“‘I don’t expect anything this quarter, other than negativity,’ TheStreet‘s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said about Apple,” Bret Kenwell reports for TheStreet.
“Apple is scheduled to report earnings on Tuesday after the close,” Kenwell reports. “It feels like analysts are ready to downgrade the stock, and the negativity from investors is ready to roll, Cramer said.”
“And next quarter won’t be ‘anything to write home about either,'” Cramer predicted. However, next quarter investors will likely look past the results in anticipation of the company’s new iPhone release in the fall,” Kenwell reports. “If the stock drops into the $95 to $100 range post-earnings, investors should use that as a buying opportunity, Cramer said. It would be ‘really fabulous’ if Apple shares dropped back to $93, where it bottomed in February, Cramer noted.”
Read more in the full article here.
MacDailyNews Take: Is another chance to back up the truck close at hand?
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What to look for in Apple’s Q216 results today – April 26, 2016
