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Walser Wealth Management CEO breaks down how to play Apple and other tech names

Walser Wealth Management CEO breaks down how to play Apple and other tech names

CNBC04-06-2025
Rebecca Walser, CEO of Walser Wealth Management, joined CNBC's "Power Lunch" on Wednesday to discuss Apple following a notable downgrade, as well as Netflix and Snowflake . Here's what she had to say about each technology name during the " Three-Stock Lunch " segment. Apple Walser said she agreed with Needham analyst Laura Martin, who downgraded shares of the personal technology giant to hold from buy on Wednesday. Martin said the company is facing relatively high valuation and growth competition. Walser said concerns over President Donald Trump's tariffs have weighed on the iPhone maker, with investors wondering what's next following the expiration of many of the president's delayed levies on July 9. Apple is known for its high proportion of international manufacturing. "It's not really Apple's fault," Walser said. "It's all the tariff talk and all the fact that, they have very heavily relied on supply chains to be in Asia." "This is a direct trade war between the United States and China, and it expires July 9," she added. "It's really concerning to us that we haven't seen headway." Despite the Needham downgrade, most analysts have a buy rating, according to LSEG. The average price target implies shares can rally more than 13% over the next year. That would mark a turn for Apple shares, which have fallen about 19% in 2025. Netflix Walser called Netflix "very expensive." The stock climbed to a 52-week high in Wednesday's session and has soared nearly 40% in 2025. "I would say right now, we are going to be a hold on this, potentially even a sell if we don't see that … subscriber growth and see the actual growth that they're projecting in the next quarter," Walser said. Netflix stopped reporting its quarterly subscriber figures in the first quarter of 2025, and Walser said she is concerned that she doesn't see the data going into those counts. The majority of analysts have a buy rating on the stock, according to LSEG. However, the typical price target suggests shares can slide more than 6% over the next year. Snowflake Walser also deemed data storage play Snowflake an expensive stock and said it could be a risk if the multi-year data investment cycle doesn't pan out as hoped for. Shares also hit a 52-week high on Wednesday and are now up 35% on the year. SNOW NFLX YTD mountain Snowflake and Netflix in 2025 "It's an expensive stock," she said. "And if that deal doesn't materialize, or it doesn't materialize to the extent necessary, then there is going to be a pullback, and you're going to have some unhappy people." Most analysts surveyed by LSEG have a buy rating on the stock. The average analyst foresees more than 6% in upside.
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Boston Globe

time19 minutes ago

  • Boston Globe

Microsoft reviewing Israeli military's use of its tech amid worker protests

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Scrolling instead of working? YouTuber Hank Green's new app wants to help
Scrolling instead of working? YouTuber Hank Green's new app wants to help

NBC News

time20 minutes ago

  • NBC News

Scrolling instead of working? YouTuber Hank Green's new app wants to help

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Google, sorry, but that Pixel event was a cringefest
Google, sorry, but that Pixel event was a cringefest

Yahoo

time28 minutes ago

  • Yahoo

Google, sorry, but that Pixel event was a cringefest

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Trying to shift his goofy late-night persona to a corporate event, he ended up coming across as deeply uninterested in the technology, necessitating an over-the-top display of decidedly less-than-genuine enthusiasm. 'This is exciting. It's like a Taylor Swift album announcement for nerds,' he began, insulting the broad audience of people who would, in fact, tune in with interest to learn about the latest in smartphone and AI advances. Attempting to be a stand-in for the 'mainstream consumer,' whoever Google's marketers believe that to be, Fallon interjected with banal questions, like what's the meaning of 'agentic' or why is everyone talking about AI in smartphones, or what's a 'walled garden?' These high-level questions led only to basic explanations from Google's execs, like Rick Osterloh, Google's senior vice president, Platforms & Devices — a job that Fallon joked sounded 'made up.' 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'This first person says, 'whenever I'm using a phone without Circle to Search, I feel like I'm in the Stone Age,' said Fallon. (C'mon, Google, no one said that. Ever. And certainly not a Redditor.) Later, Fallon embraced Google Vice President of Marketing Adrienne Lofton like a BFF and feigned excitement over a table covered with smartphones, watches, and earbuds. (Osterloh had meanwhile gone for the handshake-quick-back-pat combo.) Lofton, looking hip in a denim-tuxedo jacket, couldn't make the marketing speak feel that casual, though. Instead, it suddenly felt like we were watching one of those old home-shopping TV channels, like QVC or HSN, where salespeople gush about whatever product is in front of them and you can see sales numbers increase with every compliment. Lofton: 'We're taking the world's best smartphone, and we're upping our own game with the 10. It's powerful, it's fast, and feel the satin finish on the edges and the camera bar.' Fallon: 'Ooh, silky!' Lofton: 'See what I'm saying? The design of the aesthetic is unbelievable, and it's a Pixel. So the camera is unbelievable. And the colors, we think — look at this palette. We think these colors are sexy as hell.' Fallon: 'Well, hold it. It's Wednesday afternoon. Let's keep it PG.' The cringe. The absolute cringe. Later in the event, other stars popped in for their moments, both live and pre-recorded. The Jonas Brothers made a music video with a Pixel phone, which played at the event's end. Only a few of the celeb interactions felt natural. Cooper came across as herself, much like in her own interviews. The chat with photographer Andre D. Wagner was also a brief moment of authenticity, as he talked about his art and technique. It's understandable that Google would want to differentiate itself from the Apple event format to draw attention to its own hardware and software advances. But who are tech announcements for if not for the people who care about tech? If Google is trying to reach the mainstream tech enthusiast, it doesn't need to do something like this. It just has to get its phones in the hands of creators who people actually watch, like Marques Brownlee. (Which, thankfully, it did, too.) We're always looking to evolve, and by providing some insight into your perspective and feedback into TechCrunch and our coverage and events, you can help us! Fill out this survey to let us know how we're doing and get the chance to win a prize in return!

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