Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 2, 2017 2:26:34 GMT -8
Good morning everyone. Asia is mixed, Europe is RED, the US is GREEN and AAPL is GREEN. AAPL is trading at $158.65 +8.60 (5.73%) Buckle up. Keep your arms and legs in the car. In the news: CNBC has Apple, tech stocks soar, set to lead the Dow to a 22,000 record, as well as Tim Cook on Apple's big earnings beat and then Apple's China revenues fall 10% as analyst claims iPhone has 'gone out of fashion'. TheStreet has Apple Shares Are Booming Overseas as Tech Giant Heads to $800 Billion Valuation and Apple's Blowout Quarter Lifts Forrest Gump's 'Fruit Company' Investment to Record High. MarketWatch has Apple rally signals Dow 22,000 at the open, Nasdaq to surge and Apple’s earnings have Wall Street learning to ‘stop worrying and love the super cycle’. Reuters has Tech stocks bask in Apple glow, Dow eyeing 22,000. Mashable has Apple's iPad and Apple Watch are selling a lot better than last year. AppleInsider has Apple R&D nears $3B per quarter in Q3 as work on AR, autonomous systems continue. Of course there are many, many other articles digesting yesterday's earnings we can read. Then again, we can just enjoy the ride. Have a great day. Let's make money. To infinity and beyond.
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Post by CdnPhoto on Aug 2, 2017 4:16:26 GMT -8
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Post by incorrigible on Aug 2, 2017 5:06:34 GMT -8
A few other upgrades via SA:
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Post by artman1033 on Aug 2, 2017 5:29:45 GMT -8
ZOUNDS!
ATH pre market! GREAT pre market volume 4,000,000? AAPL is the largest capitalization stock in the market and has the most influence on the indices. It has a weighting of about 14.6% in the Nasdaq 100 and 3.7% in the S&P 500
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
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Post by chinacat on Aug 2, 2017 5:34:53 GMT -8
Wow, more than a third of average volume in three minutes!
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Post by artman1033 on Aug 2, 2017 5:45:41 GMT -8
IMHO: traders are selling NFLX,AMZN,TSLA,GOOG,FB THEY are down...
AAPL nice volume for first 15 minutes.
over 17,000,000
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Post by phoebear611 on Aug 2, 2017 6:34:52 GMT -8
Where is COLIN GILLES?! COLIN? COLIN?
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Post by nwjade on Aug 2, 2017 6:50:08 GMT -8
Out of curiosity wondering how much of a positive effect the weak dollar had on earnings. Anyone run across any articles addressing the issue? If so please post a link. Was watching after hours trading last night as high as + $9.40 WOW and double WOW... Will we reach that today? Cheers to the longs
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Post by dreamRaj on Aug 2, 2017 6:51:32 GMT -8
156.60
Some serious profit-taking going on. Understandable.
But once this settles and as the iPhone 8 launch nears, 160 will be broken.
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Post by carbonate24 on Aug 2, 2017 7:16:55 GMT -8
Out of curiosity wondering how much of a positive effect the weak dollar had on earnings. Anyone run across any articles addressing the issue? If so please post a link. Was watching after hours trading last night as high as + $9.40 WOW and double WOW... Will we reach that today? Cheers to the longs I haven't seen any articles linking the dollar and earning so far, but my take is that the Dollar's value had no effect or a slightly negative effect on the earnings. Just looking at a chart of the Euro vs. USD, the Dollar didn't really start to weaken until the end of the quarter. And it looks like it took until July for the dollar to be weaker on a y/y basis. If the currencies hold steady and/or the USD continues to weaken, then I think the current quarter will finally get to see the benefit of a more favorable exchange rate.
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Post by rob_london on Aug 2, 2017 7:29:35 GMT -8
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Post by pauls on Aug 2, 2017 8:26:31 GMT -8
Out of curiosity wondering how much of a positive effect the weak dollar had on earnings. Anyone run across any articles addressing the issue? If so please post a link. Luca Maestri Revenue for the June quarter was $45.4 billion, up 7 percent over last year, an acceleration to the growth rate we reported in the first half of our fiscal year. We achieved these results despite a 200 basis point negative impact from foreign exchange on a year-over-year basis, as currency movements, especially in Europe and China, affected our reported results.
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Post by rob_london on Aug 2, 2017 8:43:39 GMT -8
FBN Securities:
"AAPL continues to be very attractively priced. Using our F2018 FCF estimate of $69.1B, AAPL offers investors almost a 9% FCF yield (and 11% if one divides FCF by EV instead of market cap). This is extremely attractive."
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Post by rob_london on Aug 2, 2017 9:21:44 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
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Post by chinacat on Aug 2, 2017 11:34:19 GMT -8
This article presents some interesting guesses about characteristics of the coming iPhone Pro, based on changes included in the iOS 11 pre-releases.
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Post by artman1033 on Aug 2, 2017 12:05:26 GMT -8
$160.00All Time Highest IN PRE MARKET!
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Post by rickag on Aug 2, 2017 12:07:56 GMT -8
$159.75All Time Highest IN PRE MARKET! 😀
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Post by Apple II+ on Aug 2, 2017 12:27:06 GMT -8
$159.75All Time Highest IN PRE MARKET! Are you sure that's right? Thinkorswim chart shows $160 high during pre-market and $159.75 as the intraday high.
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Ted
fire starter
Posts: 882
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Post by Ted on Aug 2, 2017 15:38:30 GMT -8
Cha-ching!
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Post by CdnPhoto on Aug 2, 2017 16:03:48 GMT -8
$159.75All Time Highest IN PRE MARKET! Are you sure that's right? Thinkorswim chart shows $160 high during pre-market and $159.75 as the intraday high. from Nasdaq shows $160 premarket.
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Post by sponge on Aug 2, 2017 17:20:12 GMT -8
A few other data points. Despite a very good quarter and excellent guidance we are only $1 above ATH in May. We also made selling on strength list today as the top stock. So in the near term we may be choppy.
My critical ball sees the high in high 160s before Oct earnings. We could even entertain 170 if the iPhone 8 is as great as described by rumors. The good news is that it is now very unlikely we will see the 200 MA.
The growth in iPad and other services are very good signs. This company is on cruise control for decades. The iPhone will provide plenty of growth with no new products to take its place.
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Post by artman1033 on Aug 2, 2017 17:58:04 GMT -8
5,246,540,000 shares of common stock, par value $0.00001 per share, issued and outstanding as of January 20, 2017 10Q investor.apple.com/secfiling.cfm?filingID=1628280-17-717&CIK=320193 85,773,000 reduction LUCA: We returned almost $15 billion to investors during a very busy December quarter for our capital return activities. We paid $3.1 billion in dividends and equivalents. We spent $5 billion on repurchases of 44.3 million Apple shares through open market transactions. And we launched a new $6 billion ASR, resulting in an initial delivery and retirement of 44.8 million shares. We also completed our eighth accelerated share repurchase program, retiring an additional 4.4 million shares. This led to a net diluted share count reduction of 65.3 million shares during the quarter. We've now completed $201 billion of our current $250 billion capital return program, including $144 billion in share repurchases. And we plan to provide investors with our annual update on the capital return program in the spring. AND NOW: 5,213,840,000 shares of common stock, par value $0.00001 per share, issued and outstanding as of April 21, 2017 32,700,000 reduction Luca Maestri: We returned over $10 billion to investors during the quarter. We paid $3 billion in dividends and equivalents, and we spent $4 billion on repurchases of 31.1 million Apple shares through open market transactions. We also launched a new $3 billion ASR, resulting in initial delivery and retirement of 17.5 million shares. And we retired 6.3 million shares upon the completion of our ninth accelerated share repurchase program in February. All these activities contributed to a net diluted share count reduction of 66.3 million shares in the quarter. We have now completed $211.2 billion of our $250 billion capital return program, including $151 billion in share repurchases. As Tim mentioned, today we're announcing an update to our program, which we are extending by four quarters through March of 2019, and increasing in size to a total of $300 billion. Once again, given our strong confidence in Apple's future and the value we see in our stock, we are allocating the majority of the program expansion to share repurchases. Our board has increased the share repurchase authorization by $35 billion, raising it from the current $175 billion level to $210 billion. We will also continue to net share