time to short AAPL

I learned that the reason these phones are so expensive is because of all the apps on them. I don't even use a fraction of them so why pay these high prices for a damn phone? As long as I can talk or chat to someone, that's pretty much all I care about. I don't have time to play any games or watch T.V. on my phone. I'll wait to get home to watch any television...LOL

Yeah, I don't doubt, for example, people who wear Airpods like 18hrs/day, 7 days/week might end up with some crazy illnesses/issues in the years to come. If your cell phone is with you and on your person 24/7, there's gotta be long-term effects for sure.

Even if there was no AI, there's still diehard people that switch to the newest phone every year one comes out. And then the people that still have the old 7's and 8's will need to upgrade to get the latest IOS. New customers switching to Apple will most often get the latest phone/model, so I don't see sales of the 16 being significantly lower globally. But I guess we'll see after the holiday shopping season.

Nothing spectacular about the Iphone 16, thus little reason to upgrade. AI is the only new thing but few people will make use of that tech. Maybe the 17 will actually bring something worth upgrading for and AI then provides a nice bonus. However hasnt Apple always been had neural processing in its CPU's which is why its been able to compete? So is the AI more software based use of hardware already present?

Cellphones although necessary for this day in age are causing more health related issues due to the EM radiation emanating from them and the insane amount of towers that come with mmWave 5G. Even worse, however, is when the users of the cellphones have metallic implants which amplify that EM radiation.

Looking at $220 Calls for October.....

I keep buying the dips.

Pretty big drop if just some analyst says there might be weak demand for the 16 in the next 12 months. Maybe it's worth a couple bucks, but it's around $7 down now..... that's a bit silly.

Edit:I-phone 16 sales.

Projected 2016 I-phone sales.

What's with the $6+ drop this morning??

People have hard times like this stock.....and do start campfire to boast moral.....

I'm disliking slot of these post round nah

I remember the split on the action here few years ago....

But I never spent more than a few cents on a stock and I'm feeling bullish.

Cellphones were one of the biggest detriments to this world. I knew in the 1980's what was going to happen to society. Everyone is an automaton now, unsociable face to face mindless slave to their silly phones. It's the new binky and pacifier. Not too mention spying and tracking device over the people used by the elites who run this game of life. People could not survive life now without their phones. It is a fabricated necessity for 99% as planned by the cabal and billions fell for it LOL.

$300 stock coming soon! Thats all!

Yes but this specific issue springs up between metallic implants and EM radiation. Metal implants actually amplify that radiation which is what i believe was contributing to Mr Van Dykes headaches. The same thing will happen inside EVs which Apple seems to have abandoned thankfully. Still the EM radiation emanating from all the electronic components inside an EV will be amplified by metallic implants. However the implants that amplify that radiation will be much larger than a dental implant. Like hip, knee, foot, etc...

Cell Phone Radiation Effect on Bone-to-Implant Osseointegration: A Preliminary Histologic Evaluation in Rabbits

Interesting story for sure. I’ve always knew about how some dental work could cause many health problems, including and not limited to just a simple root canal.

today's iPhone 16 reveals, which was largely viewed as a dud, sending the stock to session lows before recovering...

while the bulls enjoyed today's rally, that can and will quickly reverse with dealers still deep in negative gamma territory, and all that would take for another trapdoor lower is a sudden drawdown in stocks which forces dealers to chase risk to the downside, as the dreaded positive feedback loop of negative gamma positioning kicks in.



While stocks staged a comeback, the rest of the market was quiet, with bond yields failing to rebound, and after rising in the early morning, yields gradually faded all day only to closer down on the day...

Great presentation today. Lots of cool product upgrades. Stock always crashes on these days every year. I’ll definitely be buying a 16 Pro.

Apple (NASDAQ:AAPL) – Starting in 2025, Apple will replace LCD screens with OLED in all iPhone models. OLED displays offer more vibrant colors and better contrast, pushing out suppliers like Sharp and Japan Display. BOE Technology and LG Display will begin supplying the new screens. The launch of Apple’s new iPhone boosted its stock on expectations of AI advancements. However, Apple’s stock has historically underperformed after product launches. With a high price-to-earnings ratio, any failure to meet expectations could hurt the company’s valuation. Apple shares were down 0.9% in pre-market trading after a 2.7% drop on Tuesday.

Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings
September 04 2024 - 5:50AM
IH Market News

Nvidia (NASDAQ:NVDA) – Nvidia’s stock closed down 9.5% on Tuesday, leading to a $279 billion loss in market value due to fading optimism over AI following weak economic data. Historically, September has been tough for Nvidia, and this year is no exception. The stock has already dropped 20% from its all-time high. However, performance tends to improve in the following months, especially in November. Additionally, the U.S. Department of Justice has subpoenaed Nvidia as part of an antitrust investigation, raising concerns about practices that hinder supplier switching. Nvidia claims its customers choose its products based on merit. Pre-market trading showed a 1.7% decline.

Athira Pharma (NASDAQ:ATHA) – Athira Pharma’s stock dropped 71% in pre-market trading after closing down 8.41% on Tuesday, following the failure of its drug fosgonimeton to meet primary and secondary goals in an Alzheimer’s study. The company found no statistical significance compared to placebo after 26 weeks of treatment.

Intel (NASDAQ:INTC) – Intel may be removed from the Dow Jones index due to its nearly 60% stock price drop this year, making it the worst-performing stock in the index. The company faces financial challenges and increased competition, and its removal could further damage its reputation. Nvidia and Texas Instruments are potential replacements. Intel’s stock was up 0.4% in pre-market trading after an 8.8% drop on Tuesday.

Super Micro Computer (NASDAQ:SMCI) – Super Micro Computer rejected allegations from Hindenburg Research, which accused it of “accounting manipulation” and export control issues. The company called the report “false and inaccurate,” stating that the situation does not affect its production or financial results. Shares dropped 2.2% in pre-market trading after closing up 0.9% on Tuesday.

