The Apple Page -- Shares Up On A Down Day -- August 17, 2022

ALERT! Every panelist on CNBC's "FAST MONEY" today said to sell AAPL. The chartist went one step further and said sell ALL APPL. Link here.

See disclaimer below.

New products: Apple targets September 7, 2022, for iPhone 14 launch in flurry of new devices. Link here.

AAPL: On a "down day" for the market, AAPL is up nicely. Call of the day: Credit Suisse, target raised to #201 from $166.

• Credit Suisse: previously posted.
  
• Gene Munster: $285 in mid-summer, 2024. 

TGT: a real debacle

• we talked about Target before and inventory control the past six months
  
• buying opportunity? Was this a one-off?
• down 2.5% in pre-market trading and well off its 52-week high
• what TGT does with its dividend will mean much more than its guidance
• but look at this: same-store sales rose 2.6% vs expectations of 2.8%;
• second consecutive significant earnings miss
• net sales: $26 billion vs. $25.84
• comparable sales: 2.6% vs 2.84%
• margins: 21.5% vs 24.2% (as a reminder, AAPL has margins of over 40%)
• operating income: $321 million vs $534.8 million
• EPS: 39 cents vs 73 cents (wow)
• again, inventory control was the big problem
• one wonders: does Amazon have a problem with inventory control?
• profit fell nearly 90% year-over-year 
• earnings expectations missed by 46%

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.