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AAPL sagging the last 30 days?

Posted on 2/22/21 at 9:46 am
Posted by NorthEnd
Member since Oct 2007
2148 posts
Posted on 2/22/21 at 9:46 am
I've been reading mostly/all good numbers coming from apple, yet the stock has been on bit of a slide (145ish > 125 or so). What am I missing on this one, seems like it should be steady or climbing now.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/22/21 at 9:46 am to
Yeah I got in a new position like 2 weeks ago and am like WTF
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41627 posts
Posted on 2/22/21 at 9:48 am to
AAPL is a great long term buy.
Posted by frogtown
Member since Aug 2017
5034 posts
Posted on 2/22/21 at 9:56 am to
AAPL has projected earnings growth of 15-20%. It has a PE ratio of 37. It is overpriced IMO.
This post was edited on 2/22/21 at 10:00 am
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40859 posts
Posted on 2/22/21 at 9:56 am to
quote:

2 weeks ago




2 weeks, a month, just noise. Are you investing or trading?
Posted by Me Bite
A.K.A. - Bite Me
Member since Oct 2007
7148 posts
Posted on 2/22/21 at 9:59 am to
IKR, plus they reported today that Apple surpassed Samsung as top smartphone vendor for the first time since 2016. But it has fallen -$4.09/share as of this post.

LINK
This post was edited on 2/22/21 at 10:26 am
Posted by NorthEnd
Member since Oct 2007
2148 posts
Posted on 2/22/21 at 10:01 am to
I've had it for years, but just annoyed at the current trajectory given the news that would seemingly encourage the opposite.
Posted by slackster
Houston
Member since Mar 2009
84904 posts
Posted on 2/22/21 at 10:04 am to
AAPL, amzn, Tesla, etc are priced at such a level that they need absolutely flawless execution on their potential or things will stagnate.

Tesla has made more money on their BTC investment than they ever have As a company, yet the stock is down from the announcement date.
Posted by el Gaucho
He/They
Member since Dec 2010
53018 posts
Posted on 2/22/21 at 10:06 am to
They’re sagging in honor of black history month
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 2/22/21 at 10:13 am to
That’s the guach we all know and love
Posted by castorinho
13623 posts
Member since Nov 2010
82032 posts
Posted on 2/22/21 at 10:29 am to
quote:

AAPL, amzn, Tesla, etc are priced at such a level that they need absolutely flawless execution on their potential or things will stagnate.
aapl is priced just fine. Wouldn't lump them with Amzn and most definitely not TSLA
Posted by ODP
Conroe
Member since Oct 2015
1938 posts
Posted on 2/22/21 at 10:47 am to
quote:

aapl is priced just fine. Wouldn't lump them with Amzn and most definitely not TSLA


Plus holding on AAPL at least yields a modest divided.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16989 posts
Posted on 2/22/21 at 11:21 am to
quote:

AAPL has projected earnings growth of 15-20%. It has a PE ratio of 37. It is overpriced IMO.

AAPL will only go up. It's now an American institution.
Posted by Auburn1968
NYC
Member since Mar 2019
19528 posts
Posted on 2/22/21 at 11:26 am to
quote:

AAPL will only go up. It's now an American institution.


To some people, it is a religion.
Posted by Chad504boy
4 posts
Member since Feb 2005
166319 posts
Posted on 2/22/21 at 11:36 am to
aapl has always lagged and sagged at seemingly odd times then soars at a moments notice when nobody is looking.
Posted by UncleLester
West of the Mississippi
Member since Aug 2008
6609 posts
Posted on 2/22/21 at 11:44 am to
I was at the Apple Store leading up to Christmas and leading up to Valentine’s Day and they were sold out of a lot of their big ticket items (iPads, all Laptops, majority of Phones). My friend 2,000 miles away had a similar experience at his local retail Apple store.

I am wondering if that is because more demand than traditionally those times of year or if they are having supply issues.

I am going to wait until immediately after their next earnings announcement to Buy. I think sales will be down.
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24937 posts
Posted on 2/22/21 at 11:50 am to
You will be fine in the long run. Apple will eventually dominate all aspects of life.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40859 posts
Posted on 2/22/21 at 12:01 pm to
quote:

Apple will eventually dominate all aspects of life.


Eh, outside of the iPhone nothing really comes close to dominating anything. The iPhone is the behemoth.

iPhone still accounts for 61% of their revenue. Obviously other parts of the business can't really keep up, but most of the gains are through higher iPhone prices over the years.

Just looking at their most recent quarter iPhone + Services(Apps, AppleCare, Music) make up 75% of the revenue.

Granted I dont see iPhone sales slowing anytime soon. I am just saying they havent really dominated any other markets.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31143 posts
Posted on 2/22/21 at 1:13 pm to
These antitrust lawsuits/resolutions that have been moving through states like ND and AZ are likely causing some apprehension. If any of these moves forward it could snowball.

ETA: Looks like the ND one didn't go anywhere.
This post was edited on 2/22/21 at 1:14 pm
Posted by slackster
Houston
Member since Mar 2009
84904 posts
Posted on 2/22/21 at 1:35 pm to
quote:

aapl is priced just fine. Wouldn't lump them with Amzn and most definitely not TSLA


5yr avg P/CF of AAPL - 14.59
Current FPE - 25.34

5yr avg P/CF of AMZN - 30.53
Currently - 25.09

Forward PE is much the same story. On a relative basis you could argue Amazon is at a discount to its recent historical norms. Apple is basically as expensive now as it’s ever been.


Tesla is an extreme example of the pricing in these big growth companies. Like I said, you need flawless execution to even remotely justify some of these valuations.
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