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Compiling comments that experts make about stocks while on public TV.

Apple Stock Symbol: AAPL-Q

Notes:PC Mnfctr

Last Price Recorded: $109.9500 on 2016-12-06

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Date Signal Expert Opinion Price
2016-12-06 PAST TOP PICK Brian Acker, CA

(A Top Pick Dec 8/15. Down 5.17%.) His model price is $141.30, a 30% upside. Thinks this is just going to mosey about. Expects it will trade back to $94.50. This is going to be a beneficiary of higher valuations and higher stock prices as the US$ goes up.


Price:
$109.950
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2016-12-05 COMMENT Stephen Groff

The medium term concern is that they have to make a transition to making money from not just one device.  They will face margin compression.  The stock is not expensive.  They have a rock solid balance sheet.


Price:
$109.110
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Yes
2016-11-30 COMMENT Gordon Reid

Holding 10% in a portfolio. Cash out? 10% is pushing it in terms of concentration. He would prefer about half of that in a 20-stock portfolio, and would recommend taking a little off the table.


Price:
$110.520
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2016-11-29 COMMENT Paul Harris, CFA

A cheap stock. It is a great company, because it has lots of cash, a great installed base, and continues to come out with new forms. Their Cloud and services business will continue to grow. You are not paying a lot for this.  Expects they will continue to increase the dividend. A little bit of an issue is with Trump wanting manufacturing to be done in the US, so phones will cost a lot more. Trading at 12X forward earnings with a dividend of 2%.


Price:
$111.460
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-11-29 COMMENT John Petrides

Likes this at the current valuation. He had been a bear on it ever since the watch came out. Apple has been given 2 gifts. Samsung Galaxy 7 was a really strong product, and would have been tough competition for iPhone 7, an evolutionary, not revolutionary product for Apple. When Samsung’s phones started catching fire, that was it for them. The 2nd gift was president elect Trump. If he is able to open up a tax holiday, where companies can repatriate their offshore cash, that is going to be a home run for this company. They have $236 billion in cash, with about 90% of it held offshore. 2017 will be the 10th anniversary that the initial iPhone was produced, so expect a huge product from this company at that time.


Price:
$111.460
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2016-11-28 HOLD John Stephenson

(Market Call Minute.) One of those value tech companies. It is hard to see where the growth comes from.


Price:
$111.570
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH
Owned:
Unknown
2016-11-25 COMMENT Jon Vialoux

Technology in general tends to do well from October through to January. There are some technical concerns on this. Even though we are in the period of seasonal strength for technology, this really hasn’t benefited with the other economically sensitive names, post the Trump election rally. There was a trend break, and it is starting to curl over again at about the 50-day moving average. The market is telling you that that intermediate level of resistance is going to hold, and could potentially turn lower.


Price:
$111.790
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
Unknown
2016-11-22 COMMENT Matt Kacur

Not a fan right now. They peaked their ROC in 2012, which was 30%. With the trailing 4 quarters, the ROC is 15%, so the ROC has been cut in half. In fairness to them, they have a lot of cash on their balance sheet that they don’t know what to do with, and he would like them to dividend that back out. The cycle for smart phones is probably getting old. He would prefer other places to put your money.


Price:
$111.800
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-11-21 HOLD Bruce Tatters

The iPhone is now in a much more mature state but will grow their earnings into the next year.  The effect of the election is not known at this time.  $220 of $240 Billion dollars of their cash reserves are in Ireland.  If there was a tax holiday on repatriated earnings it would be positive for Apple.  He thinks it will grow this year but feels you need clarity in the policies of the government before you see a big lift in it.


Price:
$111.730
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-11-16 PAST TOP PICK John Zechner

(A Top Pick Nov 3/15. Down 7.87%.) Last quarter was good. He is a big believer in the IOS system. The multiples are ridiculously cheap.


Price:
$109.990
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 HOLD Christine Poole

Market Call Minute.


Price:
$107.110
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 COMMENT John Burke

His office is divided on this. He is not a big fan, but his staff seems to like it better. He wonders if Apple can maintain the huge profit margins that they have. This is expensive, not from the point of view of the P/E ratio, but from the point of view of huge profit margins. It has been very unusual for companies like this to charge such high prices relative to their competitors for electronic goods. His concern is that they won’t be able to keep doing that for too much longer, in which case the stock would not do very well. It is a really tough stock to call, and he would rather invest in different ideas.


Price:
$107.110
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-11-14 COMMENT David Driscoll

The Trump victory throws things wide open, because if they get to repatriate some of their overseas capital, that could give them the opportunity to allocate cash to shareholders. Not a big fan as he thinks they have already hit their plateau, and their innovation is just one iPhone after another.


Price:
$105.710
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-11 COMMENT Darren Sissons

Don’t confuse a good company with a good investment. We are at the point in the Apple lifecycle where we need the next product, because the next product is going to move the needle. It has to be something that we haven’t seen. This is starting to get to the point where he would say it is time to Sell.


Price:
$108.430
Subject:
GLOBAL TECHNOLOGY
Bias:
OPTIMISTIC
Owned:
Unknown
2016-11-09 BUY Liz Miller

A very interesting purchase here. We are probably getting close to the end of the iPhone product cycle, and expects that they will be going through a transition. They announced they are going to focus on services, which is a little bit of content. At the current valuation, it is an attractive Buy, and there is potential to see some nice upside here.


