Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Jan 27, 2021 2:12:17 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Jan 27, 2021 2:26:11 GMT -8
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Jan 27, 2021 6:01:02 GMT -8
Not AAPL but unbelievably explosive move up in the last day. Interesting theor, in the following tweet, on the group dynamic enabling this. Might we see at least some modest irrational exuberance applied to AAPL? (At this point I think AAPL is more than fairly valued. It’s just that others are way over valued. Alternatively AAPL’s health valuation could also be benefitting from punters looking to park their money somewhere with a very certain future)
Edit... GME closed @ $144 yesterday and has already hit $352 this morning. Nuts.... totally nuts. a company that had a valuation of around $2B a few days ago now has a market cap of well over $20B. Perhaps I shouldn’t be the slightest concerned about AAPL having a a PE north of 40....
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Post by silkstone on Jan 27, 2021 7:29:16 GMT -8
Yes, It’s top of the market irrational exuberance. I’m as optimistic as anyone but there is definitely some craziness going on. With a three to five year window and dividends, long term Apple shareholder should do well. But in this overall economic environment, if Apple had a sudden meteoric rise like GameStop, I’d definitely sell some shares. Looking forward to earnings this evening, very interesting times. Make that $$$
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Post by artman1033 on Jan 27, 2021 8:35:01 GMT -8
Not AAPL but unbelievably explosive move up in the last day. Interesting theor, in the following tweet, on the group dynamic enabling this. Might we see at least some modest irrational exuberance applied to AAPL? (At this point I think AAPL is more than fairly valued. It’s just that others are way over valued. Alternatively AAPL’s health valuation could also be benefitting from punters looking to park their money somewhere with a very certain future) Edit... GME closed @ $144 yesterday and has already hit $352 this morning. Nuts.... totally nuts. a company that had a valuation of around $2B a few days ago now has a market cap of well over $20B. Perhaps I shouldn’t be the slightest concerned about AAPL having a a PE north of 40.... amazing. robinhood traders go after companies that have no value and are heavily SHORTED. AMC may be next..... IMHO: AAPL would not be a target of these traders.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 27, 2021 8:35:59 GMT -8
WRT India, important to recall (or learn, for those newer to the board) that Apple, Inc is organized by geographic region, not by its products or services: Americas, Europe, Greater China, Japan and Rest of Asia Pacific. And GME has nothing to do with irrational exuberance. It's a short squeeze fueled by a Reddit board, and fanned by breathless CNBC coverage. It has zero to do with the broader markets, other than the fact that there is a ton of money on the sidelines right now looking to jump in. That's why AAPL could jump on a beat. Sad that I sold my GME $120 call yesterday. But I don't have the stomach to hold neeked weekly calls overnight. Edit: NOK is the latest Reddit target. Two halts in a row, haha.
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Post by archibaldtuttle on Jan 27, 2021 8:50:21 GMT -8
It won’t happen to AAPL because the market cap is so big. They’re targeting low market cap companies with high short interest because they’ve discovered they can actually move the market in these stocks.
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Post by BillH on Jan 27, 2021 9:03:49 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 27, 2021 9:47:58 GMT -8
LOL it won't happen to Apple because there isn't enough money in any fund, including sovereign wealth, to short 140% of AAPL shares like they did GME. I guess that huge OMG market cap is good for something!
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Post by socal Film Composer on Jan 27, 2021 10:21:53 GMT -8
re GME Thank god we can't be manipulated like this (our market cap protects us from such insanity) ! I do see it as a very dangerous market signal however - - i.e. herds of retail investors chasing - there will be another correction - sometime, for some reason - when, is anybody's guess. Part of the reason I can sleep so well at night, is I feel AAPL (largest holding) is also more or less fairly valued - I'm OK w/the the ups and downs - the general direction, not from even quarter to quarter in multiple YEARS is UP. Will be some very interesting market dynamics today - already a fantastic run into the numbers, and if this is "all" we get out of the quarter, I'm perfectly happy - slow and steady - if we surprise even bigger than already lofty expectations of course that would be OK too.
Shorts do provide a necessary counterbalance to exuberance - right? Liquidity - the "other side" of the fiscal argument or something .. and in the case of TSLA - a co. a bright future - some fun panic buying in the past several months. This is different - just insane ....
