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Trading Ideas

Apple Shares End Years of Discount as Earnings Risk Seen Waning

(Bloomberg) — Apple Inc., the largest U.S. company by market value, has gotten little respect from equity investors. Until now.For the first time since 2011, shares of the iPhone maker have traded at a higher price-earnings ratio than the S&P 500 for months amid a year that saw the stock’s valuation almost double. It’s a reversal from the previous nine years, when concerns over a lack of product innovation kept the stock at a persistent discount to the market.Credit the shift in sentiment to Apple’s focus on tapping an ecosystem of nearly 1.5 billion users to generate a steady stream …read more […]

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Trading Ideas

Fear Hits Tehran Over What Might Come Next

(Bloomberg) — Their supreme leader promised revenge and thousands gathered in Tehran to watch American flags burn, but any show of defiance after the assassination of their most prominent military man is laced with anguish for many Iranians.In the capital, the strike that took out Al Quds commander Qassem Soleimani capped a year that had already been dominated by turmoil and fear as the country’s finances crumbled, the authorities struggled to contain civil unrest, and provocation of the U.S. backfired.“It’s a nerve-racking situation that only adds to the likelihood of more unforeseen circumstances,” said Hossein, 44, sitting on a park …read more […]

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Business News

Manager at Turkish jet operator told authorities he helped Ghosn escape because of threats: newspaper

A manager at Turkish jet operator MNG Jet has told authorities that he assisted unwittingly in the escape of ex-Nissan boss Carlos Ghosn from Japan because he had been threatened by a former acquaintance, Hurriyet newspaper reported on Saturday.

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