shmakovdima personal page - To The Moon

shmakovdima

shmakovdima

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2023-11-03

No Sbp exchange 😂

2023-06-02

So let's start my recommendations: additional buy AT&T at 15.79

2023-02-27

They can send two phones to Putin's daughter

Apple Pays $12.1 Mln Fine for Alleged App Market Abuse in Russia

2022-10-20

👋

Sorry, the original content has been removed

2022-08-02

🙏

Sorry, the original content has been removed

2022-07-26

😀

Meta Cut To $250, Microsoft Cut to $350 and Snap Cut to $8｜Price Target Changes

2022-07-13

👍 Waiting for new products

Apple Could Be Squeezed By Falling Money Supply

2022-07-09

$Coinbase Global, Inc.(COIN)$I was in bar last night😅

Go to Tiger App to see more news

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Sbp exchange 😂","listText":"No Sbp exchange 😂","text":"No Sbp exchange 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237491859128512","isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182817288663056,"gmtCreate":1685642428307,"gmtModify":1685642433321,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"So let's start my recommendations: additional buy AT&amp;T at 15.79","listText":"So let's start my recommendations: additional buy AT&amp;T at 15.79","text":"So let's start my recommendations: additional buy AT&T at 15.79","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182817288663056","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957448307,"gmtCreate":1677511723810,"gmtModify":1677512470288,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"They can send two phones to Putin's daughter","listText":"They can send two phones to Putin's daughter","text":"They can send two phones to Putin's daughter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957448307","repostId":"2314550198","repostType":2,"repost":{"id":"2314550198","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1677511395,"share":"https://ttm.financial/m/news/2314550198?lang=&edition=fundamental","pubTime":"2023-02-27 23:23","market":"us","language":"en","title":"Apple Pays $12.1 Mln Fine for Alleged App Market Abuse in Russia","url":"https://stock-news.laohu8.com/highlight/detail?id=2314550198","media":"Reuters","summary":"(Reuters) - U.S. tech giant Apple has paid a 906 million rouble ($12.12 million) fine in a Russian a","content":"<html><head></head><body><p>(Reuters) - U.S. tech giant Apple has paid a 906 million rouble ($12.12 million) fine in a Russian antitrust case alleging abuse of its dominance in the mobile apps market, Russia&#39;s Federal Antimonopoly Service (FAS) said on Monday.</p><p>Apple, which did not immediately respond to a request for comment, has previously &#34;respectfully disagreed&#34; with a FAS ruling that Apple&#39;s distribution of apps through its iOS operating system gave its own products a competitive advantage.</p><p>The FAS determined in August 2020 that Apple had abused its dominant position, then issued a directive requiring Apple to remove provisions giving it the right to reject third-party apps from its App Store.</p><p>That move followed a complaint from cybersecurity company Kaspersky Lab, which had said a new version of its Safe Kids application had been declined by Apple&#39;s operating system.</p><p>&#34;Apple has paid a 906 million rouble antitrust fine,&#34; the FAS said in a statement on its Telegram channel.</p><p>Apple had appealed the decision at various stages, but had been unsuccessful and ultimately complied with the order, the FAS said.</p><p>In a separate case, the FAS in January said it had fined Apple around $17.4 million for allegedly forcing Russian developers to use Apple&#39;s payment services with the iOS App Store.</p><p>Apple paused all product sales in Russia a year ago.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Pays $12.1 Mln Fine for Alleged App Market Abuse in Russia</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Pays $12.1 Mln Fine for Alleged App Market Abuse in Russia\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-02-27 23:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - U.S. tech giant Apple has paid a 906 million rouble ($12.12 million) fine in a Russian antitrust case alleging abuse of its dominance in the mobile apps market, Russia&#39;s Federal Antimonopoly Service (FAS) said on Monday.</p><p>Apple, which did not immediately respond to a request for comment, has previously &#34;respectfully disagreed&#34; with a FAS ruling that Apple&#39;s distribution of apps through its iOS operating system gave its own products a competitive advantage.</p><p>The FAS determined in August 2020 that Apple had abused its dominant position, then issued a directive requiring Apple to remove provisions giving it the right to reject third-party apps from its App Store.</p><p>That move followed a complaint from cybersecurity company Kaspersky Lab, which had said a new version of its Safe Kids application had been declined by Apple&#39;s operating system.</p><p>&#34;Apple has paid a 906 million rouble antitrust fine,&#34; the FAS said in a statement on its Telegram channel.</p><p>Apple had appealed the decision at various stages, but had been unsuccessful and ultimately complied with the order, the FAS said.</p><p>In a separate case, the FAS in January said it had fined Apple around $17.4 million for allegedly forcing Russian developers to use Apple&#39;s payment services with the iOS App Store.</p><p>Apple paused all product sales in Russia a year ago.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314550198","content_text":"(Reuters) - U.S. tech giant Apple has paid a 906 million rouble ($12.12 million) fine in a Russian antitrust case alleging abuse of its dominance in the mobile apps market, Russia's Federal Antimonopoly Service (FAS) said on Monday.Apple, which did not immediately respond to a request for comment, has previously \"respectfully disagreed\" with a FAS ruling that Apple's distribution of apps through its iOS operating system gave its own products a competitive advantage.The FAS determined in August 2020 that Apple had abused its dominant position, then issued a directive requiring Apple to remove provisions giving it the right to reject third-party apps from its App Store.That move followed a complaint from cybersecurity company Kaspersky Lab, which had said a new version of its Safe Kids application had been declined by Apple's operating system.\"Apple has paid a 906 million rouble antitrust fine,\" the FAS said in a statement on its Telegram channel.Apple had appealed the decision at various stages, but had been unsuccessful and ultimately complied with the order, the FAS said.In a separate case, the FAS in January said it had fined Apple around $17.4 million for allegedly forcing Russian developers to use Apple's payment services with the iOS App Store.Apple paused all product sales in Russia a year 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American Exp","content":"<html><head></head><body><p>Morgan Stanley boosted the price target for <b>American Express Company</b> from $143 to $155. American Express shares rose 0.1% to $153.15 in pre-market trading.</p><p>Oppenheimer cut the price target on <b>Visa Inc.