Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer on Why He's Not Looking Forward to Apple's Event

Video Credit: The Street - Duration: 00:35s - Published < > Embed
Jim Cramer on Why He's Not Looking Forward to Apple's Event

Jim Cramer on Why He's Not Looking Forward to Apple's Event

Three analysts upgraded for Apple Thursday ahead of its much-anticipated launch event next week in Cupertino.

Citigroup boosted its price target on Apple by $50 to $220 per share with analyst Jim Suva expecting a dividend increase and a $100 billion increase in the company's share buyback plans when it reports second quarter earnings next month.

Needham analysts upgraded Apple to "strong buy", with Laura Martin lifting her price target by $45 to $225 and arguing the company is "most likely to prevail in a direct competition between FAANG ecosystems." "The March 25th event holds significance; however, less so relative to any major surprises as part of the launch of video services, but more so relative to creation of another Services growth driver.

With an abundance of predictions on the announcement already widely publicized in the press, we believe the event itself will not be a catalyst," JP Morgan's Samik Chatterjee said.

"However, as we look at the opportunity for the announcement to make a material impact on earnings in the future, we are primarily focused on longterm drivers that could set up the video service to establish itself as a strong competitor to Netflix over time." Related.

Jim Cramer: Apple Doesn't Need a Driverless Car to Be a Buy Will You Have Enough Money Retire?

Want to learn about retirement planning from some of the nation's top experts?

Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium.

For a limited time, tickets are available for $99 for this full-day event.

Check out the agenda, learn about the speakers and sign up here.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Apple's Smartwatch Domination is Good News For Investors [Video]Apple's Smartwatch Domination is Good News For Investors

The Apple Watch is Apple's newest product star. Apple controls almost half of the smartwatch market according to Strategy Analytics - with Samsung and Fitbit at a distant 2nd and 3rd. And the market..

Credit: The Street     Duration: 01:02Published

Why Jim Cramer Says the Tariff Delay Had Everything to Do With Apple [Video]Why Jim Cramer Says the Tariff Delay Had Everything to Do With Apple

Things had certainly gotten a lot gloomier...until news hit that China held phone talks with U.S. officials. The U.S. Trade Representative followed the news with an announcement that it would delay..

Credit: The Street     Duration: 01:49Published

AMD CEO Lisa Su Tells TheStreet Why Her C-Suite Journey Is Far From Over [Video]AMD CEO Lisa Su Tells TheStreet Why Her C-Suite Journey Is Far From Over

Lisa Su says she has no plans to leave AMD , and that there's much that she still wants to accomplish as the CPU and GPU developer's CEO. During a wide-ranging conversation with TheStreet that took..

Credit: The Street     Duration: 18:53Published

Worried About Tariffs? Why This Trader Likes FAANG, Disney, Adobe [Video]Worried About Tariffs? Why This Trader Likes FAANG, Disney, Adobe

Just don't have tariffed-materials exposure and don't have China exposure. That's the game plan for veteran trader and RealMoney contributor Sarge Guilfoyle. Trump threatened 10% to to 25% additional..

Credit: The Street     Duration: 01:26Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.