4 ms·

blew it out the park AAPL is up 3% after hours (so $60bn or so)

by surfer7837 5y ago

ant6n 5y ago
It seems most of the incredible performance is already priced in.
- qeternity 5y ago
  Most people don’t understand that bank analysts (the people whose estimates get averaged for every “Apple beats estimates” headline) are complete jokes. Research departments are there to support the sale of bank services, and making management look amazing by having lowball estimates creates good relationship with the IB desks. The markets trade on whisper numbers, which are what people with skin in the game are expecting. This is why you often see a name that beats estimates and drops...it’s because they missed the whisper numbers.
  - microtherion 5y ago
    I doubt that this played a role here. Apple traded more or less flat over the quarter. If there were whisper numbers of even better results than what turned out to be a massively successful quarter, one should have seen the stock price go up significantly over the quarter.
    - qeternity 5y ago
      No, you’re missing the point. The “massively successful quarter” (which it was) is what the market expected. Which is why we traded sideways.
      - ant6n 5y ago
        Or perhaps massive option interest is keeping a cap on the stock. Once they expire, maybe there´ll be a pop.
      - microtherion 5y ago
        So your argument is that the market anticipated the current quarter some 8 months ago? That implies a rather psychic level of prediction.
tedunangst 5y ago
AMD was up 5% last night and finished down 1% today, so don't order your lambo just yet.
- PartiallyTyped 5y ago
  That seems to happen every time with Amd. They post record earnings, exceed expectations and stock tanks 5%.
  - dhosek 5y ago
    It's common for many if not most companies. The guiding principle of buy on the rumor, sell on the news often means that a lot of investors realize gains after a big positive news event driving the price down. There were drops like that, iirc, when Apple announced the change to Intel and I think also the iPhone announcement. The drop is generally short-lived as the long-term investors buy in.
  - scsilver 5y ago
    Its a well know rule to sell on the news.
- Black101 5y ago
  Sell at the news is often a good advice...

blew it out the park AAPL is up 3% after hours (so $60bn or so)

ant6n 5y ago

It seems most of the incredible performance is already priced in.

qeternity 5y ago
Most people don’t understand that bank analysts (the people whose estimates get averaged for every “Apple beats estimates” headline) are complete jokes. Research departments are there to support the sale of bank services, and making management look amazing by having lowball estimates creates good relationship with the IB desks. The markets trade on whisper numbers, which are what people with skin in the game are expecting. This is why you often see a name that beats estimates and drops...it’s because they missed the whisper numbers.
- microtherion 5y ago
  I doubt that this played a role here. Apple traded more or less flat over the quarter. If there were whisper numbers of even better results than what turned out to be a massively successful quarter, one should have seen the stock price go up significantly over the quarter.
  - qeternity 5y ago
    No, you’re missing the point. The “massively successful quarter” (which it was) is what the market expected. Which is why we traded sideways.
    - ant6n 5y ago
      Or perhaps massive option interest is keeping a cap on the stock. Once they expire, maybe there´ll be a pop.
    - microtherion 5y ago
      So your argument is that the market anticipated the current quarter some 8 months ago? That implies a rather psychic level of prediction.

tedunangst 5y ago

AMD was up 5% last night and finished down 1% today, so don't order your lambo just yet.

PartiallyTyped 5y ago
That seems to happen every time with Amd. They post record earnings, exceed expectations and stock tanks 5%.
- dhosek 5y ago
  It's common for many if not most companies. The guiding principle of buy on the rumor, sell on the news often means that a lot of investors realize gains after a big positive news event driving the price down. There were drops like that, iirc, when Apple announced the change to Intel and I think also the iPhone announcement. The drop is generally short-lived as the long-term investors buy in.
- scsilver 5y ago
  Its a well know rule to sell on the news.
Black101 5y ago
Sell at the news is often a good advice...