Apple Stock Bear Sounds The Alarm: Expect 13% Decline

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Apple Stock Bear Sounds The Alarm: Expect 13% Decline

TheStreet2021-04-23

Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece. It is rare to read or hear from...

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Comment（42）

Milvis
·2021-04-25
Watch it
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Kelvin17
·2021-04-25
Shag
Reply
3
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Didilai
·2021-04-25
Sounds interesting
Reply
2
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YeanPin
·2021-04-25
No matter how apple drop,fundamental of apple remain good and still a trillion company..
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2
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- Ryuhahaha:
  Agreed
  2021-04-25
  Reply
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CL777
·2021-04-25
Waiting for $125!
Reply
4
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- xxbrian:
  Yeah boi
  2021-04-25
  Reply
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Ljoney
·2021-04-25
All time American pride , hope it is strong
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andrew123
·2021-04-25
So will it gi up or down?
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yl2021
·2021-04-25
I expect 30% Decline soon
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2
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junkow
·2021-04-25
Agreed
Reply
1
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- junkow:
  too bad
  2021-04-25
  Reply
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zenthekid
·2021-04-24
Hmm even if they are doing well, they should be dropping. Some fake news
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1
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2021koon
·2021-04-24
Apple growth will be enhanced from its foray into ev.
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2
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deeplearning
·2021-04-24
Nah, I don't believe it. Apple will continue to grow
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3
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SSVC
·2021-04-24
Hmm Appreciate your response and comments thanks
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3
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- MicroStrategist:
  yeah
  2021-04-24
  Reply
  Report
Chonky
·2021-04-24
I don’t under this at all. What is he saying
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Mich77
·2021-04-24
Oh no
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- Mich77:
  liked
  2021-04-30
  Reply
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- Mich77:
  liked
  2021-04-30
  Reply
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- Mich77:
  good
  2021-04-28
  Reply
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WengSoon
·2021-04-24
Don’t think so
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iImba
·2021-04-24
No way
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MayTan
·2021-04-24
Noted.
Reply
1
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- ngchris:
  Noted.
  2021-04-24
  Reply
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LEEQX
·2021-04-24
[Serious]
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- LEEQX:
  Comment pls :)
  2021-04-24
  Reply
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CL777
·2021-04-24
$125 is a good price to accumulate
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3
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- Sheryl85:
  [Happy]
  2021-04-25
  Reply
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- CL777:
  Yeah
  2021-04-25
  Reply
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- MicroStrategist:
  yeah
  2021-04-24
  Reply
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One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","article_id":"1162382068","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","pubTimestamp":1619186302,"sourceInfo":null,"weMediaInfo":null,"summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"苹果股市空头拉响警报：预计下跌13%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":375189749,"gmtCreate":1619315466481,"gmtModify":1704722313787,"author":{"id":"3579226810003990","authorId":"3579226810003990","name":"Milvis","avatar":"https://static.tigerbbs.com/0c5f9525267133e1e33381f679084a88","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579226810003990","authorIdStr":"3579226810003990"},"htmlText":"Watch it","listText":"Watch it","text":"Watch it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375189749","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375197537,"gmtCreate":1619314214229,"gmtModify":1704722283015,"author":{"id":"3581651271010576","authorId":"3581651271010576","name":"Kelvin17","avatar":"https://static.tigerbbs.com/5ad690dc5b75f93cb92a855c9ee59cee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581651271010576","authorIdStr":"3581651271010576"},"htmlText":"Shag","listText":"Shag","text":"Shag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375197537","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375376438,"gmtCreate":1619312651424,"gmtModify":1704722251091,"author":{"id":"3579091077947115","authorId":"3579091077947115","name":"Didilai","avatar":"https://static.tigerbbs.com/7c36c3a0e5eed09ce50765877a8f373c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579091077947115","authorIdStr":"3579091077947115"},"htmlText":"Sounds interesting&nbsp;","listText":"Sounds interesting&nbsp;","text":"Sounds interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375376438","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375378894,"gmtCreate":1619312554018,"gmtModify":1704722248829,"author":{"id":"3564697477514317","authorId":"3564697477514317","name":"YeanPin","avatar":"https://static.tigerbbs.com/13a42b01aa495210419cb03d7d9b98ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3564697477514317","authorIdStr":"3564697477514317"},"htmlText":"No matter how apple drop,fundamental&nbsp;of apple remain good and&nbsp;still a trillion company..