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New York, NY -- (SBWIRE) -- 11/08/2012 -- The continued drop in Apple (NASDAQ:AAPL) share price has meant that its stock temporarily crossed a key mark on Wednesday, falling more than 20 percent from its September record high to flirt with official bear-market territory. Apple was down at $556.04, a four-month low, in intraday trading on Wednesday to mark a 21 percent decline from the record closing high of $702.10 on September 19. It eventually ended the day down 3.83 percent at $558, 19.28 percent below the high mark. Apple’s stock reached those peaks less than two months ago as the company released its sixth-generation iPhone, but supply constraints have continued plaguing the new device and have now also hit hit the company’s new tablet — the iPad mini. On Wednesday, the chairman of Hon Hai Precision Industry, Apple’s main manufacturer, told reporters that production of the new smartphone was still an issue and that it was shipping “far fewer” iPhones than requested. That promptly led to investors displaying a loss in confidence.
Should Investors Buy AAPL After The Recent Slump? Find Out Here
Bank of America C (NYSE:BAC) are trading at $9.23 and is -0.42% from its 50-day Moving Average price of $9.2691 and +13.58% from its 200-day Moving Average price of $8.1266. The average trading volume is 137608000 shares and its market capitalization is $99.482B. Bank of America Corp (NYSE:BAC): Bank of America Corp. felt some heat over their aborted $5 monthly debit card fee and their recent untenable requirements, since reversed, for customers in Sandy’s path to receive fee waivers. However, in a recent report issued by the research and consulting firm Celent, the bank received top scores for new customer assistance at branch locations as well as for being well-versed in the subtleties of mobile banking. In fact, Bank of America did so well that they earned the firm’s XCelent Service Award.
Should Investor Hold or Exit From BAC: CHECK NOW FOR FREE
JPMorgan Chase & Co. (NYSE:JPM) is said to be near a resolution with the Securities and Exchange Commission through which to end a inquiry into mortgage bonds issued by the firm’s Bear Stearns business. No settlement in this matter is expected to exceed the $550 million that Goldman Sachs (NYSE:GS) paid in 2010 over CDOs. However, after a settlement on the bonds JPMorgan will have to face another investigation by the Commission into mortgage bonds, along with lawsuits from New York States and the Federal Housing Finance Agency. JP Morgan Chase & (NYSE:JPM) is -2.40 - -5.60% from the previous close of $42.88. It traded between $40.31 - 42.01 with total traded volume of 47631168 shares. At Current Market Price, JPM is in distance of -2.73% from its 50-day Moving Average price of $41.6159 and +6.75% from its 200-day Moving Average price of $37.9207.
Should JPM Find The TOP: CLICK HERE FOR FREE ANALYST REPORT
Walt Disney (NYSE:DIS) will unveil its latest earnings on Thursday, November 8, 2012. Walt Disney is an entertainment company with operations in: media networks, parks and resorts, studio entertainment, and consumer products. The average estimate of analysts is for net income of 68 cents per share, a rise of 15.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 71 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 69 cents during the last month. Analysts are projecting profit to rise by 21.3% compared to last year’s $3.08. Last quarter, the company beat estimates by 8 cents, coming in at profit of $1.01 a share versus the estimate of net income of 93 cents a share. It marked the fourth straight quarter of beating estimates. There are 15 out of 25 analysts surveyed (60%) rating Walt Disney a buy.
Should DIS Going Down or Support From Here: To Know More JUST CHECK HERE
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