</b> from $262 to $242. Visa shares rose 0.5% to $214.68 in pre-market trading.</p><p>Morgan Stanley cut the price target on <b>Snap Inc.</b> from $17 to $8. Snap shares fell 2.8% to $9.68 in pre-market trading.</p><p>Deutsche Bank reduced <b>Skechers U.S.A., Inc.</b> price target from $64 to $51. Skechers shares fell 0.2% to $38.21 in pre-market trading.</p><p>Mizuho cut price target for <b>Meta Platforms, Inc.</b> from $325 to $250. Meta Platforms shares rose 0.2% to $169.64 in pre-market trading.</p><p>Wells Fargo reduced the price target on <b>Microsoft Corporation</b> from $400 to $350. Microsoft shares rose 0.5% to $261.71 in pre-market trading.</p><p>Citigroup boosted the price target for <b>Twitter, Inc.</b> from $36 to $40. Twitter shares fell 1.3% to $39.33 in pre-market trading.</p><p>Barclays reduced the price target on <b>NVIDIA Corporation</b> from $295 to $200. NVIDIA shares fell 0.6% to $172.20 in pre-market trading.</p><p>Keybanc raised the price target on <b>Intuit Inc.</b> from $450 to $475. Intuit shares rose 1% to $439.00 in pre-market trading.</p><p>SVB Leerink cut the price target on <b>Regeneron Pharmaceuticals, Inc.</b> from $738 to $630. Regeneron Pharmaceuticals shares fell 1.2% to $579.20 in pre-market trading.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Cut To $250, Microsoft Cut to $350 and Snap Cut to $8｜Price Target Changes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Cut To $250, Microsoft Cut to $350 and Snap Cut to $8｜Price Target Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-07-25 21:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Morgan Stanley boosted the price target for <b>American Express Company</b> from $143 to $155. American Express shares rose 0.1% to $153.15 in pre-market trading.</p><p>Oppenheimer cut the price target on <b>Visa Inc.</b> from $262 to $242. Visa shares rose 0.5% to $214.68 in pre-market trading.</p><p>Morgan Stanley cut the price target on <b>Snap Inc.</b> from $17 to $8. Snap shares fell 2.8% to $9.68 in pre-market trading.</p><p>Deutsche Bank reduced <b>Skechers U.S.A., Inc.</b> price target from $64 to $51. Skechers shares fell 0.2% to $38.21 in pre-market trading.</p><p>Mizuho cut price target for <b>Meta Platforms, Inc.</b> from $325 to $250. Meta Platforms shares rose 0.2% to $169.64 in pre-market trading.</p><p>Wells Fargo reduced the price target on <b>Microsoft Corporation</b> from $400 to $350. Microsoft shares rose 0.5% to $261.71 in pre-market trading.</p><p>Citigroup boosted the price target for <b>Twitter, Inc.</b> from $36 to $40. Twitter shares fell 1.3% to $39.33 in pre-market trading.</p><p>Barclays reduced the price target on <b>NVIDIA Corporation</b> from $295 to $200. NVIDIA shares fell 0.6% to $172.20 in pre-market trading.</p><p>Keybanc raised the price target on <b>Intuit Inc.</b> from $450 to $475. Intuit shares rose 1% to $439.00 in pre-market trading.</p><p>SVB Leerink cut the price target on <b>Regeneron Pharmaceuticals, Inc.</b> from $738 to $630. Regeneron Pharmaceuticals shares fell 1.2% to $579.20 in pre-market trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","META":"Meta Platforms, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127864944","content_text":"Morgan Stanley boosted the price target for American Express Company from $143 to $155. American Express shares rose 0.1% to $153.15 in pre-market trading.Oppenheimer cut the price target on Visa Inc. from $262 to $242. Visa shares rose 0.5% to $214.68 in pre-market trading.Morgan Stanley cut the price target on Snap Inc. from $17 to $8. Snap shares fell 2.8% to $9.68 in pre-market trading.Deutsche Bank reduced Skechers U.S.A., Inc. price target from $64 to $51. Skechers shares fell 0.2% to $38.21 in pre-market trading.Mizuho cut price target for Meta Platforms, Inc. from $325 to $250. Meta Platforms shares rose 0.2% to $169.64 in pre-market trading.Wells Fargo reduced the price target on Microsoft Corporation from $400 to $350. Microsoft shares rose 0.5% to $261.71 in pre-market trading.Citigroup boosted the price target for Twitter, Inc. from $36 to $40. Twitter shares fell 1.3% to $39.33 in pre-market trading.Barclays reduced the price target on NVIDIA Corporation from $295 to $200. NVIDIA shares fell 0.6% to $172.20 in pre-market trading.Keybanc raised the price target on Intuit Inc. from $450 to $475. Intuit shares rose 1% to $439.00 in pre-market trading.SVB Leerink cut the price target on Regeneron Pharmaceuticals, Inc. from $738 to $630. Regeneron Pharmaceuticals shares fell 1.2% to $579.20 in pre-market trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078506542,"gmtCreate":1657707079386,"gmtModify":1676536049051,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"👍 Waiting for new products&nbsp;","listText":"👍 Waiting for new products&nbsp;","text":"👍 Waiting for new products","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078506542","repostId":"1183317786","repostType":4,"repost":{"id":"1183317786","kind":"news","pubTimestamp":1657725663,"share":"https://ttm.financial/m/news/1183317786?lang=&edition=fundamental","pubTime":"2022-07-13 23:21","market":"us","language":"en","title":"Apple Could Be Squeezed By Falling Money Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1183317786","media":"Seeking Alpha","summary":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recen","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple seems sensitive to money supply changes.</li><li>The money supply has moved lower recently.</li><li>Recent comments from the Federal Reserve suggest the money supply could continue to fall.</li><li>Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.</li></ul><p><b>An Ominous Sign Emerges From Recent Money Stock Changes</b></p><p>Apple&#39;s (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple&#39;s business is close to a decline as well. It&#39;s hard to recommend outright shorting Apple, given their track record, but <i>investors might consider reducing their positions if they are currently holding AAPL shares</i>.</p><p><b>Apple Seems Sensitive To The Money Supply</b></p><p>Below, in orange, is a line that charts Apple&#39;s net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.</p><p><img src=\"https://static.tigerbbs.com/528936fdee032a8df5df1f1d9346f525\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.</p><p>Comparing Apple&#39;s total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn&#39;t a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.</p><p><img src=\"https://static.tigerbbs.com/2601df6c94bcf33cf9d8cb513831f02b\" tg-width=\"1280\" tg-height=\"438\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.</p><p>Below is a chart of Apple&#39;s revenue over the last five years, followed by the money stock over the same period.</p><p><img src=\"https://static.tigerbbs.com/d85bcf86056d9f31c4696dcff5cb61ce\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/f11921668cd853bfe3dc9a034bd4f0a1\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.</p><p>Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple&#39;s gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.