July 13, 2012

WEEKLY MARKET DIGEST: EARNINGS SEASON FULL OF OPPORTUNITIES AHEAD

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

CHINA GROWTH LOWEST IN THREE YEARS

July 13, 2012

Chinese GDP growth fell to 7.6%, its lowest in about three years. The number is in line with expectations.

Moody’s lowered Italy by two notches. As expected, European markets responded by going up.

Expect a lot of short covering today.

Gold futures are at $1581, silver futures are at $27.36, and oil futures are $86.95.

S&P 500 resistance levels are 1339, 1348, and 1352; support levels are 1330, 1324, and 1312.… Please click here or the title below to read more.

July 13, 2012

APPLE LOSES GREEN CREDIBILITY WITH MACBOOK BATTERY AND REGISTRY WITHDRAWAL

In the latest MacBook Pro with Retina display from Apple (AAPL), the battery is glued to the case. Apple made it almost impossible for an average person to replace the battery.

From a teardown report from iFixit, it appears that Apple went out of its way to make sure that even professionals could not remove the battery. It took iFixit two days to remove the battery and in the process the battery was punctured.

I have ended up replacing the battery at least once in every laptop I have ever owned. A typical lithium battery becomes less than satisfactory after 300 to 500 charge cycles. … Please click here or the title below to read more.

July 13, 2012

AMERICAN INVESTORS UNDERESTIMATE HOW MUCH SLOWING GROWTH IN CHINA CAN HURT

Now it is universally accepted that growth in China is slowing. If a large number of communications that we receive are any indication, North American investors make two underestimations: first how much China’s growth is really slowing, and second how much it can hurt their investments in stocks, bonds and commodities, including gold and silver.

After a careful study of the Federal Open Market Committee (FOMC) minutes released yesterday, my view is that the subject of China’s slowing growth has become more important for North American investors.

China Is Slowing

The Chinese economy has been on a tear for a while but is now slowing.… Please click here or the title below to read more.

July 13, 2012