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Analyst pessimism failed to derail Apple, and McCormick soared after raising its guidance
Tim writes about technology and consumer goods stocks for The Motley Fool. He's a value investor at heart, doing his best to avoid hyped-up nonsense. Follow him on Twitter: Follow @TMFBargainBin
Trouble for Apple's iPhone 11
While Apple has been growing its services business to reduce its dependence on the iPhone, the device remains by far the most important contributor to the company's revenue and profit. iPhone sales have been declining in a weak market for smartphones, and the latest launch doesn't appear to be helping, at least according to a pair of analysts.
A guidance bump from McCormick
Shares of spice company McCormick were up 7% at 1:20 p.m. EDT, following a mixed third-quarter report. While McCormick's revenue came in a bit short of expectations, a boost to its full-year guidance for earnings per share was enough to make investors happy.
