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☆ Demand is outstripping supply for iPhone 15, says Morgan Stanley's Erik Woodring
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand is outstripping supply for iPhone 15, says Morgan Stanley's Erik WoodringErik Woodring, equity research executive director at Morgan Stanley, joins 'Closing Bell' to discuss Apple's iPhone 15 launch, risks associated with the company, whether he is bullish on the stock, and more.

Persons: Morgan Stanley's Erik Woodring Erik Woodring, Morgan Stanley

☆ Here’s what major analysts thought of the new iPhone and what to do with Apple’s stock
▼ + stars: | 2023-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

He highlighted the enhanced photo capabilities on Pro models and called the new double tap feature the most notable upgrade to the Apple Watch. Many analysts expected hikes around $100 and $200 for the beefed up Pro and Pro Max iterations. Apple essentially delivered a $100 price hike on the Pro Max by doing away with the lower storage option. He noted that the hike on the Pro Max skewed to the low end of the Wall Street firm's expectation range. Evercore ISI's Amit Daryanani regarded the event as "mildly disappointing" for bulls hoping for a Pro price increase.

Persons: Toni Sacconaghi, Canaccord Genuity's Michael Walkley, Goldman Sachs, Michael Ng, Wells, Aaron Rakers, Pro Max, iPhones, Atif Malik, Evercore ISI's Amit Daryanani, David Vogt, Samik Chatterjee, Erik Woodring's, Morgan, Apple, Woodring, Sacconaghi, — CNBC's Michael Bloom Organizations: Apple, Apple Watch, Wall, Pro, Citi, UBS Locations: China

☆ Here's what Wall Street expects from the Apple iPhone event Tuesday and its meaning for the stock
▼ + stars: | 2023-09-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Apple's launch event, during which it's expected to introduce the iPhone 15 and Apple Watch Series 9, comes amid a tough backdrop for the stock in recent sessions. Long expects a $50 to $100 increase for the iPhone 15 Pro and a $100 to $200 hike for the Pro Max model. What it means for Apple shares Looking ahead, Wall Street sees a positive setup for Apple shares over the long term, but those tailwinds could take time to play out. AAPL YTD mountain Apple shares since the start of 2023. Data analyzed by Bernstein shows a similar pattern for Apple shares before and after a launch event.

Persons: Morgan Stanley, Erik Woodring, Tim Long, Long, CFRA's Angelo Zino, Jefferies, Andrew Uerkwitz, referringto, it's, Wamsi Mohan, Morgan Stanley's Woodring, Bernstein, Toni Sacconaghi, Woodring, Apple, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Apple, Barclays, Apple Watch, Pro, Apple Vision, Bank of America, outperformance Locations: China, U.S

Morgan Stanley analyst Erik W Woodring said Apple's share losses were "overdone" as he does not believe the curbs will lead to something broader. He added the worst case scenario was a 4% revenue hit and a 3% earning impact for the company. Analysts said U.S. sanctions on Huawei, in place since May 2019, hit the company's supply chain, helping Apple increase iPhone shipments to China and grab market share. J.P.Morgan said China's restrictions will make it tougher for Apple to continue to gain market share in China. BofA estimated a $0.11 to $0.34 earnings per share hit to Apple if Huawei was able to gain market share from the iPhone maker.

Persons: Thomas Peter, Morgan Stanley, Erik W Woodring, Woodring, HWT.UL, J.P.Morgan, Aniruddha Ghosh, Krishna Chandra Organizations: Apple, REUTERS, Wall Street, Beijing, BofA Global Research, Huawei Technologies, Huawei, Thomson Locations: Beijing, China, Bengaluru

☆ Morgan Stanley names this tech stock a top pick, says AI server demand could boost it by nearly 25%
▼ + stars: | 2023-09-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Growing demand for artificial intelligence servers should boost shares of Dell Technologies over the long haul, according to Morgan Stanley. "Importantly, this opportunity is incremental and not yet cannibalistic to general purpose server demand," Woodring wrote. "When we then consider the Gen AI story is still in its infancy - with demand outstripping supply - we believe AI servers can remain a model tailwind for years to come." Along with the AI story, Morgan Stanley views stabilizing hardware spending and better cost management and execution as key to Dell's upside from here. DELL YTD mountain Dell shares have gained about 40% in 2023 A potential S & P 500 inclusion should also benefit Dell and expand the investor base for shares, Woodring added.

