Kuminga

Mike Wuerthele said:

Kuminga said:

Mike Wuerthele said:

Kuminga said:

Mike Wuerthele said:

Kuminga said:

Mike Wuerthele said:

Kuminga said:

Anyways

we will see. You might be right , no exemption but we have people in our building who feel otherwise 

"Feel" isn't what you'd call "fact." 

If you do in fact do this for a living, and I have no reason to believe that you don't, then you know that Apple stock is mercurial, based on very little at all. Please, WWDCs of the past impacting the stock price MORE than today? What a joke.

We've seen bigger price excursions based on less tangible news than $100 billion investment in the US.

Apple stock has not participated in the post liberation day rally, in fact it has retreated while other names have soared .

It’s been a hated name in a bull market last 3 months .

so for a stock with this back drop to be moving this much , it has to be something material. And yes we do go by feel and sources quite a bit , otherwise , if we always wait until things are annoyed on CNBC, it will be too late. That is when we sell the news .

Your post above actually made my point for me.

as we write this , we are getting more confirmation that Apple will indeed be exempt from Indian tariffs 

That's not what I'm implying. I don't imply. You're welcome to believe what you want, of course. If you think Apple stock needs "something material" to move by 5%, I don't know what to tell you. I've been at this gig for 13 years in public, and 10 years in private before that, and I can tell you, "material" has very little to do with it.

"Largely unaffected" does not mean it will be paying the 3% tariffs from India it paid on April 1, assuming that the "White House staffer" isn't just lying about it, like both parties routinely do.

We'll see what gets announced.

Nobody is paying 3 percent despite people saying Trump is Taco and because average Tariffs is now 18 across the board.

large unaffected is from the original 25 percent, they are exempt completely from the new 25 percent given to India today for buying Russian oil.

The latter part is why the stock is moving the way it is.

 

Right, so what the White House said about "largely exempt" is lies, and in line with what Cook predicted for a tariff hit in this quarter.

Lies? Negative.

Apple won’t be paying any tariff as of right now. Other industries will be. Our view is the most tariffs will be absorbed by more foreign companies as they will need to access American market .

Your view is absolutely, utterly, demonstrably wrong. 

The proof is in what Apple, WalMart, and more have said publicly. If you need more proof, Tim Cook himself has said that Apple has already paid $800 million last quarter in extra tariffs that it wouldn't have had to pay had this not started, and will pay $1.1 billion in this one. Apple is ALREADY paying more in tariffs. I have no idea where you get "won't be paying any tariff."

I get that you like the president. This is not a good deal for Americans or American businesses, and no amount of you sugar-coating it makes it so.

It is an extra tax that the administration insists the exporting country pays. They have not to date, and probably won't.

Mike Wuerthele said:

Kuminga said:

Mike Wuerthele said:

Kuminga said:

Mike Wuerthele said:

Kuminga said:

Anyways

we will see. You might be right , no exemption but we have people in our building who feel otherwise 

"Feel" isn't what you'd call "fact." 

If you do in fact do this for a living, and I have no reason to believe that you don't, then you know that Apple stock is mercurial, based on very little at all. Please, WWDCs of the past impacting the stock price MORE than today? What a joke.

We've seen bigger price excursions based on less tangible news than $100 billion investment in the US.

Apple stock has not participated in the post liberation day rally, in fact it has retreated while other names have soared .

It’s been a hated name in a bull market last 3 months .

so for a stock with this back drop to be moving this much , it has to be something material. And yes we do go by feel and sources quite a bit , otherwise , if we always wait until things are annoyed on CNBC, it will be too late. That is when we sell the news .

Your post above actually made my point for me.

as we write this , we are getting more confirmation that Apple will indeed be exempt from Indian tariffs 

That's not what I'm implying. I don't imply. You're welcome to believe what you want, of course. If you think Apple stock needs "something material" to move by 5%, I don't know what to tell you. I've been at this gig for 13 years in public, and 10 years in private before that, and I can tell you, "material" has very little to do with it.

"Largely unaffected" does not mean it will be paying the 3% tariffs from India it paid on April 1, assuming that the "White House staffer" isn't just lying about it, like both parties routinely do.

We'll see what gets announced.

Nobody is paying 3 percent despite people saying Trump is Taco and because average Tariffs is now 18 across the board.

large unaffected is from the original 25 percent, they are exempt completely from the new 25 percent given to India today for buying Russian oil.

The latter part is why the stock is moving the way it is.

 

Right, so what the White House said about "largely exempt" is lies, and in line with what Cook predicted for a tariff hit in this quarter.

loquitur said:

I'm a bit worried that DJT will try to undermine Cook in the way he did with Zelensky and Jerome Powell
in joint appearances. E.g. he could say that he still wants iPhone assembly done  in the U.S. and that
shifting between China and India is not "good enough". Hopefully Cook can finesse the fact that
supply chains can't turn on a dime. But Trump is probably still irked that Cook outlasted Trump 1.0,
so wants to keep up the pressure during 2.0.

lordjohnwhorfin said:

This is so gross and disheartening. Feels like only arterial plaque can save us now.

Mike Wuerthele said:

Kuminga said:

Mike Wuerthele said:

Kuminga said:

Anyways

we will see. You might be right , no exemption but we have people in our building who feel otherwise 

"Feel" isn't what you'd call "fact." 

If you do in fact do this for a living, and I have no reason to believe that you don't, then you know that Apple stock is mercurial, based on very little at all. Please, WWDCs of the past impacting the stock price MORE than today? What a joke.

We've seen bigger price excursions based on less tangible news than $100 billion investment in the US.

Apple stock has not participated in the post liberation day rally, in fact it has retreated while other names have soared .

It’s been a hated name in a bull market last 3 months .

so for a stock with this back drop to be moving this much , it has to be something material. And yes we do go by feel and sources quite a bit , otherwise , if we always wait until things are annoyed on CNBC, it will be too late. That is when we sell the news .

Your post above actually made my point for me.

as we write this , we are getting more confirmation that Apple will indeed be exempt from Indian tariffs 

That's not what I'm implying. I don't imply. You're welcome to believe what you want, of course. If you think Apple stock needs "something material" to move by 5%, I don't know what to tell you. I've been at this gig for 13 years in public, and 10 years in private before that, and I can tell you, "material" has very little to do with it.

"Largely unaffected" does not mean it will be paying the 3% tariffs from India it paid on April 1, assuming that the "White House staffer" isn't just lying about it, like both parties routinely do.

We'll see what gets announced.