Apple Cede

Fly Charts: Tim Cook's Share Dump and a Jack Daniels Victory Lap

From Harvey's refinery impact to cancer-deal hype, here are four charts that tell you what you need to know in business today.

Tim Cook, chief executive officer of Apple Inc., leaves the stage at the conclusion of the keynote during the Apple World Wide Developers Conference (WWDC) in San Francisco, California, U.S., on Monday, June 8, 2015.

Photographer: David Paul Morris

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Harvey's refinery impact to cancer-deal hype, here are four charts that tell you what you need to know in business today.

Post-iPhone Drip

With a new iPhone en route, it seems odd that Tim Cook just sold a bunch of Apple stock. But the sale may turn out to be well-timed.

Source: Bernstein Research analysis

Processing The News

The huge gains in some refining stocks seem to be based on unrealistic assumptions about hurricane Harvey’s impact.

Source: Bloomberg

Clap Back

Brown-Forman is celebrating a great quarter. But the Jack Daniels maker may come to regret not selling at the top.

Source: Bloomberg

Note: GAAP calculation. Doesn't adjust for company's estimate of net change in distributor inventories, impact of foreign exchange or acquisitions and divestitures.

Staggered

Gilead's big money purchase of Kite is spurring speculation of more M&A to come. But it may not be the catalyst some hope it is.

Source: Bloomberg

And don't miss Leila Abboud on the tricky business of picking TV winners: "Investors have a simple choice: avoid all TV companies for the foreseeable future, or choose a few that can deliver returns in the short term. The former stance seems extreme. Even as money moves into online ads, television remains the best way to reach a mass-market audience and the main medium to build up brands. The latter means investors have to understand the differences in how each broadcaster has navigated the shift into digital or proven they can grow ratings with hit shows." 

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 mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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