我是Apes personal page - To The Moon

我是Apes

我是Apes

No personal profile

144Follow

7Followers

1Topic

0Badge

2021-06-03

$AMC Entertainment(AMC)$not sellingg

2021-06-15

$AMC Entertainment(AMC)$??????

2021-06-14

$AMC Entertainment(AMC)$LETS GOOOOOOK

2021-04-22

Comment abd like thanks

Sorry, the original content has been removed

2021-06-09

$AMC Entertainment(AMC)$?????

2021-05-05

#regret

Sorry, the original content has been removed

2021-05-14

$AMC Entertainment(AMC)$

2021-04-14

Comple like

Sorry, the original content has been removed

2021-02-22

$Viatris Inc.(VTRS)$Viatris ($VTRS) Extremely Undervalued and Estimated 5% Dividend Yield Soon.Viatris is a new pharmaceutical stock formed from the combination of Mylan and the Upjohn division of Pfizer, released onto the Nasdaq in November.The company offers many well-known therapies (such as Xanax, Viagra, etc) which were originally part of Upjohn's collection of branded drugs.Below a brief summary of both the negatives and positives surrounding this stock, however if you want a better understanding I have left some articles below.Positives* The company plans to offer a dividend (estimated around 5% yield) using at least 25% of the company's free cash flow. This is a lot better than Pfizer's current yield of around 4.2%.* A dividend cut down the r

2021-05-05

Nice commetnt like

Sorry, the original content has been removed

2021-04-25

Like and comment

Sorry, the original content has been removed

2021-04-25

Comment

Sorry, the original content has been removed

2021-06-24

Nice

Sorry, the original content has been removed

2021-05-04

Booo

Sorry, the original content has been removed

2021-05-04

Comment like

Sorry, the original content has been removed

2022-07-13

Likeee

Apple Could Be Squeezed By Falling Money Supply

2021-05-21

Help

Sorry, the original content has been removed

2021-05-18

$AMC Entertainment(AMC)$??

2021-04-15

Like

Sorry, the original content has been removed

Go to Tiger App to see more news

Invest in Global Markets with Tiger Brokers!