Persons: Morgan Stanley, Erik Woodring, Dell, Woodring, Toni Sacconaghi, Michael Bloom Organizations: Dell Technologies, Apple, Dell, HP, DELL

☆ Apple's next iPhone will be a good cycle, says Morgan Stanley's Erik Woodring
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's next iPhone will be a good cycle, says Morgan Stanley's Erik WoodringErik Woodring, Morgan Stanley equity research executive director, joins 'Closing Bell' to discuss Apple, which he calls the most under-owned Big Tech stock in Q2.

Persons: Morgan Stanley's Erik Woodring Erik Woodring, Morgan Stanley Organizations: Apple, Big Tech

☆ Apple is now the least-owned Big Tech stock by institutions, Morgan Stanley says
▼ + stars: | 2023-08-23 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Apple is now the Big Tech stock owned least by institutional investors and is the most underowned it has been since 2008, according to Morgan Stanley. Over the past four years, the most underowned megacap stock in institutional portfolios was Microsoft , according to analyst Erik Woodring. Investors have been concerned Apple stock was overpriced after its huge rally earlier this year. In fact, of the large-cap companies it evaluates, Apple, Microsoft, Nvidia , Amazon and Google parent Alphabet are the most underowned stocks in actively managed portfolios, according to Morgan Stanley. "Amongst the 5 mega-cap tech stocks, META is the only name where institutional ownership is greater than its S & P 500 weighting."

Persons: Morgan Stanley, Erik Woodring, Apple's, Woodring, Meta, it's, Michael Bloom Organizations: Apple, Big Tech, Microsoft, Investors, Nvidia, Amazon, Meta Locations: MSFT, F4Q23

☆ Morgan Stanley says buy this under-the-radar Israeli fabric printing stock
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley thinks Wall Street overreacted to Kornit Digital's latest revenue guidance, and shares in the Israeli fabric printing company now present a favorable buying opportunity. Morgan Stanley's forecast implies more than 30% upside from Wednesday's $22.23 close. Kornit Digital shares are 6.6% higher in 2023 after climbing more than 10% early Thursday. KRNT YTD mountain Kornit Digital stock has shed 3.2% from the start of the year. But Morgan Stanley analyst Erik Woodring says the market reaction to Kornit's lower second-half revenue forecast, which he says came in 7% below consensus estimates, was too severe.

Persons: Morgan Stanley, Kornit, Morgan Stanley's, Erik Woodring, Woodring, — CNBC's Michael Bloom Organizations: Kornit, FactSet, Textile Machinery Association

☆ Analysts see more gains for Apple going forward, but some warn of mounting headwinds
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple stock was trading lower after quarterly results. Apple doesn't provide official forward guidance and has not done so since 2020 over macroeconomic uncertainty. Morgan Stanley's Erik Woodring reiterated an overweight rating on Apple but lowered his price target to $215 from $220. Bank of America's Wamsi Mohan remained neutral on Apple, accompanied by a $210 price target that equates to roughly 10% upside. Rakers maintained an overweight rating on Apple stock with a $225 price target, or about 18% upside from Thursday.