&nbsp;","listText":"No matter how apple drop,fundamental&nbsp;of apple remain good and&nbsp;still a trillion company..&nbsp;","text":"No matter how apple drop,fundamental of apple remain good and still a trillion company..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375378894","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4125886,"gmtCreate":1619316091844,"gmtModify":1680785471711,"authorId":3574628824785575,"author":{"id":3574628824785575,"idStr":"3574628824785575","authorId":3574628824785575,"name":"Ryuhahaha","avatar":"https://static.tigerbbs.com/f120e9ade7d1ea48fc6c818e3b76edbb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375378894,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"}],"langContent":"EN"},{"id":375349382,"gmtCreate":1619311863246,"gmtModify":1704722232169,"author":{"id":"3560241002253187","authorId":"3560241002253187","name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3560241002253187","authorIdStr":"3560241002253187"},"htmlText":"Waiting for $125!&nbsp;","listText":"Waiting for $125!&nbsp;","text":"Waiting for $125!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375349382","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4125907,"gmtCreate":1619316252195,"gmtModify":1680785471619,"authorId":3574644652686832,"author":{"id":3574644652686832,"idStr":"3574644652686832","authorId":3574644652686832,"name":"xxbrian","avatar":"https://static.tigerbbs.com/5d4b2fb466b0c8f60cad4aba9035028d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375349382,"type":1,"supId":0,"prevId":0,"content":"Yeah boi","text":"Yeah boi","html":"Yeah boi"}],"langContent":"EN"},{"id":375324099,"gmtCreate":1619310984011,"gmtModify":1704722214711,"author":{"id":"3581591015314710","authorId":"3581591015314710","name":"Ljoney","avatar":"https://static.tigerbbs.com/8376cac12c1b661feac4d507eb1379e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581591015314710","authorIdStr":"3581591015314710"},"htmlText":"All time American pride , hope it is strong&nbsp;","listText":"All time American pride , hope it is strong&nbsp;","text":"All time American pride , hope it is strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375324099","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375392658,"gmtCreate":1619305305474,"gmtModify":1704722146569,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"So will it gi up or down?&nbsp;","listText":"So will it gi up or down?&nbsp;","text":"So will it gi up or down?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375392658","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375398031,"gmtCreate":1619304978523,"gmtModify":1704722142520,"author":{"id":"3576231438371359","authorId":"3576231438371359","name":"yl2021","avatar":"https://static.tigerbbs.com/9130003d93212acf586123bc8fe8a1e0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576231438371359","authorIdStr":"3576231438371359"},"htmlText":"I expect 30% Decline soon","listText":"I expect 30% Decline soon","text":"I expect 30% Decline soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375398031","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375946086,"gmtCreate":1619290900545,"gmtModify":1704722104304,"author":{"id":"3581649737390446","authorId":"3581649737390446","name":"junkow","avatar":"https://static.tigerbbs.com/67ce9c0f4d7bb599e41fc75b34bf8f24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581649737390446","authorIdStr":"3581649737390446"},"htmlText":"Agreed","listText":"Agreed","text":"Agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375946086","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4123669,"gmtCreate":1619291401360,"gmtModify":1680785438813,"authorId":3581649737390446,"author":{"id":3581649737390446,"idStr":"3581649737390446","authorId":3581649737390446,"name":"junkow","avatar":"https://static.tigerbbs.com/67ce9c0f4d7bb599e41fc75b34bf8f24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375946086,"type":1,"supId":0,"prevId":0,"content":"too bad","text":"too bad","html":"too bad"}],"langContent":"EN"},{"id":375984579,"gmtCreate":1619277476391,"gmtModify":1704722058814,"author":{"id":"3579873267869781","authorId":"3579873267869781","name":"zenthekid","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579873267869781","authorIdStr":"3579873267869781"},"htmlText":"Hmm even if they are doing well, they&nbsp;should be dropping. Some fake news","listText":"Hmm even if they are doing well, they&nbsp;should be dropping. Some fake news","text":"Hmm even if they are doing well, they should be dropping. Some fake news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375984579","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375027098,"gmtCreate":1619263051914,"gmtModify":1704721950554,"author":{"id":"3575363327829260","authorId":"3575363327829260","name":"2021koon","avatar":"https://static.tigerbbs.com/ad08d3b98fb2d860daf2e2b2916dc11e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575363327829260","authorIdStr":"3575363327829260"},"htmlText":"Apple growth will be enhanced from its foray into ev.