As I watched today’s APPL 10% jump up, it didn’t make a lot of sense, later they announced an additional $100b in US manufacturing, but the rise was before that, and after hours it’s up another chunk… In these times, all good to see, but even the talking heads at CNBC had a tough time trying to explain it…
213.25 +10.33 +(5.09%) At close: 4:00:03 PM EDT
217.70 +4.45 (+2.09%) After hours: 6:16:04 PM EDT
What will tomorrow bring? Product announcements aren’t until September 9th, I believe…
Yeah. A case of excessive exuberance. As long as the tariffs on China and now India remain, Apple’s stock will be depressed. That Apple can move any iPhone manufacturing to the US and not double the cost is pure fantasy. And even if they could, it would take years. The sooner Trump is gone, the sooner Apple can get back to normal.
I personally hate to make statements about politics, but I attributed AAPL’s unexpected jump today to Trump and Cook making nice at the White House today and announcing manufacturing investments. I didn’t see anything else happening.
I also want to be absolutely clear that I pass no judgment politically, ideologically, morally, socially, spiritually, religiously, or even fashionably about anyone involved in today’s announcement. Keep me out of all of that.
I know, but, the $100B was only a boost from the $500B already committed, so I didn’t think that was worthy of this big a bump… I’ll take it in any case!
Agreed, but today’s announcement was accompanied by a White House visit by Cook and a big photo op, which I don’t recall from the earlier $500B.
I don’t believe for a minute that Apple is going to move iPhone production to the US in the next six months or even the next year. Whether Cook can convince Trump of the difficulties of supply, operations, and manufacturing – I remind myself that Trump was a businessman for decades before he ever became a politician – I think the office visit signals to the investment community at least an attempt at rapprochement. Maybe Cook wants Trump to give Apple more time, maybe to win tariff exemptions, maybe to shift manufacturing just enough for the White House to claim an accord, maybe to convince them of the current impracticality of manufacture in the US, whatever.
If Cook’s visit to the WH got us this bump, it’s more than the bump the $500B announcement gave in February, and at less cost. Personally, I find it hard to believe that the current bump can be sustained for long off the images of the photo op, but in light of that bump, I wouldn’t be unhappy if Cook made more visits with them and maybe persuade them of, well, something.
Well, yes, it was definitely a ploy to lose at least some of the tariffs, I’m personally upset that Cook had to play that game with the pedo hisself, but I can’t ever consider him a businessman, other than in his own mind, such as it is… Multiple failures, bankruptcies, etc., there are lists of all this failures, but that’s for other venues… But, we’re rather deep in the blue parts of CA, but also have been keeping up on the daily stuff…
No, I knew it was going to happen, but I avoided the actual event, too sad, sickening.. So irritating, when we know decent folk have to do their job, whatever it takes…
I see the bumpup in yesterdays after hours is holding this morning… We’ve been through deeper dives, like to see it it recover to where we were a while back, but am OK if it takes a while…
Still going up. As much as I hate commenting on politics, I also hate commenting on stock price movement, for superstitious reasons, i.e. that the stock will reverse just to spite me. And only me. (As I type this, I’m wondering if AAPL is butting up against a 230 limit…)
One thing that is holding my attention right now is trading volume. If I’m reading the AAPL chart in macOS Stocks right, it’s currently at 45.49 M shares traded as of midday, while the daily average volume is 54.85 M.
That implies, to me, more momentum in the stock price than I was expecting a day or two ago. I just wish the few technicals I occasionally follow weren’t all backward-looking.
Yes, indeed, the high volumes on these last 3 days is interesting, all I can guess is that funds are diving in, maybe had slimmed down, maybe coming back… Just passed 60M at 10AM Pacific, and on a Friday… And the other markets are up, even Gold, Nearing 3,500, so it is not clear, but I’ll take it…
I’ve been doing some machine learning and getting into random forests, recently, which are built on binary decision trees.
So, I’m going to throw this out there:
If AAPL looks like it’s going to pull back slightly from 230 in the last hour, I’d guess traders are going to take some profits and close today down from the 230 high and trade down into the mid-220’s next week.
If AAPL closes above 230 today, I’d guess it’ll continue growing after hours and maybe into the mid- to low-230’s next week, driven by FOMO among some traders for whom this week’s jump came as a surprise.
It’s interesting that the trading volume peaked just under the first test of 230 today and that the range has been wobbling around 230. It’s a “level”.
I’m looking forward to the 2nd season. Since book 2 is almost exclusively focused on Murderbot, it seems that they are planning on blending books 2 & 3 to keep all of the cast members on board.
If anyone hasn’t read the books, I highly recommend that you do. They are well crafted novellas that can probably be read in a couple of weeks.
Today’s APPL was down all day, not a lot, ~1%, but so was the rest of the markets, indexes, then I look at After Hours, and it has jumped UP. ~3.5%!! No news I can see so far… No announcements I know of.. Ideas? Or just our crazy market??
Almost certain it’s because the 20 billion / year deal with Google can remain in place.
A federal ruling from Judge Mehta says Google can keep Android, Chrome, and its Apple search deal, but it must share search data with competitors.
Google pays Apple a lot of money to be the default search engine on iPhone, in the range of $20 billion. That is set to continue in spite of an antitrust case.
According to a report from CNBC, Google can continue paying Apple for placement as the default search engine. It does affect exclusivity agreements, which must end.
Saw that, didn’t think it was such a big deal, apparently it was, GOOG also jumped up a chunk, too, I see… Have to see where we open, go, tomorrow… Thanks for looking…
