Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, January 17, 2007

Apple A Star

Apple is the star of the month, it seems. It announced a surge in profit and revenue, as iPod's were shipped all over the world (21 million shipments) as Christmas presents. I know several were shipped to Clinton, MS...one came to my house! The Dow reached an all-time intraday high, but traders backed off at the end of trading, leaving us just slightly behind. The Fed's beige-book report is to thank. J.P. Morgan posted a 68% increase in quarterly net income, and AMR had its first "good" year since 2000. Despite the nasty weather, it's feeling good on Wall Street. Now, if I can just figure out how to use my iPod... DJIA: -5.44 Nasdaq: -18.36 S&P 500: -1.28