Jim and Jeff discuss Apple's big tech event. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
Squawk on the Street
Cramer's Morning Take: Apple 6/7/24
Jim and Jeff discuss Apple's big tech event. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer
- Duration:
- 4m
- Broadcast on:
- 07 Jun 2024
- Audio Format:
- mp3
Building a portfolio with Fidelity Basket Profolios is kinda like making a sandwich. It's as simple as picking your stocks and ETFs, sort of like your meats and other topics, and managing it as one big, juicy investment. That's pretty good. Learn more at Fidelity.com/baskets. Investing involves risks including risk of loss, Fidelity Brokers Services, LLC, Member NYSC SIPC. I'm Jim Kramer, and you're about to hear a sample taken directly from today's CMC Investing Club Morning Meeting. Other events happening Monday. You also have the Nvidia stock split, 10 for 1. I know yesterday the stock was lower on some antitrust concerns. Now, that was a canard. Okay, a lot of people were selling data. They were selling, eating, averted. That whole data infrastructure build-up play, eating, averted. That wasn't believed that just farming is slowing down. That was a total misread. The just apartment is trying to figure out what Nvidia is doing to stop in frustrating competition. And the answer is nothing. It's not a nothing burger. They can spend a lot of money and time and waste Jensen's time. But that's all it is. Wasting Jensen's. And Apple's worldwide developer's conference. Now how about that? A lot of anticipation into the event. I want people to understand that Apple is not what you're going to hear are what people are doing to write code and develop companies that use Apple products. Hence why they typically sell off after this. So I do not encourage, you know, own Apple, don't trade it. I do not encourage buying Apple today ahead of this conference. Yeah, it's interesting because Bernstein, Tony Sakanege, he pulled some data around how Apple historically trades around WWDC. It's usually a non event if you look from 2014 to 2023 on average. It actually was down 0.1% after in the days after event. It's been a little bit better. But there is some more anticipation this time. People wondering about a revamped Siri partnership with chat GBT will new functionality be backwards compatible to new phones because if it's not, that's going to entice a lot of people to upgrade. So a lot of a lot of debates heading into the meeting. But that could be two weeks. You may not get the answers you want. You might get people saying, "Oh, that could be and that could not be." We do need to see very badly. If people are not writing for the Vision Pro, then I'm wrong. The Vision Pro is going to be not important. And that's it. Yes, sir. Start your day with my outlook on the daily market every morning at 10.20am. Visit cmsc.com/morningtake to access all the benefits of being a CNBC investing club member. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal or their parent company or affiliates. And may have been previously disseminated by Kramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cmsc.com/investingclubdisclaimer. What's on the horizon for financial markets? At PJIM, it's a question that over 1,400 investment professionals relentlessly research in pursuit of your long-term goals. Specialized across asset classes but united in collaboration. Our teams provide global and local expertise. Our investments shape tomorrow, today. Pursue your tomorrow with PJIM, a leading global asset manager. (upbeat music)