Apple Stock Predictions: Earlier today, we brought you analysis of a CNBC Video discussing the current state of Apple Inc. (NASDAQ:AAPL) shares with Daniel Ernst, an analyst with Hudson Square Research.
With so much going on with Apple right now, new information and opinions are being published on a regular basis.
This time around, CNBC has released another video. In this one, we get to hear the opinion of Paul Schatz, President and CIO of Heritage Capital.
The host starts out by talking about the recent decline in Apple shares, prompting Schatz to explain to the audience his take on what is going on:
“This is not new as I woke up today. To me, every bull market in history, you can go back to the dotcom bubble and you can go back to the 1920’s, every bull market has a story stock or a few story stocks. They become ingrained in our investing fiber, they can do no wrong, and everybody must own them. Apple became the story stock of the post-financial crisis bull market. When Apple peaks, it’s not just Apple. This is what happened with Google in ’07 when it went down 66% and Yahoo and GE with the dotcom bubble bursting, and on and on…”
With all this in mind, you may be asking yourself one question: what does Schatz see for the future of Apple Inc. (NASDAQ:AAPL) shares? While everybody has their own opinion on what the next few months have in store for the tech giant, here is what Schatz foresees happening:
“Whenever the next bear market comes, which I think probably begins sometime later this year, Apple is going to get taken apart. It started a little earlier because we’re frankly I think we’re still in a bull market.”
At this point, the host jumped in to ask Schatz for clarification on how we get to a decline of 50 to 80 percent from its high: