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Post by aaplsauce on Nov 15, 2021 22:52:42 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Nov 16, 2021 6:08:17 GMT -8
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Post by bud777 on Nov 16, 2021 9:29:45 GMT -8
I have wondered bout how much of our daily stock movement might be a result of money moving in and out of Apple to chase the stock de jour. My bias was that stocks like TESLA, NVDA, and other high flyers were responsible for the stagnation we have seen over the YTD. I calculated the Pearson's R correlation coefficient for Apple and TESLA closing prices over the past six months using closing prices from NASDAQ.com. The R-value was .55 with a p-value of .000. An R-value of 1 means the stocks move up and down in perfect sync. a value of -1 means they are exactly opposite. R=.55 doesn't really mean much, but it certainly doesn't support my theory. It is more likely that a third force is influencing both stocks in the same way. Sooooooo,....... never mind.
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Post by archibaldtuttle on Nov 16, 2021 11:53:20 GMT -8
QCOM stock had been suffering this year because Apple's moves towards making their own chips. But in the last few weeks QCOM has gotten the market to believe their narrative of diversification away from reliance on Apple, and that they'll more than make up for it with other ways to sell their chips.
QCOM up 6.4% today on these guidance projections. Now 56% in the last year, outperforming Apple at 32% in the last year.
Does this make sense to anyone?
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Post by bud777 on Nov 16, 2021 12:31:39 GMT -8
QCOM stock had been suffering this year because of Apple's moves towards making their own chips. But in the last few weeks, QCOM has gotten the market to believe their narrative of diversification away from reliance on Apple, and that they'll more than makeup for it with other ways to sell their chips. QCOM is up 6.4% today on these guidance projections. Now 56% in the last year, outperforming Apple at 32% in the last year. Does this make sense to anyone? Certainly, please allow me to explain. As Apple makes its own chips, Qualcomm gets reduced revenue resulting in poor performance this year. This will allow it to have easier YoY comparisons in 2022, hence "upgrade"!!!
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Post by deasys on Nov 16, 2021 12:55:35 GMT -8
Certainly, please allow me to explain. As Apple makes its own chips, Qualcomm gets reduced revenue resulting in poor performance this year. This will allow it to have easier YoY comparisons in 2022, hence "upgrade"!!! LOL, so true…
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Post by benoir on Nov 16, 2021 15:06:25 GMT -8
QCOM with killer chipsSo QCOM 'says' their chip in 2023 will be better than Apple's, if they can get it to market, in 2023 and they get an 8% boost meanwhile in actual tangible reality Apple delivers knockout after knockout blockbuster quarterly results and we stagnate (a bit like my pool at the moment) but 150 is the new 145....
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