Hope you all had a terrific weekend and make the most of the final few days of January. Can’t believe it’s already February next week.
A busy earnings week is coming up. Tesla, Microsoft, and Boeing have their numbers out this week. Maybe good news here will kick the market higher. And we also have the Fed policy meeting next week. The consensus seems to be a 0.25 or 0.50% interest rate move. We shall see.
Has anyone seen ‘Avatar: The Way of Water’? It’s become the third James Cameron movie to gross $2 billion. It doesn’t appeal to everyone. Not my cup of tea. All the technology seems to be the big drawcard and the storyline, which paints the U.S. military in a poor light.
Another mass shooting in the U.S. This time in Monterey Park in Los Angeles. 10 people lost their lives, and the gunmen killed himself as well. Before anything is ever done about guns in America, a lot of people will have to die. But mentally ill people having access to guns is extreme, to say the least.
And something else that is utterly outrageous is the fact that women do not have control over their own bodies. There are some states in the U.S. that ban women from having abortions even though their own life may be in danger. There are other states that ban women from having an abortion if the baby is deformed in any way or if the baby is the result of rape or incest. Women are very much controlled by the political system, which won’t be changing in a hurry in the near future.
Fingers crossed that the earnings this week are good.
Have a great week.
P.S. It is John’s birthday on Thursday, 26th January (Australia Day). 71 years young. Drop him a line and wish him well. He would appreciate it.
Cheers,
Jacque
If you change the way you look at things, the things you look at change. Wayne Dyer.
Let’s talk about gambling. It seems to be a topic that is close to receiving “taboo” status. Some people become prickly when this topic is raised. And some have responded defensively by arguing that dabbling in the share market is just like gambling.
I beg to differ.
Do you sit mindlessly pressing a button on a slot machine when you select a stock to invest in or do you do your analysis and research and read John’s reasoning behind investing in the stock?
Do you receive a return on your investment twice a year in the form of dividends when you gamble?
Does your investment in gambling – what you receive from it – grow for you or does it grow in government coffers and big business bank accounts?
Australia holds the unenviable position of having the biggest gambling losses in the world. 40% greater than the country holding second place. Hong Kong, Singapore, and New Zealand feature in the top five. Governments and big businesses make a fortune from it, while the users burn through their capital. 35% of the world’s pokies are in New South Wales clubs and pubs. This state enjoys a $95 billion turnover each year.
The introduction of a universal cashless gambling card is being proposed in New South Wales. This card requires a commitment to a spending limit. The loss limit could be capped at 1,500 a day. It would be great to see bipartisan political support for this proposal. Tasmania is already legislating the universal cashless card on a bipartisan basis.
Psychologists are employed to design poker machines to ensure they have the maximum addictive qualities, which then enables that machine to extract the maximum amount of money from people. Truly sad.
I have landed in both Reno and Las Vegas airports. As you walk through these airports to exit, you pass by lines of poker machines, many of which are being used by people – young and old. A cigarette in one hand, a drink close by in a specially designed holder and the colours, movement, sounds/noises of the machine seem to hold them in a hypnotic state until their money runs out. Waitresses are seen replenishing their drinks – the user typically doesn’t even look up. It all goes on their tab. I asked one lady why she was playing the pokies. She replied she didn’t have anything else to do.
Oh dear!
Let’s go to Bonds
The downtrend in US 10-year yields persists with potential for this decline to extend considerably lower over the coming weeks. John will strap on more bond trades soon after the current trades reach expiration. Target is 2.00% by year-end.
Have a great weekend.
Cheers,
Jacque
“For every minute you are angry you lose sixty seconds of happiness.” - Ralph Waldo Emerson
Get rid of the time wasters as described on the next page.
On the following image, you will see my son Alexander’s reaction to going on a long walk.
It’s Martin Luther King Day on Monday, January 16 – a public holiday.
John – up 19.83% in January.
Reason: go long when everyone else is terrified to do it – as in January.
Go short – in December – when everyone was jabbering on about a Christmas rally.
And there you have it – end of narrative.
Looks like stocks will continue to party until around early to mid-February. So, 4,300-4,330 S&P are targets. If these are broken, then look for 4750.
Gold and Silver will continue to rally for the time being. For those chart analysis fanatics – it’s all in the picture – the rally could go up to make a third point on the Daily Gold chart. (GOLD, GLD, SLV).
To keep on the right path, keep picking up those bond positions – (TLT, MUB, JNK, & HYG) – a must-have in a falling interest rate environment.
A weaker US$ is on the cards. Commodities do well here – (FCX) and (BHP). Don’t forget about emerging markets either (EEM). The Euro, Pound, Aussie, and Yen will all do well here.
Real estate - apparently, it’s going to be strong for around the next 10 years. Does anybody have an argument against investing in bricks & mortar – especially your own home – in this environment? You just have to look at the lines of people queueing up to look at a one-room flat in a town in New South Wales to understand which side of the fence is best to be on – owner or renter?
Appalling situation – and I know that Airbnb is contributing to the squeeze in housing availability. As many as 135 properties in a northern New South Wales town are unavailable to rent because they are an Airbnb property. Consequently, there are only two properties available in this town.
Some owners have raised rents as much as $125/week to take advantage of the gravy train. Shame on those owners who see occupants forced to leave – sometimes, long-term renters – because they cannot pay the huge amount of extra dollars. I understand owners may be feeling it too with extra costs, but there must be a happy medium somewhere.
The U.S. will hit the debt limit on Thursday. Yellen has told McCarthy that he needs to either suspend or increase the debt limit. If the House Speaker doesn’t step up, the consequences would be dire for the U.S. economy & the livelihoods of all Americans, and global financial stability. Haven’t we been in this situation before?
Food fraud – do you know what it is?
Olive Oil – switched for cheap ones.
Parmesan Cheese – switched with something else.
Counterfeit, dilutions, substitutions, and mislabelling is the name of the game in the food industry now. It seems anytime a product can be passed off with a cheaper alternative, it will be.
Food fraud not only harms consumers’ wallets, but it also puts our health and safety at risk.
So much of food fraud is hidden from us and has been for centuries. It affects at least 1% of the global food industry at a cost of around $40 billion a year, according to the Food & Drug Administration.
It is estimated that 10% of the commercially available food in the United States is adulterated. That’s 1 in 10. So, expect to have something in your supermarket cart when you leave the checkout.
How does this happen?
It’s Economically Motivated Adulteration (EMB). It’s a monetary impact to the food consumer and to the manufacturer, but it’s also a public safety issue, robs people of nutrients and can kill people.
Recommended Reading
Real Food, Fake Food by Larry Olmsted
(2016)
The Jungle by Upton Sinclair
The worst offenders can include seafood, meat, dairy, alcohol, spices, and honey, to name a few. It happens more often with expensive foods.
40 million people a year in the U.S. get sick from what they eat – which you could say is unintentional, but also fraudulent. The cause usually stays undiscovered.
The coffee you buy will pass through a lot of middlemen before it hits the shelves of your supermarket, etc. One of these middlemen could be adding something to the coffee for economic gain. Who would know?
During the pandemic, 21% of fraud incidents recorded in 2021 were labeled fraud. Anyone for cellulose derived from wood pulp added to their parmesan cheese. It’s happened.
We have plenty on our plate today. Sorry for the pun.
Looks like we will have to be more conscientious at reading labels and info about companies and suppliers.
Wishing you a fabulous week.
Cheers,
Jacque
“Out of the mountain of despair, a stone of hope.” - Martin Luther King, Jr.
Why not head over to Honolulu for a few days in February this year and join John for his strategy luncheon on February 17. It’s a win-win trip – a holiday which is a tax deduction as you are travelling for business, and you will have the potential to make money while you are there. Can’t beat that.
If you are heading over to Europe for the northern European summer, why not add a cruise leg? You can join John on the Queen Mary for the July 13 Seminar at Sea.
John did his bi-weekly webinar yesterday, so this post will be a summary of what he talked about.
Title: January Surprises
MTD – hottest start in history of Mad Hedge Fund Trader with 13.89% MTD.
90% invested (40%long and 50% short)
TSLA
GOLD All long
WPM
BRKB
Three TLT trades All short
46.67% average annualized return
Expect choppy markets and range trading for the next 6 months. 355 on the downside and 410 on the upside.
2023 – the year of commodities.
Look for S&P 500 at 4,800 by end of 2023.
VIX dives to $22 = no trade.
Gold and Silver break out.
Energy – new lows on warmer weather and supply glut and Russia failures.
Nonfarm Payrolls come in warm at 223,000 for December.
Shipping costs dive 40%, as supply chain problems end.
IMF sees a slow decade of global growth.
Slowing from 3.2% in 2022 to 2.7% in 2023.
The Fed is selling 90 billion worth of Bonds every month.
2023 starts with a big, short cover, but we are stuck in a range.
2023 will be all about value in H1 and growth in H2.
Commodity plays will lead, oil plays will lag.
Financial will be strong,
Biotech will be the safety trade.
Use pullbacks to scale into tech stocks.
Start scaling into Tesla.
Tesla is now the most widely owned and traded stock in the market, beating Apple.
Terrible H1 and strong H2 to replay in 2023.
One million and a half orders for Cybertrucks.
Tesla selling at 10 times their 2020 earnings.
Suggested trade: Tesla LEAP Jan 2025, 180/190
Buy calls at 180
Sell short calls at 190
If Tesla closes over $190 in two years, you will do well.
One subscriber asked about the FCX LEAP, "The January 2025 FCX LEAP approaching the upper end of the 42/45 range. If it crosses 45, do we close the position?"
Sell half – take the profit.
Keep the remaining half – play with the house’s money.
Expecting $100/share by 2025 expiration.
Therefore possible 1000% return on position.
Possible head and shoulders bottom forming on Microsoft. Think about a 2-year LEAP on this stock.
ROM – also possible head and shoulders bottom.
BONDS
A new default risk.
Dark clouds are hanging over the bond market as a government shutdown and default this summer is in the cards as chaos reigns in the House of Representatives.
The House controls all the spending in the U.S. government with a majority of 4, soon to be an unmanageable 3.
TLT should reach $120 in 2023 without political interference.
Keep buying (TLT) calls, call spreads, and LEAPS on dips.
30-year fixed-rate mortgages dropped 80 basis points to 6.48%.
U.S. budget deficit drops by half.
Buy TLT, JNK, and HYG on dips.
New House Speaker = probable defunding of the IRS.
Bond negative.
Prevents the IRS from upgrading computers, and improving customer support. E.g., if your accountant wants to ask a question, they are kept on hold for an hour. When you’re paying them $100/hour, that’s not an ideal situation.
Foreign Currencies
Japan reverses 30-year easy money policy – interest rates rise from 0.25% to 0.50%.
Yen soared 4% on the move.
Buy Euro, Pound, Aussie, and Yen.
China lockdown will keep the Yuan relatively weak.
Strong currencies will also deliver major bull markets in emerging markets stocks. (EEM) & (CEW).
The US is now the world’s top oil producer followed by Saudi Arabia & Russia.
Gold/Silver
With interest rates likely to fall in 2023 – reactive by the Fed to recession, precious metals could be one of the big trades of the year. Demise of crypto puts new focus on gold. Buy GLD, GDX & GOLD on dips.
Become a subscriber to Jacquie’s Post. Just go to madhedgefundtrader.com and go to John’s store, or simply click here.
Cheers,
Jacque
"The man who does not read has no advantage over the man who cannot read." - Mark Twain.
Bed Bath and Beyond – a popular pitstop for those who are looking for a luxury look in sheets and towels and special decorative pieces – is now struggling to stay afloat. As of February 26, 2022, Bed Bath & Beyond had about 32,000 employees. In August, last year it cut about 20% of its corporate and supply chain workforce and closed about 150 of its stores. This week it is in the process of cutting costs by an additional $80 to $100 million, with some of those savings coming from a reduced workforce. A town hall meeting will be held on Wednesday to discuss its future. Unfortunately, the outlook is looking very grim for this company.
These are challenging times for many of us. And the Fed does not escape facing barriers of its own to stabilize the economy. Powell has stressed that he may have to make politically unpopular decisions to get the job done. Both sides of politics have been critical of Fed actions, but the Fed is outside political control and hence can act independently to stabilize prices. Just sit with the fact that we may have inflation for longer than most expect.
Have you heard of Chat GPT?
It’s an artificial intelligence interface, which was developed by San Francisco-based Open AI and is backed by Microsoft and LinkedIn co-founder Reid Hoffman. The chatbot can generate detailed responses, hold a conversation, and answer questions just like a human. Is it a challenge for Google? Maybe, in the future.
Microsoft plans to invest $10 billion in Open AI.
It seems like all customer service will become robotic in the future. That may make business more efficient and cost-effective, but it also makes the relationship between the customer and the business very depersonalised.
Those businesses that keep some element of human interaction with their clients will be seen as dinosaurs, but celebrated and lauded for challenging the trend.
