BEA Prelim. July Rpt: Q2 2014 US GDP Strengthened to +4.0%, Up From Weak -2.1% Q1

Q2 report reverses negative trend (Up, then Down, now Up), up a huge 6.1% quarter-over-quarter, strength driven by Personal Consumption and Private Investment. Best GDP result in three quarters. Survey of 43 economists has consensus Real GDP of ~3.0% for second half of year:

Apple 1 Year Daily Technical Chart

50 Day vs. 200 Day Golden Cross-Over in Sept-2013. 200 Day Crossing Lower Support Level. Fundamental Story is Still Strong. $104.79 Consensus Analysts, $97 @Trefis Price Target: