Bank of America upgraded Apple this morning, sending the stock up $4 – $5 in the first good day for the US equity indices in a week. However, let’s take a look at the forward EPS and revenue revisions: First, … Continued
Here is an updated table on Apple’s 2019 and 2020 EPS and revenue estimates following their earnings report: Is Apple acting as a drag on the SP 500 earnings estimate ? * Fwd 4-qtr estimate: $169.13 vs $170.01 from last … Continued
Here is a quick summary of how client’s were positioned in 2018, and what worked and what didnt: Microsoft (MSFT) remains client’s largest position and has been since 2013. A core position was kept in the stock during the last … Continued
Bespoke published a chart on Bespoke last week noting that this is the 4th drawdown in the stock in the “iPhone era”. To highlight the last two longer pullbacks for readers: Sept, 2012: the stock peaked at $100.75 in … Continued
The Top 10 weights in the SP 500 which constitute roughly 22% of the SP 500 by market cap as of Friday, November 16th, 2016, and thus a substantial portion of the index. To try and get some reality … Continued
At 4% of the SP 500 market cap and 10% of the Nasdaq QQQ’s, not to mention the 20% EPS weight (per IBES by Refinitiv), Apple is not a small part of the US stock market. The fact is, Apple … Continued
Apple may throw a life vest to the beleaguered Technology sector this week, with their fiscal Q4 ’18 financial results release after the bell on November 1, ’18. To keep tonight’s post short and sweet, here is how Apple’s EPS … Continued
Here is the expected (and actual) EPS and revenue growth for the Technology sector: Q4 ’19: +11.3%, +5.6% (est) Q3 ’19:+9.6%, +5.6% (est) Q2 ’19: +5%, +4.8% (est) Q1 ’19: +6.8%, +5.1% (est) Q4 ’18: +13.8%, +5.3% (est) Q3 ’18: … Continued
Apple does not report until Thursday, November 1 ’18, but the smartphone giant is the big dog in the Technology sector after the creation of the Communications sector. Per David Aurelio of Refinitiv IBES, Apple’s EPS weight within the Tech … Continued
Since this blog’s last update on portfolio positioning in early July ’18, the weightings of the positions have changed little in the last three months. With the creation of the Communications sector, Technology’s sector weighting has fallen to 20%, … Continued