Inside Apple's Big Guidance Cut and What They Can Do
Apple AAPL CEO Tim Cook pre-announced a cut to guidance for the upcoming earnings causing shares to plummet clse to 10% since the market closed on Wednesday.
TheStreet's Eric Jhonsa and Action Alerts Plus analyst Zev Fima analyze the reasons for the tech giant's surprise pre-announcement and consider the near- and long-term outlook for its stock.
Fima believes there are still things to like about Apple in the long term, "I think health care is one area that Tim Cook has expressed a lot of interest in.
That also plays to the wearables market." In addition to healthcare, Fima believes that Project Titan, the autonomous vehicle play, and the rumored AR/VR headset give Apple a strong long-term outlook, despite the sell off.
For more analysis listen to the full podcast below.
Also be sure to check out what Jim Cramer says to do when a company pre-announces a short fall.
Subscribe to our Youtube Channel for more videos ' Listen our latest Podcasts on Soundcloud Apple is a holding in Jim Cramer's Action Alerts PLUS member club.
Want in-depth coverage and to be alerted before Jim Cramer buys or sells AAPL?
Learn more now.