From November 2012 : I don't remember SPX trading under 1000 in 2013, that must have been a rough year for you trading. That $1000 price target was pre-split ( 7 to 1 ) so the stock went over $1600 at one point and even after hours today is at the $1000 level you were making fun of in 2012. Oh no, I've exposed your stupidity again. Not hard really you trot out your ridiculous forecasts expecting market leaders to go to P/Es around 5 or 6 overnight quite regularly. Hell, in 2015 you said the entire SPX was going to be valued at a P/E of 5 or 6 imminently. You just aren't smart enough to STFU and learn from your mistakes.
Speaking of 5 to 6 PE's.... URI (United Equipment Rental) will be a steal tomorrow if it takes out last week's lows. For grandma that is. 3X cash flow. 1X sales. ...as long as interest rates stay low. They are a debt intensive model. Beats Apple though. That's dead money for 8 months at least....no matter where the dust settles.
The only thing I groked from the last Apple upgrade is that it did facial recognition. Actually the worst thing possible. Before to find you they needed you to have your phone with you. Now they only need to be able to find you face. Rumor was that the next generation of Apple products was going to be able to do A hole recognition A bit hard to do make up and such. Who fecks the best? - millennials.
So let it bring down the whole market. Apple is dead money. Who the F cares?! Its a consumer products company. Its overated in the psyche of things. It will take several Q's to prove out their subscription model in the eyes of Wall Street. Show us the money. Until then... That being said... its one f'ing company. Generational wealth opportunities (perhaps) in the next 10 days folks. Pick your poison. America is not going away. Trump will. That's the beauty of it all.
AAPL in 2018 is all relative to the correction in the IT sector and Trump's trade wars that directly hurt AAPL's huge sales in Asia. Writing them off is absurd at this point, just like it was in 2003, 2012, 2014, ... . It's all great to try to be a hero and predict the decimation of the best companies but a group of posters did this last time AAPL hit $90-100 a share and they got thoroughly owned. So there is that to remember
Look... you know heating and air conditioning and I respect that immensely.... but trust me on this.... there are GREAT companies that are gonna be fire sale'd tomorrow. Apple's power over the markets is a complete sham. Just trust me on this ok. Its all a game dude. Trust me.
I don't own AAPL but my observation is their forecasts tend to be rather conservative and they are being hurt by Trump trade policy. The prospect of a resurgence in the stock is quite strong if some trade deals get signed. P/E of 11.65(?) seems cheap but if it goes back to 9/10ish it's a steal. However, I would be in no rush to buy IT right now; I like low P/E stocks in Canada like TD, MG, and HBM ( Americans should buy them in CDN$ at this point ). I like the beaten down Canadian Oil sector and some mining stocks like IMG. Canadian market is out of favor which makes it attractive in an unclear/risky time period. If I had to buy a US based IT firm I'd probably choose GOOG around these levels; strictly a guess.
Update from above posted on January 3rd. AAPL went from 142.19 to 172.79. Based on Jan 3rd closing price, my picks have performed as follows : HBM 6.20 to 8.84, MG 59.57 to 69.53, TD 67.30 to 75.96, IMG 5.26 to 5.06, GOOG 1016.06 to 1121.56. HBM is trending strongly higher with positive news, IMG dropped like a knife then posted strong earnings and recovered now trending strongly higher. Canadian banks and MG strong and steady recovering lost ground in the 2018 correction. Canadian dollar rising slowly which would potentially augment gains for US investors. Tremendous value existed in the Canadian market for investors concerned that US markets are toppy or risky. The inherent risk of any of these plays ( beyond perhaps GOOG ) was quite low relative to many US plays this year. Contrarian investors should have been studying the TSX; energy still depressed but some signs of life on stocks like PD.
I admire and respect you for sticking your neck out to give your opinion. In life you win some and you lose some. Have a good day.