Apple's stock could be poised for more run-up, says Bernstein's Toni Sacconaghi

Published 2024-05-03
Toni Sacconaghi, Bernstein senior research analyst, joins 'Power Lunch' to discuss Apple as the stock of iPhone maker popped on earnings beat.

All Comments (9)
  • @mollyEmiliano
    My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
  • @Fredia-fy2xt
    I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance.
  • @brianalbano9005
    These market timer "managers" never beat sp500 over 5 years
  • @JeganBedpal
    Maybe it goes sideways or down in summer, but it peaks only in June-July, and before that it pumps like crazy in May. Next few months will be euphoric, forget about deeper corrections. Stock market is already oversold, put/call ratio near extreme levels, May is historically bullish for tech stocks (if earnings come out good). Bitcoin will probably chop around here and close month negatively (first time in 8 months), then to the moon! And even if there is a larger correction in the future, it will happen above previous ATH, that's where BTC.D dumps and altseason kicks in. So the fun is just getting started...It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...
  • @PatrickDavis1
    Hit 200k today, Thank for the knowledge and nuggets you had thrown my way over the last months, Started with $17, 000 in the last months 2024....
  • @amatuer2
    Warren Buffet has been selling Apple...hmmm
  • Apple stock is being held up by major shares buybacks, they lost another 10 % of sales this quarter, Apple stock will drop like a rock.