Week 19 – 25 Feb 2018

Shows: watch Nightly Business Report Monday Tuesday Wednesday Thursday Friday 27 min.
Shows: watch Best of Bloomberg Technology. 48 min.
Indices: chart Market (This week). Market (52 weeks). Portfolio (52 weeks).
Stocks: chart AAPL. AMZN. EBAY. FB. GOOGL. GOOG. PYPL. TWTR. V. VMW.


Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. “Risk” is the possibility that this objective won’t be attained.

By that standard, purportedly “risk-free” long-term bonds in 2012 were a far riskier investment than a longterm investment in common stocks. At that time, even a 1% annual rate of inflation between 2012 and 2017 would have decreased the purchasing-power of the government bond that Protégé and I sold.

I want to quickly acknowledge that in any upcoming day, week or even year, stocks will be riskier – far riskier – than short-term U.S. bonds. As an investor’s investment horizon lengthens, however, a diversified portfolio of U.S. equities becomes progressively less risky than bonds, assuming that the stocks are purchased at a sensible multiple of earnings relative to then-prevailing interest rates.

It is a terrible mistake for investors with long-term horizons – among them, pension funds, college endowments and savings-minded individuals – to measure their investment “risk” by their portfolio’s ratio of bonds to stocks. Often, high-grade bonds in an investment portfolio increase its risk.

Warren E. Buffett, Chairman of the Board, Berkshire Hathaway, Inc. “To the Shareholders of Berkshire Hathaway Inc.“, 24 Feb 2018 Letter

read_this Our full report is made up of the following reports. If you prefer, you can hear each report separately.
read_this The stock market this week Impact
read_this Portfolio indices Impact
read_this Portfolio stocks: AAPL AMZN EBAY FB GOOGL GOOG PYPL TWTR V VMW

read_this The stock market

Market indices

indices

^ Market indices this week (mouseover for 12-month view) Chart: Google Finance

Index 23 Feb 2018 Week 16 Feb 18 Month 31 Jan 18 Year 29 Dec 17
S&P500 2,747.30 0.55% 2,732.22 -2.71% 2,823.81 2.76% 2,673.61
Dow Jones 25,309.99 0.36% 25,219.38 -3.21% 26,149.39 2.39% 24,719.22
NASDAQ 7,337.39 1.35% 7,239.47 -1% 7,411.48 6.29% 6,903.39

read_this Portfolio Indices

Index performance

indices
^ USD and AUD denominated indices over the past 52 weeks (mouseover for max view) Chart: Bunting

home This week’s performance

Index 23 Feb 2018 Week 16 Feb 18 Month 31 Jan 18 Year 29 Dec 17
U S dollar index 3.286 2.17% 3.217 2.9% 3.194 7.13% 3.068
Australian dollar index 4.171 3.1% 4.046 5.78% 3.943 6.7% 3.909

read_this Portfolio Stocks

AAPL: Apple, Inc 23 Feb 2018 Change 16 Feb 18 home
Friday close $175.50 1.78% $172.43
P/E (historical) 18.04 Change 17.72
P/E (1 year fwd) 15.09 Change 15.10
Market Cap $890.489 bn $15.577 bn $874.912 bn
Target (1 year) NASDAQ analysts’ consensus: $ 194 range: $ 152 to $ 220
Analyst recommendations 13 strong buy, 1 buy, 12 hold, 1 sell, 0 strong sell
Last earnings report Q1/2018 1 Feb 2018
Financials Google Finance
SEC filings Edgar Search CIK 0000320193
AAPL
^ Apple price movements this week (mouseover for 1-year view) Chart: Google Finance

AMZN: Amazon Com, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $1,500.00 3.54% $1,448.69
P/E (historical) 243.90 Change 235.56
P/E (1 year fwd) 174.95 Change 172.17
Market Cap $726.161 bn $24.840 bn $701.321 bn
Target (1 year) NASDAQ analysts’ consensus: $ 1650 range: $ 1150 to $ 2000
Analyst recommendations 29 strong buy, 5 buy, 3 hold, 1 sell, 0 strong sell
Last earnings report Q4/2017 1 Feb 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001018724
AMZN
^ Amazon price movements this week (mouseover for 1-year view) Chart: Google Finance

