FA Notes Wednesday December 22, 2010
Elaine Garzarelli on being bullish on the stock market: “In Japan, after they implemented QE1 [quantitative easing], and they did it with aggression, the stock market [Nikkei] went up 50 percent. The second time they did it with aggression, like we’re [U.S.] doing it, the stock market went up 80 percent. When they stopped QE, the stock market went down 50 percent” Link
Investment themes by year 1996-2010. Link
November existing home sales 4.68M vs. 4.65M est. +5.6% m/m
Q3 GDP 2.6% vs. 2.7% est.
AAPL – Apple says Apple TV will top 1 million units sold later this week. iTunes users are renting and purchasing 400K TV episodes and over 150K movies per day. Link
ATVI ERTS – Activision sues Electronic Arts for $400M over Infinity Ward tampering. Link
ATVI – Activision announces Call of Duty: Black Ops passed $1 billion of sales. Link