&nbsp;","listText":"Apple growth will be enhanced from its foray into ev.&nbsp;","text":"Apple growth will be enhanced from its foray into ev.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375027098","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375065376,"gmtCreate":1619260983295,"gmtModify":1704721934550,"author":{"id":"3574295750075516","authorId":"3574295750075516","name":"deeplearning","avatar":"https://static.tigerbbs.com/d2aba15d86bd565c323909be00778983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574295750075516","authorIdStr":"3574295750075516"},"htmlText":"Nah, I don't believe it. Apple will continue to grow","listText":"Nah, I don't believe it. Apple will continue to grow","text":"Nah, I don't believe it. Apple will continue to grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375065376","repostId":1162382068,"repostType":2,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372771952,"gmtCreate":1619249900876,"gmtModify":1704721846377,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Hmm Appreciate your response and comments thanks&nbsp;","listText":"Hmm Appreciate your response and comments thanks&nbsp;","text":"Hmm Appreciate your response and comments thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372771952","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4122015,"gmtCreate":1619259277139,"gmtModify":1680785414570,"authorId":3561713422683896,"author":{"id":3561713422683896,"idStr":"3561713422683896","authorId":3561713422683896,"name":"MicroStrategist","avatar":"https://community-static.tradeup.com/news/a1f9b1071e75ec59572f7ba9bbb0a4ed","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.92%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.23","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":372771952,"type":1,"supId":0,"prevId":0,"content":"<u>yeah</u>","text":"<u>yeah</u>","html":"<u>yeah</u>"}],"langContent":"EN"},{"id":372751545,"gmtCreate":1619246911587,"gmtModify":1704721817790,"author":{"id":"3581920930646755","authorId":"3581920930646755","name":"Chonky","avatar":"https://static.tigerbbs.com/2b26c78fb11a9e646bce483ea1b0d6f3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581920930646755","authorIdStr":"3581920930646755"},"htmlText":"I don’t under this at all. What is he saying&nbsp;","listText":"I don’t under this at all. What is he saying&nbsp;","text":"I don’t under this at all. What is he saying","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372751545","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372786426,"gmtCreate":1619243308565,"gmtModify":1704721778873,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/372786426","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4179976,"gmtCreate":1619760419366,"gmtModify":1680786320354,"authorId":3581849551321020,"author":{"id":3581849551321020,"idStr":"3581849551321020","authorId":3581849551321020,"name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372786426,"type":1,"supId":4125909,"prevId":0,"content":"liked","text":"liked","html":"liked"},{"id":4179432,"gmtCreate":1619755898328,"gmtModify":1680786313934,"authorId":3581849551321020,"author":{"id":3581849551321020,"idStr":"3581849551321020","authorId":3581849551321020,"name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372786426,"type":1,"supId":4125909,"prevId":0,"content":"liked","text":"liked","html":"liked"},{"id":4162182,"gmtCreate":1619621073084,"gmtModify":1680786042311,"authorId":3581849551321020,"author":{"id":3581849551321020,"idStr":"3581849551321020","authorId":3581849551321020,"name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372786426,"type":1,"supId":4125909,"prevId":0,"content":"good","text":"good","html":"good"},{"id":4125909,"gmtCreate":1619316266755,"gmtModify":1680785469788,"authorId":3574644652686832,"author":{"id":3574644652686832,"idStr":"3574644652686832","authorId":3574644652686832,"name":"xxbrian","avatar":"https://static.tigerbbs.com/5d4b2fb466b0c8f60cad4aba9035028d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372786426,"type":1,"supId":0,"prevId":0,"content":"Oh no no ","text":"Oh no no ","html":"Oh no no "}],"langContent":"EN"},{"id":372734650,"gmtCreate":1619241207270,"gmtModify":1704721755722,"author":{"id":"3581665429674563","authorId":"3581665429674563","name":"WengSoon","avatar":"https://static.tigerbbs.com/5176952c26adb6040911e910ba5c467e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581665429674563","authorIdStr":"3581665429674563"},"htmlText":"Don’t think so&nbsp;","listText":"Don’t think so&nbsp;","text":"Don’t think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372734650","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372467043,"gmtCreate":1619235184382,"gmtModify":1704721661239,"author":{"id":"3573771226233818","authorId":"3573771226233818","name":"iImba","avatar":"https://static.tigerbbs.com/2253c7a4701d3d505950766c3e8c4837","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3573771226233818","authorIdStr":"3573771226233818"},"htmlText":"No way","listText":"No way","text":"No way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372467043","repostId":1162382068,"repostType":2,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":372416907,"gmtCreate":1619233247709,"gmtModify":1704721629299,"author":{"id":"3573019619191060","authorId":"3573019619191060","name":"MayTan","avatar":"https://static.tigerbbs.com/808e2dbe5d70103ebf181c1496a31644","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3573019619191060","authorIdStr":"3573019619191060"},"htmlText":"Noted.","listText":"Noted.","text":"Noted.