</p><p><img src=\"https://static.tigerbbs.com/bb3e8ea9499f7bf942e815b8629bc4b3\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/9de35bc7a244e8f28e9c7246ee334e17\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/5a0dcb7a36a761a9ae06fd52c7f67f09\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.</p><p>The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple&#39;s net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.</p><p><b>Apple&#39;s Profit Margin Could Retreat From The Recent High Watermark</b><img src=\"https://static.tigerbbs.com/72bedb4549bcfeabac38c78e2582fbe3\" tg-width=\"1280\" tg-height=\"444\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Discussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.</p><p>Apple&#39;s total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.</p><p><img src=\"https://static.tigerbbs.com/0b79a57b9e23952ddfd1caa062c3d8fe\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>According tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.</p><p>Higher services hit a record in Q1 2021. It&#39;s intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple&#39;s business. It doesn&#39;t cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.</p><p>My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple&#39;s gross profit margins are likely to move lower.</p><p><b>Apple Stock Jumped When Interest Rates Started Dropping</b></p><p>An article by Hunkar Ozyasaron Zacks.com notes,<i>“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”</i>From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&amp;P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.</p><p><img src=\"https://static.tigerbbs.com/4b8bb00b5e7614aa6767abf974c06357\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>The Money Supply Is Contracting</b></p><p>Since January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple&#39;s ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple&#39;s books sometime soon.</p><p><b>Peer Stocks Aren&#39;t Waiting For Apple</b></p><p>Comparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.</p><p><img src=\"https://static.tigerbbs.com/086832380f269b21a2fd83d8cc9d4139\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Charted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?</p><p><img src=\"https://static.tigerbbs.com/c94585746919c5467bda08f0283ff58c\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Macro Considerations</b></p><p>Chairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple&#39;s profitability.</p><p><b>Modeling Growth</b></p><p>Consider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually <i>contracted</i> 3.56%, despite three separate iPhone model launches contributing to Apple&#39;s revenue, each offering a variety of device versions with diverse features and across a range of price points.</p><p><img src=\"https://static.tigerbbs.com/d64c5fd4e8e04894d00c02d07c82a81d\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>And if you look further back, at the <i>five</i> years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we&#39;re talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?</p><p><img src=\"https://static.tigerbbs.com/b118c3060735a60824a74f03f86a2568\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>I think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed&#39;s stated resolve to fight it, I just don&#39;t think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple&#39;s large market cap and general declining smartphone demand will act to suppress growth.</p><p><b>Risks</b></p><p>If services growth continues to climb higher, it could support Apple&#39;s profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn&#39;t tax-advantaged, it&#39;s possible that whatever risk you might be able to offload by selling AAPL won&#39;t make up for what is lost when you have to pay capital gains on your sale.</p><p>It&#39;s also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway&#39;s (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.</p><p><b>Conclusion</b></p><p>Companies can&#39;t grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Could Be Squeezed By Falling Money Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Be Squeezed By Falling Money Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183317786","content_text":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.An Ominous Sign Emerges From Recent Money Stock ChangesApple's (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple's business is close to a decline as well. It's hard to recommend outright shorting Apple, given their track record, but investors might consider reducing their positions if they are currently holding AAPL shares.Apple Seems Sensitive To The Money SupplyBelow, in orange, is a line that charts Apple's net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.Comparing Apple's total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn't a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.Below is a chart of Apple's revenue over the last five years, followed by the money stock over the same period.Seeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple's gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.Seeking AlphaSeeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple's net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.Apple's Profit Margin Could Retreat From The Recent High WatermarkSeeking AlphaDiscussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.Apple's total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.Seeking AlphaAccording tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.Higher services hit a record in Q1 2021. It's intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple's business. It doesn't cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple's gross profit margins are likely to move lower.Apple Stock Jumped When Interest Rates Started DroppingAn article by Hunkar Ozyasaron Zacks.com notes,“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.Seeking AlphaThe Money Supply Is ContractingSince January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple's ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple's books sometime soon.Peer Stocks Aren't Waiting For AppleComparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.Seeking AlphaCharted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?Seeking AlphaMacro ConsiderationsChairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple's profitability.Modeling GrowthConsider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually contracted 3.56%, despite three separate iPhone model launches contributing to Apple's revenue, each offering a variety of device versions with diverse features and across a range of price points.Seeking AlphaAnd if you look further back, at the five years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we're talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?Seeking AlphaI think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed's stated resolve to fight it, I just don't think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple's large market cap and general declining smartphone demand will act to suppress growth.RisksIf services growth continues to climb higher, it could support Apple's profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn't tax-advantaged, it's possible that whatever risk you might be able to offload by selling AAPL won't make up for what is lost when you have to pay capital gains on your sale.It's also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway's (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.ConclusionCompanies can't grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.","news_type":1},"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073130351,"gmtCreate":1657296782473,"gmtModify":1676535986943,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>I was in bar last night😅","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>I was in bar last night😅","text":"$Coinbase Global, Inc.