Price:
$110.880
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2016-11-08 COMMENT Norman Levine

A “yesterday” stock. To him, the creativity died when Steve Jobs died. There were some products that came out that were already in the pipeline, but since then it has just been “me too”, add on, etc. It is becoming more of a software company than a hardware company. It is really dependent on iPhones and the phone hardware business has been a graveyard for lots of companies.


Price:
$111.060
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-08 COMMENT Mike S. Newton, CIM FCSI

Got out of this at the beginning of the year. It has gone up, down, up, down, and back to below where he had sold it. Feels this has moved from a very exciting trending name. The bloom is a little off the name now, so he has deployed money elsewhere. The ecosystem is really important to this name now, and it is less of a hardware story. Of all their products, he finds that the Apple TV is getting really interesting, which could be a real surprise for a lot of people.


Price:
$111.060
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-11-07 HOLD Don Vialoux

A classic technology stock and does very well, normally from the middle of October through until the 2nd week in January. The chart shows this is currently coming close to the previous trading range, where we can expect the stock to continue to move higher. Technicals are positive, the stock is slightly outperforming the market and the trend is on the upside. Stick with this until the middle of January, at the time when companies love to announce new products.


Price:
$110.410
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2016-11-03 BUY Jason Mann

This stock may have been left for dead and then all the issues with the Samsung note happened and all of a sudden, this was the only latest generation notebook you could buy.  Apple scores in the top 25% for price momentum, top 20% for valuation, a huge 36% ROE, and reasonable at a 13 times PE.  It is growing at a multiple that is less than the market.  You are in the transition from growth to value stock.


Price:
$109.830
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2016-11-01 BUY Kash Pashootan

This has been a teeter totter ride. They have lots of cash on hand. He is expecting them to announce a dividend increase, and potentially a one-time special dividend. The service’s side of the iTunes-I store business is generating enough revenue to becoming a Fortune 500 company all on its own. Don’t expect this to grow as much is it has in the past. Looking at its valuation, the dividend it pays, the cash it has, it is very difficult to find companies of that quality with that kind of cash and balance sheet, and trading at that multiple.


Price:
$111.490
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-10-25 BUY John O'Connell, CFA

(Market Call Minute.) Service revenue is growing at 27%. It is not about the iPhone 10, which is coming out next year, but that is going to be a big deal.


Price:
$118.250
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-20 HOLD Jason Del Vicario

Got stopped at around $116. They are going to benefit from Samsung’s problems, which has provided a lift on the stock recently. He is nervous about how you move the needle for a $500 billion+ company. That kind of market cap really requires them to keep innovating on and on. He would prefer to wait on the sidelines to see what else they can come out with.


Price:
$117.060
Subject:
NORTH AMERICAN (GROWTH)
Bias:
UNKNOWN
Owned:
No
2016-10-19 COMMENT Gavin Graham

The biggest company in terms of market cap. You get a 1.9% yield. The real questions being asked is “what have you done for me lately” and “what are you going to do for me now”. This has been a wonderful, wonderful start. This is probably not going to do any more than go in line with the market going forward.


Price:
$117.120
Subject:
NORTH AMERICAN/GLOBAL - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-18 BUY Gordon Reid

The services revenue should command more credit.  They have the resources to be able to expand into other areas and they are smart to go into other areas.  The bar was quite low with the iPhone 7.  They have two Trillion dollars to repatriate from off shore.  This will be good for Apple.  There are a whole host of opportunities for them in the future.


Price:
$117.470
Subject:
US EQUITIES
Bias:
SELECTIVE
Owned:
Unknown
2016-10-14 DON'T BUY Hilary Kramer

On an emotional level, this company is absolutely amazing. It has also shown itself to have great quality control. However, it is ultimately a hardware company, and hardware companies eventually see their multiples shrink and contract. Right now operating margins are amazing in the +20% range. There are probably other companies out there you should own. You are looking in the rear-view mirror buying this at $118.


Price:
$117.630
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2016-10-14 BUY Don Vialoux

In the last couple of days this has just broken to a new recent high. Technicals are positive and the stock is outperforming the market. It has positive momentum and relative strength is positive. Seasonally, this does very well from the middle of October right through until the 1st week in January.


Price:
$117.630
Subject:
SEASONAL INVESTING
Bias:
BULLISH
Owned:
Unknown
2016-10-13 COMMENT David Baskin

Has been bullish on this for a long time. When it got down under $100, he was saying it was worth $140. It has come halfway back from under $100 to about $117, so there is still upside. This has had 130 billion downloads from the App Store, that is 20 for every human adult that is on earth.


Price:
$116.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-12 PAST TOP PICK John Zechner

(Top Pick Oct 9/15, Up 7.05%) Once you are on the IOS operating system you are hooked on it.  You have close to a billion users that are hooked and now Apple are milking them for revenue.  The iPhone 7 is doing fairly well.  He thinks it is cheap and undervalued.  What is there not to like? 


Price:
$117.340
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-10-11 COMMENT Ross Healy

There is some pretty immediate technical resistance at about $120. If it can get through there, it can maybe move back up again to its usual high at about 5.5X BV, $147. Right now it is halfway between its normal high of $147 and normal low of $92. Technically if it can break out here, you have another move ahead.


