Down goes the Dow

Apple reported earnings after the bell. Here are the results.

Earnings: $1.88 vs. $1.94 expected
Revenue: $117.15B vs. $121.10B expected

Afterhours shares gave back gains on the day, bouncing around at about flat on the day overall at the moment

now we're backwards from today....

tech stocks down 2% after hours, value stocks flat.

this business....

I'm seeing still solidly up for the day, with my tech ETF currently +1.3% on the day and Naz.100 up a solid +2.10 % on the day. Yes, they are off the highs for the day, but after a run-up of a few days, that's not bad.

Cat is now out of the bag and it's not so bad - holding onto gains accrued over the last few days and since JP disinflation rally, and I'll take that, gladly.

Man, really kicking myself. I bought Meta on the way down way back when it was around 210... Averaged down some when it was around 165 to bring my average cost per share to about 200 but was out of money and felt like I was already overstrung and never bought anymore. Talk about timing the market wrong. It's up over 100% since November, yet I'm still at a net loss.

That really has wings,

I did similar with Netflix, having sold my shares when it was near the bottom last year, and it rose ever since. My logic was I wanted out before I started losing money on it (which I didn't). I hate selling and then watching something go up, all the while fixating on the gains i missed out on.

If the company had passed on buying back 500,000 shares the earnings miss would be another 10 cents. Where’s the great growth company? Died long ago.

Gee, that's funny - I thought you've been saying that the consensus estimates were just conjecture, and therefore insignificant. Are we to understand then that they are only significant when the company misses?

Don’t show this chart to those buying AMZN at an 88 PE and thinking they’re getting a bargain:

You do not understand this. Companies guide analysts to a 30” Hurdle (women’s 400 meter hurdle height) and clear a 42” Hurdle (men’s 110 meter hurdle height). So it is a game to boost share prices. Has absolutely nothing to do with anything other than supporting the share prices. In this case, Apple missed an already lowered hurdle. On par with past practices, the company ginned up the “earnings” call. Tim Cook owns analysts and their company’s business, using small investors as tools. The insiders get their wealth from stock options, so the motivations are very strong. And, it is never enough. Sad, but true.

No longer a growth company. Now a revenue beast.

Well, all small plays but I legit bought the bottom back in Oct in SP500 at 3600. Too bad I didn’t do more.

Sold the local tops on PFE, XLE, UAL.

Hopefully we get close to the lows so I can buy in more.

Bitcoin def will hit 30k before dropping back down

He deletes it all the time. There is a Twitter user that archives it. Not sure if you noticed, but China made some big advances towards Taiwan as well and sent a spy balloon over our missile silos. Are you prepared for WWIII with Biden in control?

Now that is a scary thought. Especially since the corrupt old fool has gotten rich off China.

Yes, $4.6 Billion less than a year ago.

interesting stuff going on. As usual.

Huge burst of economic activity in the jobs report...but there are weird seasonal holiday patterns that mess up these numbers.

But anyway, the market doesn't like the strong labor market because it could be inflationary and higher rates hurt expensive stocks.

But I've been buying small caps with PEs around 10...if you avoid the big techies you don't have to own expensive stocks. I'm hoping that the strong economy will help these small cap companies while not hurting their share price because they are already cheap.

apple shares now up - wild stuff.

I told you that I had a hunch that would happen: as I said yesterday:

"Yes. I think the issue with china and their covid travails have been so widely publicized and the impact on Apple's suppliers and fabricators already felt, that the impacts on their bottom line may be priced in already nd won't be a surprise, should the numbers be less than stellar.
Okay, my hunch is that it will be used as reason for some selling and profit taking, but will rapidly be pounced upon by longer term investors to load up, thereby reversing a short term selloff."

Amazon not doing as well, though,

ARKK and GME up as well. Pretty sure that is the all clear sign.

forgetting something??? (Hint: stuff of that dude in the Bahamas with the Stanford prof. parents).