CNBC's "Fast Money" Best Days Behind Apple?... And A Bitcoin Bond ETF 1/16/25
Jan 16, 2025
Apple faces a significant downturn as its iPhone sales in China see a staggering 17% drop, raising concerns about its future in a challenging market environment. Meanwhile, the introduction of a Bitcoin Bond ETF adds a new twist to crypto investing, offering exposure through corporate debt. The discussion also highlights the impressive rise of semiconductor stocks, driven by the AI boom, and takes a closer look at retail dynamics, particularly the contrasting performances of Target and Walmart. Stay tuned for insights on market volatility and investment strategies.
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Apple's Valuation
- Consider Apple's valuation: It hasn't matched S&P's growth but trades at a premium.
- The high valuation suggests good news is already priced in, potentially limiting future gains.
Passive Investing Risk
- Apple's high valuation and dependence on passive investing make it vulnerable.
- Revenue growth and increasing service business percentage might justify the valuation, but it's a bet.
Apple's Volatility
- Apple is not safer than the S&P 500, despite being considered a defensive stock.
- It's more volatile and expensive, with higher implied volatility than the S&P.