Jim Cramer Warns Apple Is 'Most Vulnerable' Among Magnificent 7 Stocks Ahead Of iPhone 16 Launch
Portfolio Pulse from Benzinga Neuro
Jim Cramer has identified Apple as the 'most vulnerable' among the Magnificent 7 stocks ahead of the iPhone 16 launch, citing concerns about overvaluation and high expectations from its partnership with OpenAI. The upcoming 'Glowtime' event is highly anticipated, but competition and mixed analyst opinions could impact Apple's stock performance.
September 09, 2024 | 7:27 am
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Jim Cramer warns that Apple is the 'most vulnerable' among the Magnificent 7 stocks due to overvaluation concerns and high expectations from its partnership with OpenAI. The iPhone 16 launch is a critical event, but competition and mixed analyst opinions could affect stock performance.
Cramer's warning about Apple's vulnerability is based on concerns of overvaluation and high expectations from its partnership with OpenAI. The iPhone 16 launch is a pivotal event, but competition from Huawei and mixed analyst opinions could negatively impact Apple's stock in the short term.
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