Joseph Bland on Apple at $333.74: Third all-time high in as many days - 'Hi Bill. Yep. My favorite: “Apple preserved its shareholders’ wealth because they focused on their customers.” What Horace pointed out elsewhere in his stellar analysis is that “Free cash flow is wealth and it belongs to shareholders.” This is why I’m happy I signed up for Asymco One. What a pleasure reading Horace! And that “Amazon, Alphabet, Meta, Microsoft and Oracle decided to transfer their shareholders’ wealth to the shareholders of Nvidia, Micron, Broadcom and Applied Materials”. Pretty darned simple, really. And pretty darned damning.'
on Apple at $333.74: Third all-time high in as many days - 'The last two paragraphs perfectly summarizes the story of what’s been going on with and in AI for the last two years!'
on Apple at $333.74: Third all-time high in as many days - 'Now HSBC analyst upgrades AAPL to new $366 price target: https://www.thestreet.com/investing/stocks/hsbc-upgrades-apple-stock-price-target-ahead-of-earnings'
on Apple analysts argue the stock round and flat (video) - 'I agree (and have been saying here for several years) that the primary risk to Apple the company is regulatory attacks. And the more Apple is successful, the bigger the target it gets for regulators (particularly those who start with the proposition that “big is inherently evil,” including but not limited to EU.) Apple is one of those stocks that rises before earnings, and drops like a rock afterwards, in the best tradition of ‘buy rumors, sell news.’ But that’s OK. People who like options can ‘play the pattern.” The rest of us can just ignore it and watch the general trend for compares (particularly comparisons to the same quarter previous years, because a lot of Apple’s business is cyclical.) In the meantime, ignore the ANALysts and talking heads.'
on Apple analysts argue the stock round and flat (video) - '@Richard A few years ago an opinion piece in The Economist compared Apple to IBM saying both had staying power because of their mission statements. Neither is wedded to a particular product or technology. IBM’s mission is to bring technology to business so they could transition from typewriters to computers to quantum computing and other things. Apple’s mission is to bring technology to consumers so they could transition from Macs to iPods to iPhones to whatever comes next. They have said that there is no fear about cannibilizing any product. Better they do it than a competitor.'
on Apple at $333.74: Third all-time high in as many days - 'Look at all that green right after the Apple 3.0 dinner.'
on Apple at $333.74: Third all-time high in as many days - 'I’m both surprised and super excited that AAPL held its ground on a Friday after such significant gains. Go Apple, go AAPL!'
on Apple analysts argue the stock round and flat (video) - 'But maybe, as Shel (Uncle Shelby) Silverstein once sang, “It does not pay to be too hip.” 🙂'
on Apple analysts argue the stock round and flat (video) - 'Hey John, I agree. It is always about the guidance. Less so about results these days. But as Apple is very pricey these days, results may matter more than before. I would add a couple of things that could go wrong. First, as Apple continues to succeed, it will invite more regulatory scrutiny. I think this is probably the biggest thing for Apple to continue to navigate. Still a possibility is that Apple could lose its way with the hardware and or software. Like the gnashing of teeth that they had with the Siri problem a couple of years ago. Maybe they don’t do a good job with the foldable or with future iterations of the Apple Vision Pro. I am not saying these things will happen. But they are all potential landmines that a company like Apple will have to try and avoid.'
on Apple analysts argue the stock round and flat (video) - 'Round? Flat? Maybe for Apple, as Huey sang, its hip to be square.'
on Apple analysts argue the stock round and flat (video) - 'In an economics class I took, the professor mentioned something interesting that impacts how I feel about Apple. He was talking about when to be in index funds and when to focus on individual stocks. When the market is chugging along, index funds work great, even in recessions and pullbacks. Because almost everything is doing great. But during massive pullbacks, such as depressions, index funds do not work as well as finding the right stock. Using the Depression as an example, it took the Dow 25 years to regain the highs it had before the crash (10 years if dividends were reinvested). But if you had been invested in IBM (necessary for Social Security numbers to be crunched) or Coca-Cola (people gotta drink), you would have seen huge returns in that time. I think Apple is the IBM of any coming tough times. And the smart money now recognizes this and is moving into it. It suggests to me that the smart money is increasingly worried about the economy and that Apple is the defensive stock to hold.'
on Apple analysts argue the stock round and flat (video) - 'Apple is smarter than the average bear. It’s AI strategy was the appropriate thing from the beginning. The fact that it takes time to get Siri, integrated with AI was a PR stumble, but in the long run, it doesn’t matter at all because there is no deadline. They are the default consumer gateway. And most importantly because of the loyalty of its customers and ginormous installed base. As long as Apple‘s business model is intact, it is still the best long-term investment in high-tech in my opinion. Happy trading, everyone. Enjoy your profits, it ain’t over by a longshot.'
on Premarket: Apple was red, turned green - 'Thanks for the well wishes … Green looks too hard for aapl today … I am off to bed.'
on Premarket: Apple was red, turned green - 'Bart/Darren: I feel like I’m a spectator at a sporting event rooting on Darren as the home team. Thanks for the e-ticket; now it’s “GO DARREN GO!” 🙂'
on Premarket: Apple was red, turned green - 'As I write this, Apple has overtaken Nvidia in market cap to become No. 1 again.'
