AAPL-Apple

[Shareguy]

What a reaction to one brokers downgrade


https://www.cnn.com/2024/01/02/markets/apple-shares-slide-downgrade?cid=ios_app

[Basil]

Stocks ran super hard in November and December and I am expecting a correction / consolidation in the early part of this year, especially for tech and small caps.

[Shareguy]

Stocks ran super hard in November and December and I am expecting a correction / consolidation in the early part of this year, especially for tech and small caps.

Agree. Might be a buying opportunity

[KW]

There is an old market saying that the leaders of the old bull market do not lead the new bull market.  So the time might be up for the Magnficent 7.

https://www.marketwatch.com/story/4-of-the-magnificent-seven-stocks-are-losing-their-mojo-and-the-entire-group-could-stall-out-in-2024-8359c149

[Basil]

Agree. Might be a buying opportunity

Yeah...in a couple of months' time when the dust has settled from the extraordinary Nov/Dec period.

[Shareguy]

Berkshire sold down Apple in forth quarter. Only 10m shares but will probably have to wait for his newsletter out soon for info..

https://www.google.com/url?q=https://amp.cnn.com/cnn/2024/02/15/investing/warren-buffett-apple-stock-berkshire-hathaway/index.html&sa=U&sqi=2&ved=2ahUKEwiZ9_H7hLOEAxVFdmwGHQznCpsQ0PADKAB6BAgQEAE&;

[Mr Cashflow]

https://nz.finance.yahoo.com/news/apple-aapl-suffers-larger-drop-214519832.html

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% upward. Currently, Apple is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Apple is currently trading at a Forward P/E ratio of 25.9. Its industry sports an average Forward P/E of 9.24, so one might conclude that Apple is trading at a premium comparatively.

[Shareguy]

I agree with Cramer.


https://www.cnbc.com/2024/04/11/jim-cramer-says-wall-streets-too-cynical-on-powell-nvidia-and-apple.html

[Shareguy]

Another good result. $110 billion buyback announced. WOW

Post trade up $12. Markets likes it. Will be interesting to see Buffets take on Apple on Saturday. Might be regretting selling the 10m shares. Hey I guess todays gain on those sold shares would of been beer money at $120m.

https://au.finance.yahoo.com/news/apple-beats-q2-estimates-as-iphone-sales-decline-10-091232309.html

[Basil]

Watched a lot of debate on this on CNBC this morning. Just a small beat...expectations were very low. 

[Shareguy]

Watched a lot of debate on this on CNBC this morning. Just a small beat...expectations were very low. 

Yep agree.  SP up because of buy back and expectations that the future is brighter.  Blackrock has a valuation of $113 billion so this buy back is huge. We will find out A1 integration hopefully next few weeks at tech conference. Has the potential to really pop from here I reckon, given it has not gone anywhere during the last year tech rise.

[Azz]

Yep agree.  SP up because of buy back and expectations that the future is brighter.  Blackrock has a valuation of $113 billion so this buy back is huge. We will find out A1 integration hopefully next few weeks at tech conference. Has the potential to really pop from here I reckon, given it has not gone anywhere during the last year tech rise.

Apple is the current outlier in the A.I. space, and it will be interesting to see how they do - if only Steve Jobs was still around to guide the company through this new tech-epoch (but I guess that can be said about everything Apple now does: "if only Steve Jobs was still around...").

[Plata]

It is surprising to me Apple have not been more aggressive in pursuing AI in house. It isn't like they are short on cash.

[Shareguy]

Tuesday will be interesting.

https://www.investors.com/news/technology/apple-stock-wwdc-2024-expectations-siri-upgrade/

[Shareguy]

AI is Apple intelligence. Market likes it.


https://www.cnbc.com/2024/06/11/apple-shares-pop-to-record-high-after-company-unveils-ai-software.html