Price:
$116.300
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-06 COMMENT Mike S. Newton, CIM FCSI

Got Stopped out last spring. He is finding their equipment is getting a bit confusing. They are just minor user things, but they will work it out. He likes their latest IOS update a little bit better than the old one.


Price:
$113.890
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2016-10-04 COMMENT David Newman

Just launched the iPhone 7, which has done a lot better than people expected. They are augmenting that with a growing services business. The real iteration is going to be the iPhone 8, where they are going to enhance battery power and will be a much better product. Trading at a reasonable valuation of 12.5X. They are flush with cash and are going to do something with that cash.


Price:
$113.000
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-10-03 HOLD Jim McGovern

He is in the camp that at best, it’s OK. A fair value and a hold right now. The iPhone 7 sales will be okay, but it is falling. It will show some economic sensitivity. They got a big boost from Samsung’s phone blowing up, but that is short lived.


Price:
$112.520
Subject:
NORTH AMERICAN - LARGE, ETF'S & MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-26 BUY Liz Miller

She is a fan of it and you could be buying it here.  It has a lot of upside to go.  It is a product company, not a product cycle.  They can move forward without Steve Jobs.  It is a good buying opportunity.  She is watching the rumour mills of what they are doing in the auto industry.  She thinks there is certainly a lot of innovation to come out of Apple.


Price:
$112.880
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Yes
2016-09-19 HOLD Teal Linde

He is almost out, having been in and out three times.  Their days of growth are almost done.  This is the year when iPhone sales were lower than the previous year.  It should not be viewed as a growth stock, but as a return of capital stock.


Price:
$113.580
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2016-09-19 WAIT David Fingold

In order for this to work well as an investment, historically it has been necessary for there to be a lot of pent-up demand for phones. Some of the subsequent launches of phones since iPhone 6, has been that not so many phones have been “end-of-life”. Thinks there has been a boost in the short term because of the difficulty that Samsung has been having. He wouldn’t expect volumes to be very strong on this. He would wait for more pent-up demand.


Price:
$113.580
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-09-15 TOP PICK Paul Harris, CFA

To him, this has sort of gone ex-growth, not growing as quickly. IPhone 7 is not substantially different, but was incrementally different. He likes the stock because it is cheap. They have lots of cash and can put it to work with a higher dividend. Their services business is growing quite rapidly, so he can see better numbers on that side. Dividend yield of 1.97%.


Price:
$115.570
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-14 COMMENT Rick Stuchberry

This is a great company. However, it has the law of big numbers working against it. In order to make any kind of significant move, it has to have stellar introductions and things really have to be on a large scale to get it to go. If he is right on his view of the market, then this stock will be going up.


Price:
$111.770
Subject:
CANADIAN & INTERNATIONAL ADRs
Bias:
OPTIMISTIC
Owned:
No
2016-09-14 COMMENT Jim Huang

iPhone 7 is not a big step up from iPhone 6. This is still a hardware selling consumer technology company, which condemns the multiple to not much more than the low teens. Still has a good balance sheet and a lot of money. They need to rejuvenate the growth by coming out with a new revolutionary product.


Price:
$111.770
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-09-12 COMMENT Mike S. Newton, CIM FCSI

Owned this for a very long time, but started souring on it from a user perspective. Still loves their product. Every time he gets a new iPhone upgrade, it wasn’t as exciting as the last one. He finds their iTunes, iPhoto’s, all of that software and services used to be the easiest thing he had ever used, but now finds it the hardest. From a user perspective, they have some major work to do. Doesn’t understand why they haven’t snapped up things like Spotify, Netflix, etc. Probably one of the safest stocks out there right now.


Price:
$105.440
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2016-09-09 COMMENT Norman Levine

Considers this as “yesterday’s stock”. The day Steve Jobs died, their creativity died as well. The company really hasn’t come up with anything new or exciting. It is more evolutionary than revolutionary. It has tons of cash and will probably raise its dividend.


Price:
$103.130
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-08 SELL Matt Kacur

He tells clients to find an exit.  It is a great company but the return on capital peaked at 30%.  It is down to 17% now.  This is a material change.  It is caused by competition.  He sees it eroding over time.  The iPhone 7 got a mediocre response.


Price:
$105.520
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Unknown
2016-09-07 COMMENT Stephen Groff

A juggernaut. A name that is interesting and not expensive. There is always a lot of focus on product cycles and what is happening right now. However, if you step back and look at the company, they have a rock solid balance sheet. It has a very high margin services business that is growing behind the scenes, and that is becoming a larger part of the business. They are also getting more active in capital return, which at the right time, can make a lot of sense.


Price:
$108.360
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2016-09-01 WEAK BUY Mike Capombassis

He needs three years of dividend history so he could own this.  Tim Cook replaced Steve Jobs 5 years ago.  It is the most valuable company in the world.  The growth is slowing down however and it breaks a thirteen year streak.  He would not buy in anticipation of the iPhone 7 release.


Price:
$106.730
Subject:
US Dividend Growth
Bias:
SELECTIVE
Owned:
No
2016-09-01 BUY Barry Schwartz

On this one you have to look at the valuation. It is very cheap and trading at 10X earnings. Thinks the bad news is all priced in, and you have to look forward to 2017-2018 when they have new phones. Hopefully they are spending all their money on R&D on new products and new ancillary devices and software that will grow their network.


