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Squawk on the Street

Cramer's Morning Take: Apple 10/28/24

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 28 October 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Jim and Jeff discuss their disappointment in this mega-cap tech stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

I'm Jim Kramer, and you're about to hear a sample taken directly from today's

0:06.5

CBC Investing Club morning meeting.

0:09.0

Jeff, I mean, you can't have all these stocks go up ahead of quarters that are meant to be,

0:16.0

at least that we're looking at.

0:18.0

Let me just, you know, Apple, I think misses the quarter because the 16.

0:22.5

Alphabet has done nothing to clarify what's going on with its internet strategy or with Waymo.

0:28.2

You have Microsoft, many of us on every day complaining that co-pilot's a loser, and so did Gartner say that.

0:34.2

And Amazon gave you a very weak forecast. The only one that was really

0:38.1

positive was meta. So four out of five could be bad this week.

0:42.3

I mean, if Apple does in fact miss a quarter, are you concerned with that at all?

0:45.9

Absolutely. Absolutely. And that's why I try to warn people in our weekend piece that you have to

0:51.5

ride it through. Because the reason why it's weak is because there are people who want to wait and see for the full AI suite. Sure. I do too. I mean, I was going over and said, you know, trying to figure out the 13. It's the time. Yes, it's time for me to upgrade. And my wife said, how can you pull the trigger on the 60? You don't even know it has.

1:11.3

I think that discussion is going on all over this country. Yeah, and I think even after the

1:15.7

rollout of Apple Intelligence, which I think is the first rollout is this week, and then you'll

1:20.8

have some other features like chat GPT integration at a later date. Yeah, it's going to take

1:26.9

some time. It's going to take some word

1:28.4

of mouth just as you described with the conversation you've had with your life. But they're all

1:31.8

coming in hot. Apples up two bucks today. Yeah. It's coming in too hot. I wonder if maybe the

1:37.2

decline in oil has anything to do with it. We are seeing oil plunge. It's one of its worst days since

1:42.0

July 22 as essentially the strikes

1:46.6

in the Middle East, Israel, all night ran, they avoided the energy facilities.

1:51.3

Right.

...

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