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Post by montegn on Apr 30, 2018 20:22:52 GMT -8
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Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 1, 2018 2:28:48 GMT -8
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Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 1, 2018 3:16:38 GMT -8
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Post by carbonate24 on May 1, 2018 4:15:52 GMT -8
Thanks again as always for the links Since84. I found this CNBC story to take FUD to another level, or at least perhaps the bears are running out of negatives. Nothing like an analysis (guess) based on a rumor leading to assumptions. To summarize, Barclays says: rumored weak Iphone sales/demand => assumed Apple has to spend more than expected on M&A to compensate => Apple has far less money for its capital return program => assumed investors who bought AAPL primarily for the capital return announcement (of which Barclays believes is a lot) will sell => stock will plunge into the lower $150s. Seems like pretty weak 'analysis' coming from a major firm. At least we only have to wait another 8+ hours to find out!
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Post by phoebear611 on May 1, 2018 5:16:24 GMT -8
Good luck all! Don’t forget That The Oracle will be on CNBC on Monday morning and chances are he will be very positive no matter what today brings - so if we get hit it may be a good purchase.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on May 1, 2018 5:22:58 GMT -8
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Post by michelc on May 1, 2018 6:11:23 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 1, 2018 6:16:51 GMT -8
Thanks again as always for the links Since84. I found this CNBC story to take FUD to another level, or at least perhaps the bears are running out of negatives. Nothing like an analysis (guess) based on a rumor leading to assumptions. To summarize, Barclays says: rumored weak Iphone sales/demand => assumed Apple has to spend more than expected on M&A to compensate => Apple has far less money for its capital return program => assumed investors who bought AAPL primarily for the capital return announcement (of which Barclays believes is a lot) will sell => stock will plunge into the lower $150s. Seems like pretty weak 'analysis' coming from a major firm. At least we only have to wait another 8+ hours to find out! I contemplated adding the line 'Apparently Barclays hasn't completed their purchases' but decided it was a little too snarky.
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Post by gtrplyr on May 1, 2018 9:18:24 GMT -8
I have yet to read any article where they understand the simple price to demand curve ... at $999 Apple has a lot of room to "discount" future iPhoneXs and still retain a very healthy profit margin, especially since from what I've been reading the margins on iPhoneX are actually higher than the 8. The iPhoneX is a solid product IMHO a big step up from previous iPhones, I'm very glad I paid the extra to get one.
iPhone is still the dominant smartphone and I see no reason that will change anytime soon ... remembering that Apple has the ability to boost top line numbers at any given moment is important. I sometimes wonder if WS would be happy if Apple made LESS money and sold MORE units ? In any case, I'm hoping we get a nice dividend raise later today as I feel that WS is just waiting for any reason to sell Apple. My gut tells me the selloff will start as soon as numbers are released and we may see some recovery during the call ..... as a long I'm used to crappy earnings days and I think we may be in store for another one today. I do think in a few weeks it will be back up to current levels, maybe it will give Apple a chance to buy back at a discount after the mandatory waiting period is over.
I'm hoping I'm completely wrong and we see strong upside .....
Cheers to the longs.
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Post by Luckychoices on May 1, 2018 9:43:25 GMT -8
Thanks again as always for the links Since84. I found this CNBC story to take FUD to another level, or at least perhaps the bears are running out of negatives. Nothing like an analysis (guess) based on a rumor leading to assumptions. To summarize, Barclays says: rumored weak Iphone sales/demand => assumed Apple has to spend more than expected on M&A to compensate => Apple has far less money for its capital return program => assumed investors who bought AAPL primarily for the capital return announcement (of which Barclays believes is a lot) will sell => stock will plunge into the lower $150s. Seems like pretty weak 'analysis' coming from a major firm. At least we only have to wait another 8+ hours to find out! I contemplated adding the line 'Apparently Barclays hasn't completed their purchases' but decided it was a little too snarky. For Apple FUD spewers, there's no such thing as *too snarky*.
