Apple shares are under selling pressure as investors are taking profits before the iPad 3 release this Wednesday. From a Retina display rumor to a much better camera rumor, I predict that shares will continue to decline after its iPad 3 release. Ipad3 hype will disappoint in my opinion. An Apple TV and issuing a dividend can really be a positive growth driver in the future for Apple.
VALE- we saw massive Put buying today in all months. This could be against long stock position, therefore, Andrew Keene is staying away.
Arco- or “Arcos Dorados,” Latin America’s largest restaurant chain, reported revenues that increased by 21% YOY. Shares are trading lower by $1.04 or (5.01%) at the $19.73 level. Day’s range is $19.6-$21.2, 52 wk range of $17.62-$29.43.
By Greg Zimny