Open App

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3573712344781533","uuid":"3573712344781533","gmtCreate":1610618972970,"gmtModify":1613569423012,"name":"我是Apes","pinyin":"wsapeswoshiapes","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":7,"headSize":144,"tweetSize":54,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":1,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.07%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.06%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9078279574,"gmtCreate":1657703852698,"gmtModify":1676536048735,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Likeee","listText":"Likeee","text":"Likeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9078279574","repostId":"1183317786","repostType":4,"repost":{"id":"1183317786","kind":"news","pubTimestamp":1657725663,"share":"https://ttm.financial/m/news/1183317786?lang=&edition=full_marsco","pubTime":"2022-07-13 23:21","market":"us","language":"en","title":"Apple Could Be Squeezed By Falling Money Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1183317786","media":"Seeking Alpha","summary":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recen","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple seems sensitive to money supply changes.</li><li>The money supply has moved lower recently.</li><li>Recent comments from the Federal Reserve suggest the money supply could continue to fall.</li><li>Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.</li></ul><p><b>An Ominous Sign Emerges From Recent Money Stock Changes</b></p><p>Apple&#39;s (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple&#39;s business is close to a decline as well. It&#39;s hard to recommend outright shorting Apple, given their track record, but <i>investors might consider reducing their positions if they are currently holding AAPL shares</i>.</p><p><b>Apple Seems Sensitive To The Money Supply</b></p><p>Below, in orange, is a line that charts Apple&#39;s net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.</p><p><img src=\"https://static.tigerbbs.com/528936fdee032a8df5df1f1d9346f525\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.</p><p>Comparing Apple&#39;s total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn&#39;t a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.</p><p><img src=\"https://static.tigerbbs.com/2601df6c94bcf33cf9d8cb513831f02b\" tg-width=\"1280\" tg-height=\"438\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.</p><p>Below is a chart of Apple&#39;s revenue over the last five years, followed by the money stock over the same period.</p><p><img src=\"https://static.tigerbbs.com/d85bcf86056d9f31c4696dcff5cb61ce\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/f11921668cd853bfe3dc9a034bd4f0a1\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.</p><p>Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple&#39;s gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.</p><p><img src=\"https://static.tigerbbs.com/bb3e8ea9499f7bf942e815b8629bc4b3\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/9de35bc7a244e8f28e9c7246ee334e17\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/5a0dcb7a36a761a9ae06fd52c7f67f09\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.</p><p>The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple&#39;s net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.</p><p><b>Apple&#39;s Profit Margin Could Retreat From The Recent High Watermark</b><img src=\"https://static.tigerbbs.com/72bedb4549bcfeabac38c78e2582fbe3\" tg-width=\"1280\" tg-height=\"444\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Discussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.</p><p>Apple&#39;s total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.</p><p><img src=\"https://static.tigerbbs.com/0b79a57b9e23952ddfd1caa062c3d8fe\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>According tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.</p><p>Higher services hit a record in Q1 2021. It&#39;s intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple&#39;s business. It doesn&#39;t cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.</p><p>My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple&#39;s gross profit margins are likely to move lower.</p><p><b>Apple Stock Jumped When Interest Rates Started Dropping</b></p><p>An article by Hunkar Ozyasaron Zacks.com notes,<i>“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”</i>From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&amp;P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.</p><p><img src=\"https://static.tigerbbs.com/4b8bb00b5e7614aa6767abf974c06357\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>The Money Supply Is Contracting</b></p><p>Since January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple&#39;s ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple&#39;s books sometime soon.</p><p><b>Peer Stocks Aren&#39;t Waiting For Apple</b></p><p>Comparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.</p><p><img src=\"https://static.tigerbbs.com/086832380f269b21a2fd83d8cc9d4139\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Charted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?</p><p><img src=\"https://static.tigerbbs.com/c94585746919c5467bda08f0283ff58c\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Macro Considerations</b></p><p>Chairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple&#39;s profitability.</p><p><b>Modeling Growth</b></p><p>Consider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually <i>contracted</i> 3.56%, despite three separate iPhone model launches contributing to Apple&#39;s revenue, each offering a variety of device versions with diverse features and across a range of price points.</p><p><img src=\"https://static.tigerbbs.com/d64c5fd4e8e04894d00c02d07c82a81d\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>And if you look further back, at the <i>five</i> years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we&#39;re talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?</p><p><img src=\"https://static.tigerbbs.com/b118c3060735a60824a74f03f86a2568\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>I think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed&#39;s stated resolve to fight it, I just don&#39;t think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple&#39;s large market cap and general declining smartphone demand will act to suppress growth.</p><p><b>Risks</b></p><p>If services growth continues to climb higher, it could support Apple&#39;s profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn&#39;t tax-advantaged, it&#39;s possible that whatever risk you might be able to offload by selling AAPL won&#39;t make up for what is lost when you have to pay capital gains on your sale.</p><p>It&#39;s also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway&#39;s (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.</p><p><b>Conclusion</b></p><p>Companies can&#39;t grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Could Be Squeezed By Falling Money Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Be Squeezed By Falling Money Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183317786","content_text":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.An Ominous Sign Emerges From Recent Money Stock ChangesApple's (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple's business is close to a decline as well. It's hard to recommend outright shorting Apple, given their track record, but investors might consider reducing their positions if they are currently holding AAPL shares.Apple Seems Sensitive To The Money SupplyBelow, in orange, is a line that charts Apple's net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.Comparing Apple's total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn't a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.Below is a chart of Apple's revenue over the last five years, followed by the money stock over the same period.Seeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple's gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.Seeking AlphaSeeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple's net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.Apple's Profit Margin Could Retreat From The Recent High WatermarkSeeking AlphaDiscussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.Apple's total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.Seeking AlphaAccording tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.Higher services hit a record in Q1 2021. It's intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple's business. It doesn't cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple's gross profit margins are likely to move lower.Apple Stock Jumped When Interest Rates Started DroppingAn article by Hunkar Ozyasaron Zacks.com notes,“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.Seeking AlphaThe Money Supply Is ContractingSince January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple's ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple's books sometime soon.Peer Stocks Aren't Waiting For AppleComparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.Seeking AlphaCharted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?Seeking AlphaMacro ConsiderationsChairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple's profitability.Modeling GrowthConsider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually contracted 3.56%, despite three separate iPhone model launches contributing to Apple's revenue, each offering a variety of device versions with diverse features and across a range of price points.Seeking AlphaAnd if you look further back, at the five years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we're talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?Seeking AlphaI think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed's stated resolve to fight it, I just don't think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple's large market cap and general declining smartphone demand will act to suppress growth.RisksIf services growth continues to climb higher, it could support Apple's profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn't tax-advantaged, it's possible that whatever risk you might be able to offload by selling AAPL won't make up for what is lost when you have to pay capital gains on your sale.It's also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway's (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.ConclusionCompanies can't grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078007586,"gmtCreate":1657591427445,"gmtModify":1676536031457,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a>Legggggggggo this is the week","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a>Legggggggggo this is the week","text":"$AMC Entertainment(AMC)$Legggggggggo this is the week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078007586","isVote":1,"tweetType":1,"viewCount":854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126852425,"gmtCreate":1624552517467,"gmtModify":1703840299446,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/126852425","repostId":"1198422658","repostType":4,"isVote":1,"tweetType":1,"viewCount":1045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168126483,"gmtCreate":1623967386942,"gmtModify":1703824725061,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168126483","repostId":"1108846547","repostType":4,"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187541858,"gmtCreate":1623760268174,"gmtModify":1703818392475,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??????","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??????","text":"$AMC Entertainment(AMC)$??????","images":[{"img":"https://static.tigerbbs.com/6a48595509fb1559a29356cc43723375","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187541858","isVote":1,"tweetType":1,"viewCount":1139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":185718640,"gmtCreate":1623673127780,"gmtModify":1704208287402,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>LETS GOOOOOOK","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>LETS GOOOOOOK","text":"$AMC Entertainment(AMC)$LETS GOOOOOOK","images":[{"img":"https://static.tigerbbs.com/1a66b719f8cf1fb526261f2182df26b4","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/185718640","isVote":1,"tweetType":1,"viewCount":1677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189023641,"gmtCreate":1623234318783,"gmtModify":1704198927388,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>?????","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>?????","text":"$AMC Entertainment(AMC)$?????","images":[{"img":"https://static.tigerbbs.com/b9fbff414d5aaf29b9ee6169cdd67e3e","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189023641","isVote":1,"tweetType":1,"viewCount":1568,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569525864109065","authorId":"3569525864109065","name":"vstrom83","avatar":"https://static.tigerbbs.com/a5d13977ee62b8a8c84eccf40c3f3053","crmLevel":3,"crmLevelSwitch":0,"idStr":"3569525864109065","authorIdStr":"3569525864109065"},"content":"I hope you yolo-ed and didnt just invest kopi money. ?","text":"I hope you yolo-ed and didnt just invest kopi money. ?","html":"I hope you yolo-ed and didnt just invest kopi money. ?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":111295540,"gmtCreate":1622681541480,"gmtModify":1704188755250,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>not sellingg","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>not sellingg","text":"$AMC Entertainment(AMC)$not sellingg","images":[{"img":"https://static.tigerbbs.com/53430eaab05a1f380ff48e7cb9e6df7f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/111295540","isVote":1,"tweetType":1,"viewCount":2412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":133996789,"gmtCreate":1621680391541,"gmtModify":1704361406497,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile] [Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/133996789","isVote":1,"tweetType":1,"viewCount":1210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139956907,"gmtCreate":1621586628809,"gmtModify":1704360107961,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Done","listText":"Done","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139956907","repostId":"1183081505","repostType":4,"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139958485,"gmtCreate":1621586615747,"gmtModify":1704360107473,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Help","listText":"Help","text":"Help","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/139958485","repostId":"1142793723","repostType":4,"isVote":1,"tweetType":1,"viewCount":855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197272202,"gmtCreate":1621471394406,"gmtModify":1704358074306,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"[Cry]&nbsp;[Cry]&nbsp;[Cry]&nbsp;","listText":"[Cry]&nbsp;[Cry]&nbsp;[Cry]&nbsp;","text":"[Cry] [Cry] [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197272202","isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194223456,"gmtCreate":1621383549475,"gmtModify":1704356651576,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"[Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","listText":"[Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","text":"[Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194223456","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195228283,"gmtCreate":1621298258642,"gmtModify":1704355290206,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??","text":"$AMC Entertainment(AMC)$??","images":[{"img":"https://static.tigerbbs.com/654f3ef6b050f24d2d533b505f650532","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195228283","isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":195228935,"gmtCreate":1621298222427,"gmtModify":1704355289552,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile] [Smile] [Smile] [Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195228935","isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198885513,"gmtCreate":1620951134332,"gmtModify":1704350928759,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198885513","repostId":"2135732206","repostType":4,"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198882710,"gmtCreate":1620951084330,"gmtModify":1704350927467,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198882710","repostId":"1143623731","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198883606,"gmtCreate":1620950942905,"gmtModify":1704350921958,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;","text":"$AMC Entertainment(AMC)$[Allin] [Allin] [Allin] [Allin] [Allin]","images":[{"img":"https://static.tigerbbs.com/e962b27f80ef6d9ea1b2ee52352e8af6","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/198883606","isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571548538762013","authorId":"3571548538762013","name":"RedMonkey","avatar":"https://static.tigerbbs.com/7e9412e6a8e8615aeee7e49319ab830a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3571548538762013","authorIdStr":"3571548538762013"},"content":"I like your DP. [Happy]","text":"I like your DP. [Happy]","html":"I like your DP. [Happy]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":193800768,"gmtCreate":1620778019354,"gmtModify":1704348139114,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Heheheh","listText":"Heheheh","text":"Heheheh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193800768","isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199633050,"gmtCreate":1620698717170,"gmtModify":1704346937431,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Heheheheh","listText":"Heheheheh","text":"Heheheheh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199633050","isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":111295540,"gmtCreate":1622681541480,"gmtModify":1704188755250,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>not sellingg","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>not sellingg","text":"$AMC Entertainment(AMC)$not sellingg","images":[{"img":"https://static.tigerbbs.com/53430eaab05a1f380ff48e7cb9e6df7f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/111295540","isVote":1,"tweetType":1,"viewCount":2412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":187541858,"gmtCreate":1623760268174,"gmtModify":1703818392475,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??????","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??????","text":"$AMC Entertainment(AMC)$??????","images":[{"img":"https://static.tigerbbs.com/6a48595509fb1559a29356cc43723375","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187541858","isVote":1,"tweetType":1,"viewCount":1139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":185718640,"gmtCreate":1623673127780,"gmtModify":1704208287402,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>LETS GOOOOOOK","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>LETS GOOOOOOK","text":"$AMC Entertainment(AMC)$LETS GOOOOOOK","images":[{"img":"https://static.tigerbbs.com/1a66b719f8cf1fb526261f2182df26b4","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/185718640","isVote":1,"tweetType":1,"viewCount":1677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":378720866,"gmtCreate":1619062925955,"gmtModify":1704719068001,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Comment abd like thanks","listText":"Comment abd like thanks","text":"Comment abd like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/378720866","repostId":"2129808688","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3561975721283567","authorId":"3561975721283567","name":"WTurtle","avatar":"https://static.tigerbbs.com/f365603f5d6014baec364bc1bdd93afd","crmLevel":3,"crmLevelSwitch":0,"idStr":"3561975721283567","authorIdStr":"3561975721283567"},"content":"Kindly commeNt abck","text":"Kindly commeNt abck","html":"Kindly commeNt abck"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189023641,"gmtCreate":1623234318783,"gmtModify":1704198927388,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>?????","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>?????","text":"$AMC Entertainment(AMC)$?????","images":[{"img":"https://static.tigerbbs.com/b9fbff414d5aaf29b9ee6169cdd67e3e","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189023641","isVote":1,"tweetType":1,"viewCount":1568,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569525864109065","authorId":"3569525864109065","name":"vstrom83","avatar":"https://static.tigerbbs.com/a5d13977ee62b8a8c84eccf40c3f3053","crmLevel":3,"crmLevelSwitch":0,"idStr":"3569525864109065","authorIdStr":"3569525864109065"},"content":"I hope you yolo-ed and didnt just invest kopi money. ?","text":"I hope you yolo-ed and didnt just invest kopi money. ?","html":"I hope you yolo-ed and didnt just invest kopi money. ?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102665131,"gmtCreate":1620208137823,"gmtModify":1704340188731,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"#regret","listText":"#regret","text":"#regret","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/102665131","repostId":"1115203133","repostType":4,"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198883606,"gmtCreate":1620950942905,"gmtModify":1704350921958,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;[Allin]&nbsp;","text":"$AMC Entertainment(AMC)$[Allin] [Allin] [Allin] [Allin] [Allin]","images":[{"img":"https://static.tigerbbs.com/e962b27f80ef6d9ea1b2ee52352e8af6","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/198883606","isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571548538762013","authorId":"3571548538762013","name":"RedMonkey","avatar":"https://static.tigerbbs.com/7e9412e6a8e8615aeee7e49319ab830a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3571548538762013","authorIdStr":"3571548538762013"},"content":"I like your DP. [Happy]","text":"I like your DP. [Happy]","html":"I like your DP. [Happy]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":344905911,"gmtCreate":1618364398933,"gmtModify":1704709684753,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Comple like&nbsp;","listText":"Comple like&nbsp;","text":"Comple like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344905911","repostId":"2127045633","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578196134540225","authorId":"3578196134540225","name":"zeeling","avatar":"https://static.tigerbbs.com/901d745faf2cd5225a6dbed44ad6236a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3578196134540225","authorIdStr":"3578196134540225"},"content":"cool","text":"cool","html":"cool"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369151507,"gmtCreate":1614010008309,"gmtModify":1704886953484,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VTRS\">$Viatris Inc.(VTRS)$</a>Viatris ($VTRS) Extremely Undervalued and Estimated 5% Dividend Yield Soon.Viatris is a new pharmaceutical stock formed from the combination of Mylan and the Upjohn division of Pfizer, released onto the Nasdaq in November.The company offers many well-known therapies (such as Xanax, Viagra, etc) which were originally part of Upjohn's collection of branded drugs.Below a brief summary of both the negatives and positives surrounding this stock, however if you want a better understanding I have left some articles below.Positives* The company plans to offer a dividend (estimated around 5% yield) using at least 25% of the company's free cash flow. This is a lot better than Pfizer's current yield of around 4.2%.* A dividend cut down the r","listText":"<a href=\"https://laohu8.com/S/VTRS\">$Viatris Inc.(VTRS)$</a>Viatris ($VTRS) Extremely Undervalued and Estimated 5% Dividend Yield Soon.Viatris is a new pharmaceutical stock formed from the combination of Mylan and the Upjohn division of Pfizer, released onto the Nasdaq in November.The company offers many well-known therapies (such as Xanax, Viagra, etc) which were originally part of Upjohn's collection of branded drugs.Below a brief summary of both the negatives and positives surrounding this stock, however if you want a better understanding I have left some articles below.Positives* The company plans to offer a dividend (estimated around 5% yield) using at least 25% of the company's free cash flow. This is a lot better than Pfizer's current yield of around 4.2%.* A dividend cut down the r","text":"$Viatris Inc.(VTRS)$Viatris ($VTRS) Extremely Undervalued and Estimated 5% Dividend Yield Soon.Viatris is a new pharmaceutical stock formed from the combination of Mylan and the Upjohn division of Pfizer, released onto the Nasdaq in November.The company offers many well-known therapies (such as Xanax, Viagra, etc) which were originally part of Upjohn's collection of branded drugs.Below a brief summary of both the negatives and positives surrounding this stock, however if you want a better understanding I have left some articles below.Positives* The company plans to offer a dividend (estimated around 5% yield) using at least 25% of the company's free cash flow. This is a lot better than Pfizer's current yield of around 4.2%.