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$MAR repurchased 1.3MM shares in 4Q15 for $93MM. For 2015, $MAR repurchased 25.7MM shares for $1.94Bil at an avg. price of $75.48. To date in 2016, $MAR has repurchased 3.7MM shares for $225MM. On Feb. 11, 2016, the BoD increased the share authorization to repurchase shares by 25MM for a total authorization of 35.7MM shares as of Feb. 17, 2016.
While all of us are busy with crunching earnings numbers that are flowing in this week, keep an eye on WTI Crude prices also for broader economic trends. Russians have rejected any production cuts after OPEC nations recently decided to cut oil production. OPEC had finally decided to cut prod to spur up prices! What sectorscan be most affected if prices do go up in the next 6 months? Airlines for sure! Image courtesy: Bloomberg
Apple ($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%."