Apple (NASDAQ:AAPL) – Starting in 2025, Apple will replace LCD screens with OLED in all iPhone models. OLED displays offer more vibrant colors and better contrast, pushing out suppliers like Sharp and Japan Display. BOE Technology and LG Display will begin supplying the new screens. The launch of Apple’s new iPhone boosted its stock on expectations of AI advancements. However, Apple’s stock has historically underperformed after product launches. With a high price-to-earnings ratio, any failure to meet expectations could hurt the company’s valuation. Apple shares were down 0.9% in pre-market trading after a 2.7% drop on Tuesday.

Hewlett Packard Enterprise (NYSE:HPE) – The U.S. Department of Commerce proposed granting $50 million to Hewlett Packard Enterprise to modernize and expand its Oregon facility, focusing on semiconductor and microfluidics technology. This investment aims to support the development of equipment for biological sciences and AI, benefiting institutions like Harvard and the CDC.

Meta Platforms (NASDAQ:META) – Elon Musk’s X was banned in Brazil for failing to comply with legal orders regarding misinformation and legal representatives. This ban benefited rivals like Instagram and Threads from Meta Platforms, which saw increased activity. Meta, which previously faced a ban with WhatsApp, could face similar challenges in the future. Meta shares dropped 0.5% in pre-market trading after a 1.8% decline on Tuesday.

Snap Inc (NYSE:SNAP) – Snap CEO Evan Spiegel announced a new strategy to improve the company’s ad performance, focusing on augmented reality and automation. In response to slow growth compared to competitors, Snap plans to expand its AR glasses technology and new generative AI tools. Snap shares were down 0.1% in pre-market trading after a 5.1% decline on Tuesday.

Salesforce (NYSE:CRM) – Salesforce announced its acquisition of Tenyx, an AI startup specializing in voice agents. The financial terms of the deal were not disclosed. Tenyx, serving various sectors, will have its team, including co-founders, integrated into Salesforce. The acquisition aims to strengthen Salesforce’s AI-driven solutions.

Airbnb (NASDAQ:ABNB) – Airbnb has requested New York to review Local Law LL18, which requires hosts to be permanent residents and register before listing properties. The company argues that the law has not impacted the housing crisis and has increased travel prices, leading to an 83% drop in short-term rental listings.

AT&T (NYSE:T), Nokia (NYSE:NOK) – The CWA union withdrew from mediation with AT&T, claiming the company was merely delaying the process. Over 17,000 workers have been on strike since last month. AT&T said mediation stalled due to a lack of willingness for agreements and that it is prepared to keep services running. Additionally, AT&T and Nokia have agreed to build a new fiber network in the U.S. This contract follows AT&T’s choice of Ericsson for its wireless network and aims to expand broadband access. The financial terms of the deal were not disclosed, but it is seen as a significant step for Nokia. AT&T shares were down 0.2% in pre-market trading after a 2.7% increase on Tuesday.

Verizon (NYSE:VZ) – Verizon may increase its dividends later this week, potentially boosting its stock. Morgan Stanley analyst Simon Flannery expects a nearly 2% increase, raising the quarterly dividend from 66.5 cents to about 71 cents. Verizon shares dropped 0.3% in pre-market trading after a 2.8% increase on Tuesday.

Sony Group (NYSE:SONY) – Sony is canceling the online game “Concord,” launched just two weeks ago, after failing to attract players. The title, developed for PS5 and PC, will be shut down on September 6, with refunds offered. The game faced heavy criticism and competition, leading to its early closure.

Unity Software (NYSE:U) – Unity’s stock closed up 2.02% on Tuesday following a positive update from Morgan Stanley. Analyst Matthew Cost upgraded the stock from “Equal Weight” to “Overweight,” maintaining a price target of $22, highlighting that the stock is near historical lows and presents an investment opportunity. Unity’s stock was down 0.4% in pre-market trading.

US Steel (NYSE:X) – Nippon Steel stated that if it acquires US Steel, most of the American company’s directors and top management will be U.S. citizens. This comes in response to concerns raised by politicians like Kamala Harris about U.S. control over US Steel. Nippon Steel also announced plans to invest $1.3 billion and has hired Mike Pompeo as an advisor. US Steel shares fell 0.1% in pre-market trading after a 6.1% drop on Tuesday.

Halliburton (NYSE:HAL) – Halliburton downplayed the financial impact of a recent cyberattack, claiming it will not materially affect its finances or operations. The company activated its security response plan, shut down some systems, and notified authorities but continues to provide services normally. Halliburton shares dropped 1% in pre-market trading after a 4.0% decline on Tuesday.

Berkshire Hathaway (NYSE:BRK.B), Bank of America (NYSE:BAC) – Berkshire Hathaway sold more Bank of America shares, totaling over $6 billion, following a significant increase in the bank’s stock value. The sale, which occurred between August 28 and 30, is seen as a profit-taking strategy. Berkshire’s stake in Bank of America is now below 10%. Berkshire shares were down 0.3% in pre-market trading after a 0.2% increase on Tuesday. Bank of America shares dropped 0.5% in pre-market trading.

Goldman Sachs (NYSE:GS) – Goldman Sachs temporarily suspended its zinc market coverage due to “limited capacity” after its metals strategist Nicholas Snowdon left for Mercuria. Snowdon’s departure follows that of Jeff Currie, who joined Carlyle, and Xiao Qin, who will retire. Additionally, Goldman Sachs economists evaluated that a Donald Trump victory could slow U.S. GDP growth due to higher tariffs and immigration restrictions, while a Kamala Harris win could slightly boost GDP through new spending and tax credits, despite a negative impact from increased corporate taxes.