Happy mid-week.
Don’t forget to sign up for the Hawaii strategy luncheon. Looking forward to seeing you all there.
Hope you have all had a successful first week in 2023.
John has already been busy sending out trade alerts. If you managed to get into a couple of them – well done. He timed that recent move up in the market well. What can we expect going forward? Listen to John’s webinar on Wednesday 11th January to get up to date with the latest happenings in the market. For customers that are not nightbirds, wait for the replay later Thursday.
California has been experiencing severe weather since New Year weekend. A parade of cyclones has been pounding the state over the past week and these conditions will continue for most of January. Hundreds of thousands of people are without power. Six people have been killed. Businesses have been flooded and homes damaged. Mudslides, downed trees, and powerlines have created havoc on roads. The advice from Emergency Services is to stay inside unless you must travel.
Meanwhile, back inside the walls of power, Kevin McCarthy was elected Speaker of the House, eventually. He is from Bakersfield, which is just north of L.A. The Republicans don’t think he’s radical enough, far enough to the right for them. Consequently, it took 15 rounds before he was elected. To secure the position of House Speaker, he made quite extreme concessions to win over a section of the far-right. He plans to focus on immigration, “woke indoctrination” in schools, and challenges like debt and the Chinese Communist party, in addition to law enforcement and criminal prosecution. There will be no dull workdays for Kevin McCarthy.
Have you bought any Tesla shares yet, Tesla LEAPS, call spreads? John believes we are close to the bottom in Tesla stock. But do expect the market to be quite “moody” into mid-February. So, more downside may be on the cards. We are hearing messy news regarding Tesla. We know that Tesla suspended production at the Shanghai Plant in response to a Covid-19 wave that is far worse than what is being disclosed. 2.5 million is the official number declared with covid, but the real number may be more like 250 million.
A big positive for Tesla is the news that it will open a fifth factory in Mexico, near Monterey, the Detroit of Mexico. Construction should cost $10-$20 billion. Tesla will have access to a lot of cheap labour as Ford, General Motors and Hyundai factories are already there.
Tesla sold 1.31 million vehicles in 2022, with production growing 47% compared to 2021. However, the numbers fall short of Musk’s pledge to grow by 50% in 2022. But 40+% isn’t bad by any means. Even so, shares plunged an astounding 14% and are now selling for a very attractive 35% discount to big tech. Does anyone consider that dipping your toe in the water here is not worth taking the risk when this company is growing earnings by 40% a year?
Twitter has been an annoying distraction as far as most investors are concerned and it has taken Musk’s focus away from Tesla.
Have an extraordinary week. Don’t forget to laugh and have fun.
Another year is upon us and I’m sure we have all made plans to save money, eat healthy, exercise more, learn something new, spend time with friends and family, etc.
I didn’t.
I don’t make New Year's resolutions anymore.
I got wise.
There are people out there making a fortune on your willingness to achieve each resolution but all too often, the desire fades after the first month or two.
So, instead, I just plan on being a better version of myself each year. That takes all the pressure off. Phew!!
So, what’s ahead this year?
Hawaii strategy luncheon on February 17, 2023
Queen Mary II strategy update on July 13 while you enjoy a transatlantic crossing.
Go to Luncheons on John’s site to book.
Sounds good to me.
At the beginning of the year, it is natural to reassess what is in your portfolio and what is not.
So, I always ask this question. What does everyone need the most outside food, water, and shelter?
Security.
In other words, protection against the myriad of ways criminals invade the privacy of your life.
Here, I’m particularly talking about cyber security. The thought of my computer being hacked, or my identity being stolen is enough to keep me wide-eyed all night.
Therefore, I’m going to list the top cybersecurity stocks that you should be watching. Please make sure at least a couple are in your portfolio.
These cybersecurity companies provide critical support and services to businesses that operate online and through electronic communication networks.
All these security companies specialise in a different area of security. Basically, they all focus on safeguarding data and systems from unauthorised users.
As more and more companies move online, there is an increasing threat from cybercriminals. Let’s take a closer look at the four listed above.
1. Zscaler (ZSUS)
Zscaler was founded in 2007 and became a publicly traded cybersecurity company in 2018. It’s now listed on the Nasdaq and in 2022 had a market cap of more than $25 billion with more than 100 data centres around the world, serving customers in 185 countries.