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Post by archibaldtuttle on Jan 27, 2021 10:29:14 GMT -8
Agree that it's a sign of market bubble frothiness. People opening accounts for the first time to put their rent money into the stock market is a sign of the end of a bull.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 27, 2021 10:45:31 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 27, 2021 11:16:59 GMT -8
This will be the final dividend payment at the current rate. It will be interesting to see what happens in April. The last few increases have been 4 or 5 cents. I find it hard to believe that they would only raise it by a penny in April.
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Post by socal Film Composer on Jan 27, 2021 11:52:16 GMT -8
Nice to see some sane heads here - look out below, this is going to get bumpy at some point.
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Post by duckpins on Jan 27, 2021 12:08:19 GMT -8
"Edit... GME closed @ $144 yesterday and has already hit $352 this morning. Nuts.... totally nuts. a company that had a valuation of around $2B a few days ago now has a market cap of well over $20B. Perhaps I shouldn’t be the slightest concerned about AAPL having a a PE north of 40...." Sorry but I don't believe for a second a bunch of yahoos on Reddit are outmaneuvering the deep corrupt pockets of GS and all. Don't know what's going on. But more likely Musk or some other billionaire is just having fun screwing with Wall Street. Money is made more quickly on the way down as we see today. You have to add puts and covered calls to really assess short positions and where is that information? I don't have it.
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Post by archibaldtuttle on Jan 27, 2021 13:18:14 GMT -8
FB beats expectations, stock down 5% right now AH
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Post by Odd-Lot Richard on Jan 27, 2021 13:31:23 GMT -8
Boom!
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mark
fire starter
Posts: 1,552
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Post by mark on Jan 27, 2021 13:32:45 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 27, 2021 13:33:07 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Jan 27, 2021 13:33:08 GMT -8
January 27, 2021 Apple Reports First Quarter Results Revenue up 21 percent and EPS up 35 percent to new all-time records
iPhone, Wearables, and Services set new revenue records
Cupertino, California — January 27, 2021 — Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. International sales accounted for 64 percent of the quarter’s revenue. “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.” “Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.”
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ono
Member
compensation
Posts: 537
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Post by ono on Jan 27, 2021 13:33:37 GMT -8
revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent.
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Ted
fire starter
Posts: 882
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Post by Ted on Jan 27, 2021 13:34:01 GMT -8
Cupertino, California — January 27, 2021 — Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. International sales accounted for 64 percent of the quarter’s revenue. “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.” “Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.”
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Post by archibaldtuttle on Jan 27, 2021 13:35:05 GMT -8
Huge enormous beat beyond all expectations. Let’s see if the stock cares.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 27, 2021 13:38:13 GMT -8
Note to Tim: Try not to announce earnings on days when the Wizard of Oz gives his stupid pressers. From now on I'm buying DJI puts on days when that dumbass talks.
Anyway a huge beat, beyond all expectations, indeed.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jan 27, 2021 13:40:29 GMT -8
139?? Double-digit growth across all product categories. Wall St. wisely anticipates the there will be a tough beat a year from now and tanks the stock. I've seen this movie. Something about the "Law of Small Minds"
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Post by kpas1 on Jan 27, 2021 13:42:13 GMT -8
Huge enormous beat beyond all expectations. Let’s see if the stock cares. Stock doesn't seem to care about the big beat. Weird. Maybe it was somehow baked in already. Good for my options though. Sold a ton of premium and it all should expire worthless by Friday.
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Post by Lstream on Jan 27, 2021 13:44:31 GMT -8
139?? Double-digit growth across all product categories. Wall St. wisely anticipates the there will be a tough beat a year from now and tanks the stock. I've seen this movie. Something about the "Law of Small Minds" Since I am in a generous mood after seeing these numbers, I will go with the explanation that the market had faith that the company was going to deliver, and ran the stock up in anticipation of it happening. So the reaction is that the market saw what was expected.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Jan 27, 2021 13:47:08 GMT -8
Give’m time, they are still tryin’ to count to $111.4 billion on their fingers and toes.
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Post by elmar on Jan 27, 2021 13:50:17 GMT -8
From my experience after hour prices on earnings day have not been very good indications for the price during the next few days. Especially not after a beat.
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Jan 27, 2021 13:54:46 GMT -8
Give’m time, they are still tryin’ to count to $111.4 billion on their fingers and toes. Dave your assuming they can count, AssUMe, N0t fair, i can smell upgrades, 21% yoy growth, unheard of, 39.x GM, sell, sell, sell. Chicken littles, we will rise in the AM Cheers to AAPL
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