* A dividend cut down the r","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/369151507","isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102662536,"gmtCreate":1620208110425,"gmtModify":1704340187114,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Nice commetnt like","listText":"Nice commetnt like","text":"Nice commetnt like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/102662536","repostId":"2132510807","repostType":4,"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582775098103345","authorId":"3582775098103345","name":"OMZ","avatar":"https://static.tigerbbs.com/ca349f863c38e1c6aef2ca4511498926","crmLevel":1,"crmLevelSwitch":0,"idStr":"3582775098103345","authorIdStr":"3582775098103345"},"content":"Please help to rePonse to my comment rhabjs","text":"Please help to rePonse to my comment rhabjs","html":"Please help to rePonse to my comment rhabjs"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375615808,"gmtCreate":1619331883504,"gmtModify":1704722582699,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/375615808","repostId":"1184404050","repostType":4,"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375612107,"gmtCreate":1619331797709,"gmtModify":1704722581082,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/375612107","repostId":"1131602193","repostType":4,"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126852425,"gmtCreate":1624552517467,"gmtModify":1703840299446,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/126852425","repostId":"1198422658","repostType":4,"isVote":1,"tweetType":1,"viewCount":1045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106551416,"gmtCreate":1620135903335,"gmtModify":1704339128946,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Booo","listText":"Booo","text":"Booo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/106551416","repostId":"1138710102","repostType":4,"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106553158,"gmtCreate":1620135863774,"gmtModify":1704339126844,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Comment like","listText":"Comment like","text":"Comment like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/106553158","repostId":"1141446343","repostType":4,"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078279574,"gmtCreate":1657703852698,"gmtModify":1676536048735,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Likeee","listText":"Likeee","text":"Likeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9078279574","repostId":"1183317786","repostType":4,"repost":{"id":"1183317786","kind":"news","pubTimestamp":1657725663,"share":"https://ttm.financial/m/news/1183317786?lang=&edition=full_marsco","pubTime":"2022-07-13 23:21","market":"us","language":"en","title":"Apple Could Be Squeezed By Falling Money Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1183317786","media":"Seeking Alpha","summary":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recen","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple seems sensitive to money supply changes.</li><li>The money supply has moved lower recently.</li><li>Recent comments from the Federal Reserve suggest the money supply could continue to fall.</li><li>Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.</li></ul><p><b>An Ominous Sign Emerges From Recent Money Stock Changes</b></p><p>Apple&#39;s (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple&#39;s business is close to a decline as well. It&#39;s hard to recommend outright shorting Apple, given their track record, but <i>investors might consider reducing their positions if they are currently holding AAPL shares</i>.</p><p><b>Apple Seems Sensitive To The Money Supply</b></p><p>Below, in orange, is a line that charts Apple&#39;s net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.</p><p><img src=\"https://static.tigerbbs.com/528936fdee032a8df5df1f1d9346f525\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.</p><p>Comparing Apple&#39;s total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn&#39;t a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.</p><p><img src=\"https://static.tigerbbs.com/2601df6c94bcf33cf9d8cb513831f02b\" tg-width=\"1280\" tg-height=\"438\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.</p><p>Below is a chart of Apple&#39;s revenue over the last five years, followed by the money stock over the same period.</p><p><img src=\"https://static.tigerbbs.com/d85bcf86056d9f31c4696dcff5cb61ce\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/f11921668cd853bfe3dc9a034bd4f0a1\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.</p><p>Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple&#39;s gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.</p><p><img src=\"https://static.tigerbbs.com/bb3e8ea9499f7bf942e815b8629bc4b3\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/9de35bc7a244e8f28e9c7246ee334e17\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.tigerbbs.com/5a0dcb7a36a761a9ae06fd52c7f67f09\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.</p><p>The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple&#39;s net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.</p><p><b>Apple&#39;s Profit Margin Could Retreat From The Recent High Watermark</b><img src=\"https://static.tigerbbs.com/72bedb4549bcfeabac38c78e2582fbe3\" tg-width=\"1280\" tg-height=\"444\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Discussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.</p><p>Apple&#39;s total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.</p><p><img src=\"https://static.tigerbbs.com/0b79a57b9e23952ddfd1caa062c3d8fe\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>According tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.</p><p>Higher services hit a record in Q1 2021. It&#39;s intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple&#39;s business. It doesn&#39;t cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.</p><p>My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple&#39;s gross profit margins are likely to move lower.</p><p><b>Apple Stock Jumped When Interest Rates Started Dropping</b></p><p>An article by Hunkar Ozyasaron Zacks.com notes,<i>“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”</i>From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&amp;P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.</p><p><img src=\"https://static.tigerbbs.com/4b8bb00b5e7614aa6767abf974c06357\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>The Money Supply Is Contracting</b></p><p>Since January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple&#39;s ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple&#39;s books sometime soon.</p><p><b>Peer Stocks Aren&#39;t Waiting For Apple</b></p><p>Comparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.</p><p><img src=\"https://static.tigerbbs.com/086832380f269b21a2fd83d8cc9d4139\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Charted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?</p><p><img src=\"https://static.tigerbbs.com/c94585746919c5467bda08f0283ff58c\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Macro Considerations</b></p><p>Chairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple&#39;s profitability.