Fast And Furious -- Fifteen Minutes -- Apple Vs AAPL --  -- August 21, 2020

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

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AAPL

P/Es (yes, I know these are trailing earnings and current pricing based on forward prospects):

• AAL: N/A
• GE: N/A
• MRNA: N/A
• F: N/A
• TSLA: 1,077
• AMZN: 126
• NFLX: 83
• AAPL: 37
• MSFT: 37
• FB: 32
  
• TGT: 29
  
• GM: 27
• JNJ: 27
  
• WMT
  
• DE: 22
• MDU: 12
• INTC: 9 (are you kidding me?)
  

Since the split announcement:

• Since the incredible run-up of AAPL, the P/E of AAPL has only risen from 35 to 37. 

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Apple, Inc.

iPhone 12: this is simply incredible. If this is accurate, it will blow folks out of the water, as they say.

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Fast Money, CNBC

One of the four talking heads said he sold his AAPL after the earnings announcement (and just before the price of AAPL surged -- AAPL gained $100/share since the earnings call). By the way, that earnings announcement was one of the most bullish earnings announcements I had ever heard. Why anyone would sell after conference call is beyond my imagination.

One of the talking heads said he preferred Microsoft because it was a better "enterprise" company. Whatever that means. Remember: Microsoft and CNBC are joined at the hips.

The most resonating comment came from Ms Finerman, saying what most mom-and-pop holders of AAPL are thinking, including me:

• don't know what to do with their gains;
• she expects a pullback so she would like to sell to take some profit, and then get back in, but
• she doesn't expect the spread between selling now and buying later will be wide enough to offset the taxes she would owe, [and that's assuming there is a pullback], so,
• she plans to hold.

The most ridiculous comments regarding AAPL: all are still obsessed with the split. Continuing to remind us that the split adds no "intrinsic" value. Again, the moderator never asked if investors prefer "reverse splits."

Almost as ridiculous was this comment from a guest who manages a mutual fund: she said they had been "cautiously" selling AAPL since Monday because they felt AAPL was getting a "bit pricey." She did not mention that the P/E from Monday to Friday, for AAPL, hardly moved, maybe from 35 to 37 at most. What in the world -- or better said -- how in the world are they valuing AAPL if they don't pay attention to the P/E and if they don't even mention the biggest thing yet coming down the pike, as they say: the iPhone 12? 

The iPhone 12 is going to be an incredible phone, the best phone ever, and it's going to fly off the shelves. Has anyone paid attention to the amount of money folks have in their savings and checking accounts? Previously posted: folks are not buying much gas; not buying (m)any airline tickets; not going out to eat (at all, in some cases). Think of all the money parents of college-bound students will save with no transportation costs to and from school and no room and board. What these college students will need/want: a new computer and a new phone. Made by the same company. With an  symbol.

Remember: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

Another reminder (too late now, I suppose): date of record for 4 - 1 split -- Monday, August 24, 2020, or at least that's what I'm being told. I have not fact checked that.

Disclaimer: in these "fast and furious" notes, there will be more typographical and content errors than in "normal" posting.