What Are The Short- And Long-Term Outlooks For Apple Stock?
With
Apple Inc. s (NASDAQ: AAPL) recent underperformance, the panel on CNBC s Fast Money Halftime Report on Friday discussed possible outlooks.
Short-Term Catalyst: Although Apple has traded sideways recently, its Worldwide Developers Conference could be the catalyst that takes the stock higher, Market Rebellion co-founder Pete Najarian told CNBC.
Najarian bought Apple call options this week after seeing a spike in call buying activity.
Apple is scheduled to have its Worldwide Developers Conference on June 7.
Long-Term Outlook: Cerity Partners Jim Lebenthal has a longer-term outlook on Apple.
Apple has grown at a 40% compound annual growth rate over the last five years, Lebenthal told CNBC.