This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Apple Doesn't Give a Damn if Analysts Understand What It Does

Stocks in this article: AAPL

NEW YORK (TheStreet) -- The reaction to the Apple (AAPL - Get Report)/Beats news exposed much of the financial and tech media for the intellectually incapacitated nitwits they are. Almost categorically, these people skewered the deal, largely on the premise of If my friends and I can't understand it, it must not be good.

As a Twitter (TWTR) buddy of mine noted in a direct message Friday:

It's been very one sided today. These analysts would make terrible chess players, they can't think more than one move ahead.

Bingo. The analysts aren't very good at visioning and considering the broad implications and possibilities of a development they can only conceive in here-and-now concrete terms. Beats Music isn't very good right now. So the deal's bad. A sizable chunk of people apply the same criticisms to Beats headphones as Apple haters do to Apple products (it's all about the marketing!), so the analysts pan the deal as "bad," "difficult to make sense of" and "not easy to understand."

But -- from the Wall Street population to the media echo chamber -- remember who these people are ...

For nearly three years we endured faux Pandora (P) killer after faux Pandora killer. Each and every time it was supposed to die, Pandora staved off seemingly competitive salvos as investors hastily and misguidedly sold off its stock. Now, when Pandora suddenly finds itself in a situation where it is vulnerable and the things that happen around it matter, its stock didn't crash, but actually went up on the Apple/Beats news. To clarify, it wasn't the mere news of the deal that impacted the stock, it was the reaction from the aforementioned nincompoops that provided Pandora shares support.

This is all beyond the height of inanity. And the Pandora illustration only begins to scratch the surface of Apple/Beats-related double cheeseburger inanity.

On Page Two ... like Paul Harvey always did, I start digging deeper.

1 of 2

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!


DOW 17,293.48 -93.73 -0.54%
S&P 500 2,018.48 -11.07 -0.55%
NASDAQ 4,675.21 -6.2870 -0.13%

Partners Compare Online Brokers

Free Reports

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