Dan Ives Says U.S.-China Tariff Pause Is a "Dream Scenario" for Apple. Is This the Buy Signal Investors Were Waiting For?
The announcement of the 90-day tariff pause with China turned into a boon for tech stocks, as the indexes spiked higher. One of the more notable cheerleaders is Dan Ives, senior equity research analyst at Wedbush Securities. Ives went so far as to call this a "dream scenario" for Apple (NASDAQ: AAPL).But is that truly the case? Nobody questions the market leadership of the iPhone and the iOS ecosystem, and a trade deal with China should bring more certainty to its supply chain.Still, Apple recently lost its market cap lead to Nvidia, which is now just behind Microsoft's $3.35 trillion capitalization. A deeper dive into Apple may call into question its value proposition. Thus, investors need to take a closer look at the stock to know whether it could still be a buy.Continue reading
The announcement of the 90-day tariff pause with China turned into a boon for tech stocks, as the indexes spiked higher. One of the more notable cheerleaders is Dan Ives, senior equity research analyst at Wedbush Securities. Ives went so far as to call this a "dream scenario" for Apple (NASDAQ: AAPL).
But is that truly the case? Nobody questions the market leadership of the iPhone and the iOS ecosystem, and a trade deal with China should bring more certainty to its supply chain.
Still, Apple recently lost its market cap lead to Nvidia, which is now just behind Microsoft's $3.35 trillion capitalization. A deeper dive into Apple may call into question its value proposition. Thus, investors need to take a closer look at the stock to know whether it could still be a buy.