(COIN)$I was in bar last night😅","images":[{"img":"https://community-static.tradeup.com/news/c31064615b7dafb82d85f437f5ca171a","width":"828","height":"1792"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073130351","isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000579","authorId":"9000000000000579","name":"GeraldAdela","avatar":"https://static.tigerbbs.com/74991ef479abd9cfe482bcb9079a22bb","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000579","authorIdStr":"9000000000000579"},"content":"Sometimes it's wise to play it safe and not seek the maximum return. So, setting a bar is so great. 👍","text":"Sometimes it's wise to play it safe and not seek the maximum return. So, setting a bar is so great. 👍","html":"Sometimes it's wise to play it safe and not seek the maximum return. So, setting a bar is so great. 👍"}],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9957448307,"gmtCreate":1677511723810,"gmtModify":1677512470288,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"They can send two phones to Putin's daughter","listText":"They can send two phones to Putin's daughter","text":"They can send two phones to Putin's daughter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957448307","repostId":"2314550198","repostType":2,"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983263473,"gmtCreate":1666249579193,"gmtModify":1676537730106,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"👋","listText":"👋","text":"👋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983263473","repostId":"2276434385","repostType":4,"repost":{"id":"2276434385","kind":"highlight","pubTimestamp":1666243739,"share":"https://ttm.financial/m/news/2276434385?lang=&edition=fundamental","pubTime":"2022-10-20 13:28","market":"fut","language":"en","title":"Biden Release of More Oil From Reserve Has Little Impact on Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2276434385","media":"TheStreet","summary":"The White House said on Wednesday that another 15 million barrels of oil from the emergency reserve ","content":"<html><head></head><body><p>The White House said on Wednesday that another 15 million barrels of oil from the emergency reserve will be sold to combat volatility in crude oil and gasoline prices.</p><p>&#34;With my announcement today, we&#39;re going to continue to stabilize markets and decrease the prices at a time when the actions of other countries have caused such volatility,&#34; President Joe Biden said at a White House event.</p><p>The Biden administration said the petroleum reserve has 400 million barrels of oil, which is more than half full and can withstand another drawdown. The reserve is at its lowest level since 1984 and the administration approved a record release of 180 million barrels earlier this year to avoid a supply crisis after sanctions were imposed on Russia.</p><p>The decision to release more oil was made about two weeks after OPEC agreed to a cut in the production of oil globally and took Russia&#39;s side.</p><p>The OPEC+ alliance agreed to lower its daily output by two million barrels on Oct. 5, the largest production cut since 2020.</p><p>The decision to lower production rates for November amounts to a 0.7-0.8 million barrel a day cut to “actual supply given that most member countries are already producing below their individual quota levels,” said Shin Kim, head of oil supply and production analytics, S&amp;P Global Commodity Insights.</p><h2>Political Move?</h2><p>Some experts view Biden&#39;s choice as a political move ahead of midterm elections on Nov. 8. Gas prices serve as a barometer of inflation for many consumers since they encounter them every few days.</p><p>Gasoline prices reversed course recently after a 14-week decline.</p><p>The national average fell by $0.07 compared to a week ago and is selling for $3.87 a gallon, said Patrick De Haan, head of petroleum analysis, GasBuddy, a Boston-based provider of retail fuel pricing information and data.</p><p>There are five states with average gas prices falling by $0.20 a gallon from a week ago - California, Oregon, Wisconsin, Washington and Alaska, he said. Several other states have seen $0.10 weekly declines, including of Michigan, Nevada, Indiana, Ohio, Arizona, Illinois and Wyoming.</p><p>The White House should focus on the need for more refining capacity, especially since many refiners in the U.S. are older and in need of repairs, said De Haan.</p><p>Increasing the production of oil will not curb the issues of volatile oil prices and the focus should be on finding &#34;incentives at boosting refining capacity- certainly more capacity means more breathing room for challenges, and lower prices,&#34; he tweeted. &#34;It would help our prices and our allies.&#34;</p><p>The additional releases of oil from the emergency reserve will not impact the price of oil, De Haan said.</p><p>&#34;Further SPR releases won&#39;t have a significant impact on oil prices,&#34; he tweeted. &#34;However, further SPR sales certainty raise my concern level about energy security. Currently SPR levels aren&#39;t comfortable, but tolerable. If the SPR declined to under 300-350 million barrels, eesh.&#34;</p><p>The release of crude oil will &#34;likely not help in lowering retail gasoline prices, or do so only marginally&#34; and the policy is not sensible, Brian Milne, product manager, editor, and analyst at DTN, told MarketWatch.</p><p>Biden said the rapid rise of crude oil and gasoline prices began with Russia&#39;s invasion of Ukraine in February.</p><p>Since oil prices reached their peak, they have declined by 30% or $1.15 a gallon, Biden noted.</p><p>&#34;Gas prices have come down, and they continue to come down again,&#34; he said. &#34;They’re now down more than 27 cents a gallon in Wisconsin this past week, 27 cents in Oregon, 16 cents in Ohio, 25 cents in Nevada, 17 cents in — in Indiana in just the last 10 days.&#34;</p><p>The President also said U.S. oil companies and refiners along with retailers selling gasoline should invest in production from their record-setting profits instead of allocating the money to repurchase their stock.</p><p>When U.S. crude oil prices or West Texas Intermediate (WTI) reach $70 a barrel, Biden plans to begin to replenish reserve stocks since oil companies can generate a profit and the taxpayers can still afford to pay for gasoline. The U.S. benchmark price was trading at $85 on Wednesday.