Cramer says Apple's Monday rally doesn't have ‘staying power' after analyst upgrade [CNBC]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.apple.com
Company Research
Source: CNBC
He said the gains may not last, and investors should wait to buy. On Monday, Bernstein's Toni Sacconaghi upgraded the stock from neutral to buy and said it's time to “buy the fear.” Sacconaghi suggested the stock was too cheap, saying it's set up for a “strong iPhone 16 cycle” and that its weakness in China is “more cyclical than structural.” “Unlike Toni, I want you to own Apple, not trade it, even as I suspect this quarter will be weak and the next quarter will be worse,” Cramer said. “But I'm with him that you should buy the stock — I just think you need to wait it out, because now you've got a Saccconaghi spike on top of what could be a bad quarter.” The iPhone maker is set to report earnings Thursday evening, and Wall Street's expectations are low. But the stock saw shares rise on Monday, closing up 2.48%. Cramer said he's not trying to disregard Sacconaghi, who he called a “genuinely great analyst,” but said he's an “Apple skeptic” who doesn't analyze the stock accuratel
Show less
Read more
Impact Snapshot
Event Time:
AAPL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AAPL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AAPL alerts
High impacting Apple Inc. news events
Weekly update
A roundup of the hottest topics
AAPL
News
- Millennials Coming To A Golf Course Community Near You [Yahoo! Finance]Yahoo! Finance
- Apple's latest iOS update is bringing back deleted photos, users say, including NSFW content [Business Insider]Business Insider
- Coatue Management top Q1 moves: exits Apple, Disney, takes in Qualcomm, piles into TSMC [Seeking Alpha]Seeking Alpha
- Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year [Yahoo! Finance]Yahoo! Finance
- Warren Buffett Shipped $5 Via FedEx To Settle A Football Bet And Jokes That's His Limit This Year: 'There's No Fool Like An Old Fool' [Yahoo! Finance]Yahoo! Finance
AAPL
Earnings
- 5/2/24 - Beat
AAPL
Sec Filings
- 5/14/24 - Form 4
- 5/3/24 - Form 8-K
- 5/3/24 - Form 10-Q
- AAPL's page on the SEC website