JPMorgan Chase & Co (NYSE:JPM) – JPMorgan is forming a private banking team in Dubai to attract millionaires moving to the region. The bank has relocated two bankers from Geneva and London to begin the team, which will serve high-net-worth individuals, family offices, and foundations. The Middle East is becoming a hotspot for millionaires due to its tax-free environment and luxurious lifestyle. JPMorgan shares dropped 0.4% in pre-market trading after a 2% decline on Tuesday.

Charles Schwab (NYSE:SCHW) – Three investors have sued Charles Schwab for alleged fiduciary duty violations, accusing the company of designing its cash sweep program to benefit Schwab at clients’ expense. The lawsuit seeks class-action status and monetary compensation, alleging Schwab did not disclose financial agreements related to TD Bank. Schwab denies the accusations and defends its cash sweep program as safe and transparent. Schwab shares dropped 0.2% in pre-market trading after a 0.5% decline on Tuesday.

Raymond James Financial (NYSE:RJF) – Raymond James agreed to pay over $1.9 million to settle charges of failing to maintain records of client complaints and mutual fund transactions. Finra alleged that the company did not comply with Rule 4530, which requires the reporting of complaints within 30 days.

Robinhood Markets (NASDAQ:HOOD) – Robinhood launched a stock lending program in the U.K., allowing investors to earn passive income by “renting” their shares to other parties. Investors receive a monthly fee and retain ownership of the shares. This move is part of Robinhood’s effort to expand its international presence. Robinhood shares dropped 1.6% in pre-market trading after a 3.7% decline on Tuesday.

KKR & Co. (NYSE:KKR) – KKR has expedited its public offer to acquire Fuji Soft to September 5, aiming to get ahead of a rival bid from Bain Capital. KKR is looking to finalize the purchase before Bain submits a binding proposal in October, driving up Fuji Soft’s stock value.

Moody’s (NYSE:MCO), S&P Global (NYSE:SPGI) – Moody’s, S&P, and Fitch will pay $48 million in fines for failing to maintain electronic communications, related to the WhatsApp investigations. The SEC reported that Moody’s and S&P will each pay $20 million, while Fitch will pay $8 million. The companies have agreed to hire compliance consultants to correct their practices.

Boeing (NYSE:BA) – Boeing may delay its $10 billion free cash flow target to 2027-28 and will need to raise $30 billion before developing new aircraft, according to Wells Fargo. The company’s current debt stands at $45 billion. Wells Fargo downgraded Boeing to “underweight” and lowered its price target to $119, a 32% drop from the last closing price. Boeing shares fell 0.5% in pre-market trading after a 7.3% decline on Tuesday.

Southwest Airlines Co. (NYSE:LUV) – Southwest Airlines shares closed up 2.3% on Tuesday after activist investor Elliott Investment Management revealed a 10% stake in the company. Elliott seeks to call a special meeting to discuss replacing the CEO and board members. Southwest will meet with Elliott to present details of its transformation plan on September 26. Southwest shares dropped 0.9% in pre-market trading.

Stellantis (NYSE:STLA) – Stellantis named Bob Broderdorf as the new head of Jeep North America. Previously the VP of operations for Ram and Dodge, Broderdorf will oversee Jeep’s strategy, sales, and marketing in North America. He replaces Bill Peffer, who will manage the dealer network in the region. Stellantis shares were up 0.8% in pre-market trading after a 5.2% drop on Tuesday.

Tesla (NASDAQ:TSLA) – Tesla plans to launch a six-seat version of the Model Y in China starting in 2025, initially boosting its stock on Tuesday before it closed down 1.6%. Weak manufacturing data hit the broader market, and Tesla shares were further affected by a general sales slowdown and concerns over growth. Tesla stock was down 1.1% in pre-market trading.

iRhythm (NASDAQ:IRTC) – Expected benefits from smartwatches and monitoring sensors, like iRhythm’s Zio, were not proven in a recent study. Although more atrial fibrillation cases were detected, the study did not show a reduction in stroke-related hospitalizations. The low event rate and small number of participants limited conclusions.

BioAge Labs – BioAge Labs, focused on obesity therapy and partnerships with Eli Lilly and Novo Nordisk, filed for an IPO in the U.S. to capitalize on the sector’s enthusiasm. The startup, with no revenue and a $26.6 million loss for the half-year, recently raised $170 million and will list its stock on Nasdaq under the symbol “BIOA.”

Illumina (NASDAQ:ILMN), Grail (NASDAQ:GRAL) – Illumina won its legal dispute against the European Commission, which had tried to block its $7.1 billion acquisition of Grail. The EU Court of Justice ruled that the Commission lacked authority to review the merger under Article 22. Illumina will not have to pay the $478 million fine.

Constellation Brands (NYSE:STZ) – Constellation Brands will reduce the value of its wine and spirits division, booking a charge of up to $2.5 billion due to weak U.S. demand. The company also adjusted its net sales growth forecast to 4%-6%, down from 6%-7%, and revised its earnings per share estimates for fiscal 2025.

Molson Coors Beverage (NYSE:TAP) – Molson Coors is scaling back its corporate diversity efforts following criticism from conservative activists. The company will remove the link between executive compensation and diversity goals, discontinue supplier diversity goals, and drop its Human Rights Campaign ratings. The move follows an online attack by conservative activist Robby Starbuck.

Earnings
Zscaler (NASDAQ:ZS) – The cloud security company reported earnings per share of 88 cents, up 37% year-over-year, and revenue of $592.9 million, beating estimates of $567.5 million. Fourth-quarter billings grew 27% to $910.8 million. However, the fiscal 2025 forecast disappointed: EPS of $2.84 (below the $3.33 expected) and revenue of $2.61 billion (slightly below the $2.62 billion forecast). For the current quarter, revenue is projected at $605 million, just above the $603 million expected. Zscaler shares dropped 15.3% in pre-market trading after a 3.4% decline on Tuesday.

