Australia  

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

Why Jim Cramer Doesn't Want Shares of Apple Up Ahead of the Event

Video Credit: The Street - Duration: 01:35s - Published < > Embed
Why Jim Cramer Doesn't Want Shares of Apple Up Ahead of the Event

Why Jim Cramer Doesn't Want Shares of Apple Up Ahead of the Event

Real Money's Stock of the Day Apple is set to show off Monday a new subscription video service, as well as a revamped Apple News, that could serve as anchors for Apple's growing services business.

TheStreet will be conducting a live blog breaking down Apple's event, which begins at 1 p.m.

ET.

Please check TheStreet's home page then for more details.

Many analysts were feeling optimistic ahead of the announcement, with several jacking up their price targets to between $215 and $225 a share.

Apple shares rose 2.7% during the week on the backs of those upgrades, ending the week at $191.18.

TheStreet's Annie Gaus reported that, based on past events, Apple's hardware event might not have a large impact on shares of Apple.

It's worth noting that Apple product reveals, at least where hardware announcements are concerned, have seemingly lost some of their power to move the stock dramatically.

For instance, Apple's 2017 reveal of the iPhone X produced a move of -0.9% three days after the announcement, which was the worst stock market response to a new iPhone, according to data from IG Group.

But it's a different ballgame now, with Apple forging a new path into services and away from its iPhone-centric revenue regime.

Apple has sought to shift focus away from iPhone unit sales and towards its installed base of 1.4 billion Apple devices worldwide.

Related.

Market Evolution, China Trade, Copper Pricing, Apple Event: Market Recon Will I Have Enough Money to 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

Chewy Let The Dogs Out [Video]Chewy Let The Dogs Out

Chewy is Real Money's Stock of the Day. The Amazon of pet supplies is set to IPO on the NYSE today. Shares are being priced at $22 per share, which is higher than the expected range of $19-$21...

Credit: The Street     Duration: 01:07Published

Stock of the Day: United Technologies (UTX) [Video]Stock of the Day: United Technologies (UTX)

Raytheon and United Technologies have announced an all-stock merger to form an aerospace and defense giant that will be known as Raytheon Technologies Corporation. Importantly, it is believed that..

Credit: The Street     Duration: 01:50Published

Jim Cramer Weighs In on Salesforce Earnings, Tim Cook's Comments and the Markets [Video]Jim Cramer Weighs In on Salesforce Earnings, Tim Cook's Comments and the Markets

Here's what you need to know about the markets Wednesday. Are the Markets Ready For a Fed Rate Cut? The simple answer? Yes, apparently. The market closed up over 500 points Tuesday and opened in the..

Credit: The Street     Duration: 11:28Published

Cloud Forecast: What Jim Cramer's Watching in Salesforce Earnings [Video]Cloud Forecast: What Jim Cramer's Watching in Salesforce Earnings

Salesforce is reporting earnings after the bell Tuesday. Analysts expect the company to post earnings of 61 cents per share. Last Friday, Jeff Marks, senior portfolio analyst with Jim Cramer's Action..

Credit: The Street     Duration: 01:48Published

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.