The only stock that might be an even bigger bargain is Apple, Cramer said, adding that shares are trading at a “measly” 11 times next year’s earnings estimates.
The “Mad Money” host said Apple’s stock could “explode higher” if it raised prices for its increasingly sticky services, particularly given the pressure it has endured amid weakening iPhone sales.
a sudden 70% drop in consumer spending on luxury goods in China
It signed a deal with Aetna in August of last year; and in November 2018, it integrated with United Healthcare for a program that rewards those who walk at least 10,000 steps per day to subsidize the cost of a watch. It is also working with life insurer John Hancock to offer a steeply discounted watch to those who live healthy lifestyles.
“But I do think, looking back, in the future, you will answer that question: Apple’s most important contribution to mankind has been in health.”
Ask the doomsayers and the illogical. iPhone X series are too expensive so need to pump AAPL. Some1 keep track of such death counts, Apple Death Knell Counter
Apple has been declared dead 71 times since April, 1995.
Yes, I am back-in, but not like crazy level as spread my risk with other companies like AMZN, T, VZ,SYF…etc. But, I do not expect AAPL will catch up even $200 (max guess $180)
200 day Low=142.19 Current=154.88 Change =8.92% from bottom
200 day High=231.2631 Current=154.88 Change =33.03%
When results are there, they would have bought back some shares, and dividend increase. Of course, future growth is limited like value stock.
I love the doom and gloom. They’ll still be hiring. It’ll just be at a slower pace. If that’s the “negative” news, then people are desperate to justify a negative headline. It’s up there with doom and gloom over a forecast for RE prices to increase 5-6%. The headline would make you think it’d be better to wait to buy.
I trust the job freeze, esp at top level direction. This is common, i.e., means all requirements will be first washed off, then freeze will be in force. Any mandatory hiring will be justified at top executive level and will be very low. Project funds will be reduced further.
All these are to increase the future qtrs forecast better, to compensate sales reduction. The current stock price already discounted China iphone sales - overall 15% sales reduction. Price came down 33% from peak.
If forecast is too bad (even after discounting China), stock goes down and recovery will not be near future. This is the risk. If not, price will be stabilized.
Another reason is that Apple is far away from peak price (33%) while all other tech stocks are recovered from deep low 10%-50% level, Google 11% from bottom, FB 18.5% from bottom, AMZN 20% from bottom, NFLX 50% from bottom…etc
My $5k MacBook Pro had a small crack at the bottom of the panel. Took it to the Apple store today and the guy told me it will cost 700 to fix. And I only bought the machine 6 months ago.
That’s it. No more Apple laptops. Let the stock go to $0.