Price:
$106.730
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-08-31 TOP PICK Erin Gibbs

One of your safety stocks within the technology space. She expects some revenue growth and some increase in the iPhone 7 for this quarter, as well as nice growth in the 4th quarter in sales. Even though she doesn’t see huge changes, the age of the iPhone is getting old enough that she does see a replacement cycle coming in this year. Also, they have $29 per share in cash, either to pay higher and higher dividends or to do more share repurchases. Dividend yield of 2.14%.


Price:
$106.100
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-08-30 COMMENT John Stephenson

The European commission is saying to the Irish government that they need to go to Apple and get back 13 billion euros in back taxes. This is outrageous. They are really using competition policy to go after this, and essentially their trampling over the sovereignty of Ireland, who can decide what tax rate to achieve. Thinks it is overreaching.


Price:
$106.000
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-30 COMMENT John Stephenson

Thinks the bull case for this is that it is cheap and has tons of cash. However, it is hard to see, with 65% of its earnings coming from the iPhone, what is next. It is hard to see how this will grow, as you are not going to get it through iPhone sales or through iPad. A great company with great iconic products, but how do you grow that business?


Price:
$106.000
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-26 COMMENT Stan Wong

(Market Call Minute.) Sold his holdings a few weeks ago. With the iPhone being 2/3 of its sales and slowing sales is a bit of a concern for him.


Price:
$106.940
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No
2016-08-25 PAST TOP PICK Kash Pashootan

(Top Pick Aug 14/15, Down 5.73%) They are heading into a product refresh cycle.  Apple is a different company today.  It is more developed today. 


Price:
$107.570
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-08-25 TOP PICK Kash Pashootan

It is a cash cow without innovation.  They will refresh many of their products.  They need to gain traction in emerging markets with their iPhone. 


Price:
$107.570
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-08-23 COMMENT Zachary Curry

He is constructive on this company. There have been questions on the refresh cycle going forward, but he is comfortable with that. The new phone coming out will be good. If there is not a rush to it, there will be a gradual type of refresh cycle. He is positive on their move to their eco system.


Price:
$108.850
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-08-22 WATCH John Burke

He argues all the time within his company about this. He doesn't like it while others like it because they are such an iconic company.  They've been good about product innovation.  Expensive considering profit margin.  Watch iPhone sales in the fall.


Price:
$108.510
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-17 PAST TOP PICK Colin Stewart

(A Top Pick Sept 3/15. Up 0.58%.) Still owns a modest size position in this. There is a lot of controversy, but at the end of the day, it is a great branded company, and people love their products and continue to buy them. This is trading for less than 10X earnings ex-cash, so is very cheap relative to the market. Has a huge amount of cash on its balance sheet. Over time, there are all kinds of opportunities for the company to get involved in the connected car, software as a service, data storage, etc.


Price:
$109.220
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
Yes
2016-08-17 PAST TOP PICK Bruce Tatters

(A Top Pick Sept 22/15. Down 1.63%.) For the last year this has been a value trap. Concerns have been on smart phones and where we are in the cycle for them. Leading experts in the field suggest that the growth is not over, but has been dramatically slowing. Despite this company’s really, really tough problem this year, it has really been more of a comparison, because the prior years’ iPhone cycle was so strong. The new iPhone coming out is not expected to be that exciting. Valuation is so ridiculously cheap. No one ever gives it the value for its $230 billion of cash.


Price:
$109.220
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-08-16 COMMENT Andrew Pink

He likes the company, although he sold his holdings recently. You are really just watching for the quarters and the next iPhone release and how much it is going to sell. You can get into some volatile quarters. The dividend is very safe as the company has a lot of cash.


Price:
$109.380
Subject:
INCOME STRATEGY (Divs, Fixed & Preferreds)
Bias:
UNKNOWN
Owned:
Yes
2016-08-16 COMMENT Christine Poole

Very attractively valued, and have a lot of cash, so it is a very safe balance sheet. The question is on its growth going forward. Product innovation is very important for a consumer products company. They have a new phone coming out in the fall, which will likely generate some demand. The weakness has been in their international markets, which is where most of their growth comes from. With the costs of their phones in the slowdown in some of those economies, demand has been softer. You could probably step in.


Price:
$109.380
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-08-15 BUY John Zechner

(Market Call Minute.) Thinks the IOS ecosystem is a win.


Price:
$109.480
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-08 BUY David Baskin

The street gets overly focused on iPhone sales from quarter to quarter.  Apple also has a big cloud business.  There will be a big conversion to the iPhone 7 when it comes out, but don’t wait till then.


Price:
$108.370
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2016-08-04 BUY Paul Harris, CFA

Not an expensive stock, trading at 11X earnings. They have so much cash that they don’t know what to do with it. Has a big buyback going on, and they can certainly increase the dividend a lot more. The risk is that a lot of their revenue comes from one product. You are not going to see the massive growth that you have seen in previous years. Dividend yield of 2.15%, which could easily be put up to 3%.


Price:
$105.870
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BEAR
Owned:
Yes
2016-08-03 PAST TOP PICK Gordon Reid

(A Top Pick Aug 26/15. Down 2.3%.) After the latest quarter, the obituary has been retracted for now. This is a company and a stock that everyone has an opinion on. It is a highly bifurcated view in that they really love it, or don’t like it at all. You have to remember that this is a company that has been adopted by a great many people as their way of adopting the mobile experience. Thinks that iPhone 7 coming this fall, will be very, very successful. Valuation is extremely attractive, 30% of their market capitalization is in cash, and it is trading at a single digit multiple.


