Forget Amazon Prime Day for a second. Remember Apple?
While shares of Apple have lagged over the past sessions, Wall Street must remember how lucrative the company’s services business could become within 10 years. RBC analyst Amit Daryanani estimates the business will represent 30% of Apple’s sales by 2025.
Meanwhile, all eyes on Netflix earnings after the close Monday. If results disappoint, the market could tank. Amazon Prime Day could help push shares of Amazon beyond the $1 trillion valuation mark. Bank of America BAC second quarter earnings were solid by and large.
Apple and Amazon are key holdings in Jim Cramer’s Action Alerts PLUS. Here’s why.
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