</p><p><b>Modeling Growth</b></p><p>Consider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually <i>contracted</i> 3.56%, despite three separate iPhone model launches contributing to Apple&#39;s revenue, each offering a variety of device versions with diverse features and across a range of price points.</p><p><img src=\"https://static.tigerbbs.com/d64c5fd4e8e04894d00c02d07c82a81d\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>And if you look further back, at the <i>five</i> years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we&#39;re talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?</p><p><img src=\"https://static.tigerbbs.com/b118c3060735a60824a74f03f86a2568\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>I think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed&#39;s stated resolve to fight it, I just don&#39;t think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple&#39;s large market cap and general declining smartphone demand will act to suppress growth.</p><p><b>Risks</b></p><p>If services growth continues to climb higher, it could support Apple&#39;s profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn&#39;t tax-advantaged, it&#39;s possible that whatever risk you might be able to offload by selling AAPL won&#39;t make up for what is lost when you have to pay capital gains on your sale.</p><p>It&#39;s also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway&#39;s (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.</p><p><b>Conclusion</b></p><p>Companies can&#39;t grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Could Be Squeezed By Falling Money Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Be Squeezed By Falling Money Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4522849-apple-could-be-squeezed-by-falling-money-supply?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183317786","content_text":"SummaryApple seems sensitive to money supply changes.The money supply has moved lower recently.Recent comments from the Federal Reserve suggest the money supply could continue to fall.Mega-cap stocks moved lower over the last eight months, while AAPL has resisted declining in line with its peers.An Ominous Sign Emerges From Recent Money Stock ChangesApple's (NASDAQ:AAPL) profitability seems to respond to changes in the Real M2 Money Stock. With that data series moving steadily lower over the last seven months, I find myself wondering if Apple's business is close to a decline as well. It's hard to recommend outright shorting Apple, given their track record, but investors might consider reducing their positions if they are currently holding AAPL shares.Apple Seems Sensitive To The Money SupplyBelow, in orange, is a line that charts Apple's net income from 2010 to the present time. The overlaid green line shows the change in Real M2 Money Stock over the same twelve-year timeframe.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 9, 2022.Comparing Apple's total return to the same Real M2 Money Stock change over the last twelve years shows a similar trend. That isn't a surprising thing to observe: Apple has used profits to aggressively buy back shares starting in 2013.Seeking Alpha, Federal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 9, 2022.Below is a chart of Apple's revenue over the last five years, followed by the money stock over the same period.Seeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2REAL, July 11, 2022.Before 2020, the last time the money stock jumped sharply higher was in the fall of 2008. Below is a graph that shows Apple's gross profit margin in 2008 and 2009 and one that shows net income in the same stretch, followed by the Real M2 Money Stock across the same timeframe.Seeking AlphaSeeking AlphaFederal Reserve Bank of St. Louis, Real M2 Money Stock [M2REAL], retrieved from FRED, Federal Reserve Bank of St. Louis; Real M2 Money Stock, July 11, 2022.The money stock jumped by about 10.5% from Q3 2008 to Q2 2009. Apple's net income grew about 21% per quarter in that span. In the two years leading up to Q3 2008, Apple grew net income by about 12% per quarter, while the money stock increased less than 5% over that stretch.Apple's Profit Margin Could Retreat From The Recent High WatermarkSeeking AlphaDiscussing recent high profit margins, an article posted to Forbes.com on February 3rd, 2021 suggested 1) that high revenues (at the time) helped Apple minimize the fixed costs that go into making an iPhone, 2) that Apple was more successful in convincing customers to buy the pro version of their devices, and 3) that growth in services revenue further absorbed fixed costs. I wanted to dig deeper into those suggestions.Apple's total revenue over the last twelve years, charted below, moves somewhat sympathetically to gross profit margin at times but, to my eye, that relationship is hard to see with confidence.Seeking AlphaAccording tobacklinko.com, the iPhone 12 outsold the second most popular model, however, if you combine iPhone Pro Max and iPhone Pro sales numbers, the high-end phones outsold the iPhone 12 by 50%. Information sourced from 9to5mac.com confirms that the dynamic of buying the more expensive model was a change compared to the iPhone 11 launch, where the baseline model outsold the pro models.Higher services hit a record in Q1 2021. It's intuitive to recognize that services revenue growth diminishes the fixed cost of designing the systems that support that arm of Apple's business. It doesn't cost Apple anything to sell an additional digital book, mp3, or app subscription. With a burst of new customers introduced to the Apple ecosystem during the pandemic, it logically follows that services would see a boost.My independent checks of the claims made in the Forbes article lead me to believe that higher margins in 2020 and early 2021 were mostly a function of 1) selling pro versions of the devices Apple released and 2) growing services revenue. According to macrumors.com, the iPhone 13 is currently outselling the pro models, similar to the sales dynamic of the iPhone 11 launch. Although services revenue growth may offset the hit to margins that could come from cheaper models regaining popularity, this dynamic suggests to me that Apple's gross profit margins are likely to move lower.Apple Stock Jumped When Interest Rates Started DroppingAn article by Hunkar Ozyasaron Zacks.com notes,“Stock prices tend to move higher when the money supply in an economy is high. Plenty of money circulating in the