April 24, 2009
Posted: 1450 GMT
By now we are just about equal on reds and greens – which makes Thursday's crop of Apples signficant. Here we go.
Apple – This was one of the easiest Greens of the week. With strong sales of 3.7 million by iPhone, and nearly 1 billion downloads from the App store, Apple easily topped expectations.
UPS – A solid Red as the Brown van company failed to meet expectations This is hardly surprising, since as the recession takes its toll on business and consumers alike there is less demand to ship products. Whilst all this is obvious, we give UPS a red apple because shipping volumes continue to fall and guidance has to be lower
Concoco Philips – The company is the third largest US oil producer. Even though its profits fell, it was less than the consensus had believed. And there is some hope that the company is improving production which should pay dividends in the future…oil prices are likely to rise over the rest of the year so a Green apple for black gold.
Herschey – Any company that gives us comfort during a recession with chocolate deserves a Green apple (and the fact it managed to raise prices and hold its share is the icing on the chocolate ho hoho)