Persons: Apple, Luca Maestri didn't, Apple doesn't, Morgan Stanley's Erik Woodring, Woodring, Morgan Stanley, America's Wamsi Mohan, Mohan, Citi's Atif Malik, Malik, Wells, Aaron Rakers, JPMorgan's Samik Chatterjee, Chatterjee, Goldman Sachs, Michael Ng, Apple's, Ng, — CNBC's Michael Bloom Organizations: Apple, America's

☆ Here's the trade on Apple ahead of Thursday’s earnings, according to analysts
▼ + stars: | 2023-08-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Several analysts remain bullish, hiking their price targets in the weeks leading up to Apple's earnings report — despite the stock's 50% runup so far this year. His $220 price target suggests the stock can rally more than 12% from Tuesday's close. Bank of America remains neutral on the stock, but boosted its price target to $210 on July 19. His price target of $149 suggests nearly 24% downside. Her price target of $190 suggests roughly 3% downside from Tuesday's close.

Persons: Samik Chatterjee, Chatterjee, Morgan Stanley, Erik Woodring, Goldman Sachs, Michael Ng, Apple, Wamsi Mohan, Mohan, Tim Long, Grace Chen, Chen, Piper Sandler, TD Cowen, Baird, — CNBC's Michael Bloom, Kif Leswing Organizations: Apple, JPMorgan, Services, Bank of America, Barclays Locations: Apple's, Tuesday's, Asia

☆ Here's the trade on Apple ahead of Thursday's earnings, according to analysts
▼ + stars: | 2023-08-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

☆ Earnings playbook: How to trade some of the biggest reports this week, including Apple
▼ + stars: | 2023-07-31 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

This quarter: Analysts polled by FactSet expect Merck to post a loss for the first quarter. Starbucks is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Analysts polled by FactSet expect double-digit earnings growth quarter over quarter. What history shows: Bespoke data shows Amazon earnings exceed earnings expectations 62% of the time. Apple is set to report earnings after the close, followed by a call at 5 p.m.

Persons: Goldman Sachs, Annika Kim Constantino, Merck, Merck's, Joe Biden's, SBUX, Bank of America's Sara Senatore, Senatore, Albert Bourla, —, They're, AMZN, FactSet, Annie Palmer, Morgan Stanley, Erik Woodring, — CNBC's Michael Bloom Organizations: Netflix, Merck, Apple, FactSet, CNBC, Prometheus Biosciences, Investment, Bank of America's, Pfizer, Management, Amazon Web Services, IDC Locations: China, 2Q23, New York, Carolina, Friday's

☆ History shows a nice trading setup for Apple going into earnings
▼ + stars: | 2023-07-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

If history is any guide, expect a positive setup for Apple shares should the company raise expectations for the September quarter when it reports earnings Aug. 3, Morgan Stanley said. "History would show that June quarter earnings is a positive stock catalyst for Apple, and Sept quarter guidance matters most for Apple's stock," he added. Apple has beaten June earnings estimates every time in the last decade by 9% on average, and Morgan Stanley expects the company to do it again. "With our September quarter revenue and EPS 4-9% above current Consensus, and a shade above buyside expectations, we expect earnings to be a positive catalyst for Apple shares next week," Woodring said. Apple shares have rallied nearly 49% since the start of 2023.

Persons: Morgan Stanley, Erik Woodring, Woodring, — CNBC's Michael Bloom Organizations: Apple, Management Locations: Apple's

☆ Here's what analysts are saying about Apple's new Vision Pro headset
▼ + stars: | 2023-06-06 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The tech giant on Monday unveiled its Vision Pro mixed reality headset, which will retail for $3,499. Davidson downgraded Apple stock to neutral , insisting that any positive bump from the Vision Pro announcement was already priced into the stock's current trading levels. that if Apple's Vision Pro could achieve a ~25% ship share this would leave us to est. He raised his price target to $210 from $185, implying upside of about 17% from Monday's close. To be sure, he maintained Apple as a top pick and with a price target of $190.

