Key Words: Shut adult about Barron’s cover ‘kiss of death’ for Apple, says Josh Brown

“Apple to Hit $1 Trillion in Market Value in 2018,” proclaims a Dec. 23 Barron’s cover.

Some investors sitting on shares of a iPhone maker, that are adult over 51% so distant in 2017, complain that this lead-story distinction means a lick of genocide has been planted on Apple

AAPL, +0.00%

 .

Josh Brown of Ritholtz Wealth Management isn’t shopping a curse. The weekend gibberish “is a useless, rudimentary regard that maybe we shouldn’t rubbish too most time with. Maybe we should only close adult already,” pronounced Brown in his Reformed Broker blog posted Saturday.

But that’s not to contend he’s peaceful to omit tellurian inlet entirely.

‘What we contend about repository covers is some-more demonstrative of what we wish to be loyal than anything else. It’s not a magazine, it’s a f***ing mirror.’


Josh Brown of Ritholtz Wealth Management

Magazine cover stigma, even with a auspicious point to a story, began with jinxed championship proclamations on a front of Sports Illustrated though have stretched to stocks.

Opinion: When bonds accept this ‘kiss of death,’ investors should run for a hills

Memorably, Jeff Bezos was Time Magazine’s Person of a Year in 1999. Amazon.com’s

AMZN, -0.54%

  batch forsaken from a high of $113 in Dec that year to $5.51 in Oct 2001. Of march Amazon sealed on Friday during $1,168.

There are no critical professionals who change their portfolio allocations formed on repository cover indicators, wrote Brown. “People who were already compliant to similar with a grounds of a Barron’s cover story will suffer a acknowledgment it offers,” he said. “Those who were already compliant to have a conflicting opinion will reason it adult as justification that a tide trend has reached a finish of a line.”

As for a Barron’s square itself, a authors contend during $899 billion already, Apple is simply a closest association to a $1 trillion marketplace valuation, and a iPhone X, along with a rising tide of use revenue, looks expected to get it there.

Commentary: How Apple could have prevented a iPhone-slowdown debate

“We don’t consider a rise is near. Apple seems to be evading a product supercycle peaks and troughs to post more-consistent year-to-year growth,” Barron’s wrote. “That could have a durability outcome on a stock’s valuation, formed on what Wall Street pays for other solid growers.”

This entry was posted in Featured Articles and tagged . Bookmark the permalink.