Apple Inc (AAPL)

Holds a big position. They get the benefit of the doubt when it comes to AI. Their AI presentation last week was vague, but was enough there to keep you interested. If you bet against this stock the past several years, you were on the wrong side of that trade. Also, it isn't spending a lot of money to chase AI. Apple will get there eventually. It will continue to move higher.

Recent event felt like cleaning house, not very exciting. Siri upgrades with Gemini are important. Price runway not all that great. When it gets around $300, he's selling 1-2 week calls to earn some income. 

If you don't already own it, you can buy it here, and maybe ~$280-285; probably won't go much under $275.

AAPL has done in AI what it's always done -- let the other companies spend the $$, and then just take the resulting product. Very smart. Wait and see who makes the better mousetrap, and then score a deal with them. 

Not cheap, very hard for a value investor to buy. However once someone's in their ecosystem, it's like "Hotel California" (you can never leave ;)  You'll pay whatever it costs to stay there. Phenomenal products, each year revenues move more toward services (very high margins). High moat. Recurring cashflow.

Close your eyes, buy, tuck it away for a while. Iconic company that will do reasonably well.

Its 4-year chart shows Apple is now at the top of its trend (analyst target price), meaning that Apple is now priced at its 2027 price target. Take profits and buy Adobe or Mosaic.

No one will switch from Apple products because they were disappointed by today's AI announcement at WWDC. That's silly. Apple will keep improving. Apple is a leader in this stock market.  

It isn't raising billions to develop AI (like its peers are), but is piggybacking on their peers' research. They're probably right to not invest, because the cost of the AI build-out is insane, so can those companies maintain spending? On Monday, Apple holds its Worldwide Developers Conference.

Has been aggressively buying this since last March though stopping now. The Siri app with interface with LLMs and the iPhone 18. The stock is becoming about momentum more than fundamentals.

It's incredible it is keeping up with the market, up 14% this year while their capex is down vs. others going up. Their balance sheet is fortress-like. The iPhone and iPad will be the devices we will use for AI, not others. Deserves this PR. More upside to come.

Is one of the best-run companies ever with great margins and great growth. A recent knock is that they lack innovation. Their googles were a flop and are absent in AI--though maybe they're waiting for the dust to settle before they buy an AI company. Maybe they're positioning with the next era of Apple as they transition to a new CEO.

A dividend pick. Dividend are one of the best, easiest ways to hedge against inflation. This is a dividend grower, increasing each year by nearly 5% annually over the past 5 years. The total return over 3 years is 80%.

Really good opportunity on the AI front. Hasn't missed the boat; by its history, lets other companies do the heavy lifting and then steps in when things are more mature. Then a decade later they own the sector. 

Talk of an AI phone. Changes in management (interesting tell that CEO has a hardware engineering background). Tremendous resources. Generates an unbelievable amount of cash. Yield is 0.36%.

Looks really constructive. Broke out of the bigger downtrend. Long-term leader. Broken out to new highs. Hardware has been outperforming software, and this is one of the showcase examples. Likes everything about it technically. 

Hasn't seen enough of the CEO-in-waiting to decide where his focus will be. Bottom line is that it's an ecosystem and you get locked into. Where do we go from here? Doesn't have AI, but it's not really an AI company.

Wouldn't buy here, but the company isn't going anywhere.

Capex for the quarter was nothing compared to the other guys. The GOAT of companies. Demand for products continues strong. Stock's up today on guidance of double-digit topline growth.

Credit them for not getting into the AI arm race and spending a gazillion dollars unlike at least four peers. Meanwhile, they announced enough cash flow to announce another $100 billion share buyback and increasing their dividend. Also, services revenue came in at a record high and 16% growth, their profit generator going forward. iPhone sales have been surprisingly steady recently. The valuation is high, but can grow into that valuation, say they go into a new hardware phase under the new CEO.