For a company that's always said to be on the verge of collapse, it honestly looks like it's doing quite well despite all the warnings. I'm always hearing how a low P/E doesn't mean anything and I suppose that's true. Amazon's P/E is 10X Apple's P/E and yet the stock is considered as safe as can be. When big investors believe in a company all risks seem to disappear. Apple investors seem to be scared of everything Apple does and I don't think that's good at all. Apple would seem to be less riskier than Tesla but yet it's Tesla making all the share gains as investors shower Musk with ever more cash.
I'm not expecting much in the way of share gains when Apple reports today. Apple is no FANG stock, for sure. I can only hope the stock price doesn't tank more than a couple of percent. It may be embarrassing for such a wealthy company to be overshadowed by the FANG stocks but that's just how the stock market works. I can at least depend on some decent dividends so maybe I shouldn't be so greedy. I've owned Apple since 2004 and have seen a decent amount of gains. It's just one financial quarter and I'm more concerned about yearly gains. I wish all fellow Apple shareholders good luck and to not lose faith in the company. I feel positive about Apple being able to repatriate its overseas cash at a 15% rate this year and that's a good thing to look forward to.
So the new deal is FAANG which includes Apple. I'm not a fan of it but whatever. This thing is up over 50% since June's low last year. Tim Cook/Apple are doing something right. The chart has at least 10% more upside in it. After that if you're not a true long keep an eye out for an exit. Otherwise hold and enjoy the ride.
I agree. Short term $160-$165 is probably the ceiling.
Then sometime next year we will have some BS reports and manipulation to tank the stock to $120. Then it would be time to LOAD UP.
Earlier this year I sold some $150 calls, so my ceiling on my shares is about $156. Which is fine. I just don't want to hold on to shares when they drop to $120.
I've been through TWO massive 35-40% drops in stock price ( 2013 and 2016) and I don't want any part of that again. So I'll be waiting for a drop early next year
I agree on your ceilings. I like that $160-$165 range too. Anything more than that I feel is greed/risk at that point. You have to draw a line in the sand and hold to it. Each time Apple has started a bull run cycle it has nearly doubled. Nearly. When it finishes the cycle it drops and drops fast (as you said, the media goes in full attack mode because big boys pulling the strings have sold and are in straight money/other fast money investments). Apple started this bull run off of a double bottom of around $92 back in June. History doesn't repeat itself but with Apple it sure comes close.
For those questioning the accuracy of various sources: The most recent reported number (that I know of) that we have for outstanding shares (i.e. from Apple) is 5,246,540,000 as of January 20th, 2017.
Apple typically files its quarterly reports with the SEC the day after it announces earnings. Those reports typically give an updated outstanding shares number as of two or three weeks after the past quarter ended.
I thought that NASDAQ kept track of the number of outstanding shares without having to wait for a company SEC filling. Anyway, Google definitely has the wrong number.
Nasdaq is using the exact share count that Apple last reported. I just checked to make sure.
I don't think Nasdaq would have a way to know exactly how many shares are outstanding at a given moment, other than based on Apple's own reporting. It wouldn't know how many shares Apple had bought itself and retired. Apple buys shares both on the open market and through share repurchase agreements.
The market cap numbers vary from provider to provider. Google has it around $789B, MSN @$769B, Yahoo@$774.00. . . Not that it matters anyway.
For a company that's always said to be on the verge of collapse, it honestly looks like it's doing quite well despite all the warnings. I'm always hearing how a low P/E doesn't mean anything and I suppose that's true. Amazon's P/E is 10X Apple's P/E and yet the stock is considered as safe as can be. When big investors believe in a company all risks seem to disappear. Apple investors seem to be scared of everything Apple does and I don't think that's good at all. Apple would seem to be less riskier than Tesla but yet it's Tesla making all the share gains as investors shower Musk with ever more cash.