GitLab (NASDAQ:GTLB) – GitLab reported second-quarter earnings per share of $0.15, beating the $0.10 estimate. Revenue reached $182.6 million, above the $177.1 million expected. For fiscal 2025, the company projects revenue between $742 million and $744 million, and adjusted EPS of $0.45 to $0.47, exceeding forecasts of $737.8 million and $0.36, respectively. GitLab shares were up 15.5% in pre-market trading after a 5.7% drop on Tuesday.

Asana (NYSE:ASAN) – The project management software company reported an adjusted second-quarter loss of five cents per share, better than the eight cents expected, with revenue of $179.2 million, above the $177.67 million forecast. For the third quarter, revenue is projected between $180 million and $181 million, with a loss of seven cents per share, below estimates of $182.29 million in revenue and a three-cent loss. For the fiscal year, a loss of 19 to 20 cents per share is expected on revenue of $719 million to $721 million, slightly below analyst forecasts. Asana shares fell 15.1% in pre-market trading after a 5.5% decline on Tuesday.

PagerDuty (NYSE:PD) – PagerDuty reported revenue of $115.9 million, beating the $112 million estimate, and a net loss of $13 million (14 cents per share), better than last year’s loss of $24 million (26 cents per share). For the year, PagerDuty raised its earnings per share forecast to $0.67 to $0.72 and annual revenue to $463 million to $467 million. PagerDuty shares dropped 13.2% in pre-market trading after a 7.5% decline on Tuesday.

OneStream (NASDAQ:OS) – OneStream’s second-quarter total revenue grew 36% year-over-year to $117.5 million. The company’s GAAP operating loss was reduced to $11.6 million, and its GAAP operating margin improved to -10%. For the third quarter of 2024, OneStream projects revenue between $123 million and $125 million, with non-GAAP earnings per share between -$0.01 and $0.01.

HealthEquity (NASDAQ:HQY) – HealthEquity reported earnings per share of $0.86 last quarter, beating the $0.70 estimate. Revenue reached $299.93 million, above the $284.24 million forecast. For the next quarter, earnings are projected at $0.73 per share, with revenue of $289.42 million and $3 in $1.17 billion in revenue for the current fiscal year.

Sportsman’s Warehouse (NASDAQ:SPWH) – The outdoor sporting goods retailer reported second-quarter net sales of $288.7 million, down from $309.5 million last year. The net loss was $5.9 million (16 cents per share), compared to $3.3 million (9 cents per share) a year ago. Same-store sales fell 9.8% year-over-year. The fiscal 2024 outlook is for sales of $1.13 billion to $1.17 billion and adjusted EBITDA of $20 million to $35 million.

Ascendis Pharma (NASDAQ:ASND) – The biotech company reported a 24% revenue decline in the second quarter, from EUR 36 million, below the expected EUR 83 million, with a net loss of $120.8 million (EUR 1.91 per share). For the quarter, Ascendis also secured a $150 million royalty financing deal with Royalty Pharma.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94488974/nvidia-subpoenaed-by-doj-athira-pharma-shares-plu

Almost at my target lets go

Apple Dumplings for all longs !!

$$ AAPL $$

Apple $AAPL $9.3 Million Calls
By: Cheddar Flow | August 29, 2024

• Did Somebody Say... $10M+ of Bullish Tech Flow?

$MSFT $AAPL



Read Full Story »»»

DiscoverGold

$NVDA, $AAPL, & $GOOGL Millions worth of call sellers. It looks like they are closing existing positions
By: Cheddar Flow | August 27, 2024

• $NVDA, $AAPL, & $GOOGL Millions worth of call sellers

It looks like they are closing existing positions



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DiscoverGold

$AAPL Large $2.6 Million Short-Dated Put...
By: Cheddar Flow | August 26, 2024

• $AAPL Large $2.6M Short-Dated Put

This was bought to open (Vol>OI) and executed at the ask



Read Full Story »»»

DiscoverGold

Funny how some months back, the biggest AAPL drawback was the falling P/E. Now that it is around 0.44 no one says anything !!!
I don't care what it goes to, currently my yield is 9.94%.

AAPL new 52=week high

Apple $AAPL with the most bearish flow today
By: Cheddar Flow | August 23, 2024

• $NVDA Another day on top (What's new?)



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DiscoverGold

Apple (NASDAQ:AAPL) – Apple will begin manufacturing the iPhone Pro and Pro Max in India this year, a significant milestone for the company and the local industry. The local production aims to reduce costs and risks associated with manufacturing in China. Local assembly could reduce Pro models’ prices by up to 10% in India and boost sales in the region.

Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More
August 20 2024 - 5:56AM
IH Market News

Berkshire Hathaway (NYSE:BRK.B), Bank of America (NYSE:BAC) – Berkshire Hathaway sold a total of 14 million shares of Bank of America in recent days, reducing its stake to 12%. The sale, which raised about $550 million, was made last Thursday, Friday, and Monday, at an average price of $39.50 per share. Berkshire now owns 928 million shares of the bank. Bank of America shares fell 0.1% in pre-market trading.

Paramount Global (NASDAQ:PARA) – Edgar Bronfman Jr. made a bid of approximately $4.3 billion to acquire National Amusements, which controls Paramount. His proposal includes $2.4 billion in debt and equity and $1.5 billion for Paramount. This offer competes with Paramount’s agreement with Skydance, valuing Paramount at $4.75 billion. Paramount has 45 days to explore other offers, extendable until September 5. Bronfman believes his offer is superior as it does not involve acquiring Skydance and directly improves Paramount’s financial situation. Shares fell 0.2% in pre-market trading.

