U.S. Morning Call: All eyes on Apple; UPS sees weakness
Tuesday, July 23, 2013 - 03:33
July 23 - Apple's expected to show a drop of more than 21 percent in quarterly profit and very minimal revenue growth.
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Even and a Bellwether -- results today that's the top Tuesday morning call. Apple highest -- -- sales seem to have topped out its developer site has been hacked. It can only get better right well apple is expected to show a drop of more than 21%. Quarterly profit. Next stop for Tim Cook. Maybe it cheaper iPhone or apple loyalists have their prayers answered -- chilling product near waiting for that next big innovation. Yesterday at BMO analysts came out to the tech titan. It out liar but -- bad apple will be earnings and revenue expectations. Shares of apple down over 22% this year. Up slightly in the premarket. UPS out with earnings in about fifteen minutes investors usually pay close attention to its earnings and it's pretty accurate measure for business activity. But keep your expectations in check UPS recently cut its outlook. Citing weak US economy and customers worldwide choosing cheaper shipping options. Shares are up 15% this year. Never stopped to watch starting with Netflix. Product and it nominations in Hollywood buzz being just good in the words of Sterne Agee analyst isn't good enough for investors. The company topped profit estimates and got us about -- this morning but it shares are down almost fifteen dollars that's nearly 6% in the premarket. The problem the company experienced summer Arrested Development in its subscriber numbers adding 630000. Streaming customers in the US. Just about in the middle of the forecast issued in April. Chinese Internet giant -- Bobbitt is jumping into the Smart TV race and that's big news for our shareholders. Remember young talent 23% of the company run by accuracy jackpot. And for a lot of time it's been one of the few drivers wrote there. The Wall Street Journal reports that Alibaba is now working and operating system that would allow users to shop and pay their bills via their TV. It's also planning to release a set top box in the coming months in collaboration with the Chinese media company. -- details yet on pricing -- the product will be limited to Chinese users. And you're looking at images from LaGuardia Airport and at Southwest Airlines plane landing gears collapse went it went touched down last night. Spokes people for Boeing and united tech unit of which -- planes landing year. Said their companies would be -- investigations. So far we're not seeing a reaction in Boeing's stock will be keeping -- -- -- that. US stock futures are pointing to a higher open today with the weak earnings continuing. Nearly 13 of all at -- 500 companies have reported results by Friday. Reported results. Say. Our economic indicator for today their monthly home price index is looking good according to experts I have IROC home prices year over year rising by eight point 4%. Compared to the prior month seven point 0%. Educate their morning call it never follow us on Twitter -- -- insider and I think it up slash. I'm Lisa Bernhard.
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