William L. Moore
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JJ Kinahan On Apple's Earnings, Inability To Keep Secrets: 'We Haven't Seen The Magic'

JJ Kinahan, TD Ameritrade's chief market strategist, offered his take onApple Inc. 's earnings report.

Earnings Report, Reviewed

Speaking with Benzinga, Kinahan pointed out that Apple's stock has had a strong run, and — even including Wednesday's selloff — it is still higher by more than 2 percent since late September. Moreover, Apple's stock typically moves higher in the days and weeks after an earnings report.

Kinahan continued that while Apple's report on Tuesday does mark its first quarter of year-over-year revenue decline in 15 years, there is something more important that many investors are overlooking.

Ironically, the last time Apple reported a year-over-year decline in revenue was back in 2001 when the company just released the iPod.

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