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CNBC's "Fast Money"

The $2.7 Trillion Question About Apple

CNBC's "Fast Money"

CNBC

Business, Investing, News

3.91.3K Ratings

🗓️ 3 March 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of the biggest company in the world were unable to hold onto early gains, but the stock is still up for the week, far outpacing the broader market. But at about 26x forward earnings, is Apple overvalued? We lay out the arguments. Plus commodities on pace for their best week since the 1960s! And BK’s got one chart in the space he says might be the one we should be watching. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Blacks in the Nasdaq Marketside overlook the New York City's Times Square.

0:04.6

This is Fast Money. I'm Alyssa Lee.

0:06.4

Tonight's Trader lineup, Guy Adami has made it back into the house.

0:10.1

Tim Seymour, Dan Nathan, and Brian Kelly.

0:12.0

Tonight on Fast is crew touches its highest level since the financial crisis.

0:15.7

The traders are sounding the alarm on the ripple effects.

0:18.2

Plus, we are tracking the after-hours action and shares a gap in Broadcom.

0:21.2

Both stop to rallying right now and earnings will bring the very latest from the quarters.

0:24.7

And later, Rivians reversal the EV maker make a huge U-turn

0:28.8

on three orders and pricing.

0:30.4

Is that why investors are slamming the brakes on this one today?

0:33.4

We start off with Apple.

0:34.5

The stock holding strong despite all the market volatility.

0:37.2

Apple is up 2% in just the last week while the Nasdaq 100 is flat.

0:41.2

But taking a look under the hood,

0:43.4

is there something going on with Apple's valuation.

0:45.4

Apple's forward PE about 27 compared to 19 for the S&P 500.

0:49.9

Apple's revenue growth for the year is 8% versus 7.2% for this S&P.

0:55.2

So tonight, we ask, why does Apple continue to trade at a premium?

0:59.1

Does it deserve it?

1:00.6

Is it a flight to safety?

1:02.6

Is there a come-up ins coming for Apple?

...

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