Apple is way undervalued.
It may be the tech stock with the greatest upside potential.
It’s gone nowhere in the last year. Look at it (it’s in blue) compared with PayPal, Nvidia, and Google — all of whom have done way better. Apple is the blue line at the bottom:
Exhibit Two for why I like Apple: Our local gas station:
It’s a little local gas station/convenience store in Chatham, NY. Whenever I need Twinkies or snowballs,
they have them. They now also have Apple Pay. And it works.
Our local supermarket, Price Chopper, also has Apple Pay. It works, too.
What a joy Apple Pay is — not to carry a wallet or a fistful of bills. No to worry that I left my credit card behind. Or that a sweet waiter stole my card.
Venmo is owned by PayPal
Venmo is remarkably easy and convenient to use. Everyone and their uncle wants to get paid by Venmo. I oblige. I hope PayPal is making oodles with it.
I missed Shopify. Dumb. Stupid.
Two nights ago Cramer had an interview with Harley Finkelstein, Shopify president.
It was Cramer’s best interview in eons. Finkelstein is seriously impressive. Here’s his stock over the last five years, also impressive.
If you have a business that needs a web presence, Shopify is the way to go. Seriously. I now own a few shares of SHOP. I can see it going to $2,000.
I hate Auto-Correct
It puts jumble where my brilliance should be. Here’s how to turn it off:
Settings/General/Keyboard/ Uncheck Auto-Correction.
Most useful tip I ever gave you. Send money. No, skip that.
Ice cream would be better in this weather. 😉 (That’s meant to be a smiley face.) WordPress doesn’t have smiley faces.
Vaccine strategy
I know you’re vaccinated. But please wear a mask. The new variants are really lethal.
Pfizer and Moderna are trying to get their vaccines OKed for kids and adolescents.
I think Moderna will go higher.
Boeing is too hard
+ They got a big order from United.
+ They’re having their usual safety issues with the new 777X.
The play was to buy it at $100. Not now.
The CNBC Disruptor 50
When I ask young’ens why they don’t start businesses, they always say “capital.” I tell them that’s not a reason, that’s an excuse. Instance:
The CNBC Disruptor 50 have raised over $72 billion. The list of all 50 is here. Click here.
Sad about China
Xi at Communist Party anniversary said China won’t accept ‘sanctimonious preaching’ from others.” (Like us.)
We should pay attention. He’s the boss for the next umpteen (many) years. He’ll do exactly what he feels is necessary for him to stay in power: Violating international agreements — e.g. Hong Kong. Locking up people he doesn’t like. Closing down media that criticizes him — e.g. Apple Daily. Putting a million or so Uyghurs in “re-education” camps. Putting face recognition surveillance cameras on every street corner. And stealing U.S. technology.
Our preaching and/or sanctions against his clear civil rights violations ain’t going to do us any good, or stop his nasty practices. He does them — there’ll be more — because he intends to stay in power. Locking up your enemies and non-friendly journalists works.
For me, there are two implications:
- I will not go there. I now lump China with Iran, Turkey and Russia as dangerous places I will not visit.
- I will not invest in Chinese stocks. Here’s a chart showing the performance of the biggest U.S. listed Chinese stocks. It shows that at the beginning of February the word got out that Chinese stocks were toxic. The resulting crash has not been pretty.
There are actually a whole bunch of Chinese stocks on U.S. exchanges. Sadly, most of them don’t conform to American accounting principles, so you can’t trust their financials. Here’s the list of listed Chinese stocks. Please don’t buy any. Click here.
I’ll stay with stocks that have a heavy presence in China — e.g. Nike and Tesla. But I’ll watch them carefully. God knows what Xi’s next brilliant idea will be.
It’s nice to know I can write this blog in the U.S. and not be thrown in jail for months without a trial.
Wonderful recent New Yorker cartoons
The good news
Inflation is ebbing. Lumber prices are dropping. Shortages are easing. In mid-May, I bought a new Lenovo (made in China) laptop, brimful of hard-to-get chips. They said I’d get it in late September. I received it yesterday.
I believe tomorrow’s unemployment numbers will be strong.
See you tomorrow morning after the numbers come out and after I try and play tennis for the first time this week.
I got so desperate with my shoulder I stated reading articles and booklets on fixing it.
My conclusion: Ice it. Rest it. And never hit another aggressive overhead smash again. Be thankful I’m still alive.
–– Harry Newton
