Taking a bite out of Apple's stock price
The world must be upside down today with Cisco Systems shares up more than 6% on a stronger than expected earnings report and Apple's stock losing ground after a downbeat note from a research firm.
Apple is trading down 2.5% on speculation that the much cheaper Amazon Fire tablet will limit sales of the iPad during the holiday season. The stock broke below its 50-day moving average on higher-than-average volume.
Meanwhile, shares of Cisco Systems are trading at a new 50-day high after the network equipment juggernaut reported earnings and revenues above the consensus.
On the other end of the performance spectrum is Green Mountain Coffee Roasters, which lost more than 35% of its market capitalization overnight as its revenue growth figures fell short of expectations.
The stock of the packaging company has been lately plagued by accusations of accounting irregularities by prominent hedge fund manager David Einhorn and growing investor concerns about the approaching patent expiration on the K-Cup, one of Green Mountain's major products.
These are among the most popular themes on StockTwits this Thursday:
bespokeinvest Cisco up big, Apple down big -- it's 1999 all over again! $CSCO $AAPL
CDMCapital $AAPL singlehandedly tanking the Nasdaq. about 4X the size of $CSCO making it difficult to get tech going here...
IRON100A $AAPL has the world finally figured out that the iPad is just too expensive for most consumers?
StockTwits At the Hedge Fund hotel, the Exit Door is always too small.$AAPL breaking $390 has the stream abuzz http://stks.co/14Qy
techinsidr Huge beat from $CSCO- EPS $0.43 vs. $0.39 / underscores the strength in enterprise.
OptionRadar What our market has become.... More talking about $GMCR miss than the $CSCO beat ...momentum chasing vs value
firstadopter $GMCR deserves to trade down 10-15% on a 6% sales miss, but -35% is over-reaction when 3rd-party NPD sales data still showing rocking sales
Copyright 2012 by CNN NewSource. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.