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$FCX 2Q15 Call: FY15 outlook, copper sales outlook flat at EUR4.2Bil; gold at 1.3MM ounces for the year, oil equivalents of 52.3MM barrels, 67% crude oil. Our unit cost for copper also flat at $1.53 a pound, that would model out with operating cash flows at 250 copper or $3.6Bil each $0.10 change in copper for the remainder of the year is $190MM.
Apple ($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%."