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Post by Luckychoices on May 1, 2018 11:18:55 GMT -8
I have yet to read any article where they understand the simple price to demand curve ... at $999 Apple has a lot of room to "discount" future iPhoneXs and still retain a very healthy profit margin, especially since from what I've been reading the margins on iPhoneX are actually higher than the 8. The iPhoneX is a solid product IMHO a big step up from previous iPhones, I'm very glad I paid the extra to get one. iPhone is still the dominant smartphone and I see no reason that will change anytime soon ... remembering that Apple has the ability to boost top line numbers at any given moment is important. I sometimes wonder if WS would be happy if Apple made LESS money and sold MORE units ? In any case, I'm hoping we get a nice dividend raise later today as I feel that WS is just waiting for any reason to sell Apple. My gut tells me the selloff will start as soon as numbers are released and we may see some recovery during the call ..... as a long I'm used to crappy earnings days and I think we may be in store for another one today. I do think in a few weeks it will be back up to current levels, maybe it will give Apple a chance to buy back at a discount after the mandatory waiting period is over. I'm hoping I'm completely wrong and we see strong upside ..... Cheers to the longs. After years and years of watching the surges and pullbacks of the AAPL share price, I've become immune to the yammerings of Wall Street and the predictable panic from "The Market". Others may still enjoy and persist in "playing" the market and more power to them...but how anyone can invest in stocks using charts, options, rules, etc without looking closely at company fundamentals is beyond me. I don't think many of the recent market investors cares *anything* about the fundamentals of a company when it comes to investing and I'm not even talking about AMZN here. My younger son has worked at Amazon for several years now and has vested and unvested shares, so I'm happy AMZN is doing well. But when a company like Chipotle has a day like it had last week I have to wonder who are these folks that are *investing* in some of these companies and why are they buying the stock? This is an article written about Chipotle on 03/27/18: People are still terrified to eat at Chipotle — and it's the chain's biggest problemThis is the first few paragraphs of the article: • The biggest reason people say they're eating Chipotle less frequently is a concern about food safety, according to a new UBS report. • The chain's E. coli outbreaks — in which 55 people were infected after eating at Chipotle — occurred almost two and a half years ago. • Chipotle is struggling to attract customers who rarely or never visit the chain, with 32% saying "nothing" would make them want to visit more often.
Customers still haven't forgotten Chipotle's food poisoning scandal more than two years later.
Food safety concerns top the list of reasons that customers said they're eating Chipotle less frequently, according to a UBS Evidence Lab survey of 1,500 people. In the report, released on Monday, 26% of respondents cited a concern about food safety as the main reason they were eating at the chain less.
In late 2015 and early 2016, 55 people were infected in two E. coli outbreaks after eating at Chipotle. While the company made major changes to its food safety policies and practices, there have been a number of food poisoning scares over the last few years.
Now as folks who invest or trade AAPL, we have our own negative articles to deal with: Apple Watch is a flop, iPhone X isn't selling, Tim Cook isn't Steve Jobs, etc. But, think about it...how tough would it to be to invest in a company whose products caused folks to get food poisoning? If you somehow missed the food poisoning news when it happened, do a quick search for "chipotle food poisoning". And yet, when Chipotle announced earnings on 04/25/18, the stock jumped 24+% the next day. Not only did it jump 24% in one day but it has remained at that level. Who are these people who piled into the stock and would I want to participate in investing in a stock, short term, where *they* can affect the share price? The short answer is no and that's helped me remain an AAPL Long for all of these years. The same people who jumped into Chipotle also jump into AAPL when they think they can benefit in the short term but being invested long term means their comings and goings "smooth out". Anyway, gtrplyr, as an AAPL Long, I always enjoy seeing "Cheers to the longs" in your comments and I feel very much the same as you when it comes to earnings. If AAPL drops after earnings, I can only hope it stays down until dividends are paid so we can buy more shares at a lower price. Cheers to the longs!
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Post by Luckychoices on May 1, 2018 11:40:19 GMT -8
This just in... Analyst initiates Apple at Buy and 33% upside• D.A. Davidson initiates Apple (NASDAQ:AAPL) with a Buy rating and a $220 price target, a 33% upside to yesterday’s close. • Analyst Tom Forte cites Apple’s “eye for design, strong share in the premium (high margin) markets for smartphones and a growing (but select) number other devices, and the most valuable global brand.” • Forte acknowledges that the company faces “a number of significant challenges” including the rise of Amazon and Google but expects Apple to grow sales by 7.5% per year through FY20. • Apple reports Q2 earnings aftermarket today. • Apple shares are up 0.7% to $166.49.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on May 1, 2018 12:10:12 GMT -8
PED's article is already linked, but I like his spreadsheets to quickly glance at. CNBC remains a loser FUD site and network. Will they ever learn with their low ratings?
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on May 1, 2018 12:28:33 GMT -8
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Post by mrentropy on May 1, 2018 12:31:54 GMT -8
Dear wall st.
