Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Feb 1, 2023 2:45:52 GMT -8
Good morning and welcome to the first day of February. We start the month with a red pre-market at -0.27% at this moment.
This will likely be a very interesting day.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Feb 1, 2023 3:00:37 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on Feb 1, 2023 5:34:30 GMT -8
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ono
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Post by ono on Feb 1, 2023 9:44:05 GMT -8
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Post by duckpins on Feb 1, 2023 11:52:50 GMT -8
Looks like the market didn't trip over the Fed hurtle so all depends on Apple tomorrow. Good report and we will probably have a good month. If we get a bad Apple might ruin the entire barrel.
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ono
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Post by ono on Feb 1, 2023 13:03:37 GMT -8
jingdaily.com/revenge-spending-travel-chinese-new-year-2023/January 30, 2023 What Happened: In the first six days of the Chinese New Year holiday, a total of 308 million tourism trips within China were made, data from the Ministry of Culture and Tourism showed last Friday. With revenge travel also came revenge spending; total revenue generated from domestic tourism during this year’s holiday stands at 375.8 billion yuan ($55.6 billion), a 30 percent year-on-year increase from 2022, and 73.1 percent higher than in 2019.
It was good news for luxury as key malls like Shanghai’s Plaza 66 saw long queues form outside Chanel, LV and Hermès. The LV store’s total revenue reportedly reached 10 million RMB ($1.48 million) a day during the festive season.
The mainland is finally on the move again — these travel figures being the latest sign of China’s travel rebound after a hiatus of three years. Travel saw a 23.1 percent increase from the same period last year and is at 88.6 percent of 2019’s level, prior to the COVID-19 outbreak, reports Reuters.
China’s revenge spending was particularly evident in popular destinations such as Hainan’s Sanya, which received a massive influx of tourists seeking sun, sea, and retail therapy. Duty free stores there saw business surge, with sales totaling 380.7 billion RMB ($56.4 billion) over the seven-day festival, up 20.69 percent from 2022’s and 329 percent from 2019’s Chinese New Year period, as reported by local news outlet Hainan Daily.
This is all very good news for the luxury, fashion, beauty, travel and leisure markets, of course. Higher hopes for China’s economic recovery and a positive consumer sentiment can only boost these global industries. Since the drop of the severest pandemic restrictions on internal and international travel in early January 2023, this Chinese New Year has shown that the population is keen to spend and take in new experiences. Brands should be strategizing on how to competitively engage with this reenergized marke
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Feb 1, 2023 13:10:28 GMT -8
AAPL had a good recovery from what was looking like an otherwise bad day. A large spike in volume the last few minutes of the trading day.
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ono
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Post by ono on Feb 1, 2023 13:21:54 GMT -8
Here's to Apple's Macau stores seeing robust "luxury" Lunar New Year sales. 🤞 I'm anxiously awaiting for Luca's commentary on Q2 demand. He'll be cautious no doubt, but if it isn't dire, some price targets may return near the highs. www.bloomberg.com/news/articles/2023-02-01/macau-s-gaming-revenue-climbs-82-5-as-china-tourism-reignitedKey Insights China’s Covid reopening on Jan. 8, just ahead of Lunar New Year celebrations in the latter part of the month, sparked a surge in travel. About 451,000 visitors arrived in Macau during the week-long holiday, an almost 300% increase from a year earlier, with most arrivals coming from mainland China, according to provisional data. “All the operators that we’ve met were positively surprised by the level of demand during Lunar New Year,” JPMorgan Chase & Co. analyst DS Kim wrote in a note Monday. “We feel (very) good about the pace and magnitude of recovery here”, Kim said. There are signs the rebound may stretch through the first quarter at least. Macau hotel room rates for February and March have risen to pre-pandemic levels, Hong Kong newspaper Sing Tao Daily reported Jan. 30. Analysts surveyed by Bloomberg have also ramped up their estimates for the sector. The median forecast is for 222% growth in gaming revenue this year, from 195% predicted a month ago. The Gaming Inspection and Coordination Bureau said Wednesday that gross gaming revenue climbed 82.5% last month from a year earlier to 11.6 billion patacas ($1.4 billion), beating the median estimate of a 36.5% increase, according to analysts surveyed by Bloomberg. That’s the first rise since February last year and the highest monthly revenue since January 2020. Apple leads China’s fourth-quarter smartphone sales as market posts fifth straight year of decreased consumer demand in 2022 Apple seized a 23.7 per cent share in China’s smartphone market in the December quarter on the back of demand for its iPhone 14 models Overall China smartphone sales in 2022 saw Apple outperforming the market with just a 3 per cent year-on-year decrease
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4aapl
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Post by 4aapl on Feb 1, 2023 13:41:46 GMT -8
I don't understand the "greater user control over which apps are available" part. Unless that's talking about huge swaths that aren't available, like bitcoin (or did that get changed) and "questionable material".
I'm still trying to understand the full justification for thinking Apple should allow the hosting/searching/vetting/downloading of a "free" app on their site, and then have the actual purchase (upgrade, in app purchases, subscription) happen elsewhere with Apple getting nothing. I can't come up with an analogy of that in real life. I can understand the argument for this if a fair price is paid upfront, but if Apple hosts free apps for free upfront, then the problem is whether the app really is free, or it's a front for 10%, 20%, 50% or all of the users to pay a subscription or upgrade through the vendor.
It's just that tricky middle ground, since Apple isn't charging a hosting fee. Instead they are asking for a cut of purchases if purchases happen, whereas some of the vendors are instead wanting you to come behind around the corner and pay in cash.
I know we've talked about this a lot here. There's got to be some solution. But so many of these complaints just give a "this isn't fair!" statement, rather than trying to come up with some solution that is fair to all sides, and also better for the consumer if that is what is being argued.
Good to see green come out by the end of the day. Like other things, you might see the longer term happenings, but the middle and short term actions can be frustrating.
Careful out there if getting weather. We had the cold blast this weekend, and the conditions were just "right" to make things amazingly slick. When full tread Blizzaks are slipping (EDIT: at 2mph, when turning around at an accident where others slide into each other, I almost slide into a parked tesla. We had fun skiing, once parked), you know it's bad. Sometimes it's best just to stay inside, which is what the NOAA warnings said to do.
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4aapl
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Post by 4aapl on Feb 1, 2023 14:08:54 GMT -8
There was a story on the stock app a couple days ago about interest rates, and how all 3 major centers (Fed, European union, London) had all raised rates. But while the Fed at the time was at 4.5, the European Union was only at 2%. www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.htmlWe hear that the big players can arbitrage this situation. Is there any way for other investors to do so, either with an investment or a loan? I'd expect the problem comes down to collateral and it's location. So while Apple, or someone having a house both in the US and in Europe, might have an easy time opening a new loan in a location due to having collateral there, someone only based in the US wouldn't have that ability. I'm sure the likes of Goldman can find a way, but the costs and complexity for a normal investor likely negate the potential arbitrage opportunity.
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Post by archibaldtuttle on Feb 1, 2023 16:32:58 GMT -8
META up 20% after hours. Yowza
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Post by hledgard on Feb 1, 2023 18:33:26 GMT -8
META up 20% after hours. Yowza I do not know why, but I just cannot connect to FaceBook. It seems to play on emotion, and has a very tight walled garden, much stronger than Apple. I know people who live on it, I live on Apple, and I have friends that live on Netflix. PS I do think Netflix is on top of the times, and has a stock market future. We shall see.
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