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Wall Street Unplugged - What's Really Moving These Markets

Ep 334: Apple Could Fall Another 15%

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.51.1K Ratings

🗓️ 5 August 2015

⏱️ 88 minutes

🧾️ Download transcript

Summary

John Petrides, portfolio manager at , says investors should avoid buying Apple on this pullback. He cites lower margins, weak Watch sales and little "wow" factor in Apple's next iPhone as reasons why the stock could fall15%from here. John also breaks down China.  He sees slower growth ahead which could push material stock lower.   Finally, John shares his favorite ideas. This includes three stocks investors should buy today.

Transcript

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0:00.0

Wall Street Unplugged looks beyond the regular headlines heard on mainstream

0:06.1

financial media to bring you unscripted interviews and breaking commentary direct from Wall Street

0:11.8

right to you on Main Street.

0:14.0

There's it going out there, it's Wednesday, August 5th.

0:19.0

And I'm Frank Curzy, a host of the Wall Street Unplugged Podcast, where I break down the headlines and

0:24.5

tell you what's really moving these markets.

0:29.3

That an amazing time in Vancouver this past week.

0:35.0

90% business, 10% fun.

0:38.0

You have to have a little fun every trip, right?

0:40.0

It's a little crazy.

0:42.0

One site visit included a 40 minute helicopter ride

0:46.0

with a billionaire over Ice Cap Mountains.

0:49.5

The ice was melting, creating these massive waterfalls, about 6,500 feet up in the air, watching these

0:54.9

waterfalls come down.

0:57.1

And the minerals in the water falls, they hit these big pools of water and they actually

1:00.6

changed the color of the water to turquoise.

1:02.6

It was beautiful sights, some of the best things I ever saw in my life.

1:06.4

To compare it, I would say maybe Hawaii, except you have Ice Cap mountains and bigger waterfalls.

1:12.8

If you take those helicopter rides and Maui and stuff,

1:17.4

unbelievable sites.

1:21.0

It's an alternative energy play, we'll talk about later on in my newsletters.

1:25.0

They sat down, had a one-on-one for about an hour with Rick Rule.

...

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