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Post by dreamRaj on Nov 27, 2018 7:19:38 GMT -8
Since84 is sleeping rather late today So I'll step up to start today's thread. After yesterday's much desired and required positive movement in AAPL, the course reversed after hours when the news hit that Trump might slap tariffs on iPhones and laptops. Notice how "iPhones" was used and not smartphones Here are today's important links: Analysts and investors respond nervously to Trump’s threat of 10% tariff on iPhones iPhone orders cut for the second time, claims supply-chain reportBut the biggest surprise of the morning (so far) is that AAPL is fighting hard and is at 174.xx at 10:15 AM. I've followed it right from the early hours of pre-market and I was really expecting much worse... the dreaded 167 gap comes to mind. Here's hoping that it stays strong and for all you know, we might even end green. Now, wouldn't that be something?!
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Post by appledoc on Nov 27, 2018 8:04:54 GMT -8
Nice trading in the broad market so far.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
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Post by chinacat on Nov 27, 2018 8:21:19 GMT -8
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4aapl
Moderator
Posts: 3,659
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Post by 4aapl on Nov 27, 2018 8:21:51 GMT -8
Surprisingly ok day so far, given the tariff threat and an analyst adjusting lower because of it finance.yahoo.com/news/apple-price-target-cut-rbc-125512369.html“Given sustained data points around soft iPhone demand from supply-chain and others, we think it’s prudent to adjust estimates lower especially as it relates to March-quarter and beyond,” analyst Amit Daryanani wrote to clients. While the stock has already seen pronounced weakness on this issue, “we think investors will wait for data-points/noise level to stabilize before getting more positive on the name,” something Daryanani expects will happen in early 2019. Daryanani cut his price target to $235 from $240, compared with the average of $228 as compiled by Bloomberg, and also trimmed his 2019 estimates on the Dow component. Yet RBC affirmed its outperform rating on Apple, saying it remains a “core large-cap tech holding” in an “increasingly ‘risk-off’ environment,” given the company’s strong balance sheet and “aggressive” buyback program. ... “While we ultimately believe this is all part of a broader negotiation with China as talks heat up over the next week, now Cook and Apple find themselves squarely at the center of the tariff talks which were previously background noise as investors try to gauge what a potential 10 percent tariff on iPhones and other products would do to demand and unit growth over the next 6 to 12 months if ultimately imposed,” Wedbush analyst Daniel Ives wrote to clients. Ives, who rates the stock outperform, added that “the Street will not be taking this news lightly,” and that it “will surely add to this white knuckle period for Apple.”
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Post by carbonate24 on Nov 27, 2018 10:04:21 GMT -8
Since84 is sleeping rather late today So I'll step up to start today's thread. After yesterday's much desired and required positive movement in AAPL, the course reversed after hours when the news hit that Trump might slap tariffs on iPhones and laptops. Notice how "iPhones" was used and not smartphones Here are today's important links: Analysts and investors respond nervously to Trump’s threat of 10% tariff on iPhones iPhone orders cut for the second time, claims supply-chain reportBut the biggest surprise of the morning (so far) is that AAPL is fighting hard and is at 174.xx at 10:15 AM. I've followed it right from the early hours of pre-market and I was really expecting much worse... the dreaded 167 gap comes to mind. Here's hoping that it stays strong and for all you know, we might even end green. Now, wouldn't that be something?! Wow. I read the 9to5mac article about iphone order cuts. It's the usual b.s. from Digi Times, but I was struck by all of the whining in the comment stream about how Apple is too expensive and they are greedy. If I didn't know what website I was on, I would have thought it was Yahoo Finance. It makes me appreciate this board and PED's 3.0 even more for the intelligent commentary and discussion.
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