Price:
$105.790
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-07-25 DON'T BUY Norman Levine

Everyone is in love with it because of what it did in the past.  There have been only moderate innovations since Steve Jobs passed away.  He does not see where future growth is going to come from.


Price:
$97.340
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-07-22 BUY John Zechner

(Market Call Minute.) He likes this. The IOS ecosystem has so much more value. It’s cheap.


Price:
$98.660
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-07-18 PAST TOP PICK Kash Pashootan

(A Top Pick Aug 14/15. Down 12.54%.) This has struggled over the last year, but he still likes the name, and is buying it. Has a lot of cash. The best they can do is to beef up the dividend to 3%-3.5%.


Price:
$99.830
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2016-07-13 BUY Bruce Murray

Warren Buffet Bought it.  They own the ecosystem of phone and iPad and so on.  Even if it is a consumer products company you only need 15 times PE to reach their target.  They think it will be more of a trading stock.  An Apple Car would signify a new growth phase. 


Price:
$96.870
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2016-07-12 COMMENT Christine Poole

The stock has been pulling back. Smart phone penetration in developed markets is already very high. In the emerging markets, where there is more competition, there are very little phone subsidies. Their phones are quite expensive, so they are not seeing the pickup in demand there. Next quarter might be a bit soft. The catalyst may be when their new phone comes out next year. This is transitioning from a growth company to more of a value stock.


Price:
$97.420
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-07 BUY Liz Miller

Temporarily broken or contrarian.  She loves it below $100.  You have a very solid company.


Price:
$95.940
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-07-04 HOLD Jason Del Vicario

He got stopped out of it.  They have a high ROE.  He worries about how much further they can grow.  It is going to be a challenge to continue growing at the old rate.  Own them with a stop price in mind.  He does not own them based on technicals.


Price:
$95.890
Subject:
NORTH AMERICAN (GROWTH)
Bias:
SELECTIVE
Owned:
Unknown
2016-06-28 COMMENT Jim McGovern

Has this as a Short. Their products are fabulous, but the bottom line is that the iPhone is everything to them, and it is in decline. Trading roughly at around 10X. Expects the stock to fall 10%-15% from here.


Price:
$93.590
Subject:
NORTH AMERICAN - LARGE, ETF'S & MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-06-24 BUY Barry Schwartz

Much cheaper than it was a few days ago, so you can absolutely buy it here. If you are waiting for a selloff, this is it.


Price:
$93.400
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-06-23 COMMENT Stan Wong

Sold his holdings recently at about $100. Over the last little while, has realized that iPhone sales growth is starting to wane a little. Representing 2/3 of the revenues, he believes that is a bit of an issue. Valuation wise it is still very cheap, trading at around 10 or 11 times forward earnings. Has lots of cash on the books and paying a dividend, but thinks penetration in China is not as strong as people had hoped. Also, on the next iteration of iPhones, are people going to line up and is it going to be as successful as the previous ones.


Price:
$96.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-23 PAST TOP PICK Stan Wong

(A Top Pick June 25/15. Down 23.08%.) He is concerned with the lack of new product and the lack of change with the iPhone. It is being reported that the new iPhone is not very different than the current iPhone. Also, feels penetration in China isn’t as strong as they had hoped.


Price:
$96.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-22 TOP PICK Kash Pashootan

At these levels, this is a value play. We have become accustomed to thinking of this as a mega-growth story, but a lot has changed over the last few years. They’ve grown considerably in terms of their market share. When you have grown market share as quickly as they have, you are not really a growth story the way that you used to be, you are much more of a mature business. Feels it has to go through a PR exercise of communicating that to the market. One good way of doing that would be by beefing up the dividend. Dividend yield of 2.36%.


Price:
$95.550
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
OPTIMISTIC
Owned:
Yes
2016-06-21 COMMENT Mohsin Bashir

A bit conflicted on this. It is a business that is finding its way into being a mature technology company. Most mature technology companies don’t get attributed with a very high multiple on a PE basis. They have oodles of cash on their balance sheet. Have started a program of paying a dividend and increasing it. However, what is lacking is their ability to innovate the way they once did. You’ll probably have to be patient with this. Prefers others.


Price:
$95.910
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-06-20 HOLD John Zechner

Thinks the Bears have it wrong on this company. The company will survive even if they had to keep selling 50 million iPhones every quarter. What is being missed is the IOS, their software ecosystem where there are probably 1 billion users worldwide right now. They are generating applications and uses of recurring revenue. 


Price:
$95.100
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-16 COMMENT Paul Harris, CFA

Not an expensive stock. If you take out the cash, they trade at about 8X earnings. They could increase their dividend a lot more as they have a lot of cash to do that. The trouble is, people see it as a one product stock, the iPhone, and they don’t get a substantial amount of revenue from their service side. They have to move past their phone.


Price:
$97.550
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-06-14 COMMENT David Burrows

This has a history of innovation. He is watching this one very closely because they are coming in to a new product cycle, making it interesting.


