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Investors should imitate Warren Buffett and buy Apple while it's cheap, Bernstein's Toni Sacconaghi said. He says the stock is attractively priced, pushed down by cyclical issues in China, not due to fundamental problems. The stock will also see boosted upside from its forthcoming iPhone 16 cycle, he told CNBC. AdvertisementInvestors should grab Apple because it's looking cheap, Bernstein said on Monday, turning bullish on the stock for the first time in years. "What we found is, we're getting a price break on it," Sacconaghi told CNBC Tuesday.
Persons: Warren Buffett, Toni Sacconaghi, , Bernstein, Buffett, we're, Sacconaghi, Apple's Organizations: Apple, CNBC, Service Locations: China, Bernstein's
Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. The firm downgraded Ulta stock to equal weight from overweight, and lowered its price target to $434 per share from $612. — Brian Evans 6:30 a.m. Evercore slashes Tesla price target Evercore ISI says its forecast for Tesla stock is due for an update as headwinds from the start of the year converge and pressure the electric vehicle company. Apple stock has pulled back 12.1% in 2024 but was up 1.7% in premarket trading Monday. Lululemon stock has slipped nearly 29% in 2024 and was off 1.9% premarket Monday.
Persons: Bernstein, Toni Sacconaghi, Barclays downgrades Ulta, Adrienne Yih, Yih, — Brian Evans, Chris McNally, McNally, Bernstein's Toni Sacconaghi, Sacconaghi, Barclays downgrades Lululemon, headwinds, LULU Organizations: CNBC, Apple, Tesla, Barclays, ISI Locations: China, Friday's, Mexico
A longtime Apple skeptic upgraded the iPhone maker, sending the struggling Club stock higher in Monday's session. "Apple got distorted today by an upgrade [from] someone who historically has been incredibly wrong" about the stock, Jim said on Monday. AAPL YTD mountain Apple (AAPL) year-to-date performance In Monday's upgrade, Sacconaghi offered a largely upbeat view on Apple's long-term prospects – a view that we share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer, Bernstein, Toni Sacconaghi, Sacconaghi, Jim, Jim Cramer's Organizations: Apple, Club, Bloomberg, Microsoft, Google, CNBC, Nurphoto, Getty Locations: China
Nvidia Eddie George picked chipmaker darling Nvidia for its long-term prospects. Oracle shares are up roughly 9% this year. Apple George selected Apple for his second pick. Faced with waning demand and rising competitive pressures, Apple stock has shed nearly 12% this year, making it a weak link among the "Magnificent Seven" tech cohort. The company's legacy of sustainable excellence has also paved the way for cutting-edge technology like Apple Pay and the Apple Watch.
Persons: gunning, Breanna Stewart, Stewart, Mark Zuckerberg, Nvidia Eddie George, George, Jensen Huang, Charlotte Flair, Flair, Oz Pearlman, bitcoin, Pearlman, It's, Caterpillar's, Ekeler, Schulman, Carter, Microsoft Jillian Michaels, Giancarlo Chersich, Michaels, Nancy Pelosi's, Oracle Joey Chestnut, Larry Ellison, Wall, DraftKings, Karen Finerman, Apple George, Apple, DraftKings Eddie George, Apple Charlotte Flair, IBM Oz Pearlman, Carvana Austin, Intel Nev Schulman, Crocs Jillian Michaels, Google Joey, Starbucks Kenny, Smith Organizations: Meta, Nvidia, Tennessee Titans, Tennessee State University, Computer WWE, Computer, Micro, IBM, bitcoin, Caterpillar, Washington, Microsoft, Oracle, FactSet, CNBC, Apple, Apple Watch, Intel, JPMorgan Druski, Nike, Google, Starbucks, Warner Bros, Delta Air Locations: American, Nashville
Apple stock has had a lackluster 2024 so far — dropping over 13% since the start of the year. AAPL YTD mountain Apple YTD What's next for Apple stock? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Apple, Jim, Jeff Marks, Jim Cramer's, Christian Organizations: Apple, Research, Huawei, China, U.S, Apple's, Conference, CNBC, Getty Locations: China, Shenzhen, India, Hamburg, Germany
New data showing a sharp decline in iPhone shipments due to weakness in China is unwelcome news for investors in Apple. Sluggish iPhone sales this year have been well documented, and they're the reason Apple shares have fallen roughly 9% in 2024. First-quarter numbers from International Data Corporation (IDC) show the extent of the weakness, with iPhone shipments dropping 9.6% year-over-year to 50.1 million units — its sharpest year-over-year loss out of the top five smartphone brands. That put Samsung back in first place for phone shipments, after Apple held the crown for all of 2023 . AAPL YTD mountain Apple YTD Echoing Jeff's remarks, Jim Cramer has advised members to have patience and "own, don't trade" Apple stock despite these headwinds overseas.
Persons: Jeff Marks, it's, Jim Cramer, Apple, iPhones, that's, Jim, Apple hasn't, Jim Cramer's, Alexi Rosenfeld Organizations: Apple, International Data Corporation, IDC, Samsung, Apple's Worldwide, Nasdaq, Microsoft, Nvidia, JPMorgan, 5G, The, Bloomberg, CNBC, Getty Locations: China, New York City
What will it take to get Apple stock and iPhone sales out of their slumps? Although details on Apple's AI offerings are limited, management's track record has shown that new innovative features to Apple's devices will improve the overall user experience. We expect to learn more about Apple's AI strategy during the company's annual Worldwide Developer Conference (WWDC) in June. Apple stock continued modestly higher on Friday — bucking a sharp sell-off in the overall market that was led by a major reversal in tech. The Club did sell some Apple, along with seven other big tech stocks, on the first trading day of the new year .
Persons: , hasn't, Jim Cramer, Jim, Jim said, Tim Cook, Jim Cramer's, Christian Organizations: Apple, Wall Street, JPMorgan, Club, Developer Conference, Bloomberg, Justice, CNBC, Getty Locations: AAPL, China, U.S, Apple, Hamburg, Germany
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's decision to cut more than 600 employees in California speaks to the challenges facing the technology titan and affecting its stock price — and why analysts are divided over its outlook. At the same time, reports suggest Apple is looking into building robots that help people with household tasks. Related storiesWorries that Apple has lost its way have weighed on its stock price. Even so, Apple is a mainstay of many stock portfolios and unlikely to fall much further, Craig Johnson, chief market technician at Piper Sandler, told Bloomberg.
Persons: , Gene Munster, Dan Ives, Cook, Apple, Craig Johnson, Piper Sandler, Warren Buffett, they've, Johnson Organizations: Service, Apple, Business, Deepwater Asset Management, CNBC, Big Tech, Microsoft, Bloomberg, Berkshire Hathaway, Yahoo Finance Locations: California, China, Europe, Berkshire
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAre Apple's best days behind it? Apple stock declines more than 11% in 2024Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said investors shouldn't panic as we wait for more information regarding the probe. Walt Disney stock climbed more than 2% Monday after new bullish Wall Street research. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Wall, Coterra Energy, DuPont de Nemours, Meta, Walt Disney, Barclays, Disney, Melius Research, Apple, Analysts, Club, Department of Locations: CTRA
.DJI YTD mountain The Dow Jones Industrial Average is nearing the 40,000 level. Against this backdrop, CNBC Pro set out to find which stocks could lead the Dow to 40,000 and beyond. Click here to add this screener to your Pro stock screener. But 69% of analysts polled by FactSet are sticking by a buy or overweight rating on Boeing stock. Other potential Dow leaders that could drive the benchmark to 40,000 include recent addition Amazon as well as oil giant Chevron .
