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Post by aaplsauce on Apr 27, 2022 21:33:01 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Apr 28, 2022 2:27:32 GMT -8
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Post by zebrum on Apr 28, 2022 4:56:19 GMT -8
Everything is green!
Could yesterday be the bottom we have been waiting for? AAPL up 20% in after hours earnings? Hope so, good luck everyone!
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Apr 28, 2022 5:12:28 GMT -8
Everything is green! Could yesterday be the bottom we have been waiting for? AAPL up 20% in after hours earnings? Hope so, good luck everyone! I don’t know. But I’m thinking that a ridiculously low stink bid may be in order.
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Post by CdnPhoto on Apr 28, 2022 5:26:41 GMT -8
up 20% in AH trading? Wishful. Not even in my dreams do I dream that. If we got it, I'd take it.
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Post by bud777 on Apr 28, 2022 6:19:27 GMT -8
I am bracing for an onslaught of "tough compare" BS if Apple does well. Fear rules this market. Why after 80 years of Mutually Assured Destruction would anyone decide this is a good time to solve global warming with a nuclear winter? And how exactly will a half-point rise in interest rates cripple the economy? We did fine, invested in growth, and prospered with interest rates at 3-5%. Even if interest rates re-visited the late 70's, we will survive it.
Maybe it is time to pull ourselves together and talk about full employment, the fact that we are not sending our children to die in contrived conflict, and the amazing world that technology is creating. I am just a middle-class grunt who got lucky with a few investments and I live a life of comfort and security that none of my ancestors could even imagine. Hell, Louis XIV, didn't live this well. Sure there are things to worry about, but think about this, the world survived the greatest financial panic we have ever seen in 2008 and a worldwide pandemic in the past two years. Fear sells clicks and advertising, but maybe it's time to suck it up and believe in ourselves and our fellow man. As FDR said, "We have nothing to fear but fear itself".....and the tough compare.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Apr 28, 2022 6:53:24 GMT -8
Day of Days! Just about all the talking heads on CNBC have been saying 1) Apple will beat no problem and 2) the entire market hinges on an Apple beat. Gulp! Kind of scared me that Apple announced that right to repair program the day before earnings. Maybe they feel it will be material and has to be discussed in earnings. Yet another example of Euroweenies (and states where Apple is not incorporated) calling the shots. We need to fight this regulatory push, because it isn't going to stop.
Actually, I think it's supply. As I predicted, Stagflation is back!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Apr 28, 2022 7:07:14 GMT -8
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Apr 28, 2022 7:31:41 GMT -8
There's a lot fewer institutional analysts on that spreadsheet (full one on the link) than normal. Are there more that aren't making their quarterly predictions known? Judged solely by that sheet, Apple could come in at 1.60-1.63. Some independents would talk up how exact their guess was. Some would lose it all due to "price is right" rules. And the institutionals, who we've learned to generally dislike while at the same time they actually have a job and direct or indirect clients to worry about, come in 10-15% "low", right where they want to be, giving Apple a "beat". They talk it up, the market talks it up, the stock goes up some (but not too much, it's not FB here), and all are happy. Different people, different goals. Wishful thinking by the independents and the investors, whereas the "pros" have a margin of error built in. But yea, I want Apple to kick butt, though mainly because I don't have a bunch of cash sitting in my pocket to buy even more. Still, if trying to put probabilities on things, the bullish side looks pretty good in this economy and employment cycle. And that's not even considering all the new product updates Apple has pushed out that have been a bit more aggressive than normal, thus pushing the upgrade cycle to shorten a little. We just got a new SE for my daughter, replacing the 8 she had been using that had some microphone and lightning plug issues. It's good to keep on moving forward.
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4aapl
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Post by 4aapl on Apr 28, 2022 7:40:01 GMT -8
GDP contracted 1.4% instead of the expected 1% gain for the first quarter. finance.yahoo.com/news/q1-us-gdp-gross-domestic-product-economic-activity-190926750.htmlWow, and yet things are green today? 1 quarter in, where 2 negative quarters make a recession. Either this isn't being taken into account, or in the bizarro world a negative q makes the fed less likely to ratchet up the rate a half point at their May meeting. That's probably it, along with taking into account how much oil/gas increases play a part.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Apr 28, 2022 8:20:31 GMT -8
GDP contracted 1.4% instead of the expected 1% gain for the first quarter. finance.yahoo.com/news/q1-us-gdp-gross-domestic-product-economic-activity-190926750.htmlWow, and yet things are green today? 1 quarter in, where 2 negative quarters make a recession. Either this isn't being taken into account, or in the bizarro world a negative q makes the fed less likely to ratchet up the rate a half point at their May meeting. That's probably it, along with taking into account how much oil/gas increases play a part. Don't you remember the old days when we used to joke that bad news is good news so the Fed won't F things up? It's like a Jim Cramer reverse ETF. I've said from the beginning this is not organic (growth-caused) inflation. It was created by 1) The Fed printing & asset purchases > WWII dollars*; The government dropping >WWII dollars* out of helicopters; 3) Supply chain woes from covid shutdowns; 4) The weaponization of energy in the Ukraine conflict. ALL GOVERNMENT CREATED. The government will chop off your arm, hand you a band aid (that costs $1000), and ask you to thank it.
* WWII cost $4.1T in today's dollars. The Fed bought & printed > $5T. US helicopter stimulus has been > $5T.
