Morgan Stanley's bullish call on Apple ahead of earnings defies conventional wisdom, Jim Cramer says

Morgan Stanley upped its price target on the stock to $247 from $231 Monday, which triggered the stock to rally 2.3% during the session.

Cramer has stressed that buying the stock of a company before it reports earnings is a risky venture. He called theHuberty wrote in a note that Apple is an "attractive setup into earnings," predicting that the company's services business could have grown more than 16% against the backdrop of negative investor sentiment and conservative guidance.

"We hate it at 'Mad Money' when stocks run [going] into earnings ... the reaction of a stock to what we call the 'print' will often depend on what it's done beforehand, and that comes down to these kinds of calls," Cramer said. Still, the host recommends investors sit on the sideline and digest Apple's report. It's a stock he always says you must own and never trade.

what in this market doesn't jimcramer ?

What’s the motive to give price targets dats before earnings? Why not wait for the results then give some analysis? Just leading sheep to slaughter. They aren’t giving out these targets out of the goodness of their hearts to help the mom and pop investor.

100% agree. iPhone sales should be way down.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Morgan Stanley on Apple: 'Attractive setup into earnings'Morgan Stanley maintained its overweight rating on Apple's stock and hiked its price target to $247 from $231, heading into the tech giant's third-quarter earnings on July 30. lmao permabulls LiveSquawk Nah, you know something is terribad when you see headlines like this.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Morgan Stanley on Apple: 'Attractive setup into earnings'Morgan Stanley maintained its overweight rating on Apple's stock and hiked its price target to $247 from $231, heading into the tech giant's third-quarter earnings on July 30. lmao permabulls LiveSquawk Nah, you know something is terribad when you see headlines like this.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Analysts love these 5 stocks ahead of their earnings reportsCNBC combed through Wall Street research to see which stocks analysts like into earnings season.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Beyond Meat's stock jumps 12% ahead of earningsShares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings. stonks gonna ponzi- can’t wait for the class actions to start after the sell off😂😂😂 Prepare for a nice ride down Somebody's mic is screwed up. Please turn it off
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »