2 inches high at 100 yards.
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PayPal closed at all time record high. Seems to be getting farther from $1. Just sayin.
PayPal hitting new 52 week highs as I type.
Don’t sweat it. I’ve been informed all the money is fake anyway. I’m donating all of mine.
I donated some of my stimulus money to the NRA. Just saying.
Morgan Stanley Maintains Overweight on PayPal Holdings, Raises Price Target to $131
5/5/20, 7:43 AM
May 5, 2020 08:43 AM ET (BZ Newswire) -- News
Morgan Stanley maintains PayPal Holdings (NASDAQ:PYPL) with a Overweight and raises the price target from $124 to $131.
Copyright © 2020 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com).
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Apple Grows Smartphone Market Share Even As Overall Market Declines At Record Pace
May 4, 2020 04:15 PM ET (BZ Newswire) -- News
The coronavirus pandemic has had an impact on the smartphone market, as reflected by the 11.7% year-over-year decline in overall shipments in the first quarter, according to the International Data Corporation.
Tech giant Apple Inc. (NASDAQ:AAPL), though not immune to the downturn, largely maintained its year-over-year shipment numbers and also grew its market share.
Pandemic Disrupts Smartphone Supply, Demand
Overall global smartphone shipments came in at 275.8 million in the first quarter, marking the biggest year-over-year decline on record, according to the IDC report.
Unsurprisingly, China led the decline with a 20.3% slump. The quarter saw the onset of the pandemic in China and a ubsequent lockdown in the nation to curb the coronavirus. Western Europe and the U.S. were close behind, with declines of 18.3% and 16.1%, respectively.
As the quarter progressed, supply chain issues in China also hurt global shipments, IDC said.
"While the supply chain in China started to recover at end of the quarter, as IDC expected, major economies around the world went into complete lockdown causing consumer demand to flatline," Nabila Popal, research director at the IDC's Worldwide Mobile Device Trackers, said in the report.
See also: Apple's 'China Growth Renaissance' Unlikely To Be Hurt By Coronavirus, Analyst Says
Apple Fares Better Among Top Smartphone Producers
Apple shipped 36.7 million units of smartphones in the first quarter, according to the IDC's estimates.
This represented a mere 0.4% year-over-year drop. The Cupertino, California-based company expanded its market share from 11.8% in the first quarter of 2019 to 13.3% in the first quarter of 2020.
In comparison, South Korean electronics giant Samsung shipped 58.3 million units, translating to 21.4% of the total market. This represents a decline from the 23% share Samsung held in the same quarter of last year.
They said they could come up with a new drug for any virus in two weeks about ten years ago. And they still haven’t, not once.
I know. I just nearly shot coffee out of my nose when I read it. It’s a variation of all the agreements they pr’d in the past.
ROFL! Told ya do. This is one of their oldest stock selling techniques. I can’t tell you how many times I’ve seen variations of this press release over the years. At least 5 times or more and nothing has ever actually come out of one.
NewMoney Member Level Tuesday, 04/21/20 04:04:33 PM
Re: None 0
Post # of 143528
They should announce an agreement with a lab to test their cure for all known coronavirus strains as soon as they make one. This tactic was always good for a few more stock sales in the past. They’ve had labs not test everything for aids to ebola quite successfully.
PayPal stock price target raised to $140 from $115 at KeyBanc Capital
Texas is supposed to be kind of an if we can win anywhere it’ll be in Texas situation. I can’t wait to find out.
Newmoney: Apple will surprise to the upside because of growth in services.
Apple: our better than expected results were in a big part due to growth in services.
Cause: Using DD as a substitute for Apple derangement syndrome.
Effect: Being correct.
LOLOL
Warren Buffett says the economy will overcome coronavirus: ‘Nothing can basically stop America’
Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.
“Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American miracle, the American magic has always prevailed and it will do so again.”
https://www.cnbc.com/2020/05/02/warren-buffett-says-the-economy-will-overcome-coronavirus-nothing-can-basically-stop-america.html
GOD BLESS AMERICA!
The stock is $289. I could rack my brain trying to figure out why it didn't plunge to a penny or I could make money on it rallying with the rest of the market. Plenty of volatility left, patience is a virture.
Occams razor.
And yet the stock is $289.
And despite all that preposterous nonsense, Apple has Been participating in the v shaped rally with the rest of the world instead of plunging to one cent.
Seems I remember it was going to be under $100 by now. LOL
Your premise requires all those unemployed people to stay that way. They will not.
Probably correct. Volatility is here for a while. Apple will be $350 also. I never try too hard to guess when. Although quick options bets always keep the boredom at bay.
Why Big Tech Is Beating the Market. 5 Things We Learned from Earnings. -- Barrons.com
5/1/20, 6:36 PM
In just three days over the past week, the five largest tech companies -- Microsoft, Amazon.com, Apple, Alphabet, and Facebook -- all reported earnings. They also happen to be the five largest companies in the S&P 500, so the results mattered -- a lot. The news was better than feared, though plenty of questions remain.
Here are my five takeaways:
What bear market? While the S&P 500 was still down 10% year to date through Thursday's close, the tech-heavy Nasdaq Composite is basically back to flat. Most of the credit goes to the tech giants. In April, the S&P 500 rallied 12%, and big tech still managed to outperform, led by gains of 23% for Facebook (ticker: FB) and 27% for Amazon (AMZN). As I wrote in mid-March, all five of these companies will exit the crisis stronger than they began. They have sterling balance sheets, dominant market positions, and smart management. The crisis is only accelerating their lead.
