Market Overview

Creative Global's Carlo Besenius Remains An Apple Bear

Share:
Related AAPL
Bank Of America: Apple Could Spearhead Domestic Production Push
Bank Of America Turns Bearish On Best Buy, Says Retailer Could Miss Q4 Comp Estimate
Apple's Secret Weapon (Seeking Alpha)

Carlo Besenius of Creative Global is a notable Apple (NASDAQ: AAPL) bear who released some bearish comments ahead of Wednesday's second quarter earnings, and remains an Apple bear post-earnings.

Besenius is “fundamentally sticking with the original views, namely that Apple's product innovation had reached its zenith at the original “sell” recommendation time period, October 2012, and implicitly a bit further down in the time line, the inherent pricing power will succumb too.”

Over the next three to four months, “the onerous will be on AAPL's management to demonstrate more skills than financial engineering, and deliver once again product innovation at a price proposition that makes sense for old customers to return,” said the analyst.

Besenius plans to reiterate his bearish stance on Apple as long as the stock "does not move significantly above $580….as this will confirm that today's market buyers are not long term convinced buyers, but rather momentum ‘piggy backers.'"

Shares of Apple are up over eight percent to $568.91. The stock opened at $568.21, quickly traded down to $560.70, and are is currently in a tight range.

Latest Ratings for AAPL

DateFirmActionFromTo
Dec 2018DA DavidsonReiteratesBuyBuy
Dec 2018CitigroupMaintainsBuyBuy
Dec 2018Morgan StanleyMaintainsOverweightOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Carlo Besenius Creative GlobalAnalyst Color Analyst Ratings Movers Tech

 

Related Articles (AAPL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DESPKeyBancInitiates Coverage On0.0
MELIKeyBancInitiates Coverage On0.0
ALBKeyBancMaintains120.0
AVNSKeyBancMaintains67.0
ABTCredit SuisseInitiates Coverage On82.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Coffee Won't Keep Dunkin' Shareholders Warm: Shares Dip Following Disappointing Results

IBM, Flint River Partnership Announce Collaboration to Enhance Agriculture Efficiency by 20%