5 months agoCiti’s Jim Suva:
Goldman Sachs’ Rod Hall:
Bernstein’s Toni Sacconaghi:
Tim Cook with CNBC’s Julia Boorstin:
Neuberger’s Daniel Flax
Mad Money’s Jim Cramer:
Loup Ventures’ Gene Munster:
Wedbush’s Daniel Ives, Chatham’s Colin Gillis and Hightower’s Stephanie Link:
CNBC’s Julia Boorstin with the Fast Money traders, Guy Adami, Dan Nathan, Karen Finerman and Brian Kelly:
You must be logged in to post a comment.
on Target: Chuck Schumer 'Microsoft was clearly delineated from Apple years and years ago as a software company that jobbed out the hardware it…' on Pew: Experts split on whether the metaverse will be a thing by 2040 'Now THAT’S what I call a pun! Thumbs up!'
on Target: Chuck Schumer 'I suppose “arguably” is approximately the same as my sense that Microsoft is on the fence dividing Google, Meta(stasis) and…'
on Target: Chuck Schumer 'Precisely. Therein lies the problem. The legislators don’t understand. For the same reason, I doubt that they will be able…' on Pew: Experts split on whether the metaverse will be a thing by 2040 'Luckily a Zucker isn’t born every minute!'
on Will Apple make a bid for Netflix in Sun Valley this week? 'S Lawton: Upvoted – Clever clever clever! 🙂'
on Will Apple make a bid for Netflix in Sun Valley this week? 'I hope JB Staubel, one EV genius behind Tesla, attends and meets Tim Cook.' on Will Apple make a bid for Netflix in Sun Valley this week? 'Like the Parsis with their dead, I would prefer Apple pick Netflix apart, piece by piece. A favored production house…'
on Will Apple make a bid for Netflix in Sun Valley this week? 'I wonder what they would talk about if Elon & Tim or Mark Z & Tim bumped into each other…'
Watching the market this month suggests the “gravitational pull” on equities is quite strong. Where does the share price go from here? What are the expectations of Apple 3.0 subscribers?
While the macro issues cannot be ignored, neither can Apple’s success. The Apple Submarine is literally countering those macro issues and is a very real force to be reckoned with. I have no doubt that it is largely what’s supporting the whole market today. Quite astounding to watch!
Next week, Apple comes back into the market, adding more lift to the stock beyond the ASR’s it’s put in place…
The absence of numeric guidance has been cited by those who -claim- to be driven by the numbers as rationale for “conservative” estimates and pessimism. (Of course, if stock ANALysts were actually driven by performance measures, many of them would be selling pencils on Wall St, given their abysmal track record.)
Not coincidentally, this will allow Apple to buy back more stock at a cheaper price than if they had issued quantitative guidance. If they again announce blow-out numbers for Q2, and provided Russia has not invaded Ukraine nor China Taiwan, then I predict the stock will pop to over 200. Disclaimer: I have no secret “model”; these are all just thoughts based on my gut feelings…
OTOH plenty of dry powder pulled aside recently just came back into AAPL and other tech, save for NFLX. Today roughly $20.8B changed hands (125M shares x ~$166.58 Ave share price) in AAPL stock.
Nice! Slight correction: Per Yahoo Finance, 175 M shares were traded. Using your $166.58 average, that’s (166.58×175=) $29,151.5 M….
AAPL -4.08%
MSFT -8.34%
GOOGL -7.94%
AMZN -13.64%
FB/META -10.30%
NVDA -22.34%
TSLA -19.91%
NFLX -36.20%
005930.KS Samsung Electronics -6.39%
Macro economics and concomitant emotion have already had some impact. While some more pressure may come, I doubt it will long or strong. Apple’s organic growth plus buybacks mitigate the downside. It seems the market finally gets this and sees AAPL as the safe haven since EPS can out-run T-bill rate increases.
This blow out quarter dispels all the old negative tropes. At the same time, weaker hands have once again, left the poker table.
The January market malaise was not figured-in by myself and I doubt by others on this forum. So, I don’t expend much energy worrying about extraneous matters of which few have influence over. I just know that we are in the midst of a new industrial revolution that will alter fundamentally the way we do business, work, live, play and communicate with one another. We are told that in its scale, scope and complexity that the transformation will be unlike anything humankind has experienced before now. One thing is clear, though, the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society. There is little doubt in my mind that the premier global technological company, Apple Inc., is on the cusp as a prominent leader in this revolution. Few companies can innovate and navigate successfully through this transformation of emerging technologies with a level of breadth and depth of understanding, and the ability to respond appropriately, as Apple, Inc.
It doesn’t matter if we have seven rate hikes or four. It’s irrelevant if Putin initiates another foray into the Ukraine. Geo-political events always happen. Along with the advent of a new global industrial revolution comes powerful growth. I don’t worry about the economy slowing because experimental, new and unique innovations will continue to jump-start the global economy at each cyclic economic occurrence.
WS analysts are beginning to understand better the company, Apple, Inc. As Apple moves to disrupt the Healthcare industry, recondition the transportation industry, refashion the payment industry, embrace the entertainment industry, and continues to pump through its product pipeline the most user friendly unique, innovative technologies available to humankind for enhance communication, work, learning and creativity then it only is a matter of time before that mental grasp of understanding Apple leads WS analysts to accept the stock’s higher deserved valuation. Apple’s stock price has the potential to double, triple and even quadruple as Apple moves into new growth sectors during the fourth industrial revolution. Folk need to come up from the weeds, stand tall and scan the horizon to glean where Apple is heading.
Thank you for the Rod Hall video. He reminds me of a losing football coach who just got pounded to the tune of 63 to 0, saying in the post game presser: “Had we not fumbled the ball 4 times and thrown 3 interceptions, we would have been in this game and the score is not indicative of how well our team played as they never quit.”
I’m also concerned that after being categorically wrong on Apple since forever, that Rod’s never seen anymore wearing a tie. Perhaps he’s using plastic utensils too?
“Products gross margin was 38.4%, up 410 basis points sequentially, driven by leverage and mix.
Services gross margin was 72.4%, up 190 basis points sequentially, mainly due to a different mix.”
This is astounding, adding huge value through innovation to the iPhone, Mac, Wearables and accessories hardware, YET increasing profitability of said hardware. Mac M1 we can easily see because of huge parts reductions and compact form factors, iPhones benefit from more unified architecture and maybe simplified construction, etc. so a lot of the revenue gains come from proper design and supply chain leverage, despite potential labor cost and production / shipping increases. And not to mention excellent pricing power in all markets.
In the video, he said Apple only outperformed S&P 500 by 6 percent. That is huge! How can Goldman be wrong with Apple for years and do not react? Their clients missed a multi billion (if not trillion) upside!
Just a sidenote: I hope Apple buys Peloton! Would be a perfect fit, like Beats some years ago.