Diamonds and Dogs
The basin just got bigger. Great Basin Scientific (GBSN) is shooting up over 80% following better than expected earnings. The company has struggled to produce positive results, but last night the company reported 59.4% growth in revenue and 119.8% customer growth year-over-year. Later this month the company will provide customer acquisition targets and 2016-2017 product roadmap, but for today, the stock is a diamond.
Don't lose your phone because today's dog might not be able to replace it. Apple (AAPL) is trading down 2% dragging the Dow and Nasdaq into the red on continued rumors of weak demand. Nikkei.com came out with a report that yet again says that Apple is going to be continuing its production cuts for the current quarter. The article says that slow sales of the iPhone 6s and 6s Plus has forced Apple to adjust its inventories. Apple will report earnings on April 25th so we'll get the true in a couple weeks