Persons: Apple's, D.A, Davidson, Wells, Aaron Rakers, Rakers, Goldman Sachs, restating, Michael Ng, Samik Chatterjee, Chatterjee, Bernstein's Toni Sacconaghi, Sacconaghi, Morgan Stanley's Erik Woodring, — CNBC's Michael Bloom Organizations: Apple, Apple's, JPMorgan Locations: Wall, Monday's

☆ Apple's next challenge: It needs apps for its Vision Pro headset, but it's not on sale yet
▼ + stars: | 2023-06-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook speaks with members of the media next to Apple's new Vision Pro virtual reality headset, during Apple's Worldwide Developers Conference at the Apple Park campus in Cupertino, California, June 5, 2023. On Monday, Apple revealed its $3,500 Vision Pro "spatial computing" headset to the public ahead of a planned launch early next year. Now Apple needs to convince developers to make apps for it, even though the hardware isn't widely available yet. App support for the Vision Pro will be critical for its success. All this effort is to ensure the app store for the Vision Pro is stocked when it eventually goes on sale.

Persons: Tim Cook, Apple, Morgan Stanley, Erik Woodring Organizations: Apple, Apple's Worldwide, Vision, Union Locations: Cupertino , California, California, London, Munich, Shanghai, Singapore, Tokyo

☆ Apple shares notch all-time high ahead of developer conference
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - Apple Inc (AAPL.O) shares hit a record high for the first time in 17 months on Monday, ahead of an annual software developer conference, although the company's market value remained short of an all-time peak of $3 trillion. Apple is expected to launch a mixed-reality headset at its Worldwide Developers Conference (WWDC) later in the day, which would be its first big move into a new product category since the introduction of the Apple Watch nine years ago. Shares of the world's most valuable listed company were last up 1.8% at $184.15. Apple became the only company to hit $3 trillion in market capitalization early last year. Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Morgan Stanley, Erik Woodring, Woodring, Medha Singh, Shounak Dasgupta, Anil D'Silva Organizations: Apple Inc, Apple, Worldwide Developers, Apple Watch, Thomson Locations: Bengaluru

☆ Apple hits all-time high and announces new headset. Here's how to play the stock
▼ + stars: | 2023-06-05 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple hits all-time high and announces new headset. Here's how to play the stockJim Cramer, Erik Woodring of Morgan Stanley, Joe Terranova of Virtus Investment Partners, Gene Munster of Deepwater Asset Management and Dan Ives of Wedbush Securities on what they think about Apple hitting an all-time high and releasing new products at its annual Worldwide Developers Conference.

Persons: Jim Cramer, Erik Woodring, Morgan Stanley, Joe Terranova, Gene Munster, Dan Ives Organizations: Virtus Investment Partners, Deepwater Asset Management, Wedbush Securities, Apple, Developers Conference

☆ AR/VR and Mixed Reality will be the focal point of Apple's WWDC: Morgan Stanley's Erik Woodring
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAR/VR and Mixed Reality will be the focal point of Apple's WWDC: Morgan Stanley's Erik WoodringErik Woodring, equity research executive director at Morgan Stanley, joins 'Squawk on the Street' to discuss why AR/VR and Mixed Reality will be the focal point of Apple's WWDC, which kicks off today at its headquarters in Cupertino, California.

Persons: WWDC, Morgan Stanley's Erik Woodring Erik Woodring, Morgan Stanley Locations: Cupertino , California

☆ Morgan Stanley says Apple is about to unveil a $20 billion platform, raises price target
▼ + stars: | 2023-06-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Apple 's highly anticipated augmented and virtual reality product could generate a solid payoff for the iPhone maker over the long haul, according to Morgan Stanley. Given this setup, the analyst hiked his price target to $190 a share, reflecting about 5.5% upside from Thursday's close. AAPL YTD mountain Apple shares in 2023 The revised price target comes ahead of the company's Worldwide Developers Conference next week, where many expect the technology giant to reveal its mixed-reality headset. He expects the Apple headset will offer a range of specialized features over competitors. Other Wall Street firms also appear bullish on Apple's headset prospects, with Jefferies' analyst Andrew Uerkwitz lifting his price target on shares to $210 from $195.

