iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,238 Blog Posts

$SONO Jumps on Bullshit $JPM Report

I’m long SONO and like that’s it’s up today. But let’s be honest here. JP Morgan doesn’t know what the fuck they’re talking about. Apple isn’t buying shit. They will never spend their money to buy another company. They have so much money — they can do that shit themselves.

JPMorgan wrote that the category of smart home speakers were among the industries with “the most strategic value,” for Apple, “providing potential growth opportunities to leverage services over a wider installed base.”

Apple is “currently lagging competitors in the smart home category,” JPMorgan wrote, referring to the company’s HomePod product line. Sonos, in contrast, has a “differentiated position as a premium home speaker system relative to Amazon Alexa and Google Home,” along with “strong loyalty among current customers and [a] robust international presence.”

Do you sell on this news? Perhaps. I’m not, mainly because I’m complacent.

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11 comments

  1. og

    Roku gets bought out first.

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  2. bennyhill

    i’ve had Sonos in my house for 11 years, went long on day 3 of IPO and patiently waiting for a 5-bagger.

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  3. numbersgame

    No, I trust JPM completely. They are only giving this free investor news for altruistic reasons. Why else woudl they say this?

    Surely a large Wall Street company would not spread BS rumors simple to move the price of a stock. Also, it is highly unlikely that investors would fall for such a ruse.

    I’m also certain that Samik Chatterjee is not some $sshole who has a $1 bet with any of his coworkers on who can spread the most obviously BS rumor that will still cause the stock to move anyway.

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    • numbersgame

      I’m sorry, I meant @$$hole, not $sshole. Sorry for the typo, that’s not like me at all

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    • ferd

      Overall market is struggling at the 2/3s retrace of the move from Oct highs to Dec lows …typical of a bear market. Too bad they didn’t discover these attractive take over targets in December.

      But don’t be so cynical. Love and trust.

      Love and trust.

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  4. goldwing

    Fly, your too smart to still be POS BCCI . I expect you exited already w/o losing your 100% gain?

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