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372416907","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4119597,"gmtCreate":1619234650653,"gmtModify":1680785378434,"authorId":3572005609122539,"author":{"id":3572005609122539,"idStr":"3572005609122539","authorId":3572005609122539,"name":"ngchris","avatar":"https://static.tigerbbs.com/76fa13deb76ef9b61305ed927b5c3290","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372416907,"type":1,"supId":0,"prevId":0,"content":"Noted.","text":"Noted.","html":"Noted."}],"langContent":"EN"},{"id":372410725,"gmtCreate":1619232879367,"gmtModify":1704721622784,"author":{"id":"3574909859269652","authorId":"3574909859269652","name":"LEEQX","avatar":"https://static.tigerbbs.com/cc9d14e1a5f5e174fdc00fc72ed4ba3a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574909859269652","authorIdStr":"3574909859269652"},"htmlText":"[Serious]&nbsp;","listText":"[Serious]&nbsp;","text":"[Serious]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372410725","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4119329,"gmtCreate":1619232923334,"gmtModify":1680785369178,"authorId":3574909859269652,"author":{"id":3574909859269652,"idStr":"3574909859269652","authorId":3574909859269652,"name":"LEEQX","avatar":"https://static.tigerbbs.com/cc9d14e1a5f5e174fdc00fc72ed4ba3a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372410725,"type":1,"supId":0,"prevId":0,"content":"Comment pls :)","text":"Comment pls :)","html":"Comment pls :)"}],"langContent":"EN"},{"id":372525907,"gmtCreate":1619228641509,"gmtModify":1704721539321,"author":{"id":"3560241002253187","authorId":"3560241002253187","name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3560241002253187","authorIdStr":"3560241002253187"},"htmlText":"$125 is a good price to accumulate&nbsp;","listText":"$125 is a good price to accumulate&nbsp;","text":"$125 is a good price to accumulate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/372525907","repostId":1162382068,"repostType":4,"repost":{"id":"1162382068","pubTimestamp":1619186302,"share":"https://ttm.financial/m/news/1162382068?lang=&edition=fundamental","pubTime":"2021-04-23 21:58","market":"us","language":"en","title":"Apple Stock Bear Sounds The Alarm: Expect 13% Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1162382068","media":"TheStreet","summary":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently ","content":"<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.</p>\n<p>It is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand&nbsp;the devil’s advocate case to investing in a company with such strong business fundamentals.</p>\n<p>Following Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8e4c7c9ed80330b554bb91087bf6ee0\" tg-width=\"1240\" tg-height=\"827\"><span>Figure 1: Apple's Spring Loaded event logo.</span></p>\n<p><b>Some bullishness first</b></p>\n<p>In its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:</p>\n<ul>\n <li><b>The M1-equipped iMac</b>&nbsp;was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip&nbsp;and redesigned architecture, Apple will continue to accelerate product innovation.</li>\n <li><b>The iPad Pro</b>&nbsp;was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.</li>\n <li><b>The purple iPhone 12</b>&nbsp;was Apple’s first stand-alone, off-cycle smartphone. With&nbsp;the 12 mini allegedly struggling&nbsp;to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.</li>\n</ul>\n<p>The analyst summarized his main observations about Spring Loaded with this quote:</p>\n<blockquote>\n “M1 expansion, not new products, is our key positive takeaway.”\n</blockquote>\n<p><b>Why Apple stock could correct</b></p>\n<p>Now, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:</p>\n<ul>\n <li>“<i>Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date</i>”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.</li>\n <li>“<i>Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter</i>”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.</li>\n <li>“<i>The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps</i>”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.</li>\n <li>“<i>We [remain] apprehensive of the expectations embedded in Apples high multiple</i>”. To be fair, the stock’s valuations seem a bit stretched. I&nbsp;discussed the subject in more detail&nbsp;recently, concluding that:</li>\n</ul>\n<blockquote>\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”\n</blockquote>","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 Stock Bear Sounds The Alarm: Expect 13% Decline</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 Stock Bear Sounds The Alarm: Expect 13% Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline\">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://www.thestreet.com/apple/stock/apple-stock-bear-sounds-the-alarm-expect-13-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162382068","content_text":"Even Apple bulls should understand the bear case on the stock. One Wall Street analyst has recently explained why Apple share price could decline by 13% to $115 apiece.