Price:
$97.460
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-06-13 BUY Erin Gibbs

This has struggled. Valuations are actually below their three-year averages. She still likes the company. The fact that they now offer a dividend yield, you are getting in at a nice low point. Sees it as a long-term, 1-2 years, holding. Their growth is less than what we have seen in prior years, but at this point you are looking at a good buy. They have the ability to turn around.


Price:
$97.340
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-07 COMMENT Mike Capombassis

Hasn’t owned this, but since they have paid a dividend for 4 years, he can now own it. Had a tough year since it is down about 20%, but is still the most valuable company in the world. Stock is trading at 11X earnings with a 2.3% dividend yield. They’ve been great at incrementally improving their products.


Price:
$99.030
Subject:
US Dividend Growth
Bias:
UNKNOWN
Owned:
No
2016-06-01 HOLD Matthew McCall

The stock came down and tested its $92 level several times in the last month. However, it snapped right back and has been on a tear since then. Still feels this is great value. The problem is, we are in between product cycles. The next product is not out yet, but once it comes out, that will be the next catalyst to push it higher. This would be a Hold, but he would actually Buy if it got down to the low $90s again.


Price:
$98.460
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2016-05-30 PAST TOP PICK Bruce Tatters

(A Top Pick July 15/15. Down 19.25%.) Got rid of most of his position by year-end. He was worried about the comparisons on the iPhone 6 going through. The company is having trouble growing right now, but the flipside is it is extremely inexpensive, and a much bigger percentage of the business is turning into a service business model, which has a recurring growth revenue stream.


Price:
$100.350
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-05-19 DON'T BUY Lorne Steinberg

The largest market cap stock in the world.  Half of their revenues are the iPhone.  Sales are slowing as people keep phones for longer.  It looks cheap as a large part of the market cap is in cash.


Price:
$94.200
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Unknown
2016-05-19 COMMENT Stan Wong

The chart is starting to look a little rough.  The 200 day moving average is falling and the stock is below the 200-day, 100-day and 50-day averages. The concern is how much further can the iPhone actually go. It represents two thirds of their revenues, which is very significant. If Apple does not succeed in China, it is going to spell a little bit of trouble for the company in terms of growth. The years of its extreme growth may be behind it. Right now he is looking for an exit point.


Price:
$94.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-05-18 HOLD Christine Poole

The market is questioning their future growth, but their balance sheet is very strong. They have lots of cash. They aren’t going to run into any financial difficulty for a long time. Product innovation seems to be waning a bit. They will be launching a new phone later this year, which may be a catalyst. Their phones are very expensive, so demand is not keying up as quickly. If the markets get shaky, this is a stock that is going to hold.


Price:
$94.560
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-05-16 BUY John Zechner

He is still an Apple Bull.  Warren Buffet took a position this morning.  You are starting to get these refresh cycles.  You have to look at their ecosystem.  These guys are monetizing IOS.  There are only two operating systems in the space now and Apple owns IOS.


Price:
$93.880
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on ENERGY
Owned:
Unknown
2016-05-13 COMMENT David Newman

The sales of cell phones obviously starting to decline. You have to look at this company in 2 year increments. Definitely the replacement demand is there for the next generation. The next iteration, iPhone 7, is not expected to be all that spectacular. It’s when we get to the next generation, when they have these OLED devices, flexible plastic. Likes the name and feels it is trading very, very cheaply, and still has high single digit growth.


Price:
$90.520
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-05-13 PAST TOP PICK Kash Pashootan

(A Top Pick June 5/15. Down 29.24%.) Thinks people are really starting to get worried about innovations. Feels they are going through a transition from being an emerging company, aggressive innovation that continues to grab market share. That strategy is now saturated. Pretty much everyone that wants an iPhone has one. We need to look at this more as a mature company. If they paid 3.5%-4% in the form of a dividend, the street would probably be more patient with them.


Price:
$90.520
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
Yes
2016-05-11 COMMENT John Burke

Wouldn’t own this stock. He has clients that own it, and they are going to start selling it. The signs are in that the company has finally hit the end of the road. Their problem is that their products are very expensive relative to their competitors, so profit margins are very high. The P/E ratio is not very high. The only way the stock is going to continue to go up is 1) to convince you to buy a new iPhone every 2 years or 2) invent a new device. Early signs are that the Apple watch is not moving the needle.


Price:
$92.510
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2016-05-05 TOP PICK Paul Harris, CFA

Trading at only 10X earnings, but if you take out the cash, it is probably only 8X earnings. They are increasing their dividends. 63% of their revenue comes from the iPhone. In the last quarter everything fell. IPhone7 is coming out which he thinks will offer added products. Dividend yield of 2.45%.


Price:
$93.240
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-05-03 HOLD Gordon Reid

People either love it or really dislike it. He continues to like it. In the last 15 years, this stock has been halved 3 times. It’s not like it is different this time, but you always have to look into the future. This company, over time, is growing well. The latest quarter, which was an off cycle quarter, didn’t grow so well. While everybody wants to fit the equation of quarter to quarter, the product cycle of this company doesn’t work quarter to quarter. Had a fantastic introduction of the S model iPhone, where units grew 40%-45%, followed by the off cycle. Putting the 2 together you had a pretty good progression.


