chinacat
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AAPL Long since 2006
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Post by chinacat on Apr 4, 2020 9:43:59 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 Apr 4, 2020 15:33:44 GMT -8
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Post by hledgard on Apr 5, 2020 5:47:19 GMT -8
With the number of deaths yesterday over 1,300, I see nothing good for AAPL tomorrow.
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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 Apr 5, 2020 7:42:22 GMT -8
With the number of deaths yesterday over 1,300, I see nothing good for AAPL tomorrow. Maybe the sooner AAPL finds the bottom, wherever that may be, the better. Sadly that bottom is based on the number of deaths from this virus. Everyone needs to remember that this market is not based on the company’s fundamentals, which have not changed, but on world events. This too shall pass, hopefully soon.
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Post by PikesPique on Apr 5, 2020 8:21:01 GMT -8
Apple is a strong company and will fare better than most, but to think the fundamentals haven't changed due to COVID-19 and resultant lockdowns, layoffs, and reduced wealth in this country and around the world is a bit optimistic, IMHO.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Apr 5, 2020 8:31:27 GMT -8
I am not sure here to post coronavirus information, but I'll put it here and trust our moderators to move it. Here are some charts of what is happening. I will leave the interpretation up to you. www.covidcharts.comSince anyone looking at these would have questions about how the data is collected, here is the link to the project that prepares the charts covidtracking.com/On a broader note. I do not understand global finance enough to know if I should be worried about large scale financial collapse like what happened to Lehman Brothers in 2008. Any MBA's out there care to comment?
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Post by hledgard on Apr 5, 2020 9:23:41 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 5, 2020 10:32:54 GMT -8
I am not sure here to post coronavirus information, but I'll put it here and trust our moderators to move it. Here are some charts of what is happening. I will leave the interpretation up to you. I might suggest the thread “Coronavirus *Information/Update* Thread - No Politics"
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Post by socal Film Composer on Apr 5, 2020 12:50:59 GMT -8
The facts are horrible, but in the US the rate of growth for new cases is slowing, so god wiling, we are entering a peak and the curve of new cases is starting to bend. Good health all - as far as AAPL - there was a nice summary Barron's of the Evercore research note:
"A Bet That Apple Will Roar Back After the Storm April 3, 2020 8:52 pm ET
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
Apple AAPL-Nasdaq
Outperform Price $254.29 on April 1
by Evercore ISI
The global spread of Covid-19 has shifted the downside case from a China supply shock to a multiquarter demand slowdown, but we think Apple is better positioned than most to experience a rapid recovery after the virus is brought under control.
Apple shares have held up better than the broader market since the beginning of the selloff, and it remains a hotly debated name among investors. Bulls see demand as pushed out, not canceled, and remain focused on long-term upside levers (wearables, services, gross margins). They also see some support from buybacks, given Apple’s $100 billion net-cash position. Bears think Apple products are a luxury that can be deferred and [argue that the] risk to fiscal 2020 numbers isn’t adequately reflected in the consensus. (We somewhat agree, but think buy-side expectations are lower than consensus numbers.)
Net/net: Our bull thesis is unchanged, and we think Apple’s unparalleled brand and net-cash positions it to be a relative outperformer in a severe economic downside scenario. Price target: $325."
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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 Apr 5, 2020 13:27:13 GMT -8
The facts are horrible, but in the US the rate of grown for new cases is slowing, so god wiling, we are entering a peak and the curve of new cases is starting to bend. Good health all - as far as AAPL - there was a nice summary Barron's of the Evercore research note: "A Bet That Apple Will Roar Back After the Storm April 3, 2020 8:52 pm ET These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed. Apple AAPL-Nasdaq Outperform Price $254.29 on April 1 by Evercore ISI The global spread of Covid-19 has shifted the downside case from a China supply shock to a multiquarter demand slowdown, but we think Apple is better positioned than most to experience a rapid recovery after the virus is brought under control. Apple shares have held up better than the broader market since the beginning of the selloff, and it remains a hotly debated name among investors. Bulls see demand as pushed out, not canceled, and remain focused on long-term upside levers (wearables, services, gross margins). They also see some support from buybacks, given Apple’s $100 billion net-cash position. Bears think Apple products are a luxury that can be deferred and [argue that the] risk to fiscal 2020 numbers isn’t adequately reflected in the consensus. (We somewhat agree, but think buy-side expectations are lower than consensus numbers.) Net/net: Our bull thesis is unchanged, and we think Apple’s unparalleled brand and net-cash positions it to be a relative outperformer in a severe economic downside scenario. Price target: $325." Thank you, I agree that once we start to see the light at the end of the tunnel the money sitting on the sidelines will start to jump in not wanting to be left behind. Just waiting for that light.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 5, 2020 19:15:17 GMT -8
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