aapl
fire starter
Posts: 267
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Post by aapl on Jul 15, 2024 2:34:15 GMT -8
Apple is up bigly in the premarkets: 235.35 +$4.81 (+2.09%) Bloomberg reporting this morning that Apple's India sales are up 33% year over year. Link
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Post by CdnPhoto on Jul 15, 2024 3:07:34 GMT -8
Bloomberg reporting this morning that Apple's India sales are up 33% year over year. Link x.com/gurgavin/status/1812766996020224491?s=12&t=ozwoJJYJimEqzj8Bv3_DRQAPPLE’S ANNUAL SALES IN INDIA HAVE RISEN 33% YoY TO AN ALL TIME HIGH OF $8 BILLION INDIA CURRENTLY MAKES UP ONLY 2% OF APPLE’S $383 BILLION TOTAL ANNUAL REVENUE APPLE’S ANNUALLY REVENUE IN INDIA BY YEAR PER BLOOMBERG 2021 $4 BILION 2022 $6 BILLION 2023 $8 BILLION
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Post by CdnPhoto on Jul 15, 2024 3:09:09 GMT -8
Morgan Stanley Raises $AAPL PT to $273 from $216
Analyst Comments: "We are elevating Apple to our Top Pick . We believe Apple Intelligence is a clear catalyst for a multi-year product upgrade cycle, which the market still underappreciates."
"Our analysis suggests Apple will ship nearly 500 million iPhones over the next two years (235m in FY25, 262m in FY26), 6% higher than the record FY21-FY22 cycle. This will drive 5% annual iPhone ASP growth, resulting in nearly $485 billion of total revenue and $8.70 in earnings power by FY26 (vs. $459 billion and $8.20 previously), 7-9% above consensus."
"Using a regression-implied target multiple of 31x P/E, this leads to our new $273 price target, indicating over 20% upside and a >2:1 risk-reward skew ($349 bull case vs. $173 bear case)."
"Near-term positive catalysts include F3Q earnings, the mid-September iPhone launch, and potential positive iPhone build revisions in mid-October. Accelerating unit growth historically drives Apple stock outperformance, making the recent outperformance sustainable."
"As a result, we are elevating Apple to our Top US IT Hardware pick, with Dell now our most-preferred enterprise hardware Overweight."
Analyst: Erik Woodring
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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 15, 2024 4:38:27 GMT -8
Apple is up bigly in the premarkets: 235.35 +$4.81 (+2.09%) Bloomberg reporting this morning that Apple's India sales are up 33% year over year. LinkOne word. . . . . WOW!
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Post by artman1033 on Jul 15, 2024 5:08:20 GMT -8
AAPL ALL TIME HIGH!$237.23All Time Highest TODAY intraday 58,409,071 shares traded today
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Post by benoir on Jul 15, 2024 5:45:37 GMT -8
Apple is up bigly in the premarkets: 235.35 +$4.81 (+2.09%) Bloomberg reporting this morning that Apple's India sales are up 33% year over year. LinkOne word. . . . . WOW!Isn’t it ‘wheeeeeee…’? Quite a ride up in the last 3 months - up $70 oif the pre market holds. (Edit for late night thumbs)
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Post by duckpins on Jul 15, 2024 8:38:36 GMT -8
Only problem with today's move is that there is a small gap up. Gaps do like to be filled. You can have a gap and run that is not filled in a really hot stock moving up on MO and fundamentals or a gap up on whatever moves the market on the day which will be filled in time. Revisiting todays open would not be a surprise.
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Post by zzmac on Jul 15, 2024 9:04:20 GMT -8
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Post by CdnPhoto on Jul 15, 2024 16:36:23 GMT -8
Loop Capital upgraded Apple $AAPL to Buy from Hold with a price target of $300, up from $170.
Loop's supply chain work suggests that Apple has an opportunity the next few years to solidify itself as consumer's generative artificial intelligence base camp of choice, just as it did for social media 15 years ago with the iPhone and digital content consumption 20 years ago with the iPod. Each of those trends were material stock catalysts and the basic math suggests that generative AI has the opportunity to be the same. Loop says Apple is looking to 3-peat as the platform of choice.
Dan Ives is no longer the top target, for now.
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