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Refining company $WNR has closed the sale of certain terminalling, storage and other logistics assets from St. Paul Park Refining Co. (SPPR), a wholly-owned subsidiary of Northern Tier Energy and indirect wholly-owned subsidiary of $WNR to $WNRL. The purchase price paid by $WNRL to SPPR consisted of $195MM in cash and $15MM of $WNRL common units.
Apple ($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%."