SAC: federal grand jury indicts hedge fund for insider trading

Federal grand jury indictment alleges that SAC maintained elite group that has traded on insider information since 1999 A federal grand jury has indicted SAC Capital, the embattled hedge fund that has been pursued by financial authorities for years, for insider trading after regulators failed to charge its powerful founder, Steven A Cohen. The US … Continue reading

Cheapest Apple shares in 12 years signals ‘Buy’ to some of world’s biggest investors

“The cheapest Apple Inc. shares in 12 years are encouraging some of the world’s biggest investors to bet that the stock will rebound after losing 33 percent of its value on concern about slowing profit growth,” Lu Wang and Leslie Picker report for Bloomberg News. “The world’s largest company by market value is trading at … Continue reading

Apple’s earnings expectations have no basis in reality

“Apple (AAPL) reported earnings last month and although record revenue and profits were seen, shares were punished, falling almost $64 in one day to settle in the $450 area they still trade in today,” Josh Arnold writes for Seeking Alpha. “So why did market participants punish Apple shares so harshly? Disappointing guidance was the culprit. … Continue reading

One more culprit behind Apple’s sell-off

“Over the past several months, much Foolish ink has been spilled over why Apple has had such a monstrous pullback from its all-time highs set on the same day that the iPhone 5 launched,” Evan Niu writes for The Motley Fool. “Inevitably the sell-off is tied to everything from perceived iPhone 5 shortages (which are … Continue reading