Price:
$95.180
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-05-03 TOP PICK John O'Connell, CFA

Great balance sheet. Great products. Great services. Trading at 11X next year’s earnings. If this is overpriced, yielding 2.5% (more than the US Treasury bond), then the whole market is overpriced. A very dynamic company that has lots of products and services. Thinks it is going to continue to innovate and that there will continue to be growth in emerging markets. 


Price:
$95.180
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-05-02 DON'T BUY Norman Levine

It is a ‘yesterday’ stock.  He does not see what is going to make this stock go up a lot.  The handset business has been shown to be a graveyard business for a lot of other companies.


Price:
$93.640
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-04-29 COMMENT Don Lato

Reported disappointing earnings. Carl Icahn sold all his shares yesterday, so the stock came down pretty hard this week. At $94, it is just a little over 10X next year’s earnings. Still a dominant product in the smart phone area. There are concerns about lack of innovation and lack of growth in China. They’re being valued cheaply, but still generates tons of cash. Buying it here your risk is limited. Should they come out with that next big thing, it could be significantly higher. In the interim, you have a strong Eco system in the service side of the business, which was up 20% last year. The iPhone 7 is also coming out later in the year.


Price:
$93.266
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-20 COMMENT Benj Gallander

He rarely buys a stock over $10. Thinks Apple are making huge errors. They are taking on debt, and why with the amount of money they have in the bank? Also, buying back stock doesn’t make sense to him. This is technology, which can be very, very good, but can have problems for companies when they are very technology-based. It could certainly go higher, but at some point often, technology is not the leader in the field anymore, and then the stock price gets killed.


Price:
$107.130
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
No
2016-04-19 PAST TOP PICK David Burrows

(A Top Pick April 21/15. Down 14.2%.) Was stopped out, and doesn’t own this currently.


Price:
$106.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-04-18 DON'T BUY Keith Richards

There were reports last week of slowing iPhone production.  It is probably a trading stock now.  The uptrend has ended.  Until it breaks out, he would look at trading it.  The bigger trend is not all that positive right now.


Price:
$107.480
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-04-14 TOP PICK Brian Acker, CA

He was pounding the table at $85. He thinks their earnings will be good and they will buy back a tone of stock.  Expect a dividend increase.  $160 model price.  A good value name to hold in your portfolio.


Price:
$112.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-13 WAIT Cameron Hurst

The next product cycle will be starting in September. Until then, you are facing really tough comparable sales numbers, and he wouldn’t be surprised to see the stock consolidate a little. He likes tech, this company, management and the product line up. You don’t need to jump the gun on this one.


Price:
$112.040
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-04-06 HOLD Stan Wong

The dividend is projected to be 2% this year.  He thinks it will go up this year.  He has held this for a long time even though he is not a buy and hold guy.  It is reaching a resistance level.  He is looking for an opportunity to take profits. 


Price:
$110.960
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-04-05 BUY on WEAKNESS Zachary Curry

He likes this. When it gets up, he trims his position, and then buys back when it drops in price. This has a low PE and they have tons of cash. Feels that in September they are going to have a new release of an iPhone which, after 2 years, will have a good refresh cycle. If this sold off, he would be a buyer.


Price:
$109.810
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
Yes
2016-04-04 PARTIAL SELL Larry Berman CFA, CMT, CTA

Analysts are looking at $120-$150 as targets.  He would lighten up on market strength here.


Price:
$111.120
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-04 BUY John Zechner

Still one of the great stocks out there. A device company, but if it was the only device company going forward, then there would be a lot to worry about. They are building such a strong ecosystem of IOS software to become independent, and that is the future of this company. If you take out the cash, it is trading at about 9X earnings, making it exceptionally cheap for one of the greatest growth companies over the past few decades.


Price:
$111.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2016-03-22 SELL Norman Levine

The verdict on the watch is still out.  He does not see people wearing it.  He wonders where the innovation is now with Steve Jobs gone.  The iPod has peaked, as has the tablet.  So he does not have an interest in the stock.


Price:
$106.720
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-03-18 HOLD Gavin Graham

(Market Call Minute.) A pretty cheap stock, but the difficulty is that it is the biggest stock in the world, and how much bigger does it get.


Price:
$105.920
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-03-17 BUY Kash Pashootan

It struggled over the last year.  The main challenge is that for the first quarter since ’03 they forecast a decline in revenues.  Will growth if iPhone picks up in Asia and new products gain traction.  He feels that with the cash they have it is a buy.  They are in a position to grow their dividend.  Don’t get scared of recent volatility.  The strategy is that they can create excitement with their new releases of iPhone.


Price:
$105.800
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
SELECTIVE
Owned:
Yes
2016-03-10 DON'T BUY Christine Poole

They have a lot of cash and trade at a pretty low multiple.  They are a technology company and have to continue to innovate.  There is still a lot of replacement demand for the iPhone in the US, but in China there are a lot of substitutes and the Chinese have to buy their phone outright.   She wants more visibility going forward on earnings growth.


Price:
$101.170
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
No
2016-03-09 TOP PICK Brian Acker, CA

This has had a nice pullback. Trading at $101.03, and his model price is $146.06, a 44% upside. This is the #1 weighted stock in the S&P 500. Dividend yield of 2.06%.