</p><h2>$100 Oil Could Occur Soon</h2><p>Goldman Sachs estimates that the price for Brent oil will likely reach $110 a barrel during the fourth quarter after the decision made by OPEC+ as inventories will decline.</p><p>&#34;As we have long argued, the oil market’s buffers (stocks and spare capacity) remain critically low, and higher prices remain the key viable, long-term solution to increased inventories in the short-term and higher supply capacity medium-term,&#34; said Damien Courvalin, the head of energy research at Goldman Sachs. &#34;This is consistent with our view that long-term shortages require short-term surpluses -with the market now instead facing large deficits in coming months.&#34;</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> said the lower production will push Brent crude oil prices back to $100 a barrel.</p><p>“Notwithstanding demand concerns, the combined impact of OPEC+’s production cut and the EU embargo in Russia’s production suggests a tighter oil market ahead,” <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analyst Martijn Rats wrote in a report. “With our tighter balances, we suspect that Brent will find its way to $100 a barrel quicker than we estimated before.</p></body></html>","source":"thestreet_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden Release of More Oil From Reserve Has Little Impact on Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden Release of More Oil From Reserve Has Little Impact on Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/biden-release-of-more-oil-from-reserve-has-little-impact-on-prices><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The White House said on Wednesday that another 15 million barrels of oil from the emergency reserve will be sold to combat volatility in crude oil and gasoline prices.\"With my announcement today, we'...</p>\n\n<a href=\"https://www.thestreet.com/investing/biden-release-of-more-oil-from-reserve-has-little-impact-on-prices\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/biden-release-of-more-oil-from-reserve-has-little-impact-on-prices","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2276434385","content_text":"The White House said on Wednesday that another 15 million barrels of oil from the emergency reserve will be sold to combat volatility in crude oil and gasoline prices.\"With my announcement today, we're going to continue to stabilize markets and decrease the prices at a time when the actions of other countries have caused such volatility,\" President Joe Biden said at a White House event.The Biden administration said the petroleum reserve has 400 million barrels of oil, which is more than half full and can withstand another drawdown. The reserve is at its lowest level since 1984 and the administration approved a record release of 180 million barrels earlier this year to avoid a supply crisis after sanctions were imposed on Russia.The decision to release more oil was made about two weeks after OPEC agreed to a cut in the production of oil globally and took Russia's side.The OPEC+ alliance agreed to lower its daily output by two million barrels on Oct. 5, the largest production cut since 2020.The decision to lower production rates for November amounts to a 0.7-0.8 million barrel a day cut to “actual supply given that most member countries are already producing below their individual quota levels,” said Shin Kim, head of oil supply and production analytics, S&P Global Commodity Insights.Political Move?Some experts view Biden's choice as a political move ahead of midterm elections on Nov. 8. Gas prices serve as a barometer of inflation for many consumers since they encounter them every few days.Gasoline prices reversed course recently after a 14-week decline.The national average fell by $0.07 compared to a week ago and is selling for $3.87 a gallon, said Patrick De Haan, head of petroleum analysis, GasBuddy, a Boston-based provider of retail fuel pricing information and data.There are five states with average gas prices falling by $0.20 a gallon from a week ago - California, Oregon, Wisconsin, Washington and Alaska, he said. Several other states have seen $0.10 weekly declines, including of Michigan, Nevada, Indiana, Ohio, Arizona, Illinois and Wyoming.The White House should focus on the need for more refining capacity, especially since many refiners in the U.S. are older and in need of repairs, said De Haan.Increasing the production of oil will not curb the issues of volatile oil prices and the focus should be on finding \"incentives at boosting refining capacity- certainly more capacity means more breathing room for challenges, and lower prices,\" he tweeted. \"It would help our prices and our allies.\"The additional releases of oil from the emergency reserve will not impact the price of oil, De Haan said.\"Further SPR releases won't have a significant impact on oil prices,\" he tweeted. \"However, further SPR sales certainty raise my concern level about energy security. Currently SPR levels aren't comfortable, but tolerable. If the SPR declined to under 300-350 million barrels, eesh.\"The release of crude oil will \"likely not help in lowering retail gasoline prices, or do so only marginally\" and the policy is not sensible, Brian Milne, product manager, editor, and analyst at DTN, told MarketWatch.Biden said the rapid rise of crude oil and gasoline prices began with Russia's invasion of Ukraine in February.Since oil prices reached their peak, they have declined by 30% or $1.15 a gallon, Biden noted.\"Gas prices have come down, and they continue to come down again,\" he said. \"They’re now down more than 27 cents a gallon in Wisconsin this past week, 27 cents in Oregon, 16 cents in Ohio, 25 cents in Nevada, 17 cents in — in Indiana in just the last 10 days.\"The President also said U.S. oil companies and refiners along with retailers selling gasoline should invest in production from their record-setting profits instead of allocating the money to repurchase their stock.When U.S. crude oil prices or West Texas Intermediate (WTI) reach $70 a barrel, Biden plans to begin to replenish reserve stocks since oil companies can generate a profit and the taxpayers can still afford to pay for gasoline. The U.S. benchmark price was trading at $85 on Wednesday.$100 Oil Could Occur SoonGoldman Sachs estimates that the price for Brent oil will likely reach $110 a barrel during the fourth quarter after the decision made by OPEC+ as inventories will decline.\"As we have long argued, the oil market’s buffers (stocks and spare capacity) remain critically low, and higher prices remain the key viable, long-term solution to increased inventories in the short-term and higher supply capacity medium-term,\" said Damien Courvalin, the head of energy research at Goldman Sachs. \"This is consistent with our view that long-term shortages require short-term surpluses -with the market now instead facing large deficits in coming months.\"Morgan Stanley said the lower production will push Brent crude oil prices back to $100 a barrel.“Notwithstanding demand concerns, the combined impact of OPEC+’s production cut and the EU embargo in Russia’s production suggests a tighter oil market ahead,” Morgan Stanley analyst Martijn Rats wrote in a report. “With our tighter balances, we suspect that Brent will find its way to $100 a barrel quicker than we estimated before.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908789178,"gmtCreate":1659438409096,"gmtModify":1705980357150,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"🙏","listText":"🙏","text":"🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908789178","repostId":"1146114475","repostType":4,"repost":{"id":"1146114475","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659437156,"share":"https://ttm.financial/m/news/1146114475?lang=&edition=fundamental","pubTime":"2022-08-02 18:45","market":"us","language":"en","title":"Caterpillar Adjusted Profit Rises on Higher Equipment Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1146114475","media":"Reuters","summary":"(Reuters) - Industrial bellwether Caterpillar Inc  reported a bigger second-quarter adjusted profit ","content":"<html><head></head><body><p>(Reuters) - Industrial bellwether <a href=\"https://laohu8.com/S/CAT\">Caterpillar Inc </a> reported a bigger second-quarter adjusted profit on Tuesday, as higher equipment prices helped soften the blow from elevated freight and raw material costs.</p><p>Even though supply-chain issues have resulted in higher costs for the blue-chip company, a barometer for global industrial activity, it has benefited from a strong equipment demand along with price hikes and cost controls.</p><p>&#34;Our second-quarter results reflect healthy demand across most of our end markets,&#34; Chief Executive Jim Umpleby said.</p><p>Caterpillar&#39;s revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago.</p><p>Adjusted profit rose to $3.18 per share from $2.60 per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Caterpillar Adjusted Profit Rises on Higher Equipment Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCaterpillar Adjusted Profit Rises on Higher Equipment Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-02 18:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Industrial bellwether <a href=\"https://laohu8.com/S/CAT\">Caterpillar Inc </a> reported a bigger second-quarter adjusted profit on Tuesday, as higher equipment prices helped soften the blow from elevated freight and raw material costs.</p><p>Even though supply-chain issues have resulted in higher costs for the blue-chip company, a barometer for global industrial activity, it has benefited from a strong equipment demand along with price hikes and cost controls.</p><p>&#34;Our second-quarter results reflect healthy demand across most of our end markets,&#34; Chief Executive Jim Umpleby said.</p><p>Caterpillar&#39;s revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago.</p><p>Adjusted profit rose to $3.18 per share from $2.60 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAT":"卡特彼勒"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146114475","content_text":"(Reuters) - Industrial bellwether Caterpillar Inc  reported a bigger second-quarter adjusted profit on Tuesday, as higher equipment prices helped soften the blow from elevated freight and raw material costs.Even though supply-chain issues have resulted in higher costs for the blue-chip company, a barometer for global industrial activity, it has benefited from a strong equipment demand along with price hikes and cost controls.\"Our second-quarter results reflect healthy demand across most of our end markets,\" Chief Executive Jim Umpleby said.Caterpillar's revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago.Adjusted profit rose to $3.18 per share from $2.60 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900726004,"gmtCreate":1658786137508,"gmtModify":1676536204788,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9900726004","repostId":"1127864944","repostType":4,"repost":{"id":"1127864944","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1658757244,"share":"https://ttm.financial/m/news/1127864944?lang=&edition=fundamental","pubTime":"2022-07-25 21:54","market":"us","language":"en","title":"Meta Cut To $250, Microsoft Cut to $350 and Snap Cut to $8｜Price Target Changes","url":"https://stock-news.laohu8.com/highlight/detail?id=1127864944","media":"Benzinga","summary":"Morgan Stanley boosted the price target for American Express Company from $143 to $155. American Exp","content":"<html><head></head><body><p>Morgan Stanley boosted the price target for <b>American Express Company</b> from $143 to $155. American Express shares rose 0.1% to $153.15 in pre-market trading.</p><p>Oppenheimer cut the price target on <b>Visa Inc.</b> from $262 to $242. Visa shares rose 0.5% to $214.68 in pre-market trading.</p><p>Morgan Stanley cut the price target on <b>Snap Inc.</b> from $17 to $8. Snap shares fell 2.8% to $9.68 in pre-market trading.</p><p>Deutsche Bank reduced <b>Skechers U.S.A., Inc.</b> price target from $64 to $51. Skechers shares fell 0.2% to $38.21 in pre-market trading.</p><p>Mizuho cut price target for <b>Meta Platforms, Inc.</b> from $325 to $250. Meta Platforms shares rose 0.2% to $169.64 in pre-market trading.</p><p>Wells Fargo reduced the price target on <b>Microsoft Corporation</b> from $400 to $350. Microsoft shares rose 0.5% to $261.71 in pre-market trading.</p><p>Citigroup boosted the price target for <b>Twitter, Inc.</b> from $36 to $40. Twitter shares fell 1.3% to $39.33 in pre-market trading.</p><p>Barclays reduced the price target on <b>NVIDIA Corporation</b> from $295 to $200. NVIDIA shares fell 0.6% to $172.20 in pre-market trading.</p><p>Keybanc raised the price target on <b>Intuit Inc.</b> from $450 to $475. Intuit shares rose 1% to $439.00 in pre-market trading.</p><p>SVB Leerink cut the price target on <b>Regeneron Pharmaceuticals, Inc.</b> from $738 to $630. Regeneron Pharmaceuticals shares fell 1.2% to $579.20 in pre-market trading.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Cut To $250, Microsoft Cut to $350 and Snap Cut to $8｜Price Target Changes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Cut To $250, Microsoft Cut to $350 and Snap Cut to $8｜Price Target Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-07-25 21:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Morgan Stanley boosted the price target for <b>American Express Company</b> from $143 to $155. American Express shares rose 0.1% to $153.15 in pre-market trading.</p><p>Oppenheimer cut the price target on <b>Visa Inc.</b> from $262 to $242. Visa shares rose 0.5% to $214.68 in pre-market trading.</p><p>Morgan Stanley cut the price target on <b>Snap Inc.</b> from $17 to $8. Snap shares fell 2.8% to $9.68 in pre-market trading.</p><p>Deutsche Bank reduced <b>Skechers U.S.A., Inc.</b> price target from $64 to $51. Skechers shares fell 0.2% to $38.21 in pre-market trading.</p><p>Mizuho cut price target for <b>Meta Platforms, Inc.</b> from $325 to $250. Meta Platforms shares rose 0.2% to $169.64 in pre-market trading.</p><p>Wells Fargo reduced the price target on <b>Microsoft Corporation</b> from $400 to $350. Microsoft shares rose 0.5% to $261.71 in pre-market trading.</p><p>Citigroup boosted the price target for <b>Twitter, Inc.</b> from $36 to $40. Twitter shares fell 1.3% to $39.33 in pre-market trading.