This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: Getting to the Core of Apple

Stocks in this article: AAPL HPQ CHL NUAN QCOM CAT VOD MRK LULU XRX NASH FLAG URI UTX GLW ABX

NEW YORK (TheStreet) -- The S&P 500 closed lower in a volatile trading session. Monday began a busy week of earnings. Apple (AAPL) reported after the close. 

The technology giant beat on top- and bottom-line estimates but provided a below-consensus, second-quarter guidance to go along with lower-than-expected sales of the iPhone. 

Guy Adami, managing director of stockmonster.com, said it seems like the stock will set up as a good long on Tuesday. He added Tuesday's low is unlikely to surpass Monday's after-hours low. 

Karen Finerman, president of Metropolitan Capital Advisors, said gross margins look pretty good, but Apple needs a new product category as a positive catalyst for the stock. She added that it's a hard stock to value but below $500 it is attractive. 

Tim Seymour, managing partner of Triogem Asset Management, said many investors want the positive catalyst to be China, but earnings per share growth won't be that big due to the region. Below $515, AAPL could have some trouble. 

Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said the stock could get crushed, just as it did around the same time last year. He argued Apple stock is cheap and that shouldn't happen. He questioned why a company like Hewlett-Packard (HPQ) trades with a higher valuation. 

Colin Gillis, senior tech analyst at BGC Financial, was a guest on the show. He downgraded AAPL in Monday's trading session, based on valuation and his price target. He said the company desperately needs a new product to get investors excited again. 

Gillis added that iPhone demand is still good, but softer than what analysts had expected. He also said that iPhone activations on the China Mobile Limited (CHL) network are strong, but it could be the end of the "miraculous iPhone run" of upside estimate beats. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs