But why would Apple get into the health space in the first place? For starters, it’s a booming business. In 2013, a study by Kantar Media found that 25 percent of smartphone owners and 22 percent tablet owners use their devices to track their health, diet, or exercise that’s 55.7 million U.S. adults, up from 43.9 million the year prior, according to their numbers. Roughly 20 percent of Americans diet and 50 percent work out regularly. More and more of these people are using smartphones and apps to augment their fitness success. According to app analytics firm Mixpanel, health and fitness apps also do a better job of retaining users than the average app, and see more regular use. It would behoove Apple to foster this growing space—and perhaps get a piece of the fitness pie itself.
via What to Expect From Apple at Next Week’s WWDC | Gadget Lab | WIRED.
Don’t get your hopes high for a significant hardware announcement on Monday. This is, after all, the developers’ conference. We have to wait for the autumn for significant hardware news.
So I guess on Monday evening the high-flying price of AAPL may take a beating of 2-3%. We’ll see.
Official Google Blog: Just press go: designing a self-driving vehicle.
I think this is huge and Google will do very well if their tech will power the future crop of driverless cars
AAPL 620. Around here there is some technical resistance, so I just sold calls AAPL 650 Jan. 2015 @ 29.80 to match the calls AAPL 500 Jan. 2015 that I have in my portfolio – to take some profits off the table and bring the cost of the spread down to $59.2, for a potential maximum profit (if AAPL>650 in January) of $90.8 or 153%.
So now I have two AAPL Jan 2015 spreads:
Bull Call Spread 450/600, cost $27.22, current price $120, target $150 (+451%) if AAPL>600 in Jan
Bull Call Spread 500/650, cost $59.20, current price $95, target $150 (+153%) if AAPL>650 in Jan.
Morgan Stanley said institutional investors will be more likely to allocate more Apple stock in their portfolios as the new product launch date nears. This will give the stock more room for growth in terms of share price.
Analysts said the top 100 holders of Apple stock are „significantly underweight” compared to other tech stocks that have an overweight bias. Morgan Stanley believes this will provide more room for an upside in share price.
By the end of the first quarter, major investors allocated 2 per cent of their portfolios for Apple Inc. The figure is 2.2 per cent lower in the fourth quarter of 2013 and the low end of the usual range of 1.6 to 4.5 per cent.
According to reports, Apple is the only tech company with a large market cap with an institutional ownership of below the S&P 500’s 3.2 per cent.
via Apple Inc (AAPL) ‘Significantly Underweight’ Among Top 100 Holders of Stock – International Business Times.
Front National wins European parliament elections in France | World news | theguardian.com.
Also in Austria and Denmark, and Syriza in Greece, with Golden Dawn also significant, despite arrests. Go Euro!