Gavekal Capital: Apple still in "no man's land" post earnings release

Monday, October 28, 2013

Apple still in "no man's land" post earnings release

Apple's earnings conference call is going on right now. They reported pretty solid headline numbers ($8.26 EPS vs $7.94 consensus expectations, $37.5 billion in revenues vs $36.9 billion consensus expectations). However, the stock is down about 3% in after-hours trading.

Technically, the stock is stuck in "no man's land". Has the stock found support and the previous multi-year uptrend will again resume? Or is the stock just taking a breather before the underperformance of the past year accelerates to the downside? Only time will tell...

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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