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Cash on hand at the end of 3Q15 was $2Bil for $MPC. Core operating cash flow was a $1.5Bil source of cash and in 3Q15 returned $327MM to shareholders. Share count at 3Q15 end was 534MM shares. $MPC is expecting 4Q15 throughput volumes of 1.8MM barrels per day, down slightly vs. 4Q14 due to more planned maintenance in 2015.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."