Friday, April 17, 2020 4:59:40 PM
Munster Says Cook Is Hinting At 'Ugly' Earnings
Apple CEO Tim Cook said during an employee meeting this week he remains ultra-focused on long-term themes, especially those in health and wellness and 5G technology, Munster said Friday on CNBC's "Squawk Box."
Reading between the lines, this may suggest that near-term earnings reports are likely to be "ugly," especially as Apple continues to pay for employees at retail stores that are not operational, he said.
Apple Can Reach $575, Munster Says
Cook is "laying the groundwork" for Apple to grow over the next five, 10 or even 15 years, the tech venture capitalist said.
Apple is making the "right decision now" to invest in its business, and this helps make the case for shares to rise to $575, Munster said, adding that this estimate is based on the premise of 15% earnings growth over four years and a multiple of 25 times.
Munster Says Apple's Investments Will Pay Off
Companies that are making the right decision today to invest in themselves will "outperform the most," Munster said.
Compared to fellow big-tech companies like Amazon.com, Inc. (NASDAQ:AMZN), Apple boasts earnings power that is "significantly greater longer-term," he said.
Similarly, Facebook, Inc. (NASDAQ:FB) is not "changing the world at the same velocity" compared to Apple or Amazon, Munster said.
Ahhhhh.......Stocks that start with A.
Definition of stupid: Knowing the truth, seeing evidence of the truth, but still believing the lie.
Recent AAPL News
- Alphabet Unveils AlphaProof and AlphaGeometry 2; OpenAI Tests SearchGPT; Apple Loses Market Share in China • IH Market News • 07/26/2024 10:07:41 AM
- Meta Unveils Llama 3 AI Model, Elon Musk’s X Poll Backs Tesla’s $5B xAI Investment, and More • IH Market News • 07/24/2024 09:53:32 AM
- Johnson Controls Division Sold for $8 Billion; Alphabet’s Offer Rejected by Wiz; AMD President Announces Retirement • IH Market News • 07/23/2024 10:00:52 AM
- Microsoft Shares Drop 2% and CrowdStrike Plunges 21% Pre-Market Following Major Global Outage • IH Market News • 07/19/2024 10:01:22 AM
- Darden Acquires Chuy’s for $605M, BYND Drops 14% Amid Debt Restructuring, Petco Appoints Ex-Five Below CEO • IH Market News • 07/18/2024 09:59:44 AM
- Apple scores record 72 Emmy Award nominations & sweeps across top categories including Outstanding Limited series for “Lessons in Chemistry,” Outstanding Drama for “The Morning Show” & “Slow Horses” & Outstanding Comedy for “Palm Royale” • Business Wire • 07/17/2024 10:05:00 PM
- Match Group Soars 8% Amid Potential Sale Pressure; Deutsche Bank Anticipates 2Q Loss, and More • IH Market News • 07/16/2024 10:10:09 AM
- Alphabet Nears $23 Billion Wiz Acquisition, Trump Media Stock Soars 63% Pre-Market, and More • IH Market News • 07/15/2024 10:34:36 AM
- Ericsson Reports 14% Profit Increase, UBS Downgrades Tesla Shares, Ozempic Linked to Reduced Dementia Risk • IH Market News • 07/12/2024 10:28:11 AM
- Tamer-Than-Expected Inflation Data May Lead To Extended Rally On Wall Street • IH Market News • 07/11/2024 01:09:48 PM
- Costco Hikes Membership Fees; ON Semiconductor Stock Drops 3%; WD-40 Soars 13% on Strong Q3 Earnings • IH Market News • 07/11/2024 10:17:26 AM
- U.S. Stocks Rally Ahead Of Close Watched Inflation Data • IH Market News • 07/10/2024 08:44:00 PM
- NEAR Achieves New Milestones, TIA Faces Market Volatility, Block Unveils Advanced Mining Chips • IH Market News • 07/10/2024 07:47:39 PM
- Tech Stocks May Lead Initial Upward Move On Wall Street • IH Market News • 07/10/2024 01:11:51 PM
- Microsoft and Apple Exit OpenAI Board, TSMC Exceeds Forecasts with Record Revenue, and Other Key Updates • IH Market News • 07/10/2024 10:42:17 AM
- Paramount-Skydance $28B Merger, Boeing Agrees to Plead Guilty with $243.6M Fine, and More News • IH Market News • 07/08/2024 10:37:52 AM
- Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News • IH Market News • 07/03/2024 10:59:39 AM
- U.S. Stocks Close Higher; Nasdaq Outperforms • IH Market News • 07/01/2024 09:10:17 PM
- Dow Dips, Nasdaq Gains, Oil Prices Rise • IH Market News • 06/26/2024 11:00:03 AM
- SolarEdge Stock Falls 13%, Wegovy Approved in China, Grail Nasdaq Debut, Apple Rejects Meta Chatbot • IH Market News • 06/25/2024 10:36:11 AM
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
- Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur • Business Wire • 06/20/2024 02:00:00 AM
- Nvidia Overtakes Microsoft To Become World’s Most Valuable Company • IH Market News • 06/19/2024 09:32:08 AM
- Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More • IH Market News • 06/18/2024 11:02:13 AM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM