Robert Paul Leitao on Premarket: Apple is green - 'Gregg: You are being patient and kind taking time to even read his posts. Following your cue I wanted to better understand your post. I read the beginning of this gentleman’s “understanding” of the accrual basis of accounting and accounting rules. I genuinely feel sorry for him. I need to leave it at that and move on… Thank you for being gracious. I am striving to do the same. I wish him well.'
on Premarket: Apple is green - 'Did anyone notice AAPL retreated after the rumour of problems with the iPhone “fold” circuit board? I think there was a similar retreat from near ATH after supposed issues with the hinge. Most likely these rumours are at best half right and inconsequential for iPhone delivery but useful to suppress the price when it gets away from shorters.'
on Why BofA Securities raised its Apple price target $50 to $380 - 'Cool, thanks. $5T is about 10% more – only a matter of time.'
on Premarket: Apple is green - 'BTW, the major pullback in MSFT’s trailing P/E is IMO indicative of Horace’s point – and one reason for AAPL’s correspondingly-increasing valuation: Apple’s value proposition remains standing, unlike Microsoft’s….'
on Why BofA Securities raised its Apple price target $50 to $380 - 'Back in the early ‘80s I worked for a regional telephone equipment company selling PBXs, Call Accounting Stems, Voice Mails Systems, etc. Voice mail was a bleeding edge hot ticket item, even though most didn’t understand the benefits of an automated receptionist and message taker (I’ve come to hate them). I think acceptance and use of “AI” is going to follow a similar path, especially the data center driven “AI” systems. Where, today, everyone is all excited about the promise of “AI”, ultimately people will come to hate them.'
on Why BofA Securities raised its Apple price target $50 to $380 - 'Well the market didn’t treat this analyst’s increased price target with much respect today as Apple’s Stock Price ended up slightly down for the day after being in record high price midday. Should be expected after the Iran war news continued to be complicated if not down right negative. While I like Wamsi Mohan’s idea and new price target I keep hearing the argument from other analysts who have mostly missed the move up that Apple is too expensive, not growing fast enough. Same old story. I hope Apple is trying to give Tim Cook a boost as he becomes Chairman next quarter and John Ternus a company in great shape to steer going forward. It certainly feels that way for now.'
on Why BofA Securities raised its Apple price target $50 to $380 - 'It’s good to see an analyst produce a target that reflects a serious position, rather than “noise in the data.” Their ‘5 actions’ make sense (at least if you buy into “everything will become agents” vision of the AI enabled future.0'
on Why BofA Securities raised its Apple price target $50 to $380 - 'A 380 target. Awesome. Now I have company.'
on Premarket: Apple is green - 'Robert, I had a feeling it would cross $1T well before year end. Didn’t quite think it would get there in just a few weeks. I piled in with a very hefty purchase when I made that prediction and let’s just say, Drinks are on me tonight!'
on Premarket: Apple is green - '@Bill I’m a little nervous about Musk. This IPO may force index funds to sell AAPL and others to buy space-x if it is included in the indices. https://finance.yahoo.com/markets/stocks/articles/wall-street-may-not-ready-180111286.html'
on Premarket: Apple is green - '320 by June 8th is likely. If the new Siri is mind blowing then we’ll see 330. I have 800 July 17 300 Call options which are at $18 a piece today. I’ll decide how many to sell and/or exercise based on June 8th.'
on Postcard from Hvar - '“Its newest move, however, suggests the corporation is taking a different tack.” That really made me laugh! That anyone could just be realizing that Apple’s strategic vision for AI may be different from all the hyperscalers’ is almost unbelievable.'
