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Fly Charts: Apple Pessimism and Under Armour's Long Stumble

From slowing drug spending to Indian mobile payments, here are four charts that tell you what you need to know in business today.
APPLE INC
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At Closing, February 21nd
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Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From slowing drug spending to Indian mobile payments, here are four charts that tell you what you need to know in business today.

Losing the Faith

The number of stock analysts who recommend buying Apple shares is at a nearly three-year low. It would be unwise to ignore that collective pessimism.

Source: Bloomberg

Note: Due to rounding, percentages may add up to more than 100%.

Knocked From Its Pedestal

Under Armour would very much like to leave its miserable 2017 in the past. But it may not be done stumbling yet.

Source: Company reports

Downturn

At least by one measure, drug spending is on the decline and isn't expected to pick up any time soon.

Source: Express Scripts

The Google Effect

With Facebook's entry, the already competitive market for mobile payment in India is set to get even messier.

Source: National Payments Corporation of India

And don't miss Marcus Ashworth on the BOE's tricky assumptions: "If you take Brexit out of the equation, as Governor Mark Carney and his colleagues are determined to do, then it makes sense to pay heed to the strength of the global economy. They're also more confident that there's genuine traction in domestic spending, with the consumer credit picture turning out to be far less worrying than they might have assumed a year ago.  From that perspective, a hike in May looks more likely, and makes sense. Short sterling futures reflect this, and traders have every reason to be more confident in their expectations for a faster pace of bank rate increases.

"It's a heroic assumption to say that Brexit doesn't matter. Carney's approach has its merits -- not least that it places a heap of pressure on the government to deliver a smooth divorce from the EU."

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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