๐Ÿ˜Š

๐Ÿค”๐Ÿ’ญWhat Is A ๐Ÿ‘ Buy Price For APPL๐ŸŽโ“

@LMSunshine๏ผš
As per my post on 1/5, $Apple(AAPL)$ met my ๐Ÿ‚-ish expectations for earnings despite all the bad๐Ÿ—ž๐Ÿ—ž๐Ÿ—ž about ๐ŸŽ possibly reporting an earning miss. ๐ŸŽ on 4/5 reported earnings that beat Wall Street's targets for its fiscal 2nd quarter on strong sales in iPhones & services. โญ๏ธ Earnings of $1.52 a share on sales of $94.8 billion for the quarter ended April 1. Analysts polled by FactSet had predicted Apple earnings of $1.43 a share on sales of $92.9 billion๐Ÿ‚๐Ÿ‚๐Ÿ‚ โญ๏ธ On a year-over-year basis, Apple earnings were unchanged while sales fell 3%. It was the 2nd consecutive quarter of sales declines for ๐ŸŽ โญ๏ธ APPLโ€™s revenue for the quarter ending April 1 was $94.8 billion, a decrease of 3% from the same period a year earlier. ๐Ÿ‘ APPLโ€™s services revenue increased 5% year over year to $20.9 billion. ๐Ÿ‘Ž But hardware revenue declined 5% to $73.9 billion. ๐Ÿ‘ iPhone revenue increased 2% to $51.3 billion. Smartphones accounted for 54% of the company's total sales in the period ๐Ÿ‘Ž Mac computer sales tumbled 31% to $7.2 billion. ๐Ÿ‘Ž iPad sales declined 13% to $6.7 billion. ๐Ÿ‘Œ Wearables, home & accessories unit fell a fraction to $8.8 billion. โญ๏ธ ๐ŸŽ ended the quarter with cash & saleable investments $57 billion greater than its debts. ๐Ÿฅณ๐Ÿฅณ๐Ÿฅณ APPL said it would increase its dividend by 4%, to 24 cents per share per quarter. Apple also authorized the repurchase of $90 billion of stock. ๐Ÿ‚๐Ÿ‚๐Ÿ‚ Analysts expect Appleโ€™s operations to produce about $100 billion of free cash flow after capital expenditure over the next 4 quarters, according to Refinitiv๐Ÿฅณ Thatโ€™s nearly enough to cover its newly-raised dividend for a year, & $90 billion buyback program, without touching the balance sheet. Moreover, the company consistently sells iPhones & services faster than it pays suppliers, which adds to its cash cushion๐Ÿ‘ ๐Ÿ’ก So after APPL's recent earnings report, should we ๐Ÿฏ๐Ÿฏ๐Ÿฏ buy ๐ŸŽโ“ ๐Ÿค”๐Ÿ’ญWhat Is A ๐Ÿ‘ Buy Price For APPL๐ŸŽโ“ To consider this, letโ€™s look at 1 of the top shareholders of ๐ŸŽ, our beloved Warren Buffettโฃ๏ธ โญ๏ธ He acquired 895 Million ๐ŸŽ shares worth $150 Billion. It makes up 45.82% of their stock portfolio & is their biggest holding. โญ๏ธ His 1st ๐ŸŽ trade was made in Q1 2016. Since then Buffett bought shares 12 more times & sold shares on 5 occasions. The stake costed the investor $33.5 Billion, netting the investor a gain of 347% so far๐Ÿ˜ฑ๐Ÿ˜ฑ๐Ÿ˜ฑ ๐Ÿค”๐Ÿ’ญ In 2022, Buffett added ๐ŸŽ shares when ๐ŸŽ had an average closing price between $142.91-$168.16. As such, I would use this range as a guide to Buffetโ€™s fair value of ๐ŸŽ As Iโ€™m an investor who loves a bargain, Iโ€™ll wait for the ๐Ÿ‡บ๐Ÿ‡ธ recession to hit, ๐ŸŽ to drop price, then add at $143๐Ÿ˜‰ Fellow ๐Ÿฏ๐Ÿฏ๐Ÿฏ What do you think is a fair price for ๐ŸŽ before you would enterโ“Vote๐Ÿ—ณ & Comment belowโฌ‡๏ธ Looking in the short-term, I'm still ๐Ÿ‚-ish for AAPL๐ŸŽ but I'm ๐Ÿป-ish for $Amazon.com(AMZN)$ $Palantir Technologies Inc.(PLTR)$ $Advanced Micro Devices(AMD)$ $Coinbase Global, Inc.(COIN)$ as I foresee that their next earnings will be likely disappointing. Follow me if you enjoy reading analytical stock research๐Ÿ” presented in a fun & easily understandable way๐Ÿ˜‰ & for the Latest Stock & ๐Ÿ—ž๐Ÿ—ž๐Ÿ—ž Updates๐Ÿ•ต๐Ÿปโ€โ™€๏ธโฃ๏ธ Please help to click on the โ€œLikeโ€ & โ€œShare/Repostโ€ buttons at the Bottom Right corner so that more ๐Ÿฏ๐Ÿฏ๐Ÿฏ can access this information, many thanks๐Ÿค—๐Ÿฅฐ You will Greatly Encourage Meโฃ๏ธ As usual-๐Ÿค”๐Ÿ’ญ Consider POV & Actions of Investors + ๐Ÿ‘ฉ๐Ÿปโ€๐Ÿ’ป๐Ÿ‘จ๐Ÿปโ€๐Ÿ’ป Research + ๐Ÿ—‘FOMO & Greed = Investing Wisely ๐Ÿค“๐Ÿค— + Accumulating Wealth ๐Ÿ’ต๐Ÿ’ฐ @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_Earnings
๐Ÿค”๐Ÿ’ญWhat Is A ๐Ÿ‘ Buy Price For APPL๐ŸŽโ“

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet