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Post by CdnPhoto on Oct 25, 2023 4:14:15 GMT -8
AAPL is down in the premarket $172.60 -0.84 (-0.48%) RSI bumped up to 42.03
MSFT and GOOGL reported earnings. It came down to the cloud. With Microsoft gaining well in the cloud, and being rewarded with the stock price, and Google not so well with their cloud, and getting hit hard with the stock.
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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 Oct 25, 2023 5:24:47 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,113
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Post by Dave on Oct 25, 2023 5:36:47 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,113
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Post by Dave on Oct 25, 2023 5:40:14 GMT -8
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Post by archibaldtuttle on Oct 25, 2023 9:10:11 GMT -8
Looks like GOOGL solid beat on revenue and earnings expectations and is down 9%. Anyone have an explanation for that?
Definitely makes one worried about AAPL having a slight beat…
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4aapl
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Post by 4aapl on Oct 25, 2023 9:24:26 GMT -8
Apple is raising the price on many of its subscription plans: Apple raises prices on some subscription services including Apple TV+While in general I'd prefer Apple kept the prices low, especially while trying to pull in more users, it seems pretty low as long as people are using the service. And Netflix has shown us that there is room to raise rates. We just don't watch much TV these days, even if we get plenty of screen time. The kids are enjoying watching Gilmore Girls, and as a family we are watching White Collar, though that happens to be on DVD from the library, which was convenient when our town's internet was spotty for a couple days. Hopefully Apple can ramp up Apple TV+, both with new things but it also seems like a library of older stuff wouldn't be a bad idea. Sometimes it is so tough to find something to watch when you actually want to watch something, while the older libraries of stuff on some services seem to be full of junk. It seems like a top-100 list or even top-500 list for different genres, and then 5-10 available per month, would be possible. Like Apple products, trim it down to just good stuff, and trim the choices down to a small enough list to where it is possible to make a choice. But maybe I've just sat through too many times where the kids have fought about what to watch for an hour. I'm sure we had the same thing at the video rental store, but they just had a back cover and some pictures, instead of each having a 2-3 minute trailer. And while I'd like to see better integration with IMDB or other things, plus some good search tools, maybe Amazon doesn't want to do that since so much of its older library is junk. There is some good stuff in there, but it would be like trying to find a loose earring at the beach. You often have to sift through a lot of stuff to find it.
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4aapl
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Post by 4aapl on Oct 25, 2023 9:35:09 GMT -8
Looks like GOOGL solid beat on revenue and earnings expectations and is down 9%. Anyone have an explanation for that? Definitely makes one worried about AAPL having a slight beat… I thought I saw a headline that said the pullback was due to Google Cloud being ONLY up 20%. (on the stock app from CNBC, the title says 22%, though I didn't catch much substance in the video) I don't know what was expected. 40%? But it seems like people are seeing it (cloud and AI) as a limited space, and Microsoft is taking a larger percent than expected. Here's a different article finance.yahoo.com/video/alphabet-cloud-revenue-slight-yellow-212501305.html
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Post by CdnPhoto on Oct 25, 2023 10:33:43 GMT -8
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Post by CdnPhoto on Oct 25, 2023 10:34:35 GMT -8
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4aapl
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Post by 4aapl on Oct 25, 2023 10:45:05 GMT -8
It's hard to see red in AAPL as a good thing, but at least it's beating the nasdaq by around a percent.
If you have some investment changes you have been slow to make, times like this can be helpful. Conversions from an IRA to a Roth can be smart at a low point. As can changing from conservative investments to something with better long term prospects. In our DAF there is only a choice of a handful of investments, and I think the "riskiest" is similar to the S&P (EDIT: there's actually 15, but the most aggressive is PRILX, a S&P equivalent. Then there is a total market, a small cap (russel 2000), and an international. Below that is great for risk-adverse people, but not the right choice for me if I'd like to see inflation beating returns). I'll probably push that to be more aggressive.
And then I think we have a ~20 year old 401k equivalent (403b?) that has a bad mix, with some chunk in a near cash equivalent. While it's a tiny total and once can think of it as a hedge, it's not what I want.
This is a reminder that the market doesn't appear to be ready to fly to the upside. There doesn't seem to be a lot of catalyst to spring up, even if there also doesn't seem to be a lot to make it fall much further either. I imagine fed output and holiday sales figures will be even more important over the coming month than normal, along with earnings and outlook from companies. This could be a rocky time, but hopefully today absorbed some of the perceived fluff.
And speaking of holiday sales, I just continue to be impressed with some of these companies figuring out ways to get their piece of the spending pie early. IMO Amazon Day was a little early. But here comes Costco with its holiday ad, with 3 periods to help keep excitement building, but starting Oct 30th. There's lots of TVs, monitors, and laptops in there. There were also several mentions of Apple stuff sales, but no specific items or discounts yet. My guess is that part of it is related to "Scary Fast" on the 30th, and that there could be some good discounts on older stuff after that. Costco seems to often have some older Apple stuff at a discount, like older MBA in addition to current ones.
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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 Oct 25, 2023 12:30:41 GMT -8
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