Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Jan 16, 2020 3:48:50 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Jan 16, 2020 9:16:46 GMT -8
23% gain on a really big number. Nice! Thanks for finding.
“China should again prove the biggest driver of consumption on everything from video streaming to games operated by social media giant Tencent Holdings Ltd., propelling spending 23% higher to $380 billion this year,”
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jan 16, 2020 10:17:50 GMT -8
Slow day here. The kids have a preemptive snow day...no snow yet, but it's supposed to dump later, making conditions hard for kids and teachers to get home safely. Still some blue skies at the edges, and I had a great morning walk, 20° warmer than recently.
The kids have been back at school for a week and a half post-xmas, and we're hearing stories of all the new Apple stuff "Everyone!" got. iPhone 11's all around! Some Apple watches and AirPods too. Supposedly this is a mix of many different economic levels, though most of the really well off kids go to one of the private schools. With xmas, there's a big uptick in the families that wouldn't normally get these things for their kids, or at least not the latest and greatest, but the grandparents or a very well off family member in the SF bay splurged.
And there's been a good uptick in new Apple products for kids and families in town that we don't know as well.
I would suspect this is the byproduct of being well into (towards the end, relatively?) of an economic cycle. I just saw that a jewelry conglomerate did great last quarter, and I'm a little surprised that the likes of IGT (slot machines, gambling) haven't seen a good uptick. Things are rocking! The key now is to not get too far ahead of it, whether that's pushing up stocks too high, or manufacturing pushing out too much stuff.
The rain, and snow, will come sometime. Be prepared, so you can enjoy the ups and downs.
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Post by rmhe1999 on Jan 16, 2020 12:55:30 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Jan 16, 2020 13:11:02 GMT -8
AAPL closed in the green with a good uptick at the close with good volume. The DOW had another all-time-high of $29,300.32 along with the S&P 500 at $3,317.11 and Nasdaq at $9,357.92. It looks like it was a good day to be in the market.
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Post by Luckychoices on Jan 16, 2020 13:43:09 GMT -8
Interesting that the actual text and chart from the article fail to justify the article's title. AAPL is obviously going to continue to be targeted by those trying to make investors reluctant to hold the stock for the long term. ====================================== It should be noted, however, that the value of Apple’s stock sold short may seem high simply because it’s one of the largest public companies in the world. Apple’s market cap is about 14 times larger than Tesla’s, meaning that even a small amount of short selling in the iPhone maker’s stock can reach big sums.
Looking at relative short selling at the two companies reveals a different picture: Only 1% of Apple’s stock available for trading is sold short versus about 20% at Tesla.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Jan 16, 2020 13:55:56 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 16, 2020 18:31:10 GMT -8
While I agree with most of Jerry Doyle’s comment, he makes a mistake with”Apple Pay is eating into other major credit card companies’ revenues.” He is either confusing Apple Pay with Apple Card, or doesn’t realize that Apple Pay can be used with any credit card. I use it with both my Visa and Discover cards. I have never seen an indication that Apple receives a cut from such transactions, but maybe I missed it.
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Post by hyci004 on Jan 16, 2020 18:46:11 GMT -8
While I agree with most of Jerry Doyle’s comment, he makes a mistake with”Apple Pay is eating into other major credit card companies’ revenues.” He is either confusing Apple Pay with Apple Card, or doesn’t realize that Apple Pay can be used with any credit card. I use it with both my Visa and Discover cards. I have never seen an indication that Apple receives a cut from such transactions, but maybe I missed it. “According to a new report from The Financial Times, Apple stands to make quite a bit of money from its payments service. Banks and payment networks will be forking over 0.15 percent of each purchase to Apple, which equates to 15 cents out of a $100 purchase.”
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 16, 2020 20:14:15 GMT -8
While I agree with most of Jerry Doyle’s comment, he makes a mistake with”Apple Pay is eating into other major credit card companies’ revenues.” He is either confusing Apple Pay with Apple Card, or doesn’t realize that Apple Pay can be used with any credit card. I use it with both my Visa and Discover cards. I have never seen an indication that Apple receives a cut from such transactions, but maybe I missed it. “According to a new report from The Financial Times, Apple stands to make quite a bit of money from its payments service. Banks and payment networks will be forking over 0.15 percent of each purchase to Apple, which equates to 15 cents out of a $100 purchase.” Wasn't Jerry Doyle that former stockbroker and Libertarian radio host who was an actor who played a recovering alcoholic on Babylon 5 but ironically he died from alcoholism IRL?
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Post by macster on Jan 17, 2020 14:37:03 GMT -8
“According to a new report from The Financial Times, Apple stands to make quite a bit of money from its payments service. Banks and payment networks will be forking over 0.15 percent of each purchase to Apple, which equates to 15 cents out of a $100 purchase.” Wasn't Jerry Doyle that former stockbroker and Libertarian radio host who was an actor who played a recovering alcoholic on Babylon 5 but ironically he died from alcoholism IRL? I’m not going to suggest it but he has the same initials as you JD. 🖖
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