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We moving right back up bruh
Apple holdings took a massive hit. Berkshire dumped nearly half (roughly 390 million shares) of its remaining Apple shares in Q2 after having dumped 13% (116 million shares) in Q1, and about 1% (10 million shares) in Q4. Berkshire’s Apple holdings are now down to about 400 million shares, from 908 million shares that it had held two years ago.
Ditching Bank of America. In July through August 1, reported in separate filings and not included in the Q2 quarterly report, Berkshire also sold 8.8% (or about $3.8 billion) of its Bank of America holdings in a series of transactions.
“You could conclude this is another sell signal,” Jim Shanahan, an analyst at Edward Jones who covers Berkshire, told Reuters. “This was a far higher level of selling activity than we were expecting.”
Apple Stock Sinks as Warren Buffett Dumps Shares
By: Schaeffer's Investment Research | August 5, 2024
• The Oracle of Omaha nearly halved its stake in AAPL
• The equity is seeing increased put activity
Apple Inc (NASDAQ:AAPL) stock is down 3.8% to trade $211.56 at last glance, dragging the broader market lower. Today's bear gap follows news that Warren Buffett's Berkshire Hathaway (BRK) sold nearly half of its AAPL stake, per a disclosure in its earnings filing.
Apple stock hit its lowest level since June earlier in the session, and is now trading south of its 50-day moving average for the first time since May. Despite today's big bear gap on the charts, AAPL is still up 9.2% in 2024.
Already today, 498,000 puts have exchanged hands, volume that is double the average intraday amount. Most popular is the weekly 8/9 200-strike put, where new positions are being sold to open.
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Warren Buffett’s Berkshire Hathaway chops Apple stake in half
Monday, August 5, 2024 8:56 am
11 Comments
https://macdailynews.com/2024/08/05/warren-buffetts-berkshire-hathaway-chops-apple-stake-in-half/
After Buffett slashes AAPL stake, Apple investors urged to remain calm
Monday, August 5, 2024 11:26 am
1 Comment
https://macdailynews.com/2024/08/05/warren-buffetts-berkshire-hathaway-chops-apple-stake-in-half/
Berkshire Hathaway (NYSE:BRK.B) – Warren Buffett increased Berkshire Hathaway’s cash reserves to $276.9 billion in June, up from $189 billion the previous quarter. The company sold $75.5 billion in stocks, including around 505 million Apple shares. Despite a record operating profit of $11.6 billion in Q2 (up 15%), Berkshire bought only $345 million of its own shares, less than the $2.57 billion the previous quarter. Net profit fell 15%, totaling $30.34 billion. According to Buffett, the sale of nearly half of Berkshire’s Apple stake does not indicate a lack of confidence in the tech giant but rather a risk management strategy. Buffett adjusted his Apple position to reduce concentration and balance the portfolio. Apple remains Berkshire’s largest position, and the decision reflects caution regarding the stake size rather than doubt about the company’s future. Buffett believes the market is overestimating the impact of AI innovation, but the company still has significant potential. BRK.B shares are down -3.8% pre-market.
Apple (NASDAQ:AAPL) – Apple Intelligence, shown to developers, still does not match the expected enthusiasm. Apple delayed its introduction to October and did not include all features in the initial release. The company is also reorganizing its design leadership and expects revenue growth despite weakness in China. The iPhone 16 will launch in September, while Apple Intelligence will be integrated later. In Thailand, Apple pulled an ad after criticism that the film, depicting Bangkok and Rayong, misrepresented the country as underdeveloped. Lawmakers and citizens protested, and the Thai government was concerned about the country’s tourism image. Apple apologized, stating it did not intend to offend. Apple shares are down -6.5% pre-market.
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94312835/nvidia-ai-chip-delays-mars-eyes-kellanova-acquisi
Bought 3 Nov 240 calls at 3.46
wouldn't be surprised if berk is thinking of buying back his shares lol, he still holds a nice chunk
AAPL topped out at $232 for 2024
just like the SPY and QQQ
AAPL will go lower to sideways for months
recession is unstoppable now
Apple trading lower by 6% tonight after Warren Buffett's Berkshire Hathaway disclosed it sold 390 million $AAPL shares in the 2nd Quarter, nearly half its entire position in the company.
By: Barchart | August 4, 2024
• Apple trading lower by 6% tonight after Warren Buffett's Berkshire Hathaway disclosed it sold 390 million $AAPL shares in the 2nd Quarter, nearly half its entire position in the company.
