“The iPhone 8, set to be released later this year, is believed to be another game changer. Analysts have speculated that the product’s release could unleash a “Super Cycle” for Apple’s stock, taking it to heights never reached before,” Giovanni Bruno reports for TheStreet. “‘This is the first time that I felt that Apple has something that would make it so that we could be really surprised by what it is,’ TheStreet‘s Jim Cramer said on CNBC’s ‘Squawk on the Street’ Monday morning.”
“Cramer was referring to a Goldman Sachs note in which the firm increased its price target on Apple to $150,” Bruno reports. “Goldman is enthusiastic about not only the iPhone 8’s release but the features geared around 3D and Augmented Reality that may be implemented in the device.”
“But, ‘here is what I don’t like about that call,’ Cramer continued. ‘What that call is basically saying is there will be a valley before we get to the ‘Super Cycle,”” Bruno reports. “Instead, Cramer preferred a separate piece by UBS stating that the market is currently undervaluing Apple’s service revenue, projecting shares higher around 10% if the services were adequately valued.”
Read more in the full article here.
MacDailyNews Take: Apple’s all-time intraday high of $134.54 was set on April 28, 2015. Apple’s all-time closing high of $133.00 was set on February 23, 2015. And, yes, we’re keeping a very close eye on the price of AAPL today (currently at $133.55).
Now is not the time to cash in those long held Apple shares. There’s a fair way for them to run upwards yet. I’ve never seen so much speculation about a new iPhone this far ahead of launch. We are in for a massive Bull run.
“real artists ship.”
Real artists create. Businessmen that are also BS artists ship.
“real artists ship, real assholes post”
you sure do.
Master of one Mrs Palmering yourself with only one hand on the keyboard? Master of done, more like
Aimed at Master of 1diocy, not you Bot.
It’s good to see a run continue upwards even just after the qualifying date for receiving dividend payments has just passed.
Cramer is the Con-Man that was pimping the market right up to the meltdown that destroyed so many. Jon Stewart showed his track record and yet Cramer is still pimping stock advice to CNBCs 3 remaining viewers.
How he never landed in prison is beyond me. It more compelling evidence that the SEC has been severely understaffed for years.
Do you remember those days when Apple’s stock fell below $300? And people were crowing and cheering it on.
They seem to have gone silent for some reason…
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