Morgan Stanley (NYSE:MS) – Jonathan Bloomer, chairman of Morgan Stanley International, is missing after the luxury yacht “Bayesian” sank off the coast of Sicily due to a storm, with 10 crew members and 12 passengers on board. The storm left six people missing, including Bloomer, and resulted in the confirmed death of the cook, Ricardo Thomas. Also missing are Chris Morvillo, a lawyer at Clifford Chance, and businessman Mike Lynch with his daughter.

Southwest Airlines (NYSE:LUV) – Southwest Airlines is preparing to face Elliott Investment Management, which is seeking drastic changes in the company’s leadership. CEO Bob Jordan has been rallying support from investors and employees, arguing that Elliott’s approach is predatory. Elliott wants to replace the current leadership, citing Southwest’s unsatisfactory performance.

Alaska Air Group (NYSE:ALK), Hawaiian Airlines (NASDAQ:HA) – Alaska Airlines overcame a regulatory hurdle for the $1.9 billion merger with Hawaiian Airlines after the DOJ review period expired. The deal now awaits review by the U.S. Department of Transportation. The merger will expand destinations for Hawaiian residents and maintain the value of HawaiianMiles. Alaska Air Group shares rose 0.1% in pre-market trading, while Hawaiian Airlines shares jumped 9.6%.

Boeing (NYSE:BA) – The Saudi Arabian Public Investment Fund is in talks to purchase Boeing 777 and Airbus 350 jets to establish a new cargo airline. The operation will serve Saudia and the new startup Riyadh Air, according to Bloomberg News. Additionally, the U.S. Federal Aviation Administration (FAA) ordered inspections of 787 Dreamliners following a March incident where a LATAM Airlines plane plunged due to uncommanded seat movement, disconnecting the autopilot. The directive affects 158 aircraft in the U.S. and 737 globally, requiring inspections and fixes within 30 days. Meanwhile, Boeing is halting 777X flight tests after an inspection revealed flaws in a structure connecting the engine to the aircraft, as reported by The Air Current on Monday. Shares fell 0.9% in pre-market trading.

General Motors (NYSE:GM) – General Motors announced on Monday that it is laying off more than 1,000 employees from its software and services units globally. The layoffs, which include around 600 positions at the tech campus near Detroit, follow an operational review after the departure of software and services VP Mike Abbott. GM states these layoffs are not for cost-cutting but to streamline operations and focus on strategic investments. Shares fell 0.2% in pre-market trading.

Stellantis (NYSE:STLA) – The United Auto Workers (UAW) union warned that Stellantis workers might go on a nationwide strike due to the automaker’s failure to fulfill 2023 production promises. Stellantis committed to investing in new factories and creating jobs in the U.S., but delays in Illinois investments have sparked the dispute. Shares rose 1.5% in pre-market trading.

Tesla (NASDAQ:TSLA) – Donald Trump claimed that if elected, he could eliminate the $7,500 tax credit for electric vehicles and consider appointing Elon Musk to an advisory or cabinet role. While a fan of electric cars, Trump expressed concerns about the EV market due to costs and range issues. He also plans to discourage exports from Mexico and impose tariffs to incentivize U.S. automotive production. Shares rose 0.5% in pre-market trading.

Harley-Davidson (NYSE:HOG) – Harley-Davidson ended diversity, equity, and inclusion (DEI) initiatives following pressure from an anti-DEI activist. The Milwaukee-based company eliminated minority supplier targets, social training, and participation in LGBTQ rankings, joining other firms re-evaluating diversity policies due to criticism.

Nutrien (NYSE:NTR), CH Robinson (NASDAQ:CHRW) – A potential labor dispute at major Canadian railways is unlikely to significantly impact U.S. oil exports due to extra pipeline capacity like Trans Mountain. Companies, including Nutrien and CH Robinson, are preparing for disruptions, but the impact on oil exports should be minimal, as rail crude imports from Canada to the U.S. have declined in recent years.

US Steel (NYSE:X) – Donald Trump pledged to repeal a pollution rule for power plants imposed by the Biden administration and block Nippon Steel’s purchase of US Steel. He also vowed to restrict foreign access to U.S. markets and ensure a 100% American supply chain if elected. Shares dropped 6% in Monday’s regular trading session.

Apple (NASDAQ:AAPL) – Apple will begin manufacturing the iPhone Pro and Pro Max in India this year, a significant milestone for the company and the local industry. The local production aims to reduce costs and risks associated with manufacturing in China. Local assembly could reduce Pro models’ prices by up to 10% in India and boost sales in the region.

Advanced Micro Devices (NASDAQ:AMD) – AMD announced on Monday plans to acquire server maker ZT Systems for $4.9 billion to strengthen its chip and AI hardware portfolio, challenging Nvidia. AMD will pay 75% in cash and the rest in stock. The acquisition will enable AMD to deploy its AI GPUs faster, especially for major cloud computing firms like Microsoft and Meta. AMD plans to sell the server manufacturing business after closing the deal, expected in the first half of 2025. AMD intends to retain about 1,000 of ZT Systems’ 2,500 employees, resulting in approximately $150 million in annualized operating expenses. Shares rose 0.2% in pre-market trading, following a 4.5% gain on Monday.

Nvidia (NASDAQ:NVDA) – Nvidia shares have posted a weekly gain of over 15%, driven by the longest winning streak in five months. Expectations of positive earnings and increased AI demand are exciting investors, despite potential delays in the company’s new chip lineup. Shares fell 0.6% in pre-market trading, following a 4.4% rise on Monday.

HP Inc. (NYSE:HPQ) – HP Inc. shares closed down 3.65% on Monday after Morgan Stanley downgraded the stock from “Overweight” to “Equal-Weight,” citing that many positive factors have already been priced in, and high inflation and interest rates are impacting HP’s revenue, limiting immediate growth.