Eff off and die in a fire.
Again.
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Post by incorrigible on May 1, 2018 12:32:11 GMT -8
Apple beats by $0.05, beats on revenue May 1, 2018 4:31 PM ET|About: Apple Inc. (AAPL)|By: Mohit Manghnani, SA News Editor Apple (NASDAQ:AAPL): Q2 EPS of $2.73 beats by $0.05.
Revenue of $61.1B (+15.5% Y/Y) beats by $160M.
Shares +4.2%.
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Since84
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Post by Since84 on May 1, 2018 12:32:43 GMT -8
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Post by Luckychoices on May 1, 2018 12:32:56 GMT -8
May be good news...
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Post by incorrigible on May 1, 2018 12:33:31 GMT -8
Post-Market:$176.487.38 (4.36%)
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Since84
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To infinity and beyond!
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Post by Since84 on May 1, 2018 12:34:48 GMT -8
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Post by incorrigible on May 1, 2018 12:35:02 GMT -8
Apple declares $0.73 dividend
Not bad but I was hoping for more. 15% increase is good though.
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Since84
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To infinity and beyond!
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Post by Since84 on May 1, 2018 12:38:04 GMT -8
Business Wire has Apple Reports Second Quarter Results. Apple® today announced financial results for its fiscal 2018 second quarter ended March 31, 2018. The Company posted quarterly revenue of $61.1 billion, an increase of 16 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.73, up 30 percent. International sales accounted for 65 percent of the quarter’s revenue. “We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.” “Our business performed extremely well during the March quarter, as we grew earnings per share by 30 percent and generated over $15 billion in operating cash flow,” said Luca Maestri, Apple’s CFO. “With the greater flexibility we now have from access to our global cash, we can more efficiently invest in our US operations and work toward a more optimal capital structure. Given our confidence in Apple’s future, we are very happy to announce that our Board has approved a new $100 billion share repurchase authorization and a 16 percent increase in our quarterly dividend.” The Company will complete the execution of the previous $210 billion share repurchase authorization during the third fiscal quarter. Reflecting the approved increase, the Board has declared a cash dividend of $0.73 per share of Apple’s common stock payable on May 17, 2018 to shareholders of record as of the close of business on May 14, 2018. The Company also expects to continue to net-share-settle vesting restricted stock units. From the inception of its capital return program in August 2012 through March 2018, Apple has returned $275 billion to shareholders, including $200 billion in share repurchases. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis. Apple is providing the following guidance for its fiscal 2018 third quarter: • revenue between $51.5 billion and $53.5 billion • gross margin between 38 percent and 38.5 percent • operating expenses between $7.7 billion and $7.8 billion • other income/(expense) of $400 million • tax rate of approximately 14.5 percent Apple will provide live streaming of its Q2 2018 financial results conference call beginning at 2:00 p.m. PDT on May 1, 2018 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
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Post by mrentropy on May 1, 2018 12:38:16 GMT -8
Tony S question preview:
“Once again you have totally destroyed my estimates based on faulty supply chain data you told me I can’t trust. But can you tell me why I shouldn’t expect a giant meteor to destroy the campus and how your future earnings estimates should account for this?”
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Post by gtrplyr on May 1, 2018 12:43:14 GMT -8
Apple declares $0.73 dividend Not bad but I was hoping for more. 15% increase is good though. I expected it .... although it's still not in line with peers but Apple is super conservative as we all know. I hope they do something with all that cash as it's been undervalued for years now. Good results ... much better than I expected .... glad I was wrong. Go AAPL! Cheers to the longs!
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Post by michelc on May 1, 2018 12:43:43 GMT -8
so the X is not selling.... . “Customers chose iPhone X more than any other iPhone each week in the March quarter
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Post by gtrplyr on May 1, 2018 12:45:11 GMT -8
X is a GREAT phone .... I've said it over and over again.
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Post by mrentropy on May 1, 2018 12:46:21 GMT -8
Apologies for the snark guys, little sleep last night and busy day on set.
But it felt sooooo good to see the naysayers be wrong once again. I just hope that mountain of puts below gets roasted.
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Post by phoebear611 on May 1, 2018 12:46:44 GMT -8
I have the X - so does my whole family - it’s the best phone they ever made. Congrats to the longs!
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Since84
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Post by Since84 on May 1, 2018 12:48:40 GMT -8
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4aapl
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Post by 4aapl on May 1, 2018 12:58:55 GMT -8
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