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Two Ways To Play: Apple Proves Juicier, More Delicious Than BlackBerry


Strengthen your portfolio in good times and bad.

"Apple Beat RIMM"

According to Bloomberg, Apple (AAPL) sold over 10 million iPhones, reaching its stated goal 3 months ahead of schedule. CEO Steve Jobs called the number of iPhone shipments a "milestone" and boasted that "Apple beat RIMM." Fourth-quarter profits came in at $1.26 per share on revenues of $7.9 billion.

Looking ahead to next quarter, the company expects to earn $1.06 to $1.35 a share with revenues in the $9 to $10 billion range. Shares rose as high as 11% in early trading. Toddo mentioned Apple yesterday in Toddo on TV.

From the Bull Pen
: Apple has been trading in a range for the last few weeks. Those bullish can wait until the stock attempts to fill in the gap and approaches the $90 mark. Be conscious of resistance near $110.

From the Bear Cave: Look at Research In Motion (RIMM) attempting to form support near $50. But the challenges are great for this niche technology play. A close below that level wouldn't be a healthy sign.

Quick Check Around the World

Asian trading closed with the Hang Seng -5.50%, Nikkei -6.79%, Sensex -4.81%, Taiwan -1.62% and Shanghai -3.20%.

Glancing towards Europe, we see the CAC -2.94%, DAX -3.18%, FTSE -2.89%

As of 8:20 a.m. EST, S&P Futures are trading -30 to 930, and Nasdaq futures are -17 to 1275.

A Look At Commodities

Crude oil is trading -2.72 to 69.48. Gold is -15 to 752. Silver is -0.335 to 9.740 and copper is -11.20 to 200.70.

The dollar index is +1.611 to 85.601.

On the Radar


10:35 Crude Inventories

Click here for the full trading radar.

Happy hump day! Good luck!
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No positions in stocks mentioned.

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