aapl
fire starter
Posts: 267
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Post by aapl on Jul 9, 2024 2:06:59 GMT -8
Apple is down in the premarkets: 227.56 -$0.26 (-0.11%)
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jul 9, 2024 2:19:36 GMT -8
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Post by CdnPhoto on Jul 9, 2024 3:50:28 GMT -8
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Post by Lstream on Jul 9, 2024 4:30:43 GMT -8
You’re just jealous cause you don’t get paid big bucks to be irrelevant and clueless. Right?
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Post by CdnPhoto on Jul 9, 2024 4:39:47 GMT -8
You’re just jealous cause you don’t get paid big bucks to be irrelevant and clueless. Right? Busted. You got me. ![:D](//storage.proboards.com/forum/images/smiley/grin.png)
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Post by artman1033 on Jul 9, 2024 5:30:37 GMT -8
AAPL ALL TIME HIGH!$229.40All Time Highest TODAY intraday 47,903,015 shares traded today
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aapl
fire starter
Posts: 267
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Post by aapl on Jul 9, 2024 6:25:33 GMT -8
Just touched 229.40 and trailing 12 months earnings have the PE at 35.71 which has got to be near a historical high. My gut says this feels a bit frothy. Anyone agree or am I worrying about nothing?
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Post by CdnPhoto on Jul 9, 2024 6:43:46 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,230
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Post by JDSoCal on Jul 9, 2024 8:08:17 GMT -8
Just touched 229.40 and trailing 12 months earnings have the PE at 35.71 which has got to be near a historical high. My gut says this feels a bit frothy. Anyone agree or am I worrying about nothing? Most of us have long argued that Apple was underpriced. I forget who first coined the mantra that the best company in the world had the PE of a utility company. AAPL still has a PE lower than: AMZN AMD MSFT NFLX TSLA Of course, stocks typically take the stairs up but the elevator down, so eventually there will be a sale. That's when it's time to be greedy when others are fearful. ![](https://i.postimg.cc/fyXQYJN8/Negative-Waves.jpg)
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aapl
fire starter
Posts: 267
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Post by aapl on Jul 9, 2024 8:56:38 GMT -8
Kelly's Heroes is a great movie. What a cast! I'm going to have to rewatch it.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jul 9, 2024 9:07:09 GMT -8
But wait. Wasn’t it Jerome that was wanting to crash the economic growth and increase unemployment to save us from inflation? I thought that that was a good thing, but now it’s a bad thing. And wasn’t it just a few years ago, when people were begging the Fed to do something about the run away inflation, and Jerome was saying that it was only “transitory” and nothing to worry about? He may claim that he is not a politician but he sure talks like one. Right.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,230
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Post by JDSoCal on Jul 9, 2024 9:45:28 GMT -8
Interesting report from Goldman Sachs. I've been questioning this 1) Launch an AI product 2)?? 3) Profit! model that all the analysts are raving on about, but where's the revenues? Apple got ChatGPT for free! Gen AI: Too Much Spend, Too Little Benefit?
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Post by duckpins on Jul 9, 2024 9:59:23 GMT -8
"Most of us have long argued that Apple was underpriced. I forget who first coined the mantra that the best company in the world had the PE of a utility company. AAPL still has a PE lower than:"
ADBE is over 50. Look at lists of good stocks many are very high some are surprisingly low. BRK 12 or so. MKR over 100. Don't know what PE means to the market. But for AAPL around 39 or 40 I think was the most recent high. Have to look it up.
"But wait. Wasn’t it Jerome that was wanting to crash the economic growth and increase unemployment to save us from inflation? I thought that that was a good thing, but now it’s a bad thing. And wasn’t it just a few years ago, when people were begging the Fed to do something about the run away inflation, and Jerome was saying that it was only “transitory” and nothing to worry about? He may claim that he is not a politician but he sure talks like one. Right."
This is a political post. Politicians cause inflation and the Fed can't blame their policies or they will be replaced so that dance. 7 trillion in 600 a week payment to the "unemployed" caused this temporary inflation. Plenty of work for the unemployed during covid and now. I notice with the wild fires PGE raises rates to cover their costs. But they don't put the wires underground yet there are thousands of unemplowed and many prisoners to do the work which is vital.
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Post by deasys on Jul 9, 2024 10:19:03 GMT -8
Just touched 229.40 and trailing 12 months earnings have the PE at 35.71 which has got to be near a historical high. That depends on how far back you reach: Apple's P/E was well above current levels for over 4 years from ~2004 to 2008—almost in NVDA, TSLA, and AMZN territory! In fact, it ht a peak of 93.7 in November 2004: www.financecharts.com/stocks/AAPL/value/pe-ratio
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