[SunkenCiv]

Here Are the Top 10 Most Popular Stocks on Robinhood | The Motley Fool

1. Ford
2. GE
3. American Airlines
4. Apple
5. Disney
6. Delta Air Lines
7. Microsoft
8. Tesla
9. Carnival
10. GoPro

• (first posted it here) Why is the stock market so high???

[SunkenCiv]

This is good and nuts, but thought I'd put it up here.

The company's price-to-earnings (P/E) ratio is now 34.9, implying that investors expect significantly higher earnings growth in Apple's future than in the past decade. However, that same multiple expansion that has driven the huge share appreciation directly threatens Apple's biggest source of profit growth -- share buybacks.

From fiscal 2015 to fiscal 2019, Apple's earnings per share grew by 29% to $11.89, or 6.6% on a compound annual basis, a decent rate for a mature company. However, net income during that time, or the actual profits generated by the business, grew just 3.5% total to $55.3 billion, or 0.9% on annual basis.

In other words, Apple's earnings-per-share growth in recent years has been driven predominantly by share buybacks.

Apple's Biggest Source of Profit Growth Is Disappearing | The Motley Fool | Jeremy Bowman (TMFHobo) | Tuesday, August 18, 2020