I'm not expecting much in the way of share gains when Apple reports today. Apple is no FANG stock, for sure. I can only hope the stock price doesn't tank more than a couple of percent. It may be embarrassing for such a wealthy company to be overshadowed by the FANG stocks but that's just how the stock market works. I can at least depend on some decent dividends so maybe I shouldn't be so greedy. I've owned Apple since 2004 and have seen a decent amount of gains. It's just one financial quarter and I'm more concerned about yearly gains. I wish all fellow Apple shareholders good luck and to not lose faith in the company. I feel positive about Apple being able to repatriate its overseas cash at a 15% rate this year and that's a good thing to look forward to.
hmmmmm....seems like you are always bitching about AAPL low stock price compared to GOOG, AMZN, and MSFT.
At this point why fight it? Why not just diversify and buy some GOOG, AMZN, FB, MSFT stock?
The market is the market. And AAPL will never get GOOG type valuations until services are over 50% of its gross profit.
Facts are Facts. Google has consistently grown revenue 20% year after year. Same with Amazon. Facebook is growing at 30-40%. And all these companies are virtual monopolies or at least oligopolies. Apple on the other hand had revenue DECLINE last year. 3 years ago revenue was up only 5%. So top line growth for Apple is not comparable with FANG. Thus a lower valuation. If Apple continues to grow services I can see the PE go to 20-22. Which would give it a stock price of $160-$170.
AAPL is the long game. They keep generating cash and keep buying back shares. Hold for 10 years and my guess is it will easily out perform the market.
Google/Facebook/Netflix/Amazon will eventually face revenue slow down. When that happens the stocks will tank and the PE will be much lower. So long term I recommend AAPL overweight. But also have some Google and FB stock.
Hmmm... Apple... + Rackspace...
apple should buy Shopify for $15 billion.
That would get them in the door for eCommerce big time. Also activate Apple pay on all 400,000 Shopify websites.
If Apple is FORWARD thinking they must know that eCommerce is the future of Retail. Not Brick and Mortar. They are spending so much time on Brick/Mortar. Instead they should buy Shopify and then Apple Pay would be on 30%+ of all eCommerce websites.
Why should Apple buy Shopify when they could just make a deal with them? I can't see them buying that company because it would mean catering to hundreds of thousands of high-maintenance site owners. Nah. Looks like a bad fit.
For a company that's always said to be on the verge of collapse, it honestly looks like it's doing quite well despite all the warnings. I'm always hearing how a low P/E doesn't mean anything and I suppose that's true. Amazon's P/E is 10X Apple's P/E and yet the stock is considered as safe as can be. When big investors believe in a company all risks seem to disappear. Apple investors seem to be scared of everything Apple does and I don't think that's good at all. Apple would seem to be less riskier than Tesla but yet it's Tesla making all the share gains as investors shower Musk with ever more cash.
I'm not expecting much in the way of share gains when Apple reports today. Apple is no FANG stock, for sure. I can only hope the stock price doesn't tank more than a couple of percent. It may be embarrassing for such a wealthy company to be overshadowed by the FANG stocks but that's just how the stock market works. I can at least depend on some decent dividends so maybe I shouldn't be so greedy. I've owned Apple since 2004 and have seen a decent amount of gains. It's just one financial quarter and I'm more concerned about yearly gains. I wish all fellow Apple shareholders good luck and to not lose faith in the company. I feel positive about Apple being able to repatriate its overseas cash at a 15% rate this year and that's a good thing to look forward to.
hmmmmm....seems like you are always bitching about AAPL low stock price compared to GOOG, AMZN, and MSFT.
At this point why fight it? Why not just diversify and buy some GOOG, AMZN, FB, MSFT stock?
The market is the market. And AAPL will never get GOOG type valuations until services are over 50% of its gross profit.
Facts are Facts. Google has consistently grown revenue 20% year after year. Same with Amazon. Facebook is growing at 30-40%. And all these companies are virtual monopolies or at least oligopolies. Apple on the other hand had revenue DECLINE last year. 3 years ago revenue was up only 5%. So top line growth for Apple is not comparable with FANG. Thus a lower valuation. If Apple continues to grow services I can see the PE go to 20-22. Which would give it a stock price of $160-$170.
AAPL is the long game. They keep generating cash and keep buying back shares. Hold for 10 years and my guess is it will easily out perform the market.
Google/Facebook/Netflix/Amazon will eventually face revenue slow down. When that happens the stocks will tank and the PE will be much lower. So long term I recommend AAPL overweight. But also have some Google and FB stock.
Hmmm... Apple... + Rackspace...
apple should buy Shopify for $15 billion.
That would get them in the door for eCommerce big time. Also activate Apple pay on all 400,000 Shopify websites.
If Apple is FORWARD thinking they must know that eCommerce is the future of Retail. Not Brick and Mortar. They are spending so much time on Brick/Mortar. Instead they should buy Shopify and then Apple Pay would be on 30%+ of all eCommerce websites.
Why should Apple buy Shopify when they could just make a deal with them? I can't see them buying that company because it would mean catering to hundreds of thousands of high-maintenance site owners. Nah. Looks like a bad fit.
Apple can be mostly hands off if they aquire Shopify. The current management and founder is excellent.
IMO, this is important because Apple's main competitor is now Amazon. Not Google. Google is too busy trying to fight off Facebook right now. To counter Amazon, Apple needs to build up eCommerce.
LOL... I don't see it. Apple is in the consumer electronics and digital services space. This would represent a major shift in focus for them. Not a good fit, IMO. I know your interests would be served if they were bought out, but certainly not Apple's.
For those questioning the accuracy of various sources: The most recent reported number (that I know of) that we have for outstanding shares (i.e. from Apple) is 5,246,540,000 as of January 20th, 2017.
Apple typically files its quarterly reports with the SEC the day after it announces earnings. Those reports typically give an updated outstanding shares number as of two or three weeks after the past quarter ended.
I thought that NASDAQ kept track of the number of outstanding shares without having to wait for a company SEC filling. Anyway, Google definitely has the wrong number.
Nasdaq is using the exact share count that Apple last reported. I just checked to make sure.
I don't think Nasdaq would have a way to know exactly how many shares are outstanding at a given moment, other than based on Apple's own reporting. It wouldn't know how many shares Apple had bought itself and retired. Apple buys shares both on the open market and through share repurchase agreements.
The market cap numbers vary from provider to provider. Google has it around $789B, MSN @$769B, Yahoo@$774.00. . . Not that it matters anyway.
Indeed, it does not matter much. It's best not to look for too precise a number. The definition of "# shares" is tricky. Moreover, it changes constantly.
The ONLY way to make a fair comparison for the purposes of an article like this is to use the same source for both the benchmark and the actual. If that's done, it's not terribly relevant whether 789 or 769 or 774.
LOL. Just like what I thought. Does not matter though. Everyone is waiting for iPhone8
Yep profit taking, question is will it be driven down or will be see a repeat of January. Hard to tell, but no one has really been basing apple lately and Samsung fall on it face with a failed product again so they can not say apple is behind Samsung. But there is good news in other areas of the company. The interesting part is that Mac after 15 yrs is still seeing the halo effect of the portable devices. The PC has been in decline for the last 10 yrs and Mac have been growing.
Essentially, a non-news quarter. Most things came in roughly around expectations. Services up 18%, "Other" (which includes Beats, AppleWatch) up 31%, and dividend raised were the main news items.
I wish the dividends were raised more than 10%, though. That would have sent a hugely positive signal.
Essentially, a non-news quarter. Most things came in roughly around expectations. Services up 18%, "Other" (which includes Beats, AppleWatch) up 31%, and dividend raised were the main news items.
I wish the dividends were raised more than 10%, though. That would have sent a hugely positive signal.
I know I'm in the minority, but I still say Apple should end the dividend. The growth of the stock is enough for investors.
Comments
Not that it matters anyway.
The ONLY way to make a fair comparison for the purposes of an article like this is to use the same source for both the benchmark and the actual. If that's done, it's not terribly relevant whether 789 or 769 or 774.
https://sixcolors.com/post/2017/05/apple-q2-2017-financial-results/
Yep profit taking, question is will it be driven down or will be see a repeat of January. Hard to tell, but no one has really been basing apple lately and Samsung fall on it face with a failed product again so they can not say apple is behind Samsung. But there is good news in other areas of the company. The interesting part is that Mac after 15 yrs is still seeing the halo effect of the portable devices. The PC has been in decline for the last 10 yrs and Mac have been growing.
I wish the dividends were raised more than 10%, though. That would have sent a hugely positive signal.