ZSUS is an authorised partner for Microsoft Office 365 and more than 450 companies on the Forbes 2,000 list use Zscaler.
In the last four quarters, Zscaler achieved revenue of more than $125 million. In the last quarter, revenue was up 60% year on year at $176.4 million.
Presently, they are a company that is focused on growth rather than profitability. In other words, they are continually pouring money into marketing, growth, and acquisition – a clear, long-term strategy.
2. Fortinet (FTNT)
Fortinet is one of the oldest cybersecurity companies and has been around since 2000, achieving a market cap of more than $35 billion. The company develops and sells a whole range of different cybersecurity products and services. This includes firewalls, anti-virus protection, endpoint security components, and much more.
An increase in revenue and increased forward guidance were reported in the company’s most recent earnings announcement. They have also taken part in an aggressive expansion plan with more than 65 deals last year, including a $75 million investment into Linksys.
3. Palo Alto Networks (PANW)
Palo Alto Networks is a multinational cybersecurity company that was founded in 2005. Last year, revenues topped $3 billion as the company services 70,000 businesses in more than 150 countries. The company was listed eighth in the Forbes Digital 100 list, and they count 85 companies of the Fortune 100 list as a client.
The main focus of products offered by the company revolves around network security, advanced firewalls, cloud security, and endpoint protection among other niches. PANW also operates Unit 42 which is an advanced threat intelligence team focused on finding new cyber threats and working with the FBI.
Shareholder returns are very good, and the company also has an excellent track record of consistent sales. The uptrend in the stock has accelerated since the lows of the pandemic in 2020.
4. CrowdStrike (CRWD)
CrowdStrike was founded in 2011 and focuses on proactive and incident response services. Its products include cloud systems for threat intelligence, endpoint security, and more. The company, with a former FBI official as one of its founders, has been active in the cyber-attacks of Sony Pictures in 2014 and the Democratic National Committee (DNC) in 2016.
Analysts believe the company still has huge growth potential as it can tap into international markets.
Since the company’s (IPO) launch in 2019, it has already become a market leader in the cybersecurity space. CrowdStrike is well-positioned to meet the issues faced by businesses today. Dealing with threats when they come is no longer viable. Companies must build the right infrastructure to mitigate threats in the first place. We just need to think about Medibank Private to know how important the right infrastructure really is.
CrowdStrike shines as a cloud-based platform. Its stock price is trading much higher than when it first launched in 2019. It is one to watch this year.
Ransomware demands amounted to nearly $20 billion last year. There is now huge pressure on companies to build the right infrastructure and systems before the threat.
The growth potential for cybersecurity stocks is now very interesting. It is not hard to see why investors are keen to focus on this sector and the companies leading the race forward.
Now, which one will I choose…
On Friday I will summarize John’s All Asset Class look at 2023.
You’ll get to see what’s in favour and what’s not.
May 2023 bless you with all you desire.
Cheers,
Jacque
“The big lesson in life, baby, is never be scared of anyone or anything.” - Frank Sinatra
“Do all the good you can, for all the people you can, in all the ways you can, as long as you can.” - Hilary Clinton (inspired by John Wesley quote).
Those of you who have received Jacque's Post for the last two years have been getting it for free. However, in this inflationary world, ever high bills have to be met and colleges paid for. So, I am asking you to chip in a modest $170 to continue your subscription for the coming year. Just click here and complete the form.
If for some reason the link doesn't work, please google Mad Hedge Fund Trader to get to our main site, click on the Store tab at the top, and click on the blue BUY NOW tab for Jacque's Post.
Many thanks for your support and I look forward to working with you for another year.
This will be my last post until we hit the New Year. I’m taking a week and a half off.
So, this post will summarize John’s webinar he did last week.
Webinar Title: Year-End Exhaustion
February 17, 2023, Honolulu Luncheon
July 13, 2023, Seminar at Sea aboard the Queen Mary
Look for S&P 500 at 4,800 by end of 2023.
VIX dives to $22 - NO TRADE.
US unemployment to peak at 5.5 in Q3 of 2023. Chicago Business School.
Emerging markets a buy.
NASDAQ – look to sell.
TLT – could reach $120 in 2023.
Junk Bond ETF’s JNK & HYG were up two points.
US Budget deficit drops by half, after the sharpest declines in government spending in history.
BUY TLT, JNK & HYG on dips (for the medium term)
No long-term growth in Energy.
Home mortgage demand plunges.
