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…
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.
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.. 🙂
If one looks at the monthly chart, one sees that AAPL, while down, is pretty consistently above the S&P 500 by about 4.6%. It’s a little less consistent, but on the quarterly chart, AAPL, while still down, ends up about 7.1% above the S&P. For the semi-annual, AAPL is up 18.1% over six months while the S&P is down 14.2%, or a difference of 32.3%. For the yearly, AAPL is still up over the year 36.9% (!) while the S&P is down 9.7%, or a difference of 46.6%. And so on.
Thus, AAPL is a far safer haven than stocks generally. Indeed, if one looks at AAPL vs the S&P from AAPL’s IPO, it is presently up 24 times the percentage of the S&P (1,772% vs 40,555%).
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.