Now To Check AAPL News -- June 9, 2020

This is huge, absolutely huge, and explains why I said an analyst recently made a rookie mistake when he said Warren Buffett made a mistake by "panic selling" his airline stocks. See "Warren Buffett's Spreadsheet" below. Re-posting from yesterday:

Panic selling: there is an article over at Investor's Business Daily which suggests Warren Buffett took a $2.7 billion loss due to "panic selling" of his equity in four airlines (UAL, AAL, LUV, and DAL).  The journalist makes a rookie mistake in his analysis. I will provide the rationale later if I remember to do so.

AAPL:

The news: okay, here it is -- Apple at its Developers Conference --

• will shift to internal chips
• IBM exits facial recognition
• Apple set to unveil custom Mac chip
• Bollinger Band indicates "bullish stocks"
• Apple gears up to offer services as a bundled package deal
• "Apple Buyers Beware" -- Paul Franke -- contributor to SeekingAlpha -- could his timing be worse?

Now, let's check the airlines:

• UAL: down over 8%;
• DAL: down slightly over 8%;
• LUV: down slightly over 6%
• AAL: down almost 11%;

Chicken: two days ago I went to our neighborhood grocer to buy a chicken to "do" a beer-can chicken. Holy mackerel.

There were only six chickens available, all "organic," and very high-priced, averaging about $18/chicken. Some were priced over $20. I went to another store down the street: a larger selection but pretty much the same story. Are you kidding me. I am aware of Wuhan flu and the chicken shortage story.

Yesterday, I went to Costco. Rotisserie chickens for $4.99.

Amazing.

Our oldest granddaughter says Costco has its own chicken farms.

True or not, think about that.

Now, think about Apple, Inc., making its own computer chips.

But, regardless, I'm curious. Does Costco have its own chicken farms?

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Picture Perfect 

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Warren Buffett's Spreadsheet

Airline	Shr Price: 3/31/2020	Dollars	Shares	Shr Price: June 9, 2020	Total
DAL	28.53	675,000,000	23,659,306	34.08	806,309,148
UAL	31.55	675,000,000	21,394,612	44.97	962,115,689
AAL	12.19	675,000,000	55,373,257	18.24	1,010,008,203
SWA	35.61	675,000,000	18,955,350	38.06	721,440,607
		2,700,000,000			3,499,873,648
AAPL	254.29	10,617,799	2,700,000,000	344	3,652,522,710
					152,649,063
					3,499,873,648
					4.36155924%

Did he fire five shots or six? -- Dirty Harry.

What would you rather be holding today? Airline stocks or AAPL?