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DiscoverGold
Apple Investors Urged to Stay Calm After Buffett Slashes Stake:
https://www.bloomberg.com/news/articles/2024-08-04/apple-aapl-investors-urged-to-stay-calm-after-buffett-slashes-stake
The "real story" is Buffett now holds a record $277 Billion in cash and has been selling stocks like never before.
He's getting ready for a crash...
Reminds me of the movie Wall Street 2, where everyone is being told to stay calm:
Buffet sold half his apple position. We will see 200 soon
lol told you so, BRK.A sold half its AAPL position
watch it dump 5% on monday
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174857559
i bought puts when AAPL hit $225.
money was just hiding here
Berkshire will reveal they sold more apple shares
Apple $AAPL had $114.1 Million worth of bullish flow this week
By: Cheddar Flow | August 2, 2024
• $NVDA had $746M worth of bearish flow this week (Highly Unusual)
This is a weekly high
In the bulls' defense, there was an unreal amount of bullish flow too
Many contracts exchanged hands this week
Read Full Story »»»
DiscoverGold
Applicious……!!
Sometimes it’s just too easy…,,,.
But we knew that, right fellow followers of the delicious fruit ??
$$ AAPL $$
just money hiding in AAPL during sell off
nothing else
this stock will trend lower
buy zone $180-$195
there's no stopping a recession now
The stock has been climbing steadily, with each peak and trough rising higher than the last. After recently rebounding from a key support trendline, it’s now nearing its previous high.
why the fk would i change
SOLD
$AAPL pic.twitter.com/ZYnyzpW2F7
— THE FINAL COUNTDOWN (@READY_2_PROFIT) August 1, 2024
weakest time of the year for markets
august-october
good luck holding the bag at these levels
easy sell now. weakest pop i ever seen in AAPL
this will settle around $190-$195 sometime in august
COULD BE RUFF, BUT EVERYDAY THERE IS SOME TYPE OF RUNNER
AND EVERYDAY LONG OR SHORT CALL OR PUT
THERE IS MONEY TO BE MADE
~maybe a pop during the call
hope you sold mega cap tech last week
good luck in august and september LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Need a very nice pop..... also sitting on some 8/16 $245 Calls as well..........
all over the place
jumps $ up and down fast
~$1.40 u got it….now can we get a nice pop here ?
Apple $AAPL Just Reported Earnings:
By: Evan | August 1, 2024
• APPLE $AAPL JUST REPORTED EARNINGS
EPS of $1.40 beating expectations of $1.34
Revenue of $85.8B beating expectations of $84.38B
Product Revenue - $61.6B
Services Revenue - $24.2B
iPhone Revenue - $39.3B
Read Full Story »»»
DiscoverGold
Grabbed some 8/9 $237.50 Calls for 0.58 before the bell. Does AAPL hit $1.40 or better for the Non-GAAP Q3? That would be a decent beat.
I'm with you...every1's gonna want the new Apple Ai- phone ..every country..
~I could see a nice gap up after earnings. Hopefully get nice forward guidance.
Hey G...I remember 1 yr Apple earnings exploded up $27 + day after earnings..mstanly says $273...& cap adv says $300 by yr end hoping it soars...
Whadda you think ?
Man that's aggressive. But you always like the aggressive Calls deep out of the money ;) ....... good luck!!
Yes, today is August 1. Get on the train before it’s gone. Chooo choooo
Well, I made a ton on this chit and got out to go with nvda and amd. I made a pile of cash there and bought back into Apple yesterday. Now lesssss goooooo apple
Earnings today after the bell....gonna be blockbuster stock going to be $260 very quickly...as Morgan Stanly put a $273 number by this yrs end,as did capital advisores a bit more to $300 a share...only 5 months left...let's get to $260 1$t...by next mid week...
Report: Apple disrupts overseas acquisition that involves Indian partner
9to5Mac
By Ryan Christoffel
Jul 31, 2024, 10:05 am
photo of Report: Apple disrupts overseas acquisition that involves Indian partner imageApple is a technology company. It specializes in creating products. But as a global force in the world, it can also get caught up in international drama. Today, a new report details one such situation playing out that involves India, China, and competitor Vivo, with Apple disrupting a key acquisition. more…
https://9to5mac.com/2024/07/31/report-apple-disrupting-overseas-acquisition-that-involves-india-partner/
Apple $AAPL $5.8 Million OTM Call
By: Cheddar Flow | July 31, 2024
• $AAPL $5.8M OTM Call
This has an unusual amount of premium and was executed above the ask, signaling urgency.
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It does show that was a buy Calls. There are only these type of options
Buy (long) calls
Sell (short) calls
Buy (long) puts
Sell (short) puts
It could not have been a short call trade. However it could have been a hedge call where the trader has shorted outright the stock. That we don't know.