Apple has 550 million subscribers to various services. Microsoft's (MSFT) Azure cloud is growing revenue at nearly 60% a year. In just a few weeks, Amazon hired 175,000 people. And Facebook just hit 3 billion users -- nearly 40% of the earth's population. The big are getting bigger.
Better than advertise d. Digital advertising was one of the primary worries for the internet sector heading into earnings season. Airlines, hotels, retailers, restaurants, and movie studios -- all large online ad buyers -- have little reason to promote themselves, while small businesses are focused on conserving cash. The quarter's biggest surprise was that Google's parent Alphabet (GOOGL) and Facebook both said that advertising demand had stabilized in April.
Pivotal Research analyst Michael Levine, who had been deeply bearish on Facebook, was so shocked that he backed away from his Sell rating, upgrading the stock to Hold. Results, he said were "far better" than anyone had anticipated. He says that weakness in sectors such as travel and small business were offset by strength in direct-to-consumer retail brands, technology, and gaming. Both Facebook and Alphabet warned that risks remain, that the June quarter would be tougher, and that extrapolating from April is risky. But, for now, online advertising is proving more resilient than expected.
Backing buybacks. In previewing Apple (AAPL) earnings this past week on Barrons.com, I noted that Apple was likely to announce a new buyback plan. One reader sent me a handful of emails doubting that Apple would double down on stock repurchases, noting that they have become a political hot potato. In fact, much of the corporate world has suspended buyback programs. But not big tech.
Alphabet bought back $8.5 billion of stock in the quarter, a record quarterly haul; Microsoft repurchased $6 billion, and Apple bought back $18.6 billion, while raising its dividend 6%. Apple also announced a $50 billion buyback program, on top of its existing $40 billion authorization. Investors want repurchases, and I would defend the companies' right to make them. They're still hiring people, they spend freely on research and development, they have ample cash, and they continue to generate lots more. None of them is taking government stimulus dollars. Why shouldn't they buy back shares?
In search of guidance. At this point, I'm not sure why some companies are still providing guidance. Apple pulled back its forecast in February, and every analyst overcorrected. The company ultimately beat the consensus revenue estimate by almost $4 billion.
Microsoft had also warned that its original forecast for its PC segment would be too high. The warning proved unnecessary. That segment's revenues were right in line with the original prediction.
For now, there is no winning anyway. Intel (INTC) pulled its full-year guidance and got punished; Advanced Micro Devices (AMD) bravely issued a full- year outlook, but it was below its previous forecast, so its stock was punished, too. This past week, Apple decided not to give guidance for its June quarter. Investors might not have liked it, but the fact is no one knows what's coming.
June swoon? It's good news that big tech did better than expected in the March quarter. But let's remember that it was mid-March or later before the shutdowns really started. The economic pain didn't hit full force until the current quarter. Amazon says it could be breakeven or worse in the June quarter, as the company ramps up Covid-19 related spending. Apple says that iPhone sales will be materially worse. The ad recoveries at Facebook and Alphabet are nice, but year-over-year comparisons in June are going to look worse than March's. Microsoft's cloud business looks strong, but the company won't be insulated from a deep recession. No one will be. So it's fine to breathe a sigh of relief over the first quarter. But keep your mask on; we're not done yet.
Write to Eric J. Savitz at eric.savitz@barrons.com
(END) Dow Jones Newswires
Golly, I wonder why they overlooked NNVC and went with gileads remdisavir? They must be controlled by the cabal.
Why is it going up instead of down? HA! Just messin’ with ya. It’s the close that we watch. We won’t know which way it went until the close.
Good luck to everyone! Got to go out on the deck and social distance with my grill. Not even watching today. Checking back EOD.
Looks strong out of the gate.
Read explanation here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155360901
You actually won’t know which way it went until tomorrow’s close.
Totally ok for them to do, they are using them to screen their own employees on the way into their buildings. That makes it a private sector purchase because Mr Bezos is using them to protect his business and his employees.
ROFL. Well, it’s important be able to call someone when you get evicted and then be able to watch Apple TV while you wait for the ride. It’s how we roll.
Looks like I’m not the only one that used some of my my stimulus money to buy a new iPad Pro (second generation) and add Apple TV service. He heee.
As called.
Apple CEO Tim Cook "Despite COVID-19's unprecedented global impact, we're proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables"
The emu customizes you vplm losses so you only hear what he needs.
I believe earnings will not be as bad as some apparently expect but they may guide down or pull guidance like we’ve seen others do this season. It’s hard to call the immediate movement from earnings so I’m not trying to play that. Even with good earnings the stock could pull back because it’s rallied into earnings.
I’m looking down the road a ways like I should be, that’s why I sold shares near the top and added them back on the way down.
Short term you could see volatility. Apple will climb to new highs. You pick the options.
Out second block of puts for even larger gains. Huge option trades make up for missed upside. Sweet. No position at this time.
Preposterous hindsight bottom buy/top sell theoretical non existent trades are meaningless. The sad truth is this stock selling scheme has devastated buy and hold stuckholders.
I think a combination of fundamental and technical investing works best.
Yes. Many forget the market is forward looking. Buying when there’s blood in the streets is also a good idea as long as what you’re buying will survive. Made a killing buying banks in the financial crisis and selling them when everyone was happy again.
That almost always works very well.
True enough.
Conference call.
http://mmm.wallstreethorizon.com/u.asp?u=174639