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Apple Share Price Tumbles on Lower Guidance and Rival Gains

Spread betting video discussing the tumble in Apple’s share price, sterling’s continued decline on poor UK GDP data and the major upcoming events of next week.

This week, Michael Hewson is joined by Alex Young, Client Manager, to look at:

  • Investors focussing on good economic data – S&P 500 hitting 1,500 level
  • Apple’s falling share price
    • Investors spooked by lower guidance
    • Samsung reporting good results
    • Nokia and RIM also showing improvements
    • Analysis suggests that Apple could fall to 2011 peaks near $425
  • Disappointing UK fundamentals – UK Q4 GDP sees contraction
    • GBP/USD falls but analysis suggests we could still pull back to $1.5620
    • EUR/GBP gains as investors compare UK and German data
  • Next week’s FOMC and US Q4 GDP data

 

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Video content by Michael Hewson of CMC Markets

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