Warren Buffett's moves on Apple 'make a lot of sense' to me right now, says Maxim Group's Tom Forte

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CNBC Television
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Published 2024-08-05
Tom Forte, Maxim Group senior consumer internet analyst, joins 'Squawk on the Street' to discuss Apple after investors slash their stake on the tech giant stock.
All Comments (8)
  • @alexeykulikov2739
    siri is so horrible i am seriously thinking about switching to an android after 14 years of using an iphone. Nevermind the lack of a foldable.
  • @shdmd2118
    I bet by tomorrow, Apple will be a safety play again
  • @RogerChamps
    It's not something that has just happened today. He started selling shares on stocks several months ago. I mean why not capitalize on just safe interest when you know a market correction is coming? I could get some pretty safe 8% at my scale. I'd imagine he could get 10 or 11 %. I don't look at the stock market as necessarily a summary of our current economy. I look at other economic data for that. I don't see the stock market as a referendum on the economy because I've seen it drop 700 points one day and gain a thousand the next. Those numbers are kind of broker's fears and confidences. Buffett sold some stock and some of them got skittish. That's all we can tell by it. If i were going to look at those numbers and decide whether to have smoked salmon or fried bologna I'd get out of the markets.
  • @nobnoba
    Did she say, China has NO AI? LOL