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Post by CdnPhoto on Jul 24, 2024 3:28:48 GMT -8
AAPL is currently at $225.45 +0.44 (+0.20%) RSI at 57.77
Most of the tech market is being dragged down post TSLA earnings.
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Post by CdnPhoto on Jul 24, 2024 4:57:39 GMT -8
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4aapl
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Post by 4aapl on Jul 24, 2024 6:14:20 GMT -8
AAPL is currently at $225.45 +0.44 (+0.20%) RSI at 57.77 Most of the tech market is being dragged down post TSLA earnings. And now pretty much everyone. On my lists I'm only seeing T up, and big oil flat. On the "good" side, when seeing everyone down so it doesn't feel so targeted, Costco is down 2% too. It's crazy to see their P/E at 52. I don't know their growth rate and stats, but offhand I wouldn't expect to see that, even with the cult following and fairly reliable (similar to subscriptions) earnings. Target has a P/E around 16, and is down 1%. I guess this is a broad "everything down" day. Some are fearful of a coming recession, but if expecting a mild one if it happens, and looking a year out, it's not a worry to others. That said, it's likely there's just some "profit taking" or derisking, feeling the market got a little ahead of itself.
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4aapl
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Post by 4aapl on Jul 24, 2024 6:34:46 GMT -8
The 2034 winter olympics will be in Salt Lake City, Utah. 2 huge things they have going for them is that all venues are within an hour of the olympic village, and they are reusing the venues and infrastructure from the 2002 olympics, which has been maintained. olympics.com/ioc/olympic-games/salt-lake-city-utah-2034www.usnews.com/news/us/articles/2024-07-24/winter-olympians-will-compete-at-these-13-venues-when-the-games-return-to-salt-lake-city-in-2034I haven't been to any of the resorts out there, but might need to make a road trip, especially if I get a pass that includes some days out there. As for this being related to Apple, I'd imaging some people are looking for a good tie in. Who knows what features or even products we'll have 10 years out from now. There will always be advertising options, and an Apple Vision Pro tie in is likely a given, both for fans but also athletes. Conditions vary, but knowing the course, in basically any sport, is a huge thing. (we have history here in Tahoe from the 1960 winter olympics, but the stories say even then it was iffy if there was going to be snow.)
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aapl
fire starter
Posts: 267
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Post by aapl on Jul 24, 2024 6:35:36 GMT -8
AAPL is currently at $225.45 +0.44 (+0.20%) RSI at 57.77 Most of the tech market is being dragged down post TSLA earnings. And now pretty much everyone. This comment has been edited by its author to remove a possible controversial reason for today's broad sell off. ;-)
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4aapl
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Post by 4aapl on Jul 24, 2024 6:53:44 GMT -8
And now pretty much everyone. Maybe the street is surprised to read in Barrons ( Apple News Link) that Kamala Harris is leading Trump in poll. A lot has gone on in the presidential race in the past 2 weeks, but even with unexpected events or changes the generality many felt a month ago is that this time period is going to be volatile for the stock market. I can only guess how things will turn out in the coming months, for AAPL, the market, or the presidential race. But unless specifically targeting AAPL or Apple, we should continue to try to skip commenting about the race here. We're in Apple's quiet period, along with the summer, so there's not tons of Apple stuff at the moment. That should change shortly with earnings, the iPhone cycle, the Watch cycle, iOS/MacOS, AI, and likely some product updates, all in the next ~3 months. EDIT: Sorry to be a stickler on the politics. I know there are times I just want to add a little remark, in what I feel would be a neutral way. But I normally manage to remind myself not to, since one person's neutral or just joking comment might not be seen that way by others, and also sparks others to do the same. I believe our last non-spam removed message (we have it in the admin area) was during the last presidential race. There will occasionally be Apple/AAPL specific political stuff, but most of this race is unlikely to be directly related. Yahoo Finance's comments areas seem to be back online today. If you ever want to see comments degrade due to politics, that's a great example.
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4aapl
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Post by 4aapl on Jul 24, 2024 8:40:20 GMT -8
AAPL is currently off about 3%. On the plus side, relatively, there's only one Mag 7 stock that is off less (AMZN is off 2.5%), and the Nasdaq as a whole is also off 2.9%. It seems one narrative is that Tesla and Google didn't surprise on the upside, so high valuations are being reevaluated. But really it just takes some small moves to spook the market, and sometimes things are just more spookable. OTOH, this article claims the economy is continuing to look to manage the Goldilocks landing. But something being 100% predicted sounds scary to me. US economy showing signs of 'Goldilocks' to start third quarter
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jz
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"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 171
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Post by jz on Jul 24, 2024 8:41:36 GMT -8
After watching Apple’s brilliantly savage ad attacking Google search for following users everywhere (THE BIRDS)…. Does anyone here believe that Google will still be paying Apple $19 billion a year to be the default search engine? It seems to me that ship has sailed, likely related to current and possible future anti monopolistic investigations, but it always seemed an odd arrangement. Regarding the possible $19 billion annually in lost revenue, any impact on Apple stock price? Will AAPL replace Google as the default search engine? Evolutionary changes in search on the horizon? How can Apple capitalize?
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Post by duckpins on Jul 24, 2024 9:32:11 GMT -8
This sell off is getting serious. Why would Apple's earnings this quarter be better than anticipated or even the same? With all the hype about AI might some buyers just wait until fall? If the earnings are thought to be bad this time I can't see the stock holding recent gains. TSLA has all kinds of support from the government state and federal yet the EV's are abundant which should lower the price. Even with the tax code on Musk's side his earning brought down the stock? The ski goggles are an opportunity. Shouldn't Apple TV be offering ring side seats at the Olympics for those with the goggles. Pu t them on and you are in the front row for every event?
Not selling the NVDA chips to China, does not make sense. they will get them one way or the other. Try to get the money from the sales flowing back to the USA. Just saying that has hurt NVDA. Probably lots more negativity for the market to digest as the "candidates" try to get tough on China or whatever moves the poles. This election cycle is less than optimal for the market.
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