Apple Inc (AAPL)

Not inexpensive. Fundamentals show it's an absolute cash machine, over $116B in cash from operations. What they do with that cash will impact its future. Great to own because of firepower of its size, scale, and business model.

An excellent company, but pick your spots in tech. He chose those paying dividends and rapidly growing earnings. Apple makes great products, but it isn't growing its earnings given headwinds in China, in particular. Also, it isn't cheap at a near-29x PE.

Looking at the previous ten-years, APPL outperformed the S&P 500 by nearly 6x. Going into the future, APPL is at a very interesting time with AI looking to be a long-term technology trend along with the upcoming release of the company's VR/AR headset 'VisionPro.' APPL has done a great job adapting to new trends in tech while maintining its market position as a leader and innovator which we believe it should continue to do. We believe that APPL will outperform the S&P 500 in the next ten years while also having intriguing near-term catalysts, but this is of course just a predicition. But, we doubt the next ten years will 6X the S&P as in the last ten. 
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Shares sold off recently on news that shares in China are slumping. But he owns many stocks are that are doing poorly in China, so he can't blame China for Apple's woes. Rather, he has faith in the CEO of Apple and worldwide loyalty towards the brand. Selling is riskier than owning it. Own it, don't trade it.

Hasn't grown revenue, a difficult story. Great balance sheet. Incredible installed base. Wearables and services continue to do well. Great business and company. Backorders will get resolved.

Owns shares in portfolio. Major holder of company. Recent lagging in share price not a concern. Very high margin business. Despite lack of new products, still believes in future of business. Also expecting A.I. growth with technology.

This year so far Apple has pulled back hard, below its 13- and 26-week averages, which is crucial, though above its 40-week (barely). If it falls lower, it would be bad news, unless it holds above $180 by Friday, whereby Apple is a buying opportunity. She says Apple could go either way, be he still says to own, don't trade, Apple.

They're primarily into hardware and trying to move into services, which generates cash flow. His concern is that the iPhone is everywhere, so slower revenue growth. Is an expensive stock. 

Powerhouse, lots of cashflow, great balance sheet. Concern is it's highly centred on iPhone and how well it does. Majority of revenue comes from iPhone, though other revenue streams are increasing as a percentage. Pause in performance against the S&P. Better names with more growth and better valuation. PEG is 2x, not really cheap. He's neutral.

He owns MSFT, it's more interesting, more levers for growth. Bit more EPS growth, a few percentage points higher. Blue chip also. Cloud is doing phenomenally. AI exposure.

AAPL is more a core, blue chip stock.

Never count out Apple. It and other tech stocks bounced back today after last week's sell-off. APPL was down almost 10% from its high. But its  AI, its Vision Pro headset and Apple's services revenue should make people rethink selling this. Shares were up 48% in 2023. 

Lousy start to 2024, but amazing 2023. Criticism includes lack of innovation. Meanwhile, continues to increase customer base. Still so much space to grow on products and geographically. Not cheap, but reasonable for one of the best companies in the world. Foresees share buybacks and dividend increases. He's buying on pullbacks.

Barclay's downgraded this to a sell, noting weak iPhone volumes, Macs, iPads and wearables, even services. Guess what? We've heard this all before. And the Vision Pro comes out soon and could sell.

Issue is not a lot of growth in last few quarters. Wonderful balance sheet, buying back shares. High-margin services are growing, as are the wearables. Where does the next product that's going to change the world come from? That's what people are waiting for. A lot of the business are driven off the iPhone, and the computer side has done poorly. Still likes it, it will come through.