What it means that Apple et al. all report earnings next week (video)

It hasn’t been good for the markets, historically, when the world’s five most valuable companies report in the same week.

From CNBC’s “The Chartmaster bites into one Big Tech name ahead of next week’s earnings” posted Friday:

Cue the video:

My take: Apple is the tail that swings the market.


  1. Adam Foster said:
    160 sounds good to me…

    July 24, 2021
  2. Romeo A Esparrago Jr said:
    Mr. Philip, you posted the half empty slide. He also presented the half full slide which I like better.

    With the classic answer of “ it depends…”

    July 24, 2021
  3. Jerry Doyle said:
    Isn’t it exciting to be an Apple investor! To own a piece of history’s most exceptional company. Regardless of deniers, such as the NYT, no other company in my lifetime ever had a more moral compass and desire to do what is right for humanity than Apple, Inc. I say this not because Apple has made me a multi-millionaire through my stock investment in the company (which causes me to marvel daily), but I say this because it is difficult to find through examination where Apple ever has pursued anything but reverent undertakings. I believe the most monumental decision this company ever will undertake is who becomes the next CEO to maintain and to push forward Apple’s heritage.

    July 24, 2021
  4. Michael Goldfeder said:
    These charts are reminiscent of a Quarterback throwing for 500 yards and 7 touchdowns, yet his team lost the game 45 to 42. So does that mean he didn’t have an impact on the game? He doesn’t play on the defensive side of the ball so how is that loss his fault?

    It gets back to the old phrase of it’s: “A Market of Stocks, NOT a Stock Market.”

    Investors have had many opportunities to get on the Big Tech bandwagon as opposed to falling for the head fakes of: “Market Rotation” into the value and cyclical stocks.

    My sense is, as with most everyone on this site, find me a better stock to own than Apple? From time to time I dabble in a few other names, but my Apple is a long term hold as I believe it is for everyone else based on the comments I read.

    Jerry’s story of his $3,500.00 investment in his daughter’s account back in 1997 that has grown to $5.3 million is an example of what holding Apple is all about.

    My other example is a very good friend who told me the last time he sold his Shares of Apple they announced a stock split of 7 for 1 a week later. He said: “I could have stabbed myself!” Didn’t Warren Buffet say essentially the same thing after his Lieutenant sold 750,000 shares of Apple?

    With the buybacks and the float coming down everyday, this ride is as close that any of us will experience to riding Secretariat at the Belmont! I’m staying on the saddle!

    July 24, 2021
  5. David Emery said:
    “What it means that Apple et al. all report earnings next week”

    Apple is doomed! 🙂

    July 24, 2021
  6. David Baraff said:
    So Apple has reported exceptional performance for the past two quarters. And the market has just gone, “meh.”

    Why on earth would anyone in their right mind expect that when Apple reports earnings next week, that AAPL will do anything other than either fall, or stay where it is? At this point, it feels like it would be downright irrational of us rational folks to expect that the irrational folks out there suddenly begin reacting like rational folks…

    Or, as Bilbo might have said: “I don’t think half of you are as half as rational as I should like; and I think less than half of you are half as rational as you think you should be.”

    July 24, 2021

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