TechnologyThe Street•11 hours agoApple Doesn't Deserve to Be Worth $1 Trillion, It Is Just an iPhone Company
"Apple (AAPL) is still an iPhone company," says one of the more bearish Apple analysts on Wall Street. It's hard to argue with what Pacific Crest analyst Andy Hargreaves penned in the wake of WWDC. Apple's new HomePad is kind of sexy to look at, as TheStreet's tech team points out. But, is it game-changing? Not exactly. The darn thing needed to have a screen at the very least like the one from Amazon (AMZN) . The Apple Watch is still the Apple Watch -- a product with so many holes in it. If anything, the coolest thing Apple divulged at WWDC was its iOs updates. Apple shares closed up slightly at $154.45. All of which brings investors to this point in time. Should Apple not dazzle with its iPhone
BusinessThe Street•11 hours ago'If You View Tesla as a Short, You're Going to Get Run Over,' Says Jim Cramer
It's not too hard to understand why the stock market just flat out loves Tesla (TSLA) . "If you view it as a technology company, it's going to go higher. If you view it as a short, you're going to get run over," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. He added that while people hate Tesla's financials, they love its cars and want to own the stock. Most others on Wall Street agree. Sales expectations for the upcoming Model 3 are too low given likely high consumer interest, Pacific Crest analyst Brad Erickson said in a recent note. "If the car is perceived as awesome, already low second half 2017 buy-side expectations will actually fall. Under this scenario,
BusinessThe Street•5 hours agoSears Is Going Down the Drain In Front of All Our Faces, But Tesla Sure Isn't
Pay careful attention folks: Sears Holdings (SHLD) is indicating to us all that it may have a very tragic ending at some point this year. The dying department store chain is reportedly closing another 66 stores in a bid to cut costs and try to stay in business a little longer. In short, the company is signaling that its efforts to preserve cash aren't enough. And best believe that Sears needs cash, and incredibly fast, as TheStreet has reported at length recently. "Sears' declining cash balance heightens its need to continue to source $2 billion of liquidity annually," David Silverman, Senior Director, U.S. Corporates at Fitch Ratings tells TheStreet. "The company's ability to continue to
