Tuesday, October 23, 2012

AAPL: Ahead of Apple's (AAPL -1.5%) 1PM ET event,...

11:21 AM Ahead of Apple's (AAPL -1.5%) 1PM ET event, almost certain to center around an iPad Mini launch, 9to5 Mac leaks the specs for 13" retina MacBook Pro models (previous) that it claims will also be unveiled. Meanwhile, BGR has posted images a of a new regular iPad that could be either for a 4th-gen model, or (more likely) an updated 3rd-gen model. The pictures show an improved front camera, and an optically bonded display that reduces glare. (event webcast, available only via Safari) (Read the comments on this)

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FB: Facebook (FB +1.2%) is rallying ahead of...

11:36 AM Facebook (FB +1.2%) is rallying ahead of today's Q3 report - short-covering is likely a big factor (16.5% of the float was shorted as of Sep. 28). The bull argument: shares are down 48% from the IPO price and 27% since the Q2 report; monthly users just topped 1B; and Facebook is pulling out all the stops to improve monetization, with some success. The bear argument: U.S. PC activity is plunging thanks to the mobile shift, shares still carry lofty forward P/Es, and buyers could be cautious ahead of a huge Nov. 14 lockup expiration. (Read the comments on this)

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