Cramer's Morning Take: Apple 8/27/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 27 August 2024
⏱️ 4 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club morning meeting. |
| 0:09.0 | We have a very interesting day developing. |
| 0:12.0 | Yields have gone up a little bit. |
| 0:15.0 | What people are doing is that when you have yields up, that makes it so that the companies that you may have been buying, |
| 0:21.3 | Kimberly Clark, with a higher dividend, become less attractive. And the money is actually going to |
| 0:26.8 | flow back because it's so fungible, maybe into some tech, or at least the tech selling won't be |
| 0:32.5 | the bad. And the reason why I mention this is because if you watch the stock of Apple, it's telling |
| 0:37.2 | the tale. Yeah, and especially because if you watch the stock of Apple, it's telling the tale. |
| 0:38.1 | Yeah. |
| 0:39.1 | And especially because there were some negative news around Apple late yesterday. |
| 0:45.3 | The longtime CFO, Lucmaestri, stepping down. |
| 0:50.0 | Morgan Stanley points out during his tenure, EPS, 8% growth, 15% growth, compounded |
| 0:58.0 | since he took over as CFO, so these are just extraordinary numbers, help grow the services |
| 1:02.1 | business from less than $20 billion annually in fiscal year 14 to $93.5 billion. |
| 1:08.2 | Handled the buyback and handled it very effectively. He's been great. If there was stock for sale, a mountain of stock for sale, he came in and bid. Most of these CFOs just say, every day I want to buy 100,000 shares. That's stupid. He never played that. That's a game, which that means that you just don't want to even think about it. He thought about stockpresent. And he's staying with the company. |
| 1:28.4 | Yes, he is. |
| 1:29.2 | But the CFO has officially changed. |
| 1:30.9 | Sure. |
| 1:31.6 | But a deep bench, I'd argue at Apple, I mean, they attract some of the best talent in the world. |
| 1:38.4 | So I would think they're in good hands. |
| 1:41.1 | I'm going to reference Morgan Stanley again. |
| 1:42.8 | They said they've been impressed with the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