EBAY: Ebay, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $43.68 0.78% $43.34
P/E (historical) 0.00 Change 0.00
P/E (1 year fwd) 23.28 Change 23.38
Market Cap $44.208 bn $0.344 bn $43.864 bn
Target (1 year) NASDAQ analysts’ consensus: $ 45 range: $ 34 to $ 55
Analyst recommendations 10 strong buy, 1 buy, 14 hold, 2 sell, 0 strong sell
Last earnings report Q4/2017 31 Jan 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001065088
EBAY
^ Ebay price movements this week (mouseover for 1-year view) Chart: Google Finance

FB: Facebook, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $183.29 3.34% $177.36
P/E (historical) 34.01 Change 32.91
P/E (1 year fwd) 24.59 Change 24.72
Market Cap $532.458 bn $17.227 bn $515.231 bn
Target (1 year) NASDAQ analysts’ consensus: $ 225 range: $ 140 to $ 265
Analyst recommendations 23 strong buy, 4 buy, 2 hold, 0 sell, 0 strong sell
Last earnings report Q4/2017 31 Jan 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001326801
FB
^ Facebook price movements this week (mouseover for 1-year view) Chart: Google Finance

GOOGL: Alphabet, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $1,128.09 2.97% $1,095.50
P/E (historical) 62.81 Change 61.00
P/E (1 year fwd) 26.10 Change 25.67
Market Cap $784.358 bn $22.660 bn $761.698 bn
Target (1 year) NASDAQ analysts’ consensus: $ 1277.5 range: $ 970 to $ 1375
Analyst recommendations 23 strong buy, 4 buy, 5 hold, 0 sell, 0 strong sell
Last earnings report Q4/2017 1 Feb 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001288776
GOOGL
^ Alphabet (GOOGL) price movements this week (mouseover for 1-year view) Chart: Google Finance

GOOG: Alphabet, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $1,126.79 2.92% $1,094.80
GOOG
^ Alphabet (GOOG) price movements this week (mouseover for 1-year view) Chart: Google Finance

PYPL: PayPal Holdings, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $79.69 1.68% $78.37
P/E (historical) 54.21 Change 53.31
P/E (1 year fwd) 44.40 Change 44.74
Market Cap $95.641 bn $1.584 bn $94.057 bn
Target (1 year) NASDAQ analysts’ consensus: $ 86.5 range: $ 66 to $ 98
Analyst recommendations 26 strong buy, 3 buy, 5 hold, 0 sell, 0 strong sell
Last earnings report Q4/2017 31 Jan 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001633917
PYPL
^ Paypal price movements this week (mouseover for 1-year view) Chart: Google Finance

TWTR: Twitter, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $32.66 -1.21% $33.06
Market Cap $24.260 bn $-0.297 bn $24.557 bn
Target (1 year) NASDAQ analysts’ consensus: $ 26 range: $ 14 to $ 36
Analyst recommendations 5 strong buy, 0 buy, 18 hold, 5 sell, 0 strong sell
Last earnings report Q4/2017 8 Feb 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001418091
TWTR
^ Twitter price movements this week (mouseover for 1-year view) Chart: Google Finance

V: Visa, Inc 23 Feb 2018 Change 16 Feb 18 home home
Friday close $122.93 0.89% $121.85
P/E (historical) 40.84 Change 40.48
P/E (1 year fwd) 27.61 Change 27.98
Market Cap $277.441 bn $2.437 bn $275.004 bn
Target (1 year) NASDAQ analysts’ consensus: $ 140 range: $ 98 to $ 164
Analyst recommendations 24 strong buy, 2 buy, 1 hold, 0 sell, 0 strong sell
Last earnings report Q1/2018 1 Feb 2018
Financials Google Finance
SEC filings Edgar Search CIK 0001403161
V
^ Visa price movements this week (mouseover for 1-year view) Chart: Google Finance

VMW: VMware, Inc 23 Feb 2018 Change 16 Feb 18 home
Friday close $126.42 1.5% $124.55
P/E (historical) 36.33 Change 35.79
P/E (1 year fwd) 33.13 Change 32.79
Market Cap $50.965 bn $0.755 bn $50.210 bn
Target (1 year) NASDAQ analysts’ consensus: $ 140 range: $ 95 to $ 175
Analyst recommendations 13 strong buy, 3 buy, 9 hold, 1 sell, 0 strong sell
Last earnings report Q3/2018 30 Nov 2017
Financials Google Finance
SEC filings Edgar Search CIK 0001124610
VMW
^ VMware price movements this week (mouseover for 1-year view) Chart: Google Finance

home flag_australia FX: USD/AUD

usd/aud
^ AUD movements against the USD this week (mouseover for 1-year view) Chart: xe.com

Australian economic indicators Trading Economics

Australian economic charts RBA Chart Pack