Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From broken Apple forecasts to James Gorman's victory lap, here are four charts that tell you what you need to know in business today. 

You're Wrong
Feel free to ignore coming analyst forecasts about Apple's future performance; they're likely to be very wrong.
Source: Bloomberg
Note: Apple's fiscal years end in September. Revenue estimates are the average of analyst estimates compiled by Bloomberg.
Hot Mustard
Reckitt just sold French's Mustard and Frank's RedHot -- among other items -- at an absolutely scorching multiple.
Source: Bloomberg
DUC Tales
A growing swarm of DUCs (drilled but uncompleted wells) should have OPEC nervous about the sustainability of any increase in oil prices.
Source: Energy Information Administration
Steadying the Ship
Morgan Stanley deserves a victory lap; the company is stabilizing its return on equity after years of choppiness.
Source: Bloomberg Intelligence

And don't miss Tara Lachapelle on T-Mobile's need to grow up a bit: "Regardless of whether T-Mobile merges with Sprint or another party (other possible candidates here), it needs to work on consumers' perception that its service isn't great. That means adding new subscribers from here will get more costly, a challenge for a company that already has tighter margins than its bigger rivals -- and those bigger rivals are only getting more powerful."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Max Nisen in New York at

To contact the editor responsible for this story:
Mark Gongloff at