John Konopka on Premarket: Apple is red - 'I believe we also have a new closing ATH of $315.20. Will we see it go up till the keynote next Monday morning?'
on Premarket: Apple is red - 'Let me be clear, because this is an important element of my trading philosophy, I don’t believe in the beach ball effect, period. AAPL moves up and down on investors’ sentiment for future gains. When they don’t see it they leave the AAPL market. When they do see it they enter the AAPL market. One way to gauge that is top tier analyst PTs. If the gain from current prints to top tier targets is greater than 25% investor sentiment will rise. The reverse is also true. If top tier targets represent an ROI of less than 25%, sentiment will decline. It’s as simple as that. Accordingly, only Daniel Ives’ $400 target represents a 25% gain from current prints. But we shouldn’t be looking at current prints. We should be looking at where AAPL will be trading after July Earnings Report and GUIDANCE. If we back 25% off Ives’ $400 target we get $320. Frankly, I think Nvidia’s announcement yesterday is going to seriously backfire. It will take years to establish an existential new paradigm, even if the market is ripe for such a shift. Apple has been quietly working on that shift (why tell your competition what you’re doing?) for more than a decade, building a comprehensive foundation of OS, silicon and apps for the shift to stand on. As the picture of what Apple has been building comes into focus, investors will take note and enter the market for AAPL, up to a future (annual ?) gain of 25%. Nvidia’s story doesn’t cover what is needed to be successful. Next week’s WWDC, and the appointment of Ternus (a product guy) will be Apple’s unveiling of its “AI” strategy. That will drive a realignment of investor sentiment, most likely resulting in a new PT from Ives (not announced until after management’s July GUIDANCE. Until then I believe AAPL is being fairly traded.'
on Premarket: Apple is red - 'I think The Donald capitulated to China a long time ago, Rodney. Besides, it was only ever a manipulative ploy – as was the attack on Iran, etcetera….'
on Premarket: Apple is red - 'To me the biggest threat to Apple (besides Siri staying dumb for another 2 yrs) is China and Taiwan. So the fact that Trump bought Apple recently, can I assume that at least Trump (and his financial advisors) does not think that China has any near future plans for Taiwan?'
on 40 members of Congress warn Apple not to close its first unionized store - 'The mall is in decline and other major brands have shuttered and left. But Apple gets the clicks.'
on 40 members of Congress warn Apple not to close its first unionized store - '“Apple said the union contract only obligates it to offer transfers within 50 miles of Towson and severance beyond that. But the IAM Union argued that workers denied the broader relocation options available to employees at non-union locations constitutes retaliation on Apple’s part.” MY TAKE The Union negotiated a contract. Apple is following it. But now the Union doesn’t like the contract terms anymore and so they’re enlisting politicians to ask Apple to break the contract. Uh… is it just me, or is this yet another glaring example of how certain Democrats shoot themselves in the foot – and gave the country away to a bunch of MAGAs – because they are myopic and miss the bigger picture? FULL DISCLOSURE: I’m a registered Democrat and pro Union.'
on 40 members of Congress warn Apple not to close its first unionized store - 'Disclaimer: I’m a democrat. Simple numbers: 40 is less than 10% of the 435 members of the House, and a small minority within in a currently minority party. 100% of Apple employees get RSUs. What percent of all union workers in the US get an equivalent benefit? For some entry level Apple employees, their RSU and stock purchase plans have been life changing.'
on Premarket: Apple is red - 'I am always amazed how little the correlation is between the pre market Apple stock price trading and the stock moves after the open. Inexplicable what the relation is much of the time. Recovering from yesterday’s drop on apparently no news.'
on 40 members of Congress warn Apple not to close its first unionized store - 'Will those “40 Congresscritters” subsidize a poorly-performing store?'
on 40 members of Congress warn Apple not to close its first unionized store - 'This is why Tim is still around. And will be for some time. He has dealt with much worse than this.'
on Who's interested in an Apple 3.0 face-to-face in Palo Alto? - 'Done! Sent you the email. My wife’s been waiting for me to confirm, but it’ll just be me. She’ll be visiting her Fremont fam.'
on 40 members of Congress warn Apple not to close its first unionized store - 'Apple needs to honor what is in the CBA. If not, what is the use of having the CBA. I am generally a pro union person but some unions do a good job of looking out for their workers and some don’t. If the union didn’t do a good job in their negotiations, then that is for the workers to have a grievance against their union. As to the politicians, they risk nothing by taking this stand. The harder thing to do would have been to look at the reasons why Apple is closing the store and see what could be done to change Apple’s mind to keep the store open.'
on 40 members of Congress warn Apple not to close its first unionized store - 'They are closing the store in my town (Trumbull), too. Very upsetting.'
on 40 members of Congress warn Apple not to close its first unionized store - 'Apple’s caught between a rock and a hard place, especially with the midterms approaching. A regime change brings it own headaches, and the previous administration did not offer support when the EU waged a campaign on American tech. It even turned a blind eye when the UK demanded iCloud access on a global scale. The narrative will shift quickly, so Apple needs to be ready.'
on Premarket: Apple is red - 'Leading the S&P 500 higher this morning is Hewlett Packard Enterprise. The shares are up 25.32% at $58.90. It appears agentic AI is good for business! Did I mention the financial stocks? Morgan Stanley is up $4.97 at $215.98. Goldman Sachs is higher by $22.42 at $1,071.00. Citigroup is ahead $2.93 at $132.02. This is a very good way to start the trading day!'
on Who's interested in an Apple 3.0 face-to-face in Palo Alto? - 'I have to beg out. I am celebtrating my mom’s 80th Birthday in England in late July, and I am pretty well booked for a long (loooong) vacation that will include visiting the British Family (dad is directly English, as are uncle, aunt, cousins and their kin). Enjoy the event, all. I hope to make one sooner or later! It’s a really good proposal, Joe!'
