Buy Low...don’t be excited-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Lionel83
2021-06-21

Buy Low...don’t be excited

Bernstein says wait for this price to buy Apple shares ahead of upcoming iPhone launch

The struggles forApple’s stock in 2021 have set the stage for a boost from the new iPhone, but inves

Bernstein says wait for this price to buy Apple shares ahead of upcoming iPhone launch

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBernstein says wait for this price to buy Apple shares ahead of upcoming iPhone launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 20:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/bernstein-says-wait-for-this-price-to-buy-apple-shares-ahead-of-upcoming-iphone-launch.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The struggles forApple’s stock in 2021 have set the stage for a boost from the new iPhone, but investors should wait for a lower price before jumping in, according to investment firm Bernstein.\nApple ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/bernstein-says-wait-for-this-price-to-buy-apple-shares-ahead-of-upcoming-iphone-launch.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/06/21/bernstein-says-wait-for-this-price-to-buy-apple-shares-ahead-of-upcoming-iphone-launch.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1172956691","content_text":"The struggles forApple’s stock in 2021 have set the stage for a boost from the new iPhone, but investors should wait for a lower price before jumping in, according to investment firm Bernstein.\nApple typically unveils its new iPhone models in the fall, and the stock has historically risen into that event, according to the firm. Shares retreated slightly this year and finished last week at just above $130 apiece.\nBernstein’s Toni Sacconaghi, who has a market perform rating on the stock, said in a note to clients on Monday that the underperformance makes Apple more tempting but the price still isn’t quite right.\n“On net, we feel better about Apple’s valuation compared with the beginning of the year, and are more constructive on the stock,” the note said. “That said, we still believe risk-reward is largely balanced, given potential downward revisions and potential for a weak iPhone 13 cycle; we see a market-multiple or below ($110) as a compelling entry point.”\nAnother concern for Apple shareholders is that the strong start for last year’s iPhone model may dampen the boost for this year’s cycle, according to the note.\n“We remind investors that the only year that the iPhone seasonal trade failed between June and September was following the strong 6 cycle, which objectively bears strong similarities with the current iPhone 12 cycle,” the note said.\nBernstein has a price target of $132 per share on Apple, which is just 1% above where the stock closed on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":345,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":23,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}