economy both makes more money available to invest in stocks and also makes alternative investment instruments, such as bonds, less attractive.”From my perspective, Apple has become especially sensitive to money supply changes. Below is a graph that compares the total return for Apple against that of the S&P 500. Apple struggled to keep pace for years, and then began jumping higher, just as interest rates started to be lowered in August 2019 and the money supply started to accelerate upward.Seeking AlphaThe Money Supply Is ContractingSince January, the money stock has declined by almost 3%. That might not seem like a lot, but in the last twelve years, outside the last seven months, the money stock has hardly ever decreased at all. You have to go all the way back to 1995, 27 years ago, to find a decrease of at least 3% in the Real M2 Money Stock. If some part of Apple's ability to grow net income is tied to money supply growth, I would expect a contraction in net income to start showing up on Apple's books sometime soon.Peer Stocks Aren't Waiting For AppleComparing total return over the last eight years for the four American companies that have a market cap north of a trillion dollars, Apple, Microsoft, Google, and Amazon, reveals that all of these behemoths may respond, to some degree, to a change in the real money stock. Although some companies compared below might outperform others over time, they tend to move in roughly the same direction.Seeking AlphaCharted below is a comparison of the total return, as a percent change, for those big four companies, AAPL, MSFT, GOOG, and AMZN, over the last eight months. While three of the four companies have closely tracked lower, Apple seems determined to go its own way. Are investors wrong about three companies and right about one, or wrong about one company and right about the other three? Or is Apple actually in the process of differentiating itself from its peers?Seeking AlphaMacro ConsiderationsChairman of the Federal Reserve, Jerome Powell, recently suggested that the Fed is deeply committed to fighting the high inflation we are currently experiencing in the US. To do this, I think they will have to continue to bring the money stock lower. Based on the research presented in this article, I believe that possibility poses a risk to Apple's profitability.Modeling GrowthConsider the two-year period of time leading up to 9/26/2020. Net income in that stretch actually contracted 3.56%, despite three separate iPhone model launches contributing to Apple's revenue, each offering a variety of device versions with diverse features and across a range of price points.Seeking AlphaAnd if you look further back, at the five years preceding 9/26/2020, net income only grew a paltry 7.52%. Remember, this is Apple we're talking about across a five-year window. If you thought Apple would grow net income by 7.52% over the coming five years, would you be excited about buying shares at the current P/E GAAP of almost 24?Seeking AlphaI think Apple could easily return to a period of net income growth that was similar to what it realized leading up to the pandemic. Given high inflation and the Fed's stated resolve to fight it, I just don't think Apple is likely to enjoy any time soon the kinds of conditions that facilitated an enormous 77.55% rise in net income over just a year and a half. In addition to a contracting money supply, I suspect that Apple's large market cap and general declining smartphone demand will act to suppress growth.RisksIf services growth continues to climb higher, it could support Apple's profit margins and give the company the flexibility to lower prices on their devices. That, in turn, might allow Apple to better compete for a broader customer demographic and adapt to changing economic conditions that grow out of a shrinking money supply. If you hold shares of AAPL in a stock account that isn't tax-advantaged, it's possible that whatever risk you might be able to offload by selling AAPL won't make up for what is lost when you have to pay capital gains on your sale.It's also worth noting that Warren Buffett really likes Apple, which comprises around42%of Berkshire Hathaway's (BRK.A) (BRK.B) portfolio. Buffett likes to hold onto companies for a long time, and even added to his already lopsided AAPL bet in Q1, 2022.ConclusionCompanies can't grow infinitely larger. With a market cap near 2.4 trillion dollars, there is a lot that has to go right for Apple to continue growing at a meaningful rate. There are only so many people in the world with enough cash, enough internet access, enough electricity, and enough interest to buy the next iPhone. Google search trends for the term “iPhone” reveal a long and steady decline in interest, and shows a similar trend measuring searches for “iPad”. If the recent burst in profitability was tied to a rare bump in the money stock, Apple could be in danger of returning to a slower growth, lower margin, and lower net income environment. Share buybacks, it would follow, could dry up or slow down considerably.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139958485,"gmtCreate":1621586615747,"gmtModify":1704360107473,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Help","listText":"Help","text":"Help","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/139958485","repostId":"1142793723","repostType":4,"isVote":1,"tweetType":1,"viewCount":855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195228283,"gmtCreate":1621298258642,"gmtModify":1704355290206,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>??","text":"$AMC Entertainment(AMC)$??","images":[{"img":"https://static.tigerbbs.com/654f3ef6b050f24d2d533b505f650532","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195228283","isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":347963712,"gmtCreate":1618457046036,"gmtModify":1704711126475,"author":{"id":"3573712344781533","authorId":"3573712344781533","name":"我是Apes","avatar":"https://static.tigerbbs.com/6a668524a3a5b9a65a7b63f16182a34a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573712344781533","authorIdStr":"3573712344781533"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347963712","repostId":"1150469902","repostType":4,"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"idStr":"3569548778635529","authorIdStr":"3569548778635529"},"content":"Redpond to my comment pls.","text":"Redpond to my comment pls.","html":"Redpond to my comment pls."}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}