-Debt Rules as Threat to Credible Bank Review (BBG)
  • Insert laugh track here: Spain GDP grows at fastest pace in almost six years (FT)
  • Scandinavian Debt Crisis Waiting to Happen Puzzles Krugman (BBG)
  • Fed Said to Release Plan to Limit Banks’ Commodities Activities (BBG)
  • Thai Protesters Extend Blockade After Rejecting Poll Talks (BBG)
  • China provinces set lower growth goals for 2014 (BBG)
 


Tyler Durden's picture

Frontrunning: January 13





  • Full onslaught 1: New Jersey Gov. Chris Christie's Aides Pressed Hard for Endorsements (WSJ)
  • Full onslaught 2: Feds investigating Christie's use of Sandy relief funds (CNN)
  • Iran nuclear deal to take effect on January 20 (Reuters), Iran to get first $550 million of blocked $4.2 billion on February 1 (Reuters)
  • Sen. McCaskill didn’t want to be in same elevator with Hillary Clinton (Hill)
  • The banks win again: Basel Regulators Ease Leverage-Ratio Rule for Banks (BBG)
  • Ireland's Rebound Is European Blarney (NYT)
  • Democrats prove barrier for Obama in quest for trade deals (FT)
  • Federal Reserve Said to Probe Banks Over Forex Fixing (BBG)
 


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