Price:
$101.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Yes
2016-03-02 COMMENT Cameron Hurst

A tale of 2 time periods. Short-term they are running into competition. They put up some truly phenomenal comps, and they are heavily reliant on the product cycle. IPhone 7 is coming out in September, which is a period where you have not only lapped challenging comparison sales numbers, but at the same time you have a new product launch coming. Until then, it is a bit of a tough story. Likes the company and likes management. Doesn’t feel you need to rush into this, but likes the stock long-term.


Price:
$100.750
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2016-02-19 COMMENT Jennifer Radman

She is curious about what is going to happen and is watching from the sidelines. We are now getting into a replacement cycle, where everybody already has the product, so instead of growing into new demand, you are essentially replacing what you had. She doesn’t like betting on the consumer.


Price:
$96.040
Subject:
US LARGE
Bias:
BULLISH US ECONOMY
Owned:
No
2016-02-17 COMMENT Gordon Reid

Has been painted with a brush of being a hardware company that might disappear because some kid in a garage might come up with something better. This is basically why hardware companies tend to be assigned lower valuations. They are working hard towards building a services business with recurring revenue where there is more certainty. About 10% of their business now is Apple Music, Apple pay, etc. and these are applications that he thinks will have more traction in the future. The one thing that has hurt is the success of the iPhone. About a 3rd of their total market capitalization is in cash.


Price:
$98.120
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-02-10 TOP PICK John O'Connell, CFA

A great company and the largest company in the world. People are questioning how they can possibly do any better than they have. There are probably around 600 million iPhones out there, about 2 million 6’s, which means there is about 4 million odd 3’s, 4’s and 5’s. If you upgrade 50% of those every 2-2.5 years, that is 100 million of demand from just upgrades, taking out growth in the marketplace and China, which is growing by leaps and bounds. They are just getting involved in India. Trading at 10X earnings.


Price:
$94.270
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-02-09 HOLD Christine Poole

At this price, it has probably found a bottom. There is not a lot of visible growth. Trading at a pretty low multiple and have tons of cash. They are buying back stock and paying a dividend, so she thinks you are pretty safe with this.


Price:
$94.990
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-02-04 TOP PICK Brian Acker, CA

44% upside.  They missed on their iPhone volumes.  It is not devastating.  His model price is still $138.  He does not think you can get hurt here.  The 2% dividend will probably go higher.


Price:
$96.600
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2016-02-03 DON'T BUY Norman Levine

Not a good time to add. When Steve Jobs died, he wondered what Apple was going to bring in the future. For the first 2-3 years, we had what was in the pipeline. After that it was what is new and innovative and what is going to drive the company in the future. Hasn’t seen a lot of evidence of “new”. Outside of the phone, he doesn’t see what is going to propel the company.


Price:
$96.350
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-02-02 DON'T BUY Keith Richards

The longer-term trend line that started in 2013 has been broken. A long-term trend line that has been broken is really significant. Sometimes you get a rally if it breaks out above the trend line again, but at this time this company is underperforming its sector of tech stocks, and is breaking down.


Price:
$94.480
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-01-28 COMMENT Barry Schwartz

Had the best quarter in history of humankind, and the stock dropped 6%. This reminds him of Microsoft (MSFT-Q) a few years ago. It was treated as a dead company and was never going to innovate, and had only one product. Apple is generating an unbelievable amount of cash, but don’t think for one second that this is just going to be an iPhone company. IPhone is 60%-70% of profits. Expect they will add more products and add-ons.


Price:
$94.090
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-01-28 HOLD Colin Stewart

If you are a long term investor and bought it much higher, then hold on to it.  The recent decline is probably overdone.  They have a very dominant global brand.  There are near term headwinds.  He will buy it back at some point in the future.


Price:
$94.090
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
No
2016-01-27 TOP PICK Don Lato

The valuation is just too low to pass up at this level.  They will most likely increase their dividend in April.  They are still gaining market share.  His biggest concern would be a lack of pick up in China.


Price:
$93.420
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2016-01-26 COMMENT Mike S. Newton, CIM FCSI

Just reported after the close. Had disappointing numbers relating to iPhone sales, and revenue looked a little bit soft. A classic example where the absolute numbers are actually staggering and quite impressive. The Apple excitement and growth rates are coming sub-10 now. His issue is that it is over-owned and over-followed, and the user experience has declined substantially. They have to fix their eco system service, which is getting complicated, and never used to be. Also, when the PE starts to come down on the stock, it is hard to turn that around.


Price:
$99.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-01-22 COMMENT Jaime Carrasco

We should be getting a good rebound coming in, so as a trade this makes a lot of sense. He expects a rebound, because the market has come down quite a bit. Be prepared to trade this if you want to be aggressive, but be prepared to Short when it runs out of steam.


Price:
$101.420
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
Unknown
2016-01-21 TOP PICK Gordon Reid

(Top Pick Jan 15/15, Down 7.65%) They are in the midst of a ‘weak refresh’.  The market is looking to the iPhone 7 later this year.  Here is a company that makes 60% of their revenue from an iPhone with a 40% margin.  Their customers are loyal.  73% of iPhone users have an iPhone 5 or older.  There is huge opportunity due to the upgrade cycle to the 7 and successive products.  A third of their market cap is in cash.


Price:
$96.300
Subject:
US EQUITIES
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 120 of 723 entries
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1 Comment

Frodo

October 23rd 2012 at 12:33am

I don't understand why the experts keep saying this is a cheap company. The stock is over $600 per share. That's not cheap!


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