Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Apple Suppliers Not Out Of The Woods

Apple's (NASDAQ:AAPL) earnings reported this week. The report and conference call said two things about their inventories which have implications to the food chain of their suppliers.

On the one hand they said channel inventory was at the low end of their 4-6 week target. That was lower than the previous quarter. If there is demand Apple will have to meet that demand and as a bonus drive sales by replenishing the under-inventoried channel.

That's bullish for Apple.

On the other hand Apple's in-house inventories jumped once again.

Jun Sept Dec Mar Jun

Q3 Q4A Q1 Q2A Q3E
Inventory 3146 4855 4421 7662 5936
Year-over-yr 71.8% 127.7% 63.0% 163.3% 88.7%

Inventories are up huge year-over-year. Some of that may be Apple charging to build components in-house, but that's also a negative story for suppliers.

Apple has also said they bought inventory ahead at good prices so they have stock at lower prices.

Either way you look at it if their inventory growth is far outpacing the revenue growth you have to dig a little deeper before you fall in love with an Apple supplier.

Looking For Earnings Home Runs

We spoke to the top tech companies over the last few months to identify what tech stocks have home run earnings potential. Earnings are what drives stocks, especially tech stocks. Finding those few tech stocks that have realistic earnings trajectories way above the Street can give you conviction to see a stock through to big upside. Dip your toe in the water with a free trial.


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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless.

We have no holdings in the stocks mentioned unless otherwise noted.

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