To: NAG1 who wrote (211024) | 10/29/2021 9:52:16 AM | From: NAG1 | | | 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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To: Moonray who wrote (211027) | 10/29/2021 11:56:32 AM | From: Art Bechhoefer | | | 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 (211020) | 10/29/2021 12:52:38 PM | From: spyder66 | | | 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 (211029) | 10/29/2021 1:07:30 PM | From: Art Bechhoefer | | | 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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To: Art Bechhoefer who wrote (211030) | 10/29/2021 5:18:39 PM | From: Stock Puppy | | | Meanwhile you have stocks like Tesla, valued more than Ford and GM combined. It makes no sense.
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I say this as someone who never had $ in Tesla stock except perhaps unknowingly via a mutual fund:
Tesla has tremendous potential and they are well ahead of other car companies in terms of electric cars, besides the other things that they are sticking their nose into. They were clever (or lucky) enough to avoid the current chip shortage that is plaguing other car companies and at least for now, politically, there is a strong push for electric cars.
One might argue this: just like it wasn't too wise to underestimate Steve Jobs, the same probably goes for Elon Musk. I am impressed by both his craziness and his accomplishments.
But it is a risk (I thought the same for Amazon - which I did own some stock and sold it for a relatively paultry profit long ago...) Heh.
Personally for cars, if I were to go electric, I would prefer a hybrid - the infrastructure will take a much longer time to put in place that these politicians seem to think, IMVHO. Much more needs to be in place even if there were many charging stations.
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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Much agreed.
If I had a lot of $$ in Tesla, I might have trouble sleeping.
With Apple, there is a lot less downside potential and I sleep like a puppy (see below)!
But still waiting for the Apple "beleaguerment" to diminish - come on, let's have some insane PE's! :-) :-) :-) (maybe will happen when we have flying cars or nuclear fusion... eh.)
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To: Stock Puppy who wrote (211033) | 10/29/2021 10:21:27 PM | From: greg s | | | I guess at 70, I might be considered an older dog.
I spent my life in semiconductors, watching the triumvirate at Intel, Gates, Jobs, etc., etc.
But Musk may be the smartest fellow I have witnessed.
Time will tell but I'd never bet against him. |
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