Uber Technologies (NYSE:UBER) – In Kenya, a price war between Uber, Bolt, and local startups is leading drivers to increase their own fares due to low commissions and high costs. Uber, with low fares, prohibits higher price agreements, but drivers are defying this by negotiating directly with customers, claiming current prices do not cover high costs. The dispute is causing frustration among passengers and drivers. Shares fell 0.2% in pre-market trading, following a 3% gain on Monday.

Sonder Holdings (NASDAQ:SOND), Marriott (NASDAQ:MAR) – Sonder Holdings shares soared 130.53% on Monday after the company announced capital agreements and a partnership with Marriott. With $43 million in preferred shares and $83 million in liquidity, Sonder will integrate its properties into Marriott’s system, enabling reservations through the Marriott Bonvoy loyalty program. Sonder shares fell 13.9% in pre-market trading.

Walt Disney (NYSE:DIS) – Walt Disney decided to take to court a wrongful death lawsuit filed by the widower of a woman who died after an allergic reaction at a Disney Springs restaurant. Initially, Disney claimed the case should be resolved through arbitration as the plaintiff had signed up for Disney+ and used the company’s services. However, Disney now opted to waive arbitration to settle the case in court, seeking a sensitive resolution for the affected family. Additionally, Disney appointed veteran producer Almin Karamehmedovic as president of ABC News. Karamehmedovic started at ABC News as a freelance video editor in 1998 and was the executive producer of shows like “World News Tonight with David Muir” and “Nightline.” Shares rose 0.1% in pre-market trading, following a 1.7% gain on Monday.

Live Nation Entertainment (NYSE:LYV) – Attorneys general from about 26 U.S. states are seeking treble damages against Live Nation Entertainment and its subsidiary Ticketmaster, accusing them of monopolizing the live concert market and illegally inflating ticket prices. Ten additional states joined the original lawsuit, bringing the total to 39 states and the District of Columbia.

Kroger (NYSE:KR), Albertsons (NYSE:ACI) – Kroger sued the U.S. Federal Trade Commission (FTC), seeking to block the $25 billion merger with Albertsons from being reviewed in the FTC’s internal court, which Kroger deems unconstitutional. The company wants the case decided in federal court, arguing that the FTC’s internal process is illegal and could delay the merger for years.

GoPro (NASDAQ:GPRO) – GoPro announced it will cut 15% of its workforce, about 139 employees, as part of a restructuring plan to reduce operating expenses. The company expects to incur charges between $5 million and $7 million, with layoffs occurring by the end of 2024. Shares closed up 5.7% on Monday.

Amer Sports (NYSE:AS) – Since its February debut, Amer Sports shares have fallen to be the worst among IPOs over $1 billion in the U.S. since 2022. With a slowdown in China impacting sales, Wall Street expects Tuesday’s financial results to show improvement, with analysts optimistic about demand for its Arc’teryx brand. Shares rose 3.6% in pre-market trading, following a 7.8% gain on Monday.

Pilgrim’s Pride (NASDAQ:PPC) – The U.S. poultry processor agreed to pay $100 million to settle allegations of conspiring with competitors to reduce payments to chicken producers. This settlement, the largest in a seven-year antitrust case, still requires court approval. Pilgrim’s Pride denies wrongdoing.

JPMorgan Chase (NYSE:JPM) – According to JPMorgan, European companies that relist in New York tend to have better valuations, partly due to the large number of passive investments in the U.S. Companies like CRH, Ferguson, and Linde have reduced their discounts relative to American competitors by an average of 15% after the move, benefiting from a deeper market and a broader investor base.

Goldman Sachs (NYSE:GS) – Goldman Sachs hired Matt Beitzel, former head of bank coverage at Citigroup, for its financial institutions group. Beitzel, who will start in November after a sabbatical, will lead deals involving banks and financial services firms in the Americas. He has over 20 years of experience in the field.

Icahn Enterprises LP (NASDAQ:IEP) – Carl Icahn and his firm, Icahn Enterprises, agreed to pay a $2 million fine to resolve allegations that they failed for years to disclose that most of the firm’s bonds were pledged as collateral for personal margin loans. The SEC investigation was triggered by accusations from Hindenburg Research, which Icahn denies.

Deutsche Bank (NYSE:DB) – Gavin Black, a former Deutsche Bank trader, settled a $30 million lawsuit against the bank, claiming his career was ruined after being falsely implicated in the manipulation of the London Interbank Offered Rate (Libor). Black, whose conviction was overturned in 2022, accused the bank of scapegoating him to reduce its legal liabilities. Shares fell 0.1% in pre-market trading.

American Express (NYSE:AXP) – American Express is trying to expand its presence in Africa, where cash still dominates payments. The company is persuading hotels, restaurants, and tourist destinations to accept its cards. Recently, Amex partnered with local banks and processors, aiming to have 75% of merchants accept its cards.

Electra Battery Materials (NASDAQ:ELBM) – Canada’s Electra Battery Materials received $20 million from the U.S. to build a cobalt refinery in Ontario, the only one in North America dedicated to electric vehicle batteries. With a total cost of $250 million, the project in Temiskaming Shores aims to strengthen the EV supply chain and reduce dependence on Chinese production. The company, with a market value of about $28 million, had paused the project due to rising costs and falling cobalt prices, predominantly processed in China. Electra has already received C$ 5 million ($3.7 million) from the Canadian government and is seeking more financial support. Shares fell 15.2% in pre-market trading, following a 48.8% gain on Monday.

BHP Group (NYSE:BHP) – The recent six-day strike at the Escondida copper mine in Chile resulted in a favorable agreement for workers, who received a bonus larger than initially offered by BHP. This outcome could influence future negotiations, especially at other Chilean mines where unions are also pushing for better wages due to high copper prices. Shares rose 0.2% in pre-market trading.