Persons: Dow Jones, Jerome Powell, Apple, Morgan Stanley's Erik Woodring, Max, Gavin Parsons Organizations: Dow, Dow Jones Industrial, Federal, Dow Jones, CNBC Pro, CNBC, Stock, U.S . Department of Justice, Apple, FactSet, DOJ, Boeing, UBS Locations: Chevron
AAPL YTD mountain Apple (AAPL) year-to-date performance Jim Cramer on Tuesday acknowledged Apple's recent woes but encouraged investors to have "patience, patience, patience," with the stock. Apple's China sales — amounting to nearly 20% of overall revenue — continues to weigh on the company due to the country's tepid consumer spending, along with stiffening local smartphone competition . Investors are hoping to hear more about Apple's AI ambitions at the company's annual Worldwide Developers Conference in June. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Apple, It's, , Jim Cramer, Apple's, iPhones, Jim, Tim Cook, we're, Jim Cramer's, Wang Gang Organizations: Big Tech, Bank of America, Nvidia, Meta, Microsoft, Apple, ISI, Service, Developers Conference, CNBC, Getty Locations: China, Shanghai
We knew Apple's China market wasn't great. Jim Cramer said the stock could fall another 5% to $160 in its current run of bad form. Jim also maintained his "own it, don't trade it" Apple mantra because the stock is "one of the greatest performers of all times." Apple shares have shed roughly 14.5% from their all-time high of $199.62 each and nearly $3.1 trillion market value on Dec. 14, 2023. The CEO said Apple AI tech is already being used in the Vision Pro mixed reality headset's hand-tracking tool.
Persons: there's, Jim Cramer, Jim, we've, Tim Cook, we're, Cook, Cook's, Jim Cramer's Organizations: Apple, Research, Huawei, Starbucks, European, Big Tech, Barclays, Vision, Management, CNBC Locations: China
This week's question: Can you go into "buy to open," "buy to close," sell to open," and "sell to close" for options trades? If I believe the price of Apple will go up, I would buy to open a call option. This means I pay for the right, but not the obligation, to call on Apple shares — from the call option seller — should they appreciate. If I sell to close a put option, I'm booking a profit on Apple shares after they've declined. I will sell to close the contract I bought to open and buy to close the contract I sold to open (both trades are "to close").
Persons: Jim Cramer, Dave M, Jim, Squawk, Virginia Sherwood Organizations: Apple, they've, CNBC
Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.
Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, , Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, , Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho
New York CNN —Warren Buffett’s Berkshire Hathaway sold off 10 million shares of Apple stock in the final three months of 2023, representing about 1% of its holdings in the company. Berkshire still owns more than 905 million shares of the company, worth about $174 billion. That represents 6% of all Apple shares and one-fifth of Berkshire’s entire portfolio. Shares of Berkshire Hathaway were 0.7% higher. More to comeFilings also showed that Berkshire sold 80 million shares of printer company HP in the fourth quarter of 2023, reducing its holdings by 78%.
Persons: New York CNN — Warren, Berkshire Hathaway, , Buffett, ” he’s, , Tim Cook, Charlie Munger Organizations: New, New York CNN, Apple, Oracle, Securities and Exchange Commission, Berkshire, Apple Apple, HP, Paramount Locations: New York, Omaha, Berkshire, China
CNBC's Jim Cramer on Wednesday reminded investors that not all market moves are sensible, pointing to recent actions that he believes reflect faulty reasoning. To Cramer, Wall Street's treatment of Apple stock hasn't been wise. Cramer has long thought investors should own Apple, and said saw the value of the new virtual reality product before its official release. But Eli Lilly 's action has especially puzzled Cramer. The pharmaceutical giant announced on Tuesday its popular drug for weight loss and diabetes may also treat liver ailments.
Persons: CNBC's Jim Cramer, Cramer, Wall, Eli Lilly Organizations: Apple, Starbucks Locations: U.S
Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.
Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles
After a rough early start to 2024 and lots of analyst negativity, Apple has turned the corner. The iPhone captured a firm-record 17.3% market share in China last year, according to the International Data Corporation's quarterly phone tracker report . 1 spot in China, Apple made the rare move of offering limited-time iPhone 15 discounts there during this month. Last week, IDC crowned Apple as the biggest smartphone maker in the world , dethroning Samsung for the first time ever. And, just about two weeks ago, we reported that the Street hadn't been this cautious on Apple stock in years.
