Apple Is Near a Record. Netflix Is Down More Than Half.

Impact · against what's priced in

The article provides no new catalysts for Apple or Netflix, as the reported guidance and trends are already reflected in current valuations. Apple's growth deceleration and Netflix's margin expansion are both explicitly factored into the market's current pricing.

AAPL−0.05

Already priced in

The price assumes

Ongoing component cost pressures and supply constraints

Management's forecast of 9% to 11% growth citing tight supply of advanced chips confirms the supply constraints the market has already factored into the current price.

What AAPL's price assumes · Aug 31

• guidance▲<1%
• AAPL
• valuation
• growth stocks
• NFLX
• buybacks
• consumer tech
• pe ratio
• streaming