DiscoverGold
How do you no those 13 Mill call leaps are not on the short side ? It could be a bullish call leaps buy or someone could have shorted 13 mill call leaps out of the money
I dont think you can tell can you ?
Apple’s earnings are almost here; the market reaction will likely surprise
Tuesday, July 30, 2024 5:00 pm
1 Comment
With Apple’s fiscal Q324 earnings due on August 1st, is worth remembering that traders can behave in strange ways. Sometimes they’ll buy a stock on a rumor and sell it on the news. Sometimes when companies beat expectations on earnings they sell and take profits. Sometimes they buy even when the companies miss.
Brian Swint for Barron’s:
All the signs point to that kind of topsy-turvy week. Software maker Microsoft reports Tuesday, with retailer Amazon, iPhone maker Apple, and Facebook owner Meta Platforms over the next few days. These Magnificent 7 technology stocks have driven the market higher for the last two years, but have fallen out of favor lately. Chip maker Nvidia will be the last to report at the end of next month, but by then we may know all we need to know about how investors will treat these big names…
Traders may well still be looking for excuses to sell the Mag 7, which suggests that even if earnings this week come in strong–or perfect–these stocks might go down. For Google, the excuse was inflated spending on artificial intelligence. That reason could be used for others, too.
Alternatively, investors may also decide to differentiate within the Mag 7 group now. They could pick their perceived winners and losers from that group – because their businesses aren’t that similar, and AI means different things to each of them.
MacDailyNews Take: If we get a deal on Apple following earnings, we’ll gladly take advantage of it. If not, we’ll enjoy the spoils (on paper) as we continue to accumulate. As always, do you own due diligence.
MacDailyNews Note: Apple is scheduled to release fiscal third quarter results and business updates on Thursday, August 1, 2024, after market close, right around at 1:30 p.m. PT / 4:00 p.m. ET. As always, we’ll have the results for you as soon as they are release. The company will hold a conference call with analysts thirty minutes later at 2:00 p.m. PT / 5:00 p.m. ET, which we’ll cover with live notes as usual.
https://macdailynews.com/2024/07/30/apples-earnings-are-almost-here-the-market-reaction-will-likely-surprise/#google_vignette
Group of hikers saved from wildfires by Apple’s Emergency SOS via Satellite on iPhone
Monday, July 29, 2024 2:15 pm
1 Comment
A group of four women was successfully rescued from a B.C. glacier last week after a daring helicopter operation. The rescue took place amidst a challenging wildfire season. The stranded women were able to utilize Apple’s Emergency SOS via Satellite feature on their iPhone to send a text message, triggering the rescue effort.
Corey Bullock for CBC News:
As wildfires continue to burn across the Kootenay region, a group of four women were helicoptered off a glacier in B.C.’s West Kootenay region last week.
The dramatic rescue, amidst a challenging wildfire season, has officials warning people to be careful.
A search and rescue team flew through thick smoke, near an approaching wildfire to find the hikers, who were stranded on the Macbeth Ice Fields, northeast of Kaslo, about 390 kilometres east of Kelowna.
The four women, who all live in British Columbia, had been camping when the wind picked up, said Mark Jennings-Bates, the Kaslo Search and Rescue manager, who led the rescue.
“Embers were falling on their tent so they ran for their lives,” Jennings-Bates told CBC’s Daybreak South.
The rescue was especially challenging with smoke making visibility difficult for the helicopter pilot, he said.
Jennings-Bates said the stranded women were able to send a text message via satellite through Apple’s emergency SOS function, and that ultimately made the rescue possible.
“We were just able to sneak over a ridge and found them exactly where the cellphone ping said they were, which is really unusual and very satisfying,” he said.
“In this instance, their cellphone literally saved their lives.”
MacDailyNews Take: Another four lives saved, thanks to iPhone and Emergency SOS via Satellite! (Also sounds like it would make for a great iPhone commercial!)
How to use Emergency SOS via satellite on your iPhone here.
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Apple iPhone’s Emergency SOS via satellite saves two women stranded in British Columbia
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10 missing hikers rescued from California canyon thanks to Apple’s Emergency SOS feature
Wednesday, May 17, 2023
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https://macdailynews.com/2024/07/29/group-of-hikers-saved-from-wildfires-by-apples-emergency-sos-via-satellite-on-iphone/
Apple $AAPL $13 Million worth of ITM Call LEAPS
By: Cheddar Flow | July 29, 2024
• $AAPL $13M worth of ITM Call LEAPS
These were bought to open (Vol>OI) and are far-dated bullish bets on Apple.
