Apple’s stocks have won profits and upgrades from Jefferies going on holiday weekends, but “fast money” traders haven’t seen fireworks. “The second half of the year for companies like Apple will be a problem,” RiskReversal Advisors principal Dan Nathan said on Wednesday’s show. “They don’t have it yet [artificial intelligence] strategy. This means that products that have not grown in the past three years will not grow again. …Jeffries upgraded Apple to “hold” from “sell” on Tuesday, hiking its price target from $171 to $188 – citing demand cited for tariff jitter. Apple is called the “most favorite” of the “epic 7” stocks. Taxes believe Apple’s multiples are earning more than 15% of Apple’s revenues for the third quarter on July 31st.
