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“We want 5G and we want it now,” Jim Cramer said in a recent interview with TheStreet.
Apple (AAPL) – Get Report is at last expected to reveal its 5G iPhones in a live virtual event at 1 P.M. ET Thursday. Analysts across Wall Street expect four new iPhones to be unveiled.
The move is expected to be one of Apple’s most important product redesigns since the iPhone 6 in 2014, according to Wedbush analyst Dan Ives.
“Importantly, with our estimation that 350 million of 950 million iPhones worldwide are currently in the window of an upgrade opportunity, we believe this will translate into an unprecedented upgrade cycle for [Chief Executive Tim] Cook & Co.,” Ives said.
While Cramer is simply excited for a 5G iPhone, he noted that the reveal needs to be different from other 5G phones that have already been released. “The problem here is
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Stocks rose Monday as investors remained hopeful of further fiscal stimulus and prepared for quarterly earnings reports from the biggest banks in the United States.
Technology shares such as Apple (AAPL) – Get Report, which rose ahead of its expected iPhone 12 unveiling Tuesday, and Amazon (AMZN) – Get Report, which gained ahead of the start of its Prime Day event, were the standouts.
TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about his expectations from Prime Day, why stocks popular on Robinhood matter and what to expect from Apple’s iPhone event tomorrow.
Amazon Prime Day
Amazon’s shopping extravaganza starts at midnight on Oct. 13. The company says that more than a million deals will be offered in 19 countries during the event.
Cramer said he hopes Amazon will have a better product line up for Prime
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Google is rebranding G-Suite to Google Workplace.
“For more than a decade, we’ve been building products to help people transform the way they work,” Google wrote in a blog post on Google Cloud. “Now, work itself is transforming in unprecedented ways. For many of us, work is no longer a physical place we go to, and interactions that used to take place in person are being rapidly digitized. Office workers no longer have impromptu discussions at the coffee machine or while walking to meetings together, and instead have turned their homes into workspaces. Frontline workers, from builders on a construction site to delivery specialists keeping critical supply chains moving, are turning to their phones to help get their jobs done. While doctors treating patients and local government agencies engaging with their communities are accelerating how they can use technology to deliver their services.”
The company explained that its new Google
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Thought I would never say this. But I am going to blurt it out: It’s time to buy the stock of Boeing (BA) .
I know, that seems like taking your life in your hands. But I have been waiting for the head of the Federal Aviation Administration to fly on the 737 MAX and Wednesday he did, and the test looks like a good one. That might set in a chain reaction to get this jet sold.
Goldman Sachs recently put out an excellent piece talking about how the MAX recertification “could be a key catalyst.” It thinks that this test and others from Canada and Europe, which I think will fall in line, are going to be milestones that could lead to a year-end recertification.
There is, indeed, broad skepticism about everything I just said. People want to wait and see. I don’t think you can do that