New applications are down 86% YOY.
Have you ever been the victim of “porch pirates”?
The annual amount lost to package theft (left on your doorstep by Amazon, for example) is an estimated $19.5 billion.
As we approach Christmas, thieves are on the lookout to grab parcels right off your doorstep. Over the last year, an estimated 260 million delivered packages were stolen, according to a report from SafeWise.
Security cameras can be a good deterrent, but they may not be enough.
Sign up to receive a text message when your parcel is going to be delivered and when it has been delivered.
If you can’t be at home, arrange to pick it up from UPS or FedEx or arrange for a neighbor to collect it.
Wishing you all the very best Christmas and all good things for 2023.
We will catch up in the New Year.
Take care.
Cheers,
Jacque.
"Blessed is the season which engages the whole world in a conspiracy of love." - Hamilton Wright Mabie
We’re now in the final week before Christmas. The silly season is well and truly underway.
Got up early this morning and watched the World Cup final between France and Argentina. What an amazing game!
Did anyone in Australia brave the wee hours to watch it?
Equities could be in for more pain in early 2023.
BlackRock (BLK) team doesn’t believe equities are fully priced for recession. Corporate earnings expectations have yet to fully reflect even a modest recession, said Vice Chairman Philipp Hildebrand of BlackRock. The Fed has promised it would continue to raise interest rates to rein in inflation in 2023 if necessary. BlackRock analysts have warned that the strategy of “buying the dip” won’t work in this new economic environment. BlackRock believes this macro volatility will be with us for some time. They don’t see a return to conditions that will sustain a joint bull market in stocks and bonds of the kind we experienced in the prior decade.
What to do if a recession happens?
A stock fund or a mutual fund is a great way to invest during a recession. A fund tends to be less volatile than a portfolio of a few stocks. And a stock fund offers the potential for high long-term returns if you can stomach the short-term volatility. Well diversified funds are a good option for investors who don’t want the hassle and risks of investing in individual stocks. One sound choice is an index fund based on the Standard & Poor’s 500, a well-balanced index that includes hundreds of America’s best companies and has returned about 10% over time. Rather than trying to pick the winners, you own a piece of the market.
If you want a portfolio that may be somewhat less volatile, you could add some dividend stocks. High-quality dividend stocks tend to fluctuate less than other kinds of stocks, meaning your portfolio will bounce around less. Plus, they can offer a cash dividend that ensures you’re getting some income while you’re waiting for the market to turn. If you don’t want to buy individual stocks, you could buy a dividend stock fund and enjoy the reduced risk that comes with diversification and still enjoy a solid dividend yield.
Real estate can be an attractive investment during a recession. You may be able to buy it at a cheaper rate. You also may be able to get a much better mortgage rate.
You could put your funds in a high-yield savings account. Just make sure that inflation doesn’t eat away at your money.
It is important to stay focused on your long-term plan and the better days ahead once the market turns back around. Work to keep your emotions from driving your decision-making in whatever way works best for you.
Wishing you all a wonderful week.
Cheers,
Jacque
"It’s never too late to be what you might’ve been." - George Eliot
Powell made it very clear that many more rate hikes may be needed before inflation is under control. This language was like putting a cat among the pigeons. I think everybody is expecting rates to turn down next year. What if that is not the case and Powell keeps raising? Not quite sure if the market has priced this in.
The market could see a slight Santa rally at the end of the month, going into the beginning of January.
Then we could see a retest of the lows sometime in the first half. It’s going to be a choppy market.
Tech is still weak, so that’s going to weigh on the market. Healthcare is holding up – this sector typically outperforms when inflation is high and falling.
If you had to pick one tech stock for your Christmas stocking – the consensus is to pick Apple. Morgan Stanley expects Apple’s services business to return to double-digit year-on-year growth, after having missed analyst estimates for the fourth quarter that ended in September. Morgan Stanley believes Apple has room to grow in its core business. It says that the company isn’t wholly dependent on the next iPhone category for growth, which it can also achieve with existing products and by increasing its penetration in emerging markets such as India, Brazil, Indonesia, Mexico, and Vietnam.
Happy Friday and have a wonderful weekend.
Cheers,
Jacque
" Imperfection is beauty, madness is genius and it’s better to be absolutely ridiculous than absolutely boring. " - Marilyn Monroe
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png00Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-12-15 22:00:452022-12-20 08:06:39December 15, 2022
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We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
