Want to join the conversation?
$PFG 2Q15 Call: Net cash flow of $8.2Bil contributed to YTD flows of $17.6Bil driving quarter end assets under management to a record $540Bil. Assets under management were 4% higher than the year ago period despite $27Bil negative total Company impact from FX. Net cash flows & assets under management are leading indicators of future earnings growth
Apple ($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%."