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$ADM 2Q15 10-Q: Segment Revenues: Oilseeds Processing $8,239MM vs. $9,662MM in 2Q14; Corn Processing $2,592MM vs. $3,243 MM in 2Q14; Agricultural Services $7,833 MM vs. $10,022MM in 2Q14; Wild Flavors & Specialty Ingredients $687MM vs. $298MM in 2Q14; and Other $158MM vs. $129MM in 2Q14.
While all of us are busy with crunching earnings numbers that are flowing in this week, keep an eye on WTI Crude prices also for broader economic trends. Russians have rejected any production cuts after OPEC nations recently decided to cut oil production. OPEC had finally decided to cut prod to spur up prices! What sectorscan be most affected if prices do go up in the next 6 months? Airlines for sure! Image courtesy: Bloomberg
Apple ($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%."