Call of the Day: is Apple 'dead money'?

How about this, Weiss? Today we we made it our call the day because you’ve got Maxim Group out today. They initiate hold 178 is the price target and they ask the question essentially is Apple dead money? We’re monitoring a list of items that could also contribute to a prolonged dead money period for the stock. They say including antitrust regulation a demand imbalance for consumer electronics and competition. You want to size up that call and that idea I I think it’s appropriate and I’d say dead money at best. They have not you know they have not excited the market with any earnings report. I can’t remember when #1 #2 I I struggle to think of what impact AI will have on them. Sure you they’re, you know with Google they’ll use a is Google Gemini and that’s really it. I mean what’s Siri going to do you know so it’s all going to be based on somebody else’s technology because Apple is an asset light company and they under spend their R&D as a percentage of earnings versus almost any other tech company. So it’s still major dollars because you know they they generate so much revenue, but they’re expensive and we haven’t seen any meaningful upgrades since. Even at the iPhone 10 that was supposed to be the Seminole upgrade event. There was nothing there. I don’t know if there’s an appetite for having a camera that zooms in more. So look, so I think AI they have to talk about, they have to have an answer for the competition. I just don’t see what it is. So yeah, so I think it’s an expensive stock for a no growth company. Brandon, you want to take the other side of that? Yeah, Yeah. I mean, I own Apple. I think where the analysts got it a bit wrong if he really it’s a real bugaboo of his that they have one product basically the iPhone. I would take the other side of that. There’s one point what 2 billion active iPhones and I think that what they are going to do, I actually think Siri could be a Trojan horse here. They think that they’re going to come out with a product that probably has 100% customer satisfaction. No one’s going to an Android. This the refresh cycle is just slowing. And so I do think I agree with Steve. It could be dead money for a couple quarters. The chart looks terrible. It’s making lower, it’s making lower highs. But I do think over the next couple quarters could be a really nice spot to enter the name because I know they are going to have a really great product that we all use that make our lives easier. And there’s 1.2 billion people that will instantly adopt that. And those who’ve written this stock off Joe, over periods of time have been proven wrong to say the least. Yes, they sure they they sure have and you know it speaks towards Jim Cramer’s mantra of own it, don’t trade it. This is a company with a tremendous balance sheet. They know how to use that balance sheet. But you can’t deny that clearly this stock is underperforming relative to its peers. Well, sure the stocks traded like it’s broken. Yes, they need to get out of the schneid of these, you know the the, to weiss’s point, the quarterly earnings reports and the revenue growth were lack thereof that has weighed on the stock and they’re also, you know we’re going to have to wait until mid June we think for WWDC. So it’s paid a price for being allegedly late to the whole AI announcement game, but we’ll see what they deliver.