Apple stock gets its third buy in a row: Analysts see strong growth potential
- tearpaulalormo
- Aug 19, 2023
- 5 min read
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Apple stock gets its third buy in a row
We know this thanks to research by a finance professor who made a startling discovery about the stock market: Over a 90-year span, 96% of all stocks collectively performed no better than risk-free one-month Treasury bills. After analyzing the lifetime returns of 25,967 common stocks, Hendrik Bessembinder, of Arizona State University's W. P. Carey School of Business, determined that just 1,092 of those stocks -- or about 4% of the total -- generated all of the $34.8 trillion in wealth created for shareholders by the stock market between July 1926 and December 2016. Even more striking, a mere 50 stocks accounted for well over one-third (39.3%) of that amount.
Much like the Kia Telluride that shares its mechanical underpinnings, the Hyundai Palisade offers a well-rounded driving experience free from bad habits but also bereft of anything particularly memorable. Effectively, it reaches the bar set by the vast majority of buyers in this segment. The V6 engine produces plenty of power, but ultimately produces acceleration on-par with most other vehicles in the segment. The steering is precise and gains a little extra effort when in Sport mode, but it also doesn't keep you particularly engaged in the driving experience. It gets a little silkier and smoother for 2023 thanks to new frequency sensing valve that detect rough road impacts and aims to increase stability. Similarly, the suspension capably controls body motions and the stock tires do a good job of gripping pavement (or even loose gravel). Those looking for more of a car-like driving experience should check out the Mazda CX-9.
High land values and increases in all other farming costs make it imperative that apples be produced economically and an early return on the investment be realized. The use of appropriate apple rootstocks has greatly improved the economics of growing apples.
Most of the rootstocks available for apples were not bred or selected for winter hardiness in Canada. Consequently, the roots or stems suffer cold injury occasionally in certain locations across Ontario. Avoid excessive cultivation or feeding that induces late, immature growth. Sod cover with mulch under the trees provides protection for the roots against extremes of temperature.
Depending on which rootstock is used, apple trees may be broadly classified into 4 categories: dwarf, semi-dwarf, semi-vigorous or semi-standard, and vigorous or standard size. These are relative terms. Tree size at any age will vary with the cultivar, the soil, nutrition, pruning practices, amount of cropping, and climate.
The number of rootstocks available commercially for dwarfing apple trees is steadily increasing. Not all of these rootstocks are suitable for apple production in Ontario. Before selecting a rootstock be sure to research the options available. There are varying opinions on the performance of the different rootstock depending on the environment under which they have been evaluated. The rootstocks listed in this factsheet are the ones believed to have the most promise for Ontario growing conditions.
This is a patented rootstock from the Cornell University breeding program, New York State. It is a very dwarfing stock producing a tree smaller than M.9. It is precocious and productive. It is resistant to fire blight and collar-rot and is moderately susceptible to woolly apple aphid. It has few burr-knots and few suckers.
M.9 is prone to some suckering; since it is extremely susceptible to fire blight. Take care to discourage any suckering that may occur. The rootstock is also susceptible to woolly apple aphids. M.9 readily forms burr-knots, groups of root initials which form on the rootstock. These burr-knots are entry points for borers and other pests.
Originated as MAC-9 (Michigan Apple Clone) from Michigan State University, this patented rootstock was released for commercial use in 1985. Tree size is slightly less than M.26 and it can grow freestanding. It has a tendency to crop heavily on young trees and may cause stunting if fruit are not adequately thinned. Mark is resistant to collar-rot but susceptible to fire blight and woolly apple aphid. Burr-knots are formed about the same as on M.26. but it does not sucker. It is very precocious. A conspicuous tumor-like swelling surrounds the Mark rootstock at the soil line. The cause of soil-line swelling is unknown.
Is a dwarfing rootstock bred in the Soviet Union. Its leaves are red. Tree size falls between M.26 and M.9 EMLA in vigour. It is a precocious rootstock with high yield efficiency. It requires support. Bud.9 is resistant to collar-rot and susceptible to fire blight and woolly apple aphid. Bud.9 has excellent winter hardiness much greater than M.9. It produces few suckers or burr-knots. It is a promising dwarfing winter-hardy rootstock.
This is the most dwarfing rootstock to come out of the cold-hardy breeding program at Ottawa. It appears more dwarfing than M.26 but more vigorous than M.9. Ottawa 3 roots sparsely in the stoolbed but can be grown from root cuttings or tissue culture. It is more cold-hardy than M.26 or M.9 and is resistant to collar-rot but susceptible to fire blight and woolly apple aphid. It does not produce burr-knots or root suckers. It is precocious and requires support while young. Its management requirements are similar to those for M.26. The orchard performance has not been determined.
A dwarfing rootstock introduced from East Malling in 1959. This rootstock has been quite popular in the last 10 years. M. 26 is recommended in all apple districts of Ontario, but on a trial basis only in colder districts. M.26 is reported to be the most hardy of the Malling series rootstocks.
The old Malling stocks carried virus diseases. Released about 1960, M.9A, M.7A and M.2A are free of chat fruit, rubbery wood and apple mosaic but still carry the latents such as stem pitting, chlorotic leaf spot and spy epinasty.
The proper depth at which to plant apple trees remains a very important issue. With the exception of high density supported systems (slender spindle, vertical axis, etc.), the bud union should be positioned 5 cm above the final soil level. The length of rootstock shank above the soil surface determines the vigour of the scion. This is a greater factor with dwarf than more vigorous rootstocks. To plant deeper may lead to the scion growing roots and the dwarfing influence of the rootstock being lost. To have the union excessively above the ground will reduce the size of the tree and introduces the possibility of burr-knots or aerial roots developing. This disruption in the bark can be invaded by the dogwood borer and lead to tree losses. For consistency of tree size and to reduce unnecessary trunk injury, special care is required to properly position the bud union. 2ff7e9595c
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