Andersons (NASDAQ:ANDE) – Andersons appointed Bill Krueger as CEO to lead the company through a period of weak agricultural markets. Krueger, former COO and CEO of Lansing Trade Group, will succeed Pat Bowe, who will become chairman. The move aims to expand the company’s grain and commodities business, which faced a 30% revenue decline in the second quarter.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94412341/berkshire-reduces-stake-in-bofa-hawaiian-airlines

Have a APPLICIOUS weekend, fellow admirers of the delicious 🍎 fruit.

$$ AAPL $$

Apple Card again named best in customer satisfaction by J.D. Power
Thursday, August 15, 2024 1:01 pm
6 Comments

Apple Card has again been named the Best Co-Branded Credit Card for Customer Satisfaction with No Annual Fee in the J.D. Power 2024 U.S. Credit Card Satisfaction Study, marking the fourth consecutive year Apple Card and issuer Goldman Sachs have been awarded a No. 1 ranking in their segment in the U.S. Credit Card Satisfaction Study. The J.D. Power U.S. Credit Card Satisfaction Study measures overall customer satisfaction based on performance across various categories, including Account Management, Customer Service, and New Account Experience.

Introduced in 2019, Apple Card was built with users’ financial health in mind. Apple Card has absolutely no fees and is designed to offer users an easy and secure way to track purchases and manage spending from Wallet while receiving up to three percent Daily Cash on every purchase. With Apple Card Family, users can also share an Apple Card account with anyone added to their Family Sharing group. Users can also open a Savings account through Apple Card and choose to have their Daily Cash automatically deposited there, allowing users to get even more value from their Daily Cash. Savings comes with no fees, no minimum deposits, and no minimum balance requirements, and also allows users to transfer additional funds from a linked bank account to further grow their savings.

MacDailyNews Take: More information and terms about Apple Card are available at apple.com/apple-card.

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https://macdailynews.com/2024/08/15/apple-card-again-named-best-in-customer-satisfaction-by-j-d-power/#google_vignette

Apple’s $0.25 per share dividend is payable on August 15th
Thursday, August 15, 2024 9:10 am
1 Comment

Apple distributes its quarterly dividend of $0.25 per share to its common stock (AAPL) shareholders on August 15th.

While the company didn’t re-initiate dividend payments until relatively recently — August 16, 2012 — compared to some of its peers, it has rapidly established itself as a dividend-growth stock.

The dividend, while modest in comparison to Apple’s overall market capitalization (currently $3.371 trillion), represents a significant cash injection for individual investors and institutional shareholders alike. With a consistent history of dividend increases, Apple has established itself as a reliable income-generating stock.

For many investors, dividends are a crucial component of their investment strategy. They provide a steady stream of income, regardless of stock price fluctuations. Apple’s consistent dividend payments have increased its appeal as a core holding in diversified portfolios.

It’s important to note that while the dividend payment itself occurs on August 15th, investors must own Apple shares before the ex-dividend date: shareholders of record as of the close of business on August 12, 2024.

Apple’s dividend policy is just one facet of its broader financial strategy. The company has also been actively repurchasing its own shares, a move that can boost earnings per share and potentially increase the stock price. This combination of dividends and share repurchases has solidified Apple’s position as a cash-rich company that is effectively managing its capital allocation.

While the $0.25 per share dividend may seem small in the grand scheme of Apple’s financial performance, it represents a tangible benefit to shareholders and reinforces the company’s reputation as a stable, consistent, and profitable investment.

MacDailyNews Take: Happy Dividend Day, Apple shareholders!

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Apple gears up to distribute $3.2 billion to shareholders
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https://macdailynews.com/2024/08/15/apples-0-25-per-share-dividend-is-payable-on-august-15th/

Applets and cotlets for all believers.

Easy pickin’s, imho.

$$ AAPL $$

Up a lot today

Have you considered Apple went up so much it became too high a percentage of Berkshire’s portfolio. Investment advisors tell their clients they need diversity. Too many eggs in one basket maybe?

Apple $AAPL with the most bearish flow today
By: Cheddar Flow | August 13, 2024

• $NVDA with the most bullish flow again today

Not even close

What's new?



Read Full Story »»»

DiscoverGold

Foxconn adds an extra 50,000 workers for iPhone 16 assembly
Friday, August 9, 2024 9:06 am
1 Comment

Major Apple assembler Foxconn has hired around 50,000 new workers in “iPhone City,” its Zhengzhou factory in China, local media including China Business News reported on Thursday. This annual recruitment drive comes as the massive assembly campus ramps up production of the iPhone 16 lineup, due within months.

Kim Eun-jin for BusinessKorea:

Late in July this year, Foxconn posted recruitment information on major job sites and social networking services (SNS) platforms, offering an increased hourly wage of up to 25 yuan [US$3.49]. Additionally, the Zhengzhou factory has offered bonuses of up to 7,500 yuan [US$1,046.11], a notable increase from the 6,000 yuan [US$836.89] bonus offered a month earlier.

The period from August to December is considered the peak season for iPhone shipments, and Apple has set an ambitious shipment target of 90 million units for the iPhone 16, a 10% increase from the previous year. Bloomberg reported that the shipment volume of the iPhone 15 in the second half of last year was around 81 million units.

Foxconn’s Zhengzhou factory is known as the world’s largest production base for iPhones, and the recent hiring spree underscores the company’s commitment to meeting Apple’s increased shipment targets.

MacDailyNews Take: It’s literally a city dedicated to assembling iPhones!

And, no, we never forget:

The iPhone is going to be nothing more than a temporary novelty that will eventually wear off. – Gundeep Hora, CoolTechZone Editor-in-Chief, April 02, 2007

https://macdailynews.com/2024/08/09/foxconn-adds-an-extra-50000-workers-for-iphone-16-assembly/

We don’t need old tired Warren. We bought his dump and will party for years on it.

