"At this point," says CNBC's Jon Fortt, "that would be a long way down."
My take: I can't tell if Hall is serious or if he's trolling. He's been wrong before. See Goldman Sachs’ Rod Hall eats hat, raises Apple price target to $240
My take: I can't tell if Hall is serious or if he's trolling. He's been wrong before. See Goldman Sachs’ Rod Hall eats hat, raises Apple price target to $240
You must be logged in to post a comment.
I keep asking myself – is there anything to like about Goldman Sachs?
Seriously. He is smart. Surely he knows that buybacks and services growth can sustain a share price above $200. (above $250 in my view.)
$165 implies a black swan event. He should admit that.
Sounds like another “very stable genius” to me…
Ummmmm, They helped make the AppleCard possible?
At my bank yesterday (Umpqua) signing loan docs. One of the docs displayed the credit report used to approve the loan. My credit rating was a paltry 702, which I thought at the time was pretty good, considering I filed bankruptcy 15 years ago and have done nothing to re-establish my credit (through options trading have paid cash for everything since).
Goldman probably figured a way to kink the Apple PAY connection, forcing the customer to use the Apple CARD, allowing Goldman keep the extra 1%.
I leave the Apple CARD at home. CapitalOne has a CC that pays 2% and I never leave home without it. 😉
I showed them the App and that went over very well, especially the part where charge activity displayed the actual vendor name. I wish those on Apple 3.0 could have heard the reaction when I brought up the charge vendor’s location on Maps.
As an aside my interest rate on AppleCard is 23.99%. My Umpqua line of credit is 10.50%. I will be using it to pay off my long term AppleCard debt (if ever I have any). That way I earn the points AND get low interest rates.
There I fixed it.
He isn’t dumb or making any incorrect assumptions. He’s playing his role as part of Wall Street’s criminal racket.
Nothing more and nothing less.
Frankly, we still don’t know how this is all going to play out, and while I think Mr. Hall (and our fellow poster Victor) are expecting the worst from the tariff war, IMHO it’s just too soon to tell. Importantly, counterbalancing that is what appears to be an impressive uptick in iPhone sales, which has a synergistic impact when coupled with continued growth in the rest of Apple. The net result is that I personally discount the possibility of a move down to $165/share. Nevertheless, I’ll keep some powder dry in the off chance that I’m wrong about that.
Those choosing to buy, or sell, based on vague, incomplete and ambiguous news reports and tweets regarding China/US trade negotiations are trading on nothing (and shouldn’t be allowed to manage their own money).
I don’t disagree. But for whatever reason, AAPL is down almost $3 in the after-hours market as of now, giving up more than it gained during the day.
This is not the kind of stock behavior that the average investor is pleased to see, regardless of who or what is to blame.
Getting paid for eating hats.