\nIt is rare to read or hear from an Apple stock bear on Wall Street. When ithappens, I like to pay close attention.I think it is important to understand the devil’s advocate case to investing in a company with such strong business fundamentals.\nFollowing Apple’s Spring Loaded event, Wolfe Research analyst Jeff Kvaal published a note discussing his main takeaways. I was mostly interested not in his “hot takes” on the event, but in why the sell-side expert thinks that Apple shares are worth only $115 – representing 13% downside risk.\nFigure 1: Apple's Spring Loaded event logo.\nSome bullishness first\nIn its note, Wolfe Research presented what seemed to be positive reactions to Apple’s product refresh event of April 20. Here are some key observations from the analyst:\n\nThe M1-equipped iMac was a good surprise, since the last refresh had happened as recently as August 2020. I believe that,with the introduction of its new M1 chip and redesigned architecture, Apple will continue to accelerate product innovation.\nThe iPad Pro was also redesigned around the M1 silicon, rather than the traditional A-series chip. Once again, I see Apple looking for an edge in product innovation as a way to keep demand for its devices elevated in the post-pandemic period.\nThe purple iPhone 12 was Apple’s first stand-alone, off-cycle smartphone. With the 12 mini allegedly struggling to find traction, maybe the Cupertino company saw an opportunity to increase entry-level iPhone sales by simply introducing a prettier-looking case.\n\nThe analyst summarized his main observations about Spring Loaded with this quote:\n\n “M1 expansion, not new products, is our key positive takeaway.”\n\nWhy Apple stock could correct\nNow, on to the bear case. Wolfe’s argument for a 13% share price decline has nothing to do with Apple’s most recent product refresh cycle. Rather, the analyst justified bearishness as follows:\n\n“Throughout the pandemic, Apple has blown away its consensus estimates; [yet, the stock] has underperformed the market by [about] 10% year to date”. Wolfe is alluding to the fact that nothing else, from the perspective of financial performance, seems able to push Apple stock higher. In fact, shares have been down since January 2021 and flat since early-August 2020.\n“Residual strength in the iPhone Pro and Pro Max due to channel inventory fill should ease heading into fiscal third quarter”. In plain English, Wolfe seems to think that some of Apple’s recent sales growth may have been driven by inventory buildup at stores. As the stock of new higher-end iPhones decline, revenue growth should moderate.\n“The Mac, iPad, and Services segments face stiff compares as Apple circles onto its first full quarter of pandemic comps”. I think that a tough 2020 benchmark could, in fact, be a potential headwind, especially in the back half of fiscal 2021. How can Apple top iPad sales growth of 43% in last year’s holiday and pre-holiday quarters? The good news is that the Cupertino company has been aggressive at rolling out appealing new tablets and personal computers in the past few months.\n“We [remain] apprehensive of the expectations embedded in Apples high multiple”. To be fair, the stock’s valuations seem a bit stretched. I discussed the subject in more detail recently, concluding that:\n\n\n “Apple’s rich multiples could find upside resistance from here. Should Apple stock price rise, which it very well may, it will likely be the result of growth in financial metrics (sales, earnings, cash flow) rather than valuation expansion.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4124964,"gmtCreate":1619311489762,"gmtModify":1680785458077,"authorId":3563253186452228,"author":{"id":3563253186452228,"idStr":"3563253186452228","authorId":3563253186452228,"name":"Sheryl85","avatar":"https://static.tigerbbs.com/b7a9183a9332355f694e2f0af874b0ed","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372525907,"type":1,"supId":0,"prevId":0,"content":"[Happy]","text":"[Happy]","html":"[Happy]"},{"id":4125001,"gmtCreate":1619311620964,"gmtModify":1680785457154,"authorId":3560241002253187,"author":{"id":3560241002253187,"idStr":"3560241002253187","authorId":3560241002253187,"name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.20","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372525907,"type":1,"supId":4124964,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"},{"id":4118786,"gmtCreate":1619230089501,"gmtModify":1680785355791,"authorId":3561713422683896,"author":{"id":3561713422683896,"idStr":"3561713422683896","authorId":3561713422683896,"name":"MicroStrategist","avatar":"https://community-static.tradeup.com/news/a1f9b1071e75ec59572f7ba9bbb0a4ed","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.92%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.23","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":372525907,"type":1,"supId":0,"prevId":0,"content":"yeah","text":"yeah","html":"yeah"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":90,"commentSize":42,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}