</p><p>Barclays reduced the price target on <b>NVIDIA Corporation</b> from $295 to $200. NVIDIA shares fell 0.6% to $172.20 in pre-market trading.</p><p>Keybanc raised the price target on <b>Intuit Inc.</b> from $450 to $475. Intuit shares rose 1% to $439.00 in pre-market trading.</p><p>SVB Leerink cut the price target on <b>Regeneron Pharmaceuticals, Inc.</b> from $738 to $630. Regeneron Pharmaceuticals shares fell 1.2% to $579.20 in pre-market trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","META":"Meta Platforms, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127864944","content_text":"Morgan Stanley boosted the price target for American Express Company from $143 to $155. American Express shares rose 0.1% to $153.15 in pre-market trading.Oppenheimer cut the price target on Visa Inc. from $262 to $242. Visa shares rose 0.5% to $214.68 in pre-market trading.Morgan Stanley cut the price target on Snap Inc. from $17 to $8. Snap shares fell 2.8% to $9.68 in pre-market trading.Deutsche Bank reduced Skechers U.S.A., Inc. price target from $64 to $51. Skechers shares fell 0.2% to $38.21 in pre-market trading.Mizuho cut price target for Meta Platforms, Inc. from $325 to $250. Meta Platforms shares rose 0.2% to $169.64 in pre-market trading.Wells Fargo reduced the price target on Microsoft Corporation from $400 to $350. Microsoft shares rose 0.5% to $261.71 in pre-market trading.Citigroup boosted the price target for Twitter, Inc. from $36 to $40. Twitter shares fell 1.3% to $39.33 in pre-market trading.Barclays reduced the price target on NVIDIA Corporation from $295 to $200. NVIDIA shares fell 0.6% to $172.20 in pre-market trading.Keybanc raised the price target on Intuit Inc. from $450 to $475. Intuit shares rose 1% to $439.00 in pre-market trading.SVB Leerink cut the price target on Regeneron Pharmaceuticals, Inc. from $738 to $630. Regeneron Pharmaceuticals shares fell 1.2% to $579.20 in pre-market trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237491859128512,"gmtCreate":1699017102474,"gmtModify":1699019670791,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"No Sbp exchange 😂","listText":"No Sbp exchange 😂","text":"No Sbp exchange 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237491859128512","isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182817288663056,"gmtCreate":1685642428307,"gmtModify":1685642433321,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"So let's start my recommendations: additional buy AT&amp;T at 15.79","listText":"So let's start my recommendations: additional buy AT&amp;T at 15.79","text":"So let's start my recommendations: additional buy AT&T at 15.79","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182817288663056","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073130351,"gmtCreate":1657296782473,"gmtModify":1676535986943,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>I was in bar last night😅","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>I was in bar last night😅","text":"$Coinbase Global, Inc.(COIN)$I was in bar last night😅","images":[{"img":"https://community-static.tradeup.com/news/c31064615b7dafb82d85f437f5ca171a","width":"828","height":"1792"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073130351","isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000579","authorId":"9000000000000579","name":"GeraldAdela","avatar":"https://static.tigerbbs.com/74991ef479abd9cfe482bcb9079a22bb","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000579","authorIdStr":"9000000000000579"},"content":"Sometimes it's wise to play it safe and not seek the maximum return. So, setting a bar is so great. 👍","text":"Sometimes it's wise to play it safe and not seek the maximum return. So, setting a bar is so great. 👍","html":"Sometimes it's wise to play it safe and not seek the maximum return. So, setting a bar is so great. 👍"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9078506542,"gmtCreate":1657707079386,"gmtModify":1676536049051,"author":{"id":"4097760423235120","authorId":"4097760423235120","name":"shmakovdima","avatar":"https://static.tigerbbs.com/7d484768f669881892ec9c34a27a3ed4","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4097760423235120","authorIdStr":"4097760423235120"},"themes":[],"htmlText":"👍 Waiting for new products&nbsp;","listText":"👍 Waiting for new products&nbsp;","text":"👍 Waiting for new products","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078506542","repostId":"1183317786","repostType":4,"repost":{"id":"1183317786","kind":"news","pubTimestamp":1657725663,"share":"https://ttm.financial/m/news/1183317786?lang=&edition=fundamental","pubTime":"2022-07-13 23:21","market":"us","language":"en","title":"Apple Could Be Squeezed By Falling Money Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1183317786","media":"Seeking Alpha","summary":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recen","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple seems sensitive to money supply changes.</li><li>The money supply has moved lower recently.</li><li>Recent comments from the Federal Reserve suggest the money supply could continue to fall.</li><li>Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.</li></ul><p><b>An Ominous Sign Emerges From Recent Money Stock Changes</b></p><p>Apple&#39;s (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple&#39;s business is close to a decline as well. It&#39;s hard to recommend outright shorting Apple, given their track record, but <i>investors might consider reducing their positions if they are currently holding AAPL shares</i>.</p><p><b>Apple Seems Sensitive To The Money Supply</b></p><p>Below, in orange, is a line that charts Apple&#39;s net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.</p><p><img src=\"https://static.tigerbbs.com/528936fdee032a8df5df1f1d9346f525\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.</p><p>Comparing Apple&#39;s total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn&#39;t a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.</p><p><img src=\"https://static.tigerbbs.com/2601df6c94bcf33cf9d8cb513831f02b\" tg-width=\"1280\" tg-height=\"438\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.</p><p>Below is a chart of Apple&#39;s revenue over the last five years, followed by the money stock over the same period.</p><p><img src=\"https://static.tigerbbs.com/d85bcf86056d9f31c4696dcff5cb61ce\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/f11921668cd853bfe3dc9a034bd4f0a1\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.</p><p>Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple&#39;s gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.</p><p><img src=\"https://static.tigerbbs.com/bb3e8ea9499f7bf942e815b8629bc4b3\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/9de35bc7a244e8f28e9c7246ee334e17\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/5a0dcb7a36a761a9ae06fd52c7f67f09\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.</p><p>The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple&#39;s net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.</p><p><b>Apple&#39;s Profit Margin Could Retreat From The Recent High Watermark</b><img src=\"https://static.tigerbbs.com/72bedb4549bcfeabac38c78e2582fbe3\" tg-width=\"1280\" tg-height=\"444\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Discussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.</p><p>Apple&#39;s total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.</p><p><img src=\"https://static.tigerbbs.com/0b79a57b9e23952ddfd1caa062c3d8fe\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>According tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.</p><p>Higher services hit a record in Q1 2021. It&#39;s intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple&#39;s business. It doesn&#39;t cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.</p><p>My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple&#39;s gross profit margins are likely to move lower.</p><p><b>Apple Stock Jumped When Interest Rates Started Dropping</b></p><p>An article by Hunkar Ozyasaron Zacks.com notes,<i>“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”</i>From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&amp;P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.</p><p><img src=\"https://static.tigerbbs.com/4b8bb00b5e7614aa6767abf974c06357\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>The Money Supply Is Contracting</b></p><p>Since January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple&#39;s ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple&#39;s books sometime soon.</p><p><b>Peer Stocks Aren&#39;t Waiting For Apple</b></p><p>Comparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.</p><p><img src=\"https://static.tigerbbs.com/086832380f269b21a2fd83d8cc9d4139\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Charted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?</p><p><img src=\"https://static.tigerbbs.com/c94585746919c5467bda08f0283ff58c\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Macro Considerations</b></p><p>Chairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple&#39;s profitability.</p><p><b>Modeling Growth</b></p><p>Consider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually <i>contracted</i> 3.56%, despite three separate iPhone model launches contributing to Apple&#39;s revenue, each offering a variety of device versions with diverse features and across a range of price points.</p><p><img src=\"https://static.tigerbbs.com/d64c5fd4e8e04894d00c02d07c82a81d\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>And if you look further back, at the <i>five</i> years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we&#39;re talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?</p><p><img src=\"https://static.tigerbbs.com/b118c3060735a60824a74f03f86a2568\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>I think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed&#39;s stated resolve to fight it, I just don&#39;t think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple&#39;s large market cap and general declining smartphone demand will act to suppress growth.</p><p><b>Risks</b></p><p>If services growth continues to climb higher, it could support Apple&#39;s profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn&#39;t tax-advantaged, it&#39;s possible that whatever risk you might be able to offload by selling AAPL won&#39;t make up for what is lost when you have to pay capital gains on your sale.</p><p>It&#39;s also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway&#39;s (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.</p><p><b>Conclusion</b></p><p>Companies can&#39;t grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Could Be Squeezed By Falling Money Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Be Squeezed By Falling Money Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183317786","content_text":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.An Ominous Sign Emerges From Recent Money Stock ChangesApple's (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple's business is close to a decline as well. It's hard to recommend outright shorting Apple, given their track record, but investors might consider reducing their positions if they are currently holding AAPL shares.Apple Seems Sensitive To The Money SupplyBelow, in orange, is a line that charts Apple's net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.Comparing Apple's total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn't a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.Below is a chart of Apple's revenue over the last five years, followed by the money stock over the same period.Seeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple's gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.Seeking AlphaSeeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple's net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.Apple's Profit Margin Could Retreat From The Recent High WatermarkSeeking AlphaDiscussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.Apple's total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.Seeking AlphaAccording tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.Higher services hit a record in Q1 2021. It's intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple's business. It doesn't cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple's gross profit margins are likely to move lower.Apple Stock Jumped When Interest Rates Started DroppingAn article by Hunkar Ozyasaron Zacks.com notes,“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.Seeking AlphaThe Money Supply Is ContractingSince January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple's ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple's books sometime soon.Peer Stocks Aren't Waiting For AppleComparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.Seeking AlphaCharted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?Seeking AlphaMacro ConsiderationsChairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple's profitability.Modeling GrowthConsider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually contracted 3.56%, despite three separate iPhone model launches contributing to Apple's revenue, each offering a variety of device versions with diverse features and across a range of price points.Seeking AlphaAnd if you look further back, at the five years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we're talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?Seeking AlphaI think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed's stated resolve to fight it, I just don't think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple's large market cap and general declining smartphone demand will act to suppress growth.RisksIf services growth continues to climb higher, it could support Apple's profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn't tax-advantaged, it's possible that whatever risk you might be able to offload by selling AAPL won't make up for what is lost when you have to pay capital gains on your sale.It's also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway's (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.ConclusionCompanies can't grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.","news_type":1},"isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}