It's quality on sale, though has disappointed this year. Expects unit growth and margin to expand. 

It's a great company, because monetizing AI though Copilot adoption is early.

Trades at 9x PE, pays a 6% yield, and a new CEO by year's end could unlock value.

This is thuggish behaviour with Trump telling Apple, "Pay up." And now the negotiation comes. Tim Cook will have to pay it, whether through lower gross margins for example. Remember that Trump needs to pay for the tax cuts he just passed. The world knows now that the U.S. won't cut spending, and Trump needs to find money--squeezing everybody he can squeeze. Expectations needs to decline for Apple. In recent years, Apple's growth has slowed and their AI hasn't come out as hoped (and they may not get AI right), but as the US market goes, so will Apple. That said, the difference is Apple's services which boasts wide margins, and Apple has a history of catching up the latest innovations. When money flows into markets, it flows into Apple.

Investing 101: Think in terms of years, not months or quarters

This one is so important and probably the one that gets ignored most often by investors. No one wants to wait 5 or 10 years to see their portfolio providegainss. We want it all now. Unfortunately, patience is key in a portfolio. Set up a structure that makes sense for the long-term and don't change it unless your situation sees a material change (or if it was inappropriate to begin with). 

Markets take time to generate returns and compounding takes decades to have the true power of compounding returns felt. It will be worth it though. 

Similarly, companies do not execute a strategy in three month periods. It takes years to change a large company and for its strategy to be fully rolled-out, so an investment in a company should in-turn be viewed in a matter of years and not quarters.
Unlock Premium - Try 5i Free

Hitting record highs, and his firm thinks it's going higher. There's been an American exceptionalism trade on for more than a decade, and some of the lustre's coming off. Capital is returning to other regions of the world, including Canada. 

Canada's uniquely advantaged by having one of the largest index weights in gold of any developed market in the world, and gold's been doing very well. That and a number of other factors under the hood advantage Canada, not the least of which is still a wide valuation disparity between our market and the US market.

With oscillators, you have to be careful that you don't miss the forest for the trees. Breakouts are the most important thing. It all comes down to charts. Oscillators are just a side tool to help refine your trades.

Investing 101: Excessive trading creates transaction and taxation costs that are hard to overcome

Tax drag can be significant. Trading in a portfolio means an investor not only needs to be right by calling 'the top' on the stock they are selling but also be correct on the next investment they purchase and finally have that investment be so good that it overcomes the potential taxable gain created when the initial investment was sold.

This sets up a high bar for investors that trade a lot in their portfolio.
Unlock Premium - Try 5i Free

Today, stocks slid as treasury yields rose. The budget deficit is front and centre now. When we finish budget negotiations to result in a bill, people will focus on Trump's promised tax cuts should be great for growth. The bill is inflationary, but will juice the whole economy. We will grow our way out of the deficit. The bond market will calm down.

In classic computing, programming is done with 0s and 1s. Quantum computing lets you do things with 0s, 1s, and a whole bunch of things in between that are called qubits. They allow the computer to run a lot faster and, therefore, to do higher computational things.

He's brought in a bullseye chart to help explain the ecosystem. The bullseye is the hardware, which provides the essential computational foundation needed for quantum calculations. Second circle is the software and algorithm development side -- translates hardware capabilities into actionable software solutions. Finally, you have the applications that deploy the software solutions to specific industries and sectors.

With qubits you can do faster computations and more of them. For example, a lot of medical experimentation is a series of tests and misses. If you can do this faster than you could before, you can shorten the timespan of finding the right computation to reach a medical solution. Another example would be supply chain logistics, and computing the most efficient route more quickly.