“Apple shares are down 2% on Monday after analysts at Morgan Stanley issued some downbeat channel check research,” Bret Kenwell reports for TheStreet. “This could mean a buying opportunity, according to TheStreet‘s Jim Cramer.”
“Cramer acknowledged he’s unsure if the channel checks are correct because Apple tends to be ‘cagey’ about information surrounding its supply chain,” Kenwell reports. “He said concerns about smartphone saturation are understandable as growth in the market continues to slow.”
Kenwell reports, “But Apple isn’t priced for extraordinary growth by any means, he added.”
Read more in the full article here.
MacDailyNews Take: “Channel checks” from yet another year-end “actionable” note. What a scam the market is – but that doesn’t mean it can’t be profitable!
Morgan Stanley slashes Apple price target by 12%; shares fall in pre-market trading – December 14, 2015
Apple stock slides on Credit Suisse claims of iPhone component order cuts, weak iPhone 6s demand – December 2, 2015
UBS analyst’s latest ‘research’ note on Apple is just another ‘actionable’ note and should be totally ignored – November 16, 2015
Apple shares continue to get slammed on commission/bonus related ‘actionable research’ – November 10, 2015
Apple lower after Credit Suisse notes substantial supply-chain cuts – November 10, 2015
[Thanks to MacDailyNews Reader “David E.” for the heads up.]