~bought the 8/16 $235 @.06c Berkshire still holding 20% in portfolio still its biggest holding

Think this will be overturned on Appeal. Lina Khan has a horrendous track record and she thinks every U.S. tech company is a monopoly. Will be interesting to see.

Even if this stands, it won't go into effect until 2026. Cook will probably find other revenue sources by then or ways around it. He's no innovator, but he knows how to make money.

$AAPL Insider: General Counsel of Apple, Katherine Adams, sold over $20,000,000 in shares on Monday
By: TrendSpider | August 8, 2024

• $AAPL INSIDER CASHING OUT.

General Counsel of Apple, Katherine Adams, sold over $20,000,000 in shares on Monday.

This was her first time selling since early April.



Read Full Story »»»

DiscoverGold

Easy money…….gotta have some foresight !! Timing helps, too…… lol.

Wedbush ups Apple target price to $285
Wednesday, August 7, 2024 8:58 am
1 Comment

Daniel Ives of Wedbush Securities this week reiterated an Outperform rating on Apple stock and increased his price target to $285 from $275.

Fahad Saleem for Insider Monkey:

“Apple Intelligence rollout has already begun with developers who will significantly enhance app capabilities as the company staggers the launch of its new AI feature along with its OpenAI partnership which Apple expects ChatGPT and all other features to be integrated into the iPhone and other devices by the end of the year. We believe AI technology being introduced into the Apple ecosystem will bring monetization opportunities on both the services as well as iPhone/hardware front and adds $30 to $40 per share,” Ives said.

Baird analyst William Power said in a note that he estimates a whopping 95% of iPhones in the world will need an upgrade at “some point” to take advantage of Apple Intelligence. The analyst mentioned lower upgrade rates at AT&T and Verizon, suggesting consumers might be waiting for AI-integrated smartphones. Based on this catalyst, the analyst upped his fiscal 2025 iPhone estimates by about 20 million units, now projecting iPhone revenue to reach $216.1 billion, a 9% year-over-year increase, surpassing the consensus estimate of 6% growth. Apple is expected to generate $418.1 billion in full-year revenue and $7.30 per share in earnings, up from previous forecasts of $394.6 billion and $6.73 per share.

MacDailyNews Take: Buy low. Sell high.

https://macdailynews.com/2024/08/07/wedbush-ups-apple-target-price-to-285/#google_vignette

In 2022 alone, Google paid Apple $20 billion to cement its illegal monopoly
Tuesday, August 6, 2024 9:00 am
7 Comments

Alphabet subsidiary Google is “a monopolist, and has acted as one to maintain its monopoly” in violation of Section 2 of the Sherman Act, Judge Amit Mehta of the U.S. District Court for the District of Columbia ruled on Monday, August 5th.

Jonathan Guilford for Reuters:

Google now shares an ignominy with Microsoft. Judged by the same legal yardstick, Alphabet’s web search colossus is a monopolist just as the software developer was deemed to be in 2001. It might also suffer a similar fate.

Regardless of the remedies, which will be determined later, the victory is a significant one for Jonathan Kanter, the U.S. Department of Justice antitrust chief, and his counterpart at the Federal Trade Commission, Lina Khan. Both have filed a panoply of lawsuits against tech giants, and the findings in this case will be an important signal to courts presiding over the others, including another one against Google’s ad-tech business.

Mehta’s opinion also finesses the uncomfortable finding that Google is the “highest quality search engine.” Resources play a part. Google estimated that Apple would need to spend $20 billion to build a similar product and billions more to operate it. The primary concern, however, is establishing ubiquity. In 2022, Google paid about $20 billion to be the default option for iPhone buyers, according to the ruling.

MacDailyNews Take: This is a decade or so too late, but at least it’s finally happening!

As regular readers know, we’ve been talking about this issue for years, as ad revenue dwindled – yet Alphabet/Google magically got richer. We’ve all lost many great sites over recent years as the Google-dominated broken ad-supported model failed. This is the very reason why there are too many ads on the site (cluttered is better than dead).

Candidly, it may be too late for us (but, for now, we’re still trying to survive). This will take many years to be rectified and for the once-vibrant digital advertising model to begin working again for publishers, if it ever happens. If you can contribute a couple buck monthly help keep our very independent Apple-focused blog afloat, you can do so here. Thank you in advance!

Even as we attempt to move away from the ad-supported model, we back whatever remedy or remedies will introduce competition back into the online advertising business, which is broken, in part, because far too much power is concentrated with Google/Facebook. This situation is exactly why antitrust laws exist. — MacDailyNews, February 2, 2021

Imagine if your livelihood depended on one company that had not only monopolized web search (and, thereby, basically controlled how new customers find you), but also controlled the bulk of online advertising dollars which funded your business and which they could pull, simply threaten to pull, or reduce rates at any time? Now also imagine if you believe this monopolist basically stole the product of another company that is the very subject of your business? How much would you criticize the monopolist thief’s business practices?

You might guess that it would be a tough road to walk. (We’re only imagining, of course!)

That would be a good example of why monopolies are bad for everyone…

In the meantime, stop using Google search and Google products wherever possible. Monopolies are bad for everyone. — MacDailyNews, July 14, 2016

If you haven’t already, give DuckDuckGo a try! https://duckduckgo.com

With this unprecedented power, platforms have the ability to redirect into their pockets the advertising dollars that once went to newspapers and magazines. No one company should have the power to pick and choose which content reaches consumers and which doesn’t. — MacDailyNews, November 9, 2017

We’d like to see real competition in the online search and advertising markets restored someday. — MacDailyNews, March 20, 2019

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https://macdailynews.com/2024/08/06/in-2022-alone-google-paid-apple-20-billion-to-cement-its-illegal-monopoly/

Looks like the 94 yo "Oracle" is finally planning for his "retirement." Now is the time to get out of Berkshire.

Right back down

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.”