Read Full Story »»»
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Meta looks to knock off Apple Vision Pro’s EyeSight feature
Tuesday, July 23, 2024 4:39 pm
1 Comment
Mark Zuckerberg’s Meta has filed a patent that looks very similar to Apple Vision Pro’s EyeSight feature. Meta’s patent application is called “Embedded Sensors in Immersive Reality Headset to enable Social Presence.”
Jack Purcher for Patently Apple:
It also confirms that a redesign of their Quest headset or an all-new headset design is being considered to support this feature. To distinguish it from Apple’s Eyesight, Meta notes that some of the sensors in face interface may include health sensors.
Meta’s Patent Abstract: A method for updating a subject avatar with a facial expression collected in real time. The method includes receiving, from a sensor on a facial interface of a headset, a signal indicative of a movement in a facial muscle from a user of the headset, determining a facial expression of the user with the signal from the sensor in the facial interface of the headset, based on a machine learning algorithm trained to associate the facial expression to the movement of the facial muscle, adjusting a subject avatar for the user of the headset based on the facial expression, and providing the subject avatar to an immersive reality application hosted by a remote server…
MacDailyNews Take: Meta see, Meta do.
Related
Meta’s quixotic Quest cannot compete with Apple’s Vision Pro
Wednesday, June 7, 2023
In "News"
Meta’s Zuckerberg dismisses Apple Vision Pro; ‘not the one that I want’
Thursday, June 8, 2023
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Zuckerberg panics, Osborne Effects Meta with rushed ‘Quest 3’ headset reveal
Thursday, June 1, 2023
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https://macdailynews.com/2024/07/23/meta-looks-to-knock-off-apple-vision-pros-eyesight-feature/
$AAPL $3.9 Million Highly Unusual OTM Call Print Earlier Today
By: Cheddar Flow | July 25, 2024
• $AAPL $3.9M Highly Unusual OTM Call Print Earlier Today
This was bought to open (Vol>OI) and has a short-dated expiration
Read Full Story »»»
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Today Apple Inc. (AAPL) is the best performer in the DJIA
By: Thom Hartle | July 22, 2024
• Today (8:32 CST), the best performer in the DJIA is Apple Inc. AAPL.
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Microsoft Windows BSOD strikes again: ‘Largest IT outage in history’ takes down airlines, hospitals, and more
Friday, July 19, 2024 10:50 am
3 Comments
Microsoft’s Windows BSOD has struck again – worldwide. IT security consultant Troy Hunt called it “the largest IT outage in history,” saying, “basically what we were all worried about with Y2K, except it’s actually happened this time.”
George Kurtz, president and CEO of Crowdstrike, a modern antivirus platform, was quick to take responsibility for the issue, writing on X, “CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.”
CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed. We…
— George Kurtz (@George_Kurtz) July 19, 2024
Apple supplier TSMC’s profit beats estimates
Thursday, July 18, 2024 8:59 am
1 Comment
Major Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC)’s earnings beat analysts’ heightened estimates as global demand for AI chips continues to be insatiable.
Jane Lanhee Lee for Bloomberg News:
Market expectations had risen in the weeks leading up to TSMC’s report on Thursday, with the AI frenzy and related investment showing no signs of slowing down.
The chipmaker for Apple Inc. and Nvidia Corp. said net income rose to NT$247.8 billion ($7.6 billion). The average estimate was for a 29% increase, and many expected TSMC to hike its full-year outlook after sales jumped in the June period. The company said last week that its second-quarter sales grew at the fastest pace since 2022.
Insatiable demand for Nvidia chips has propped up TSMC’s performance, while the wider smartphone market is on a path to recovery. Apple has seen handset sales stabilize, and provided an upbeat guidance to its suppliers on shipments for the upcoming iPhone 16 based on the potential strength of its new AI tools.
MacDailyNews Note: Apple Intelligence is the personal intelligence system that brings powerful generative models to iPhone, iPad, and Mac. For advanced features that need to reason over complex data with larger foundation models, Apple created Private Cloud Compute (PCC), a groundbreaking cloud intelligence system designed specifically for private AI processing. For the first time ever, Private Cloud Compute extends the industry-leading security and privacy of Apple devices into the cloud, making sure that personal user data sent to PCC isn’t accessible to anyone other than the user — not even to Apple. Built with custom Apple Silicon, manufactured by TSMC, and a hardened operating system designed for privacy, Apple’s PCC is the most advanced security architecture ever deployed for cloud AI compute at scale.
https://macdailynews.com/2024/07/18/apple-supplier-tsmcs-profit-beats-estimates/#google_vignette
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