{"id":49024,"date":"2014-03-27T05:33:52","date_gmt":"2014-03-27T09:33:52","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=49024"},"modified":"2014-03-27T05:33:52","modified_gmt":"2014-03-27T09:33:52","slug":"wall-street-bloodbath-captured-on-live-tv","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/27\/wall-street-bloodbath-captured-on-live-tv\/","title":{"rendered":"Wall Street \u201cBloodbath\u201d Captured on Live TV"},"content":{"rendered":"<p>By <a href=\"http:\/\/ift.tt\/1dy17jo\"><u>WallStreetDaily.com<\/u><\/a> <img loading=\"lazy\" decoding=\"async\" width=\"510\" height=\"225\" src=\"http:\/\/ift.tt\/1duzKHN\" class=\"attachment-home-th wp-post-image\" alt=\"Wall Street &quot;Bloodbath&quot; Captured on Live TV\" style=\"margin-bottom: 5px\" \/><\/p>\n<p>Do rematches ever live up to the hype? I&#8217;ll let you be the judge.<\/p>\n<p>Last Friday, I was invited back on <a href=\"http:\/\/ift.tt\/1duzKHP\" target=\"_blank\">CNBC&#8217;s Closing Bell<\/a> to square off with Bert Dohmen of Dohmen Capital.<\/p>\n<p>The topic? The outlook for shares of the world&#8217;s largest company, <strong>Apple<\/strong> (<a target=\"_blank\" href=\"http:\/\/ift.tt\/1duzMiT\">AAPL<\/a>).<\/p>\n<p>The stock has been range-bound for most of the year, trading between $500 and $550. I don&#8217;t expect the sideways trading to last much longer, though.<\/p>\n<p>To find out why, all you have to do is click on the image below.<\/p>\n<p align=\"center\">\u00a0<a href=\"http:\/\/ift.tt\/1jOPbcs\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-28550 alignnone\" alt=\"smartwatch\" src=\"http:\/\/ift.tt\/1duzKHX\" width=\"500\" height=\"326\" \/><\/a><\/p>\n<p>As I shared during the segment, I expect Apple to make a major splash into the mobile payments <em>and<\/em> wearables markets. Both promise to drive sales and profits materially higher. And the stock is bound to follow suit.<\/p>\n<p>Now, I already provided all the evidence behind my <a title=\"Patent #20140019367 Threatens to Bring Down the U.S. Mint\" href=\"http:\/\/ift.tt\/1cMB2M0\">mobile payments<\/a> prediction. As far as the move into wearables, once again, patent filings provide the proof of Apple&#8217;s intentions&#8230;<\/p>\n<ul>\n<li>In April 2013, the U.S. Patent and Trademark Office published three patent applications from Apple (#<a href=\"http:\/\/ift.tt\/1duzMj5\" target=\"_blank\">20130085711<\/a>, #<a href=\"http:\/\/ift.tt\/1duzMj9\" target=\"_blank\">20130085677<\/a> and #<a href=\"http:\/\/ift.tt\/1jOP9RL\" target=\"_blank\">20130085700<\/a>). All three relate to improving the accuracy of pedometer readings in mobile devices &#8211; a key function for any wearable.<\/li>\n<\/ul>\n<ul>\n<li>Fast forward to February of this year, and Apple was <em>granted<\/em> a patent (#<a href=\"http:\/\/ift.tt\/1eLywlp\" target=\"_blank\">8655004<\/a>) for headphones that can detect head gestures and monitor the wearer&#8217;s activity, temperature, perspiration and heart rate.<\/li>\n<\/ul>\n<ul>\n<li>A few weeks later, and another patent application (#<a href=\"http:\/\/ift.tt\/1oP9s2Q\" target=\"_blank\">20140074431<\/a>) for &#8220;wrist pedometer step detection&#8221; was made public. It reveals that Apple is now honing in on a <em>location<\/em> for the wearable. Since it&#8217;s the wrist, the new tech might be an iWatch &#8211; or maybe a souped-up fitness band. Time will tell.<\/li>\n<\/ul>\n<p>Clearly, Apple wouldn&#8217;t be filing for patents &#8211; and refining technology that&#8217;s essential to a wearable device &#8211; if it didn&#8217;t intend to ultimately enter the market.<\/p>\n<p>In terms of timing, it couldn&#8217;t be more perfect. I say that because, based on the latest research out of Canalys, the wearable market is expected to grow by &#8220;mammoth proportions.&#8221;<\/p>\n<p>In terms of smartwatches, the firm expects five million units to be sold this year, up from only 330,000 in 2012.<\/p>\n<p>As for &#8220;smart bands,&#8221; the firm expects shipments to top eight million this year, over 23 million in 2015 and over 45 million by 2017.<\/p>\n<p>&#8220;Though currently a relatively small market serving fitness enthusiasts, wearable bands represent a massive opportunity in the medical and wellness segment,&#8221; says Canalys. Indeed!<\/p>\n<p>Apple has proved this time and time again&#8230; It doesn&#8217;t have to be the first-mover in the market to end up dominating the space. Especially since it can leverage its loyal user base to instantly gain traction.<\/p>\n<p>An analysis by <a href=\"http:\/\/ift.tt\/1duzMzE\" target=\"_blank\">Trefis<\/a> suggests that a move into wearables could add about $50 billion in value to Apple&#8217;s market cap, or about $50 per share.<\/p>\n<p>I think it&#8217;s a tad premature to make any such calculations, at least until we get a clear picture of the wearable product price points.<\/p>\n<p>Nevertheless, the conclusion is the same&#8230;<\/p>\n<p>If Apple enters the wearables market this year, as I expect, the move <em>will <\/em>have a meaningful impact on the company&#8217;s financials &#8211; and, in turn, share prices.<\/p>\n<p>Bottom line: In this increasingly valuation-crazed market, don&#8217;t let Apple pass you by. It&#8217;s legitimately underpriced and primed for the picking.<\/p>\n<p>Ahead of the tape,<\/p>\n<p>Louis Basenese<\/p>\n<p>The post <a href=\"http:\/\/ift.tt\/1duzMzF\">Wall Street &#8220;Bloodbath&#8221; Captured on Live TV<\/a> appeared first on <a href=\"http:\/\/ift.tt\/wCCKdg\">Wall Street Daily<\/a>.<\/p>\n<p>Article By <a href=\"http:\/\/ift.tt\/1dy17jo\"><u>WallStreetDaily.com<\/u><\/a><\/p>\n<p>Original Article: <a href=\"http:\/\/ift.tt\/1duzMzF\">Wall Street \u201cBloodbath\u201d Captured on Live TV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By WallStreetDaily.com Do rematches ever live up to the hype? I&#8217;ll let you be the judge. Last Friday, I was invited back on CNBC&#8217;s Closing Bell to square off with Bert Dohmen of Dohmen Capital. The topic? The outlook for shares of the world&#8217;s largest company, Apple (AAPL). The stock has been range-bound for most &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/27\/wall-street-bloodbath-captured-on-live-tv\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wall Street \u201cBloodbath\u201d Captured on Live TV&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49024","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/49024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=49024"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/49024\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=49024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=49024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=49024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}