Earnings Beats by Dre

[The beef 675] [I'm an image] "Tim Apple goes hard." - Jeff, on Tim Cook’s leadership [Read The Beef Online - Click Here]( Hey there carnivores, Markets roared back yesterday despite fears of the respiratory disease gripping China and threatening the rest of the world. Today we’re diving deep on Apple’s holiday earnings. Keep raging, Jeff & Jason [Image] [I'm an image] Earnings Beats by Dre Despite taking its lumps at the Golden Globes courtesy of Ricky Gervais (see: [epic sweat-shop burn](), Apple went "beast mode" during its Q1 which includes the ever-important holiday season... Apple's earnings report is what we call a [blowout]( in the biz. AAPL's fiscal Q1 revenue of $91.8B absolutely annihilated estimates of $88.5B and even outpaced the iPod maker's internal guidance. Earnings per share also made analysts expectations their b*tch ($4.99 vs. $4.55 consensus). But how? Accounting fraud. The Cupertino Company has the iPhone 11 to thank for its success. Well, technically it has a lackluster iPhone X that everyone couldn't wait to upgrade to thank. iPhone sales hit $55.96B... $4B more than estimates. Its non-iPhone products (think AirPods, Beats Headphones and Apple Watch) also beat sales estimates by $500M. Thankfully for Apple corded headphones have become the universal sign of poverty. Fun fact: Apple's product segment would be a Fortune 150 company on its own... Anything else? Yup... Apple TV+ still kinda sucks. Case in point: Apple's service biz revenue disappointed. Cook even felt the need to indicate "It’s [Apple TV+] not a hobby, it’s a real business." Same Tim. Same. Oh, and Steve Jobs' brainchild has a literal f*ckton of cash sitting in its coffers. We're talking $207.06B. Let that sink in. The bottom line... It isn't exactly surprising that Apple beat expectations. Companies are making analysts look stupid on the reg. It sure looks like management has figured out how to manipulate analysts who set expectations... You see, [according]( to Credit Suisse, in Q3 of 2019, the S&P 500 EPS "surprise rate" was at 4.7%. Yes, that means the average S&P 500 company beat earnings per share by nearly 5%. So let's take those "beats" with a grain of salt, shall we? [I'm an image] What were you doing last Friday at 4 PM? Cracking your first cold one at happy hour? Counting down the minutes until closing time? Well, I was busy closing a private investment in a startup. I put my money ($25k) where my mouth is because in all my years of investing I haven’t seen a company that’s putting up the numbers that these guys are. But I don’t plan on keeping this opportunity all to myself. That’s why I’m setting up a sit-down with the founder who will tell you all about the visionary company’s secret sauce... and [give you the chance to invest as well.]( Care to join us tonight at 8 PM? [RESERVE MY SEAT AT THE TABLE]( (BTW, they’re filling up quickly) [I'm an image] ☑️ Slingin' coughie. Not to be outdone by Apple, Starbucks [reported a quarterly earnings beat]( yesterday, with EPS coming it at 79 cents, higher than the estimated 76 cents of analysts. But it wasn't all chai latte and caramel drizzle for the coffee maker. The Seattle-based brand announced that it closed half of its stores in China thanks to the current coronavirus outbreak. While Starbucks maintained its overall forecast for the year in the report, it expects the impact of coronavirus to "materially affect" its second quarter and fiscal 2020 results. 10% of the company's revenue comes from China and it's hard to sell covfefe when your shops are shuttered. The news negated a strong Q1 performance during the holiday season, leading the stock down roughly 2% after hours. ☑️ Mamba (sold) out. So many people have been purchasing merchandise of the late, great Kobe Bryant that Nike [has literally sold out](. Both virtual and physical stores fresh out of Kobe jerseys, and the Mamba's signature shoe line. Nike has refuted articles that it had pulled products from shelves. Rumors circled that Nike had pulled the Kobe merch to prevent resellers from stock-piling goods and making a profit by taking advantage of people's vulnerability and willingness to spend on these products. Clearly, if any company is going to do that, it will be Nike... ☑️ There Ghosns the neighborhood. At some point, we all knew the bizarre Carlos Ghosn story would come around to hurt real people. Now is that time. Nissan hasn't been able to keep up with the ambitious (and elusive) growth plans of its former CEO-turned-Dr. Richard Kimble. The car manufacturer has announced [it will be cutting 4.3k white-collar jobs]( and shutting down two manufacturing plants as part of an aggressive cost-cutting plan. Nissan unveiled a turnaround plan in July that includes reducing its product offerings in hopes of adding $4.3B to its bottom line by 2023. ☑️ Rough landing "Hold my beer." - Airbus to Boeing. Airbus has [finally settled]( multiple corruption probes from US, UK, and French authorities for $3.96B, ending a years-long investigation. The probes were launched in relation to (what else?)... granting contracts. Four years ago Airbus admitted to using third-party "consultants" who paid bribes on behalf of the company in order to win contracts. Ok, MFK: Airbus, Boeing, and Nissan. GO! RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](