This week’s Apple trading strategies (3/29-4/3)

A place for Apple traders and investors to share their best ideas — $2T bailout edition

To get things rolling, here is CNBC’s Josh Lipton reporting on a Toni Sacconaghi Apple note, Deutsche Bank’s upgrade from Hold to Buy and Tim Cook securing 10 million masks from Apple’s supply chain. Cue the video:

Below: Apple vs. the S&P 500…

Apple trading strategies 3-29

Disclosure: Although I am now an Apple shareholder (see Why I bought a share of Apple, my first), I am in no position to give financial advice. Don’t blame me if you drain your IRA doing something you read about here.

See also last week’s trading strategies.

7 Comments

  1. Jonny Tilney said:
    Sitting on my hands…

    0
    March 29, 2020
  2. Romeo A Esparrago Jr said:
    My take: Apple is doomed /s
    Apple will continue to launch products. Apple continue to be innovative. Apple will continue to repurchase shares. Apple will continue make money.
    Et-thetera.
    Maintains Buy rating, retains price target at $401.21 for 4/1/21.. 🙂

    4
    March 29, 2020
  3. Jerry Doyle said:
    Toni Sacconaghi…Is he still around?

    2
    March 29, 2020
  4. Gregg Thurman said:
    Toni Sacconaghi said something? Yawn. Thanks for the sleep aid Toni.

    1
    March 29, 2020
  5. David Drinkwater said:
    I’m gonna go out on a limb and suggest that AAPL share count could decline faster than revenue, keeping revenue per share flat to up. If I had free cash like Apple has free cash, I’d be dollar cost averaging right now.

    2
    March 29, 2020
  6. Fred Stein said:
    AAPL is -24.4% off its high. (-25.4% assuming buybacks, maybe more.)

    The 5 year DCF remains the same. It’s a great time to buy long term naked puts.

    Almost no one says this but AAPL is great stock for long term dividend growth. Long term being a decade or more, when I”m too feeble minded to manage anything.

    3
    March 29, 2020

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