Robert Paul Leitao on Premarket: Apple is red - 'Into the final hour of trading today and Apple is off just $0.15 at $310.70. Apple supplier Broadcom is up $4.65 or 1.10% at $426.51. Microsoft is up $13.55 or 3.28% at $426.22 on news the company will release a new coding model next week. IBM is ahead $9.08 or 3.56% at $264.28. The company has announced a plan to invest more than $10 billion in additional funds to deliver the first large-scale and fault-tolerant quantum computer by 2029. There’s a lot occurring in the tech world today!'
on Premarket: Apple is red - 'Good for the goose etc. if the FBI can use this technique on citizens, why shouldn’t our enemies use it on us?'
on Premarket: Apple is red - 'The latest US Commerce Department’s inflation report is out today: Increased to 3.8% in April, up from 3.5% in March and the highest since May 2023. Month-to-month, prices rose 0.4%, down from the 0.7% jump in March (but of course that means >1% in only 2 months). In addition to the direct kick to gasoline prices from Trump’s Iran attack, prices of groceries, clothing and electricity are also now tracking up, no doubt as secondary effects. Today’s report also indicated that Americans’ after-tax, inflation-adjusted incomes fell for the third straight month, while spending, adjusted for inflation, barely rose. So the squeeze tightens for most Americans, and the likelihood of the Fed having to increase interest rates is no doubt also increasing. Which should be trouble for both markets and the new Fed Chair. Trump’s recent comments concerning increasing costs of living include that increases in gas prices by more than 50% is “peanuts”, and that he doesn’t consider Americans’ personal finances “even a little bit” when making his decisions. All of which is to say the decisions coming out of the government may continue to make inflation worse and increase the likelihood of an interest rate increase and market pull-back. Apparently what history has shown to be the absolute political certainty of the truth of “It’s the economy, stupid!” is lost on some, these days.'
on Apple at $310.85: May's ninth record close - 'Darren, that’s a good question, particularly for YoY compares, which will be difficult from FY26Q1’s outsized performance. Parekh, Ternus and Cook will give some color during FY26Q4 and end of FY earnings report and then guidance into FY27Q1 and what to expect. While I don’t think they will explicitly give details about which models they will release, they may suggest their release schedule may “smooth out” revenues for 1H-FY27, suggesting slightly lower Q1 and moderately larger Q2. Managing expectations for Q1 will be key if a release transition occurs. A lot depends on whether the current base iPhone 17 remains available at current price (still good sales), or whether it gets discounted in Q1 (sales boost anyway for value buyers), or that discount and boost is delayed to Q2’s introduction of the iPhone 18 base model. OR, maybe Apple thinks the Ultra Fold could, theoretically made up a considerable chunk of revenue offsetting the delay in the iPhone 18 base model. Hmm, I’ll work on a revenue projection.'
on Premarket: Apple is red - 'AAPL continues to move as if it were covered in molasses – which, of course, it is. But so is every stock that’s at the mercy of options and it’s machinations. For 14 years, Apple has fought to free itself from the chains of manipulated sentiment, and slowly but surely, it has succeeded. That doesn’t mean that the magnet of Max Pain is completely powerless even now, but it’s waning impact can be seen as the ranks of Apple’s investors increasingly grow over time relative to the numbers of AAPL traders. There will be those who say I have no proof, but the circumstantial evidence of waning volumes and shallower percentage pullbacks over approaching 15 years now is more and more conclusive to me. Even the big Berkshire Hathaway selloff goes hand in glove with the temporary stalling of these decreasing volumes, as the impact of throwing a massive number of AAPL onto the open market was bound to give AAPL options traders new life. We haven’t, and won’t be, missing out on Apple’s fabulous future principally because I evolved this thesis of mine nearly 15 years ago, and it helped us to stay the course. That’s good enough for me.'
on Premarket: Apple is red - 'Debrovnik is an amazing, beautiful city. My wife and I were there a few years ago. Many scenes from the HBO show Game of Thrones were filmed around the city. Scenes from the Red Keep and one other castle (I forget which one) from the show were shot there as was Cersei’s walk of shame, and many other memorable scenes. If you’re a Game of Thrones fan, it’s a must visit city and tour.'
on Apple at $310.85: May's ninth record close - 'Is anyone else worried that should the base model be rescheduled to early in the following year that it will disrupt Q1 which is always apple’s biggest quarter? How will the market react in the short tern? Sell first, ask questions later?'
on Premarket: Apple was red, turned green - 'The original iMacs were also a huge risk and look where they are now. Ive and Newson are hugely talented, intensely rigorous and considered designers, I don’t think this is a bit of a punt. Too early to tell with the Luce and Vision Pro. Apple Tv was a ‘hobby’ for a long time. More than likely it give some idea as to where Titan may have ended up.'
on Premarket: Apple was red, turned green - '” For now, he can choose between satellite and 5G terrestrial radio internet.” For over a year I relied exclusively on 5G cellular for internet connectivity. Last month I finally got TDS Fiber in my 130 yo neighborhood. Speed test on my WiFi says I’m getting about 400 gig up and down now. Except for being a little bit more reliable I’m not seeing a discernible speed boost. Cellular for my iPad cost me $10/month. TDS Fiber WiFi costs me ~$50/month. I’ll be interested in seeing what satellite service, when it’s available, will cost.'
on Apple at $310.85: May's ninth record close - 'Insert your favorite recording of Joni Mitchell’s “Big Yellow Taxi” here….'
