Here are Thursday’s top stories:
Brian White at Topeka has the crystal ball on Apple (NASDAQ:AAPL), as his “Apple Monitor” is said to have accurately predicted a soft June quarter and now proclaims that the monitor predicted the “best July on record,” with sales of the Apple suppliers it tracks increasing by 14 percent month-over-month against an historical average of 8.5 percent. Already, Cirrus Logic’s guidance is driving hopes of strong autumn sales for Apple and its suppliers.
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Sprint Nextel Corporation (NYSE:S) shares move up notably on the news that its strategy chief Keith Cowan will be exiting as of Sep. 30th; the language is said to imply that Cowan may have been sacked, as in March, the Wall Street Journal said that shareholders were worried about Cowan’s “tough style” not being okay with potential partners.
PayPal’s (NASDAQ:EBAY) deal with the top Chinese e-commerce platform DHGate.com has come undone, as the latter, which claims to have over 3 million buyers and 20 million product listings, announced that it no longer accepts PayPal as a payment method, citing ‘mutual disagreements’. The arrangement represented PayPal’s biggest such deal in China, whose online payments market is dominated by Alibaba.Com Limited (ALBCF.PK), Tencent Holdings Adr (TCEHY.PK), and China UnionPay.
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