Apple announces iPhone 13 – what it means for stock performance

Apple announces iPhone 13 - what it means for stock performance

Apple on Tuesday unveiled the latest smartphone model, the iPhone 13, along with a new watch and an iPad.

Here are five experts on what the release of the new product could mean for Apple stocks.

New Street Advisors founder Delano Sapporu said he was adding his post to the name.

“It adds more to any short-term weakness … we had the epic diet [last] week and we saw a slight drop in the stock price, and I think investors who are long bullish on a company like Apple should add to any near term weakness… For the stock and now investors have started to to bid. I think there is a reason, if you look at it on a 12 month basis, the earnings are valued at around 29 times which is lower than most FAANG names. I think there is room for a lot of expansion.

Quint Tatro, president of Joule Financial, has a contrary opinion on the title.

“It was a feature of the end. When the market is weak I think people turn to Apple. It has constant cash flow, it’s a stable name, but I have to take the other side of the business here. I know it’s not a popular opinion, but I’m not an Apple fan at these levels… it’s hard to justify a forward multiple of 35, when they hit their numbers those numbers go up 10% During this time the company has leveraged its leaf balance. It is now a proxy for the market – 6.2% of the overall S&P. So if people are bullish in the market and add passive index funds, it will continue to participate, but I think there are many other great opportunities. “

Stephanie Link, chief investment strategist at Hightower, sees the stock as stable performance.

“I have the weight of the market. It’s 6% of my portfolio. So I want to go skiing, given my concerns, and, oh, by the way, 76% of sellers love this thing. Everyone has it. I don’t know what a progressive buyer is… I don’t think you’re going to be rushing to see a buy in the name. Now if this was a remodel i would be sure i will look again, i am overweight by name, but for now i think it makes sense to have market weight.

Tom Forte, senior research analyst at DA Davidson, said the secret weapon of the new iPhone is that it is 5G compatible.

“I think the good news for Apple for this year is the same as last year. The real star of the show is 5G networks. So I don’t think they need anything big to happen in the iPhone 13. It will be 5G for consumers. They are slowly but surely building the 5G network as a device. I think it’s going to be a really strong sell for the iPhone for that reason, which is good news for Apple and its stocks. East. “

Krish Shankar, senior research analyst at Cowen, said Apple should be able to cope with material shortages and supply chain cutbacks.

“Apple probably has a better position than other manufacturers of weather devices [supply chain] Storm, so pretty much I think at this point it’s probably going to be the same price online as last year’s iPhone.

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