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$EQR said for 2016 it expects utilities expense to decline by approx. 3%. YTD, utilities expense was down 8.1%. Most of the expected growth in 2H16 on the utility side is due to the company's expectation of somewhat higher commodity prices later in 2016 versus to the historically low commodity prices that $EQR had in 3Q15 and 4Q15.
Apple ($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%."