From the technical prospective, CAT shares are below the 200, 150, 100, and 50 day moving averages. The copper market is also below these moving averages, echoing the bearish technical set-up.

In recent news, Susquehanna analyst Ted Grace lowered his 2013 EPS estimates from $8.00 to &7.45. And just today the ISM index fell to worse-than-forecasted levels…both not helping the CAT bulls in the short term.

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Author
salernoma@mx.lakeforest.edu

Many remain wary of the Bitcoin market.  A series of highly publicized Bitcoin “thefts” by hacking groups have left even Bitcoin veterans with concerns about the security of the online storage systems, referred to as “wallets”, used to house individual’s stores of the currency.  Many national governments also fret over the “untraceable” nature of the currency, fearing that the surge in value may be bolstering the holdings of illicit drug dealers or terrorist organizations.  Traders should look out for further attempts by national governments to regulate Bitcoin markets, as some fear that a successful attempt to do so would remove the novelty from Bitcoins as an instrument and pop what many see as an overvalued commodity bubble. 

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William Randall
KOTM Contributor
wrandall1@luc.edu

EV/EBITDA is an interesting metric to use here. This multiple is a comprehensive figure used by most professionals, in addition to PE ratios. Enterprise value takes out cash, so AAPL’s valuation is organically displayed without its massive cash hoard. This does not mean however that one should go out and load the boat on AAPL, for technicals and traders control the tape in the short run. Fundamentals do, however, prevail in the long run. The longer time period is what most investors are playing for in AAPL. The firm is expected to announce a series of product refreshes later this year, around Q3.

salerno.mark.a@gmail.com