Miguel Ancira on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'So, my broker asked me if I wanted to sell some covered calls. Just for S&G, I asked him what the prices were. He said $10 per share with a strike price of $350 on Jan ‘27. I said I was not interested, and also, he just told me what I knew, that the market thinks the shares are going over $360 by January. Mind you, this was BEFORE the shares climbed from $314 to $333.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'BTW, did Kit Norton somehow get a copy of Horace’s story “Why all-in and why all are in”? It would explain why the change from Hold to Buy. THAT was a serious and shocking enlightenment even for me! If there was a Pulitzer for Apple analyst, Horace would win it, hands down. Folks need to start reading him….'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'And who has the highest price target here on Ped 3.0? 😉'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - '” What is the “blue sky scenario” that raises the target to $397?” The “blue sky scenario” is the financial industry recognizing Apple’s long history of exceeding estimates. $397 looks awfully similar to Ives’ long held estimate of $400.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'From the thestreet.com article: The bank also outlined what it calls a blue-sky scenario, which adds another $31 per share beyond the base target if both the product cycle and AI execution land better than expected.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'We’ve seen this before, analysts following the market up, w.r.t. AAPL PTs. And the market follows the thought leaders here at Apple3.0.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'What is the “blue sky scenario” that raises the target to $397? $31 add on is a very specific amount. “Blu sky” is very ambiguous. Am I missing something?'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'Anyone sitting at $260 has NOT BEEN PAYING ATTENTION. So that makes their latest number highly suspect. What’s their track record?'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'He may be slow, but “By Jove I think he’s got it!” “Blue skies! Nothing but blue skies…”. 🙂'
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) - '@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) - '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.'