Persons: Apple, Arthur Guo, Piper Sandler, Apple's, Goldman Sachs, we're, Jim Cramer, Tim Cook, Apple —, Jim, that's, Preorders, Jim Cramer's, Berke Bayur Organizations: Huawei, Vivo, Apple, IDC, Samsung, Barclays, Redburn, Club, Microsoft, Bank of America, Big Tech, CNBC, U.S, Getty Images, Anadolu, Getty Locations: China, India, Indonesia, Brazil, ANKARA, TURKIYE, Ankara, Turkiye, Anadolu
5 huge challenges facing Apple this year
  + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.
Persons: , David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, , Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP
Apple approaches $200 level: Here's what you need to know
  + stars: | 2024-01-22 | 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 EmailApple approaches $200 level: Here's what you need to knowJoe Terranova, Jason Snipe and Jim Lebenthal join CNBC's 'Halftime Repor" to debate Apple stock's comeback after regulatory issues and three downgrades this year.
Persons: Joe Terranova, Jason Snipe, Jim Lebenthal, CNBC's Organizations: Apple
The farm cost Buffett $280,000, a bargain after the 1980s bubble in farm prices burst, leaving many Iowa and Nebraska banks saddled with sour loans. NYU retail The second investment Buffett discussed was a New York retail property that he co-purchased in 1993 through an introduction by Larry Silverstein, Salomon Brothers' landlord when Buffett briefly stepped in as the investment bank's CEO. "If you don't feel comfortable making a rough estimate of the asset's future earnings, just forget it and move on." Key to investing Through telling stories of such specific assets, the legendary investor taught his followers that what matters the most to any investment is its future earnings. If you don't feel comfortable making a rough estimate of the asset's future earnings, just forget it and move on," Buffett said.
Persons: Warren Buffett, Buffett, Berkshire Hathaway, Larry Silverstein, Salomon Brothers, Benjamin Graham, Charlie Munger Organizations: Apple, New York University, Federal Deposit Insurance Corporation, Buffett, NYU, NYU wasn't, Columbia University Locations: Nebraska, New, Manhattan, Omaha, Iowa, New York
U.S. stock futures oscillated near the flat line on Thursday night. S&P 500 futures ticked down by 0.03%, while Nasdaq 100 futures added 0.01%. The S&P 500 added 0.88%, while the Nasdaq Composite climbed 1.35%. The S&P 500 and the Nasdaq are now positive for 2024. The S&P 500 is marginally lower by 0.06%.
Persons: iRobot, Joe Biden, Dow, Thomas Martin, Ally Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Street Journal, European Commission, Dow, Bank of America, Apple, Tech, Treasury, Globalt Investments, Regions Financial, Ally Financial, State Street, Traders Locations: New York City . U.S
Microsoft on Thursday briefly yanked the title of most valuable publicly traded company from Apple in early trading. Also last week, Microsoft said device makers will soon introduce Windows PCs with a Copilot key on their keyboards for fast access to the software maker's artificial intelligence assistant. Microsoft also stole from Apple the bragging rights for most valuable public company in 2018 and in 2021. But two years ago, Apple became the first company to exceed $3 trillion in market capitalization. Oil and gas production company Saudi Aramco briefly controlled the title before Apple took it back.
Persons: Apple, iPhones, Piper Sandler Organizations: Microsoft, Apple, The New York Times, U.S . Department of Justice, Barclays, Saudi Aramco, CNBC PRO
Wall Street made some big calls on Club stocks to kick off the first week of 2024. Apple Wall Street's take: The new year began with a bang in Big Tech and not in a good way. Apple stock received a rare downgrade from Barclays on Tuesday. We always say about Apple stock "own it, don't trade it." Microsoft, Salesforce Finally, Microsoft and Salesforce were listed as Bank of America's top picks on Friday.
Persons: Here's, IP15, , Salesforce, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Apple, Big Tech, Barclays, Tuesday, Nvidia, Data Center, Club, Honeywell, Mizuho Securities, Costco Wholesale Deutsche Bank, Costco, Microsoft, Bank, America's, Dow Jones, Dow, CNBC, Traders, New York Stock Exchange, Getty Locations: India, NVDA
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