Sure thing, here it goes:
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So I was flipping through some market stuff the other day—yeah, I do that sometimes—and saw that Apple’s getting some attention again. Jefferies decided to give their shares a little bump, just in time for the holiday vibes. But guess what? Some folks on “Fast Money” aren’t popping the champagne yet. Dan Nathan—he’s with RiskReversal Advisors (say that three times fast)—was spinning a less rosy tale. Apparently, Apple’s not exactly riding the AI wave. Like, they’re just kind of chilling while others are out there making moves. Makes you wonder, right?
Jefferies upgraded Apple from “sell” to “hold” and tweaked the price to $188 from $171. Something about tariffs causing people to buy now rather than later. I dunno, seemed like a big deal to them.
Karen Finerman chimed in, and she’s not super keen on Apple either. She calls it her least favorite among the “Magnificent Seven.” I mean, talk about harsh. The lineup includes big names like Alphabet, Amazon, and, oh, Tesla too. She’s saying Apple’s knee-deep in this supply chain mess—definitely not the best place to be.
Then there’s Tim Seymour, bringing a slightly sunnier outlook. He’s like, hey, maybe all the bad news about China and tariffs is old news now. Still, he’s watching Apple’s numbers closely, which he thinks are a bit iffy. But hey, at least he’s got that “glass half-full” thing going on.
So, Apple’s shares made a jump, 6% to be exact, over the short holiday week. Not too shabby, right? But compared to those flashy Mag Seven guys, they’re kind of lagging. Off about 15% this year while the Mag Seven’s up 3%.
And yeah, mark your calendars or set a reminder on your phone—Apple’s rolling out their fiscal third-quarter earnings on July 31. I wonder what fireworks, if any, we’ll see then.
