Apple (AAPL) is doing a great job at something at WWDC, even if it doesn't realize it's doing it.
CEO Tim Cook and other Apple executives took to the stage Monday and unveiled a new video streaming partnership with one-time rival Amazon (AMZN) , as well as cute upgrades to the Apple Watch operating system. Even its new digital speaker was OK. But, the reality is that people should question whether Apple is truly changing our lives. None of what was shared at WWDC was game-changing, arguably.
Make no mistake, the iPhone (and yes, even the Apple Watch) has changed society as we know it. It has essentially put a shopping mall into our pockets. But with Apple now worth more than $800 billion, some questions need to be asked on whether the tech giant is still fundamentally changing games and rewriting rules. And if the answer is no, then why not explore other names in tech?
One of those names that continue to be worthy of attention is Amazon -- despite its own heady valuation. It could easily be argued that Amazon is currently changing more games than Apple. From being on the cusp of launching smart grocery stores to expanding cloud services to doing God knows what else, Amazon remains incredibly innovative. Not that Apple isn't; Amazon is more so.
Now, go charge up your iPhone after reading this one; lots more news coming.
Read This Or Lose Out
Apple is shown no love to kick off the week: Look at this analyst trying to get his firm's research in the news. Pacific Securities analyst Andy Hargreaves said that while Apple "anticipates strong performance in the iPhone 8 cycle" it has given "relatively little weight to risks through the cycle or the potential for iPhone sales to decline" in its 2019 fiscal year, TheStreet reports. Talk about trying to time a market disappointment to Apple's WWDC on Monday.
A post shared by Biggest Apple Fan | William (@biggestapplefan) on
Big call here: Money manager and long-time contributor to TheStreet Doug Kass is out with a big call on the stock market. Read his latest or risk losing all your money. Thank you in advance.
Step it up, department stores: Yours truly had to drop the hammer on Macy's (M) and J.C. Penney (JCP) in this new piece. A recent visit to each store perfectly showed why Amazon is killing all department stores.
So let me guess, you now hate Peyton Manning: The legendary quarterback is catching some flack on Twitter for playing golf with President Trump. Come on, give me a break. If the president asked you to play a round with him, you would probably jump at the chance.
Peyton Manning & Sen. Bob Corker of Tenn. depart the W.H. after President Trump returns from a 4.5 hour outing at Trump National Golf Club. pic.twitter.com/TeWn6KjsqO— Al Drago (@Al_Drago) June 4, 2017
Remember how far General Motors has come: Tuesday will bring an interesting annual shareholders' meeting for automaker General Motors (GM) . Activist investor David Einhorn has been agitating for some odd changes, while General Motors of course has resisted them. Bottom line is that GM CEO Mary Barra has done great work at the company -- a true change agent. Remember, GM was once a company that signed off on this ridiculous steam-powered Chevy Chevelle. Something like this would never happen under Barr's watch.
Read More Trending Articles:
- 'I Am Positioned Aggressively for a Stock Market Correction,' Says Doug Kass
- Almost Everyone Has Given Up on Ford, but This Chart Says a Surprising Reversal In Its Stock Is Near
- How to Use Technical Analysis to Make Money: Cramer's 'Mad Money' Recap (Monday 6/5/17)
- Here's Why There Is a Sea of Red Across Global Stock Markets Tuesday
- One New Chart from Goldman Sachs Should Make You Question the Entire Bull Market in Stocks
Jim Cramer and the AAP team hold positions in Facebook and Alphabet for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.
This article originally appeared at 09:08 ET on Real Money, our premium site for active traders. Click here to get great columns like this from Jim Cramer and other writers even earlier in the trading day.