Stock Market Today: Will Apple Keep Investors Waiting?

Why Apple and Conn's stocks are on the move today.

Jun 2, 2014 at 9:25AM

After ending May at an all-time high, the Dow Jones Industrial Average (DJINDICES:^DJI) has gained 21 points in pre-market trading, suggesting another push into record territory for the stock market today. World indexes rose almost across the board overnight, led by a 2% jump in Japan's Nikkei, while European shares were up 0.2% as of 7:30 a.m. EDT.

Market movers
Meanwhile, news is breaking this morning on several stocks that could see heavy trading in today's session, including Apple (NASDAQ:AAPL) and Conn's (NASDAQ:CONN)


Image source: Apple.

Apple investors who were hoping for a big new product unveiling at its Worldwide Developers Conference today could be in for a disappointment. Reports in both The Wall Street Journal and The New York Times this morning cited inside sources who said the tech giant won't introduce any new hardware like the rumored smartwatch or larger iPhone at this week's event. Instead, Apple is likely to unveil operating system updates, introduce a new health-tracking app, and announce a push into "smart home" software that can control lights, thermostats, and other electronics around the house, according to the reports. This means shareholders would have to wait a while longer to hear about the "new product categories" that CEO Tim Cook has said the company will target this year. Still, with Apple's shares up 54% since last July and a 7-for-1 stock split set for this week, investors should have plenty of patience these days.

Specialty furniture, appliance, and electronics retailer Conn's this morning posted surprisingly strong quarterly earnings results. Comparable-store sales spiked higher by 16%, which powered a 34% revenue bounce to $335 million. Wall Street was expecting sales to come in at $328 million. CEO Theodore Wright added in a press release that sales growth has kept its momentum in the current quarter, saying, "this growth continued into May with same store sales increasing 13%." Conn's profit, at $0.80 a share, also significantly beat the consensus estimate of just $0.73. The company benefited from a jump in furniture and mattress sales, which are more profitable than its consumer electronics products. That success helped gross margin improve by more than 1% to 41% of sales. Conn's also confirmed its full-year guidance for earnings of about $3.55, or slightly more than analysts' estimates. The stock was up 10.4% in pre-market trading.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Demitrios Kalogeropoulos owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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