“After slumping down significantly over the last few days, Apple Inc. spiked up more than 2 percent on Friday,” Ritesh Anan reports for Benzinga.
“One of the reason for that spike could be CNBC’s Jim Cramer proclaiming that he is ‘not going to bet against Apple,'” Anan reports. “Cramer was recently seen discussing the stock and elaborating on why the recent negative news concerning the company won’t have a big impact on the company.”
I got to tell you, I am not going to bet against Apple here like so many people I know who have not only given up on it, but are like just saying, “The watch is a big joke.” I swear, it’s not a big joke when it gets more software, when it can tell your blood pressure. Everyone in this country is going to have to buy it because UnitedHealth is going to tell you to wear it. — Jim Cramer
Read more in the full article here.
MacDailyNews Take: We’ve worn Apple Watches for over two and half months now. The only people making fun of Appel Watches are people who’ve never used them.
We will never go back to the primitive days of not wearing an Apple Watch.
It’s amusing to watch those without Apple Watches wasting time obsessing over their phones all day – especially knowing that one day, sooner or later, they’ll also be wearing Apple Watches and then they’ll finally get it, too.
Nobody cares what this scamming hack has to say.
He’s been wrong on Apple far more then he’s been right.
when you say “nobody cares,” you must think you speak for the world. You have no idea who cares except you.
You’re flat wrong.
Cramer is one of the few analysts who corrects +- for BUN when generating TOST trajectories and EGG analyses so yes, many people do care what he has to say.
Reading your financial analysis posts always makes me hungry… not sure why.
“Than”, not “then”.
tired of being an jackass?
MDN comment: 🌟🌟🌟🌟🌟
I’m surprised that there are so many big investors betting against Apple. So many large funds truly believe in market share as being the most important metric there is. When I see a company like Microsoft having such a large percentage of institutional ownership, considerably higher than Apple’s, I have to wonder why Microsoft is seen as a better investment than Apple. Possibly due to MS’s higher dividends or enterprise penetration but very likely do to Windows insurmountable desktop market share. If they’re betting on a Windows desktop revival it seems like a long-shot in a world leaning in the direction of mobile devices lead by smartphones. Can’t Microsoft investors see that the Windows PC world is waning.
I’d think that even AppleWatch which is being called a flop would eventually exceed the revenue of Microsoft’s Xbox One market if AppleWatch approached expectations halfway. Of course, Microsoft has that Azure Cloud service and Wall Street seems to love cloud services as some unlimited revenue stream although I have to wonder about that.
I guess Apple shareholders will remain snakebit while their peers stumble but still make greater share gains than Apple.
Most real MDN readers hold AAPL.
Betting against Apple never worked.
Betting WITH Apple has worked for me since 2003 when I bought 500 shares of AAPL for $7500. Today that’s a split adjusted price of about $1 per share. Do the math and you’ll see why I’m now retired.
AAPL’s price bounced back up?
Who’d have guessed?¿?¿
😴💤
The I watch grows on you. Today is my second week with base model and I like it. I am not always checking my phone all the time, so the iPhone battery is better at the end of day and as you learn the features you you appreciate it more. Battery life is not a problem. Never been below 36% at the end of day.
WATCH not iWatch.😖⌚️😃
It amazes me how much time apple is discussed on CNBC. Cramer is the only bull and he has been correct 95% of the time. I remember when he was on a rampage of the Mobile revolution as he was correct in saying Apple was the way to go.
Why all the bearish articles? Its only to get the stock down. Most bearish articles are flat out lies. “Maybe, possibly, could be, ….same BS over past 20 years. I just buy low and sell high . Anyone who sells on these reports are idiots and shouldn’t own AAPL anyway..
Stephen Colbert wears an WATCH 24/7. Check out his new app:
Colbr by CBS Interactive https://appsto.re/us/w9Pn7.i Latest vid clearly shows him wearing a WATCH SPORT with white band.
Of course he does!
After the June quarter is reported the YoY EPS growth (September Quarter 2013 – June Quarter 2014 compared to September Quarter 2014 – June Quarter 2015) will be around 42% If the next year’s growth is only half (21% of what just was) and if the stock price is $120 a share, then the forward P/E less cash is below 8. This is very, very low compared to growth and the rest of the market and means the stock is incredibly undervalued. And to top it off, at the end of June AAPL was one of the top ten shorted stocks in the NASDAQ.
There is no question that AAPL being priced so low hurts the financial system because potential investors see this and begin to question the integrity of the Casino. Why would any sane person put their money in a system that is completely broken? Wall Street and other institutional investors need to get take their hands out of their pockets and put some money to work by purchasing the big Apple.