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$ALLE, Allegion, plc has agreed, through one of its subsidiaries, to acquire AXA Stenman Holding. Transaction is expected to close in third quarter of this year, subject to regulatory approvals. AXA has approx. 320 employees, generated sales of approx. €60MM in 2014, & is expected to generate double-digit revenue growth in 2015.
Apple ($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%."