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To: NAG1 who wrote (211027)10/28/2021 4:42:38 PM
From: NAG1
1 Recommendation   of 211497
 
Apple’s report

apple.com

Still some great growth but not what the analysts were predicting. Stock is off 6-7 bucks after the gain of 3.5 bucks during the daytime session. While they didn’t hit the analysts numbers, the report is still good. What the stock does overall will depend on what is reported during the CC. Unless something comes up differently in the CC, will still hold long term. Short term price action may be influenced by Amazon reporting underwhelming numbers as well, at least from the headlines I was looking at.

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From: NAG110/28/2021 5:33:22 PM
3 Recommendations   of 211497
 
Tim Cook mentioned that supply chain issues caused a 6 billion dollar issue this quarter. COVID backlog should be resolve but chip backlogs remain.

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To: NAG1 who wrote (211029)10/28/2021 10:25:16 PM
From: Moonray
   of 211497
 
Tim Cook mentioned that supply chain issues caused a 6 billion dollar issue this quarter.
Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion

o~~~ O

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To: Moonray who wrote (211030)10/28/2021 11:48:35 PM
From: NAG1
3 Recommendations   of 211497
 
Moon,

Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion
Without the supply chain issues, that extra 6 billion would have put Apple at the high end of estimates. For right now, TC hasn't given me a reason not to believe what he says so I will tend to believe it.

Still, comparing it to the similar quarter last year, even though there were issues, it is a pretty darn good quarter, especially when you consider how big Apple is right now. If the estimates were for 80 billion and they came in with the present quarter, there would still be those that would say that it should have been better.

Apple will probably spend some time in the woodshed right now. I wouldn't expect any big moves up in the stock. I would hope that we would hold the mid 140s. I think they are going to have to grow into this valuation. But a lot may depend on how the analysts spin this.

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To: NAG1 who wrote (211031)10/29/2021 9:52:16 AM
From: NAG1
2 Recommendations   of 211497
 
Might be a good time for Apple to buy back some more of its stock. I think the report said they bought back about 20 billion dollars worth of stock in the past quarter and they still have a way to go to get to the cash neutral position they talked about. That is if they have confidence in their demand. 20 billion in the last quarter says that they do.

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From: Moonray10/29/2021 11:11:31 AM
   of 211497
 
Microsoft passes Apple to become the world’s most valuable company

o~~~ O

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To: NAG1 who wrote (211032)10/29/2021 11:14:46 AM
From: Moonray
   of 211497
 
Might be a good time for Apple to buy back some more of its stock.
Apple spent nearly $20 billion on stock buybacks in Q4 at average prices below the VWAP

o~~~ O

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To: Moonray who wrote (211034)10/29/2021 11:56:32 AM
From: Art Bechhoefer
2 Recommendations   of 211497
 
I wonder whether proposed legislation for a 1% tax on buybacks will discourage companies like Apple from buying back their own shares. More broadly, I wonder whether this kind of tax really does anything constructive in terms of raising tax revenue and addressing the widening gap between incomes of very wealthy and low to middle income groups – a gap that itself has been shown to reduce the growth rate of gross domestic product. There are better alternatives, but you won't find them considered by politicians, most of whom have never prepared their own income tax forms.

Art

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To: NAG1 who wrote (211027)10/29/2021 12:52:38 PM
From: spyder66
1 Recommendation   of 211497
 
I have never understood how a bunch of analysts (in my mind just highly paid fortune tellers) can spout out whatever numbers they want, and then when Apple doesn't meet those numbers the media jumps on it like Apple has failed, even when Apple has actually had a decent quarter. It just dumfounds me that they are allowed to get away with this nonsense.

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To: spyder66 who wrote (211036)10/29/2021 1:07:30 PM
From: Art Bechhoefer
   of 211497
 
Maybe the analysts aren't even writing anything but are relying on computer algorithms. Apple had a pretty decent earnings report. So did several other companies. Even when earnings guidance was positive, the share prices of the companies dropped. Apple is no exception. Another company I follow is Gilead Sciences, which reported earnings gains of about 18% yesterday. Also pretty decent guidance. GILD shares are down about 3% today.

Computerized trading, based on algorithms that often are proprietary, are used frequently for exchange traded funds, where all stocks in a particular category may be affected. Among tech stocks, Apple and many of its suppliers have been affected downward on the assumption that supply shortages will continue. Among biotech stocks, especially smaller, development stage firms, similar downward pressure is exerted, especially because many, if not most of these smaller stocks pay no dividend and may earn little or no money at this stage. Gilead, like Apple is an exception. Both companies reported really decent earnings, but both stocks fell after hours and in trading today.

Meanwhile you have stocks like Tesla, valued more than Ford and GM combined. It makes no sense. I'd suggest looking for stocks with low downside risk, and I include Apple in this category because of its large cash reserves, dividends, cash buybacks, popular brand name, and future earnings, even if dampened by supply shortages.

Art

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