settle vesting employees' restricted stock units. LUCA: We also returned $11.7 billion to investors during the quarter. We paid $3.4 billion in dividends and equivalents and spent $4.5 billion on repurchases of 30.4 million Apple shares through open market transactions. We launched a new $3 billion ASR program, resulting in initial delivery and retirement of 15.6 million shares, and we retired 3.4 million shares upon the completion of our 10th ASR during the quarter. We have now completed $222.9 billion of our $300 billion capital return program, including $158.5 billion in share repurchases. seekingalpha.com/article/4093437-apple-aapl-q3-2017-results-earnings-call-transcript?part=single5,165,228,000 shares of common stock, par value $0.00001 per share, issued and outstanding as of July 21, 2017 www.sec.gov/Archives/edgar/data/320193/000032019317000009/a10-qq32017712017.htm
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Post by Luckychoices on Aug 2, 2017 18:05:14 GMT -8
A few other data points. Despite a very good quarter and excellent guidance we are only $1 above ATH in May. We also made selling on strength list today as the top stock. So in the near term we may be choppy. My critical ball sees the high in high 160s before Oct earnings. We could even entertain 170 if the iPhone 8 is as great as described by rumors. The good news is that it is now very unlikely we will see the 200 MA. The growth in iPad and other services are very good signs. This company is on cruise control for decades. The iPhone will provide plenty of growth with no new products to take its place. Nice, *mostly* upbeat comment, sponge. I'm thinking your projections for Apple are sometimes so gloomy because you've mistakenly been using a *critical ball* instead of a *crystal ball*. Trade that sucker in and get yourself a nice Crystal Ball instead so we can enjoy more consistently positive projections from you in the future. Note: Oh, and turn off auto-correct.
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Post by sponge on Aug 2, 2017 20:13:51 GMT -8
I have been the biggest bull on Apple. Hell I had more confidence in their game plan then anyone else. Way back before the iPhone even came to fruition. But it does not mean I will agree with everything they do, nor expect the stock to keep going up. I wants did. Over the years and I mean since 2005 I have learned the hard way that Apple despite amazing prospects will have slowdowns and major corrections in the stock. It is hard to see these sell offs ahead of time or have an understanding of how much they will correct. So I have been more cautious and look at macro events that will kill our momentum.
When everyone is bullish and talk about a super cycle and the stock is going from 100 to 156, nothing seems to be going wrong. Until June, it was a real good example of how we can correct when one leasts expects it. So always be ready with cash. We followed the market as much as we grew based on sentiment.
I went from a long term investor to a swing trader with my trading account. Still learning but feel much more confident looking at TA for guidance.
I pointed out to Mercel back in March that there are 22K 200 June18 calls. Now there are over 27K. This is a good indication of where we can be in 12 months.
The one area that was very impressive for me this last quarter was other products. As they sell more Apple Watches, iPod Airs, and many other products, this area has huge potential. Services is exciting but I am not sold that it justifies the increased p/e. It is growing but will never became a meaningful revenue source, since I expect growth in so many other areas as well.
The reason the p/e is expanding is because WS realized that the iPhone is the MS Office for Apple or even Windows. The revenue is here to stay for a long time. They are gaining more users and they will upgrade. They have become a grocery store and the iPhone is critical for survival like food.
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Post by BillH on Aug 2, 2017 22:06:57 GMT -8
I have been the biggest bull on Apple. Hell I had more confidence in their game plan then anyone else. Way back before the iPhone even came to fruition. But it does not mean I will agree with everything they do, nor expect the stock to keep going up. I wants did. Over the years and I mean since 2005 I have learned the hard way that Apple despite amazing prospects will have slowdowns and major corrections in the stock. It is hard to see these sell offs ahead of time or have an understanding of how much they will correct. So I have been more cautious and look at macro events that will kill our momentum We may be about to suffer one of those Macro events. I fear dickheads about to ruin the party. . www.cnbc.com/2017/08/03/trump-may-be-about-to-wallop-global-trade-as-we-know-it-but-markets-dont-seem-to-understand.html
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