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Apple could have a $100 billion quarter

Oct 28, 2021

Good morning!

1 – Apple could have a $100 billion quarter

That was my take with the fantastic Stuart Varney on Fox Business Network earlier this week (Watch) You can split hairs all you want when it comes to iPhone sales, revenue projections, shipments and crunches in one sector or another. Many analysts are.

However, the key with Apple is that demand continues to outstrip supply – and that’s what you want to focus on. It really is that simple.

Earnings will hit at 1:30pm PST and the earnings call roughly a half-hour after that. You can listen in here.

2 – Read this if you own FB

Leaked internal FB studies apparently show that as many as 20% of US users saw content that interfered with or discouraged voting, gave wrong voting information or even encouraged people to stay home. The same documents also suggest one in three users saw false election news while 15% saw “direct calls not to participate in Census.” So much for claims that the company hates hate speech and misleading content.

I’ve counselled investors to bail or avoid the stock since late summer and have been a lone voice in the wilderness for a long time. Now, though, I have some great company from a growing number of serious players including Dan Niles of the Satori fund who dumped his holdings a month ago because he has similar concerns: thinner content warnings from Adobe, cutbacks in ad buys, ad agencies warning about earnings, and Apple’s privacy changes. (Watch)

Buy FB under $200 … and, no, that’s not a typo.

3 – VW: the dog ate my homework

VW and Stellantis are blaming chip problems for disappointing results, saying that their “volume brands” suffered most because of semiconductor supplies. That’d be Skoda, VW and Seat. At the same time, the company’s premium brands – Porsche and Audi – turned in positive numbers.

Hmmm. Seems to me Tesla worked through things as did GM and Ford despite chip shortages.

I know which ones I’ll be buying.

Read

4 – How to turn $8,000 into more than $5 billion

Reports are breaking that an anonymous individual who purchased $8,000 worth of Shiba Inu Coin last year – roughly 38 ETH at the time – is sitting on a staggering $5.6 billion worth today for a jaw-dropping 38,461,400% return.

This could be the greatest trade of all time with one catch and it’s kinda a big deal.

Apparently, the account is listed as “inactive” which makes me wonder if there’s a missing password!!! (Read)

5 – Price gouging that would make Al Capone jealous

The car shortage has prompted dealers to engage in some really questionable behaviour when it comes to pricing their inventory. Already suffering from a dubious reputation because of predatory sales tactics, mystery fees and more, this strikes me as a new low … errr, high.

According to the Drive, a Nevada Audi dealer tacked on a $100,000 market adjustment to a 2021 Audi RS6 wagon bringing the sticker price to $242,009.00!