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Post by archibaldtuttle on Apr 28, 2022 9:54:39 GMT -8
Today's action is very impressive but I fear it is front-running the earnings and setting us up for an after hours drop.
It's often better to be low going into earnings, and surprise to the upside, leading to a strong post-earnings reaction... rather than anticipating positive earnings and then suffer a disappointing reaction...
But we'll see soon enough!
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ono
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posted
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Post by ono on Apr 28, 2022 9:56:15 GMT -8
ABBA: "Money, money, money..." [Note: No political statement intended, but an economic illustration of additional money that is awash.] $5.3T to combat Covid and its economic impact
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Post by dc930 on Apr 28, 2022 10:40:29 GMT -8
I have dry powder stashed away for a home down payment, but boy was I tempted with our recent dip into the $150's. Maybe I'll leg in with 50% pre and post earnings, no matter what numbers they print.
You can always put a down payment on margin, right? ;-)
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Post by duckpins on Apr 28, 2022 10:59:10 GMT -8
Caution with earnings is the supply chain in China. No one really knows outside a very select few what that actually means. But it sounds really bad and now China has closed many factories related to Apple so says Financial Times. If Tim mentions this as a problem...
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Post by Luckychoices on Apr 28, 2022 11:00:53 GMT -8
Any person fully invested in AAPL for any length of time had to have long ago adjusted to the fact that AAPL's share price will sometimes increase, sometimes decrease...and sometimes go sideways. Over the years AAPL investors have seen massive appreciation of their investment...but sometimes it's easy to lose track of where we are, investment wise. I don't track AAPL by what it's done YTD or by calendar year...I choose to track it in relation to my retirement date, 05/19/08 and the yearly anniversary.
And even at Tuesday's close of $156.80, AAPL was still up 26% since 05/19/21...and if AAPL actually dropped to $140, as some misguided folks have projected, AAPL Longs would still be up 12% since 05/19/21.
Are some AAPL Longs in a slight panic about the possibility of a drop in share price after earnings today? I can't speak for other AAPL Longs, but, personally, I'm hoping the share price stays down for the next few weeks until AAPL dividends are paid in mid-May. The AAPL dividends which were auto-reinvested in February of this year, purchased shares at $171.98. If my wife and I could pick up new shares of AAPL with our dividends in the $140's or $150's, that would be awesome. But if AAPL rises to $200/share by May dividends, I'd be fine with that as well. 😎
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Post by CdnPhoto on Apr 28, 2022 12:11:24 GMT -8
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Post by dc930 on Apr 28, 2022 12:30:56 GMT -8
nice
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ono
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posted
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Post by ono on Apr 28, 2022 12:32:50 GMT -8
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Post by dc930 on Apr 28, 2022 12:35:41 GMT -8
CUPERTINO, CALIFORNIA APRIL 28, 2022 Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52.
“This quarter’s record results are a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” said Tim Cook, Apple’s CEO. “We are delighted to see the strong customer response to our new products, as well as the progress we’re making to become carbon neutral across our supply chain and our products by 2030. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind.”
“We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories. Continued strong customer demand for our products helped us achieve an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “Our strong operating performance generated over $28 billion in operating cash flow, and allowed us to return nearly $27 billion to our shareholders during the quarter.”
Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock, an increase of 5 percent. The dividend is payable on May 12, 2022 to shareholders of record as of the close of business on May 9, 2022. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
Apple will provide live streaming of its Q2 2022 financial results conference call beginning at 2:00 p.m. PT on April 28, 2022 at apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter.
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Post by archibaldtuttle on Apr 28, 2022 12:37:16 GMT -8
Pretty good reaction for such a slight beat (the "whisper number" was actually 1.57).
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Apr 28, 2022 12:38:21 GMT -8
So Cook says zero effect by covid shutdowns in China. Fake news media strikes again! Cheers to the longs.
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Post by dc930 on Apr 28, 2022 12:42:19 GMT -8
Cheers to the longs. I'll drink to that
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ono
Member
posted
Posts: 555
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Post by ono on Apr 28, 2022 12:43:28 GMT -8
A solid "tell" that board sees shares as undervalued.
Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock, an increase of 5 percent. The dividend is payable on May 12, 2022 to shareholders of record as of the close of business on May 9, 2022. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
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Post by dc930 on Apr 28, 2022 12:52:18 GMT -8
16,403,316 diluted shares outstanding. If my math is correct that ~500k shares retired in 12 months, or roughly $80M
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Post by CdnPhoto on Apr 28, 2022 13:01:27 GMT -8
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Post by aapltini on Apr 28, 2022 13:10:35 GMT -8
And we’re down AH. 👎
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Post by CdnPhoto on Apr 28, 2022 13:12:43 GMT -8
Looks like tech is being dragged down by AMZN, ROKU and HOOD
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Post by archibaldtuttle on Apr 28, 2022 13:20:21 GMT -8
As I said earlier, this wasn't much of a beat. It's below the "whisper number," which is what Wall Street was *really* expecting.
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Post by dc930 on Apr 28, 2022 13:37:01 GMT -8
As I said earlier, this wasn't much of a beat. It's below the "whisper number," which is what Wall Street was *really* expecting. Still helps me sleep at night. In baseball terms AAPL just keeps roping doubles into the gap. Consistency.
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