Persons: Morgan Stanley, Erik Woodring, Woodring, Jefferies, Andrew Uerkwitz, Ross Sandler, Sandler, — CNBC's Michael Bloom Organizations: Apple, Conference, Apple Watch, Apple's, TAM, Barclays

☆ Apple results show iPhone's 'consumer staple nature' in a tough environment, Wall Street says
▼ + stars: | 2023-05-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Most Wall Street analysts like what they're seeing from Apple , viewing the iPhone maker's better-than-expected results as a sign of resilience and its continued ability to deliver even in a tough environment. Apple rose 2% in the premarket after posting earnings that beat expectations, driven by stronger-than-expected iPhone sales. Chatterjee has an overweight rating on Apple and a price target that implies upside of 14.6%. Softening demand 'casts a cloud' Despite the company's better-than-feared results, some analysts do expect volatility ahead. UBS analyst David Vogt reiterated his buy rating on the stock but said softening demand "likely casts a cloud on the stock near term."

☆ This tech stock can rally 25% as PC market bottoms, Morgan Stanley says
▼ + stars: | 2023-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Morgan Stanley thinks the personal computer market has likely bottomed and has pegged Dell Technologies as big beneficiary. The firm upgraded shares of the tech and PC company to overweight from equal weight. "We believe the PC market is forming a bottom, and we want to own Dell for the cyclical PC market rebound," analyst Erik Woodring said, noting that the first quarter likely marked the worst of the PC downturn. "Looking at prior PC downcycles, (2011-2013), DELL's stock bottomed one quarter ahead of the PC market bottom. Given we model PC market Y/Y declines bottoming in 1Q23, we believe the trough in DELL's stock could already be behind us," Woodring said.

With Apple' s quarterly earnings announcement fast approaching, Morgan Stanley says there's a smart way to trade the tech giant's shares. If Apple beats estimates for the prior quarter but guides flat to down for the June quarter, shares typically remain flat. Woodring expects "largely in-line" results for the prior quarter when Apple announces its earnings on May 4. Morgan Stanley remains overweight on Apple shares and has a $180 price target, which implies shares gaining almost 9% from where they closed Monday. An easing foreign exchange environment and an uptick in iPhone shipments and revenue growth for the 2024 fiscal year are further reasons to remain upbeat on shares, Woodring said.

☆ These stocks are table-pounding buys as bank fears linger, analysts say
▼ + stars: | 2023-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts unveiled a slew of must-own stocks this week even as bank and macroeconomic worries permeate the market. While some investors might be distracted by the ongoing financial turmoil, analysts say there are plenty of quality buying opportunities. They include: TrueCar, Apple, Progressive, Academy Sports and Prosperity Bancshares. Apple Morgan Stanley is doubling down on Apple shares. Apple shares are up almost 20% since the start of the year.

☆ Morgan Stanley's guide for tech investors playing the end of this bear market — and the start of the next bull
▼ + stars: | 2023-03-07 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Tech (and media and telecom) investors should start preparing their buy lists now ahead of a bear market low, Morgan Stanley said. Given this, the strategist offered an investment guide for the period before, during and after the stock market trough. Netflix was among the names Morgan Stanley recommended for the period prior to the market bottom. Meanwhile, after the bear market low, Morgan Stanley said cyclicals, lower quality and value names have the most "impressive outperformance." Meanwhile, for investors trading through the trough and into the bull market, names such as Salesforce and Microsoft are buying opportunities, Morgan Stanley said.

☆ Morgan Stanley sees Apple rallying more than 20%, says investors should look past near-term headwinds
▼ + stars: | 2023-03-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors should look beyond Apple 's near-term challenges to see strong catalysts on the horizon, according to Morgan Stanley. Near-term challenges include weakening consumer electronics spending trends, a challenging economic backdrop, headwinds from foreign currencies, iPhone production shortages and remaining Covid restrictions, Woodring said. But Woodring said investors should look past what could be a tough short-term, instead focusing on incoming tailwinds. New iPhones should be down 9% in fiscal 2023 — the biggest year-over-year drop since 2019 — due to supply shortages and sliding demand. He said those price increases could be seen in products such as Apple Music, Apple TV+, Apple One and international apps.

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