U.S. Day Ahead: Get ready for a volatile Thursday after Apple earnings disappoint
Wednesday, January 23, 2013 - 02:34
Jan. 23 - Instead of buying and selling on the rumors, Apple investors finally get the facts with the tech giant's profits down from a year ago.
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Apple investors if you've been buying and selling on the river and then get ready for some facts earnings -- and be profits but down from a year ago revenue also -- underestimate the tech giant sold a record 47 point eight million iphones. Apple shares are down 3% in after hours. Option traders are betting on swings of up to 7%. Earlier in Thursday's earnings Microsoft reports after the close. Set to slide from a year ago as PC sales shrink rapidly. It's on windows eight ordered Microsoft says it's sold sixty -- licenses and upgrades in the ten weeks since the launch and hope from worn out. -- total unearned revenue balance not technical indicator of future business. Finally we could hear comments about out there are reports Microsoft could invest up to three billion dollars and -- out of the computer maker. Investors seemed confident Microsoft and the day up one point 6%. Well and wake up and smell the coffee went Starbucks reports results on paper it looks positive profits are set to be up from last quarter and a year ago. Watch out for comments about US sales which make -- most of Starbucks sales and profit. The world's largest coffee chain should also give an update on the debut of its single serve very well coffee brewer. -- -- -- losing money by doing better with high income customers travelers -- what they see Starbucks is not over 20%. Since the start last year. And economic -- to watch is market PM I it will be the only national reading of manufacturing before the highly watched jobs report I as far as as the indexes slipped to 51 point seven. Which means growth in this sector is slowing. Do you worry that final number is south of fifteen that would mean heavy industry shrinking -- -- -- with PMI readings from China and year out they've got now we'll give us a wider reading of the global economy. We are at the World Economic Forum and -- speaking to top politicians policymakers and business leaders. Don't miss our live one and a half hours special on Thursday morning on insider and Reuters dot com. -- -- throughout fall we will speak to Swedish prime minister and head of the OECD. And a -- -- -- -- out about how to solve Europe's massive. Unemployment problem. I'm putting him on this has -- years.
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