Name: 'Fast Money' traders talk weakness in Apple
Uploaded: 2026-01-08T22:46:33+00:00
Duration: 314 s

Speakers

Katie Stockton — Founder, Fairlead Strategies

Steve — Trader, Fast Money

Karen Finerman — CEO, Metropolitan Capital Advisors; Fast Money trader

Jim — Trader, Fast Money

Guy — Trader, Fast Money

Summary

Fast Money panelists debated Apple's recent weakness and whether it is an intermediate-term momentum shift or a buying opportunity. Katie Stockton presented a bearish technical setup with downside support near 243, while Steve defended Apple's AI positioning and install base. Panelists also compared AI-related charts and discussed valuation, services margins, and passive flows.

Apple underperformed peers over the past year and fell more than 5% recently.
Katie Stockton sees an intermediate-term momentum shift and next support near 243.
She says Apple's long-term trend remains intact but new buyers should wait for lower support.
Steve argues Apple's late AI entry is a tailwind and he would stay in the name.
Steve also says Meta and Microsoft charts look weak, while Google and Nvidia charts look strongest.
Jim agrees with Katie's 243 level but notes passive ETF ownership may limit downside.
Panelists discuss Apple valuation, services margin mix, and rotation out of tech into cyclicals.
The panel remains split on Apple's near-term direction.

Ideas

Katie Stockton Founder, Fairlead Strategies 0:18

Apple intermediate-term bearish; wait lower support

Apple has shifted to an intermediate-term momentum sell signal: the weekly MACD flipped negative, price broke the 50-day moving average and cloud support, and the next support is around 243, about 6-7% below current levels. She expects the correction to deepen, and while the long-term trend remains intact, anyone looking to add should wait for lower support discovery.

Katie Stockton Founder, Fairlead Strategies 1:21

Fairlead issued recent Palantir short recommendation

She notes Fairlead recently issued a short recommendation on Palantir, which she says generated some controversy; she mentions it as an example of their willingness to short but gives no further detail on the thesis in this clip.

Steve Trader, Fast Money 2:28

Stay in Apple; late AI is tailwind

Steve views Apple's late AI entry as a tailwind rather than headwind because it avoided wasted AI capex. He points to Apple's 2.35 billion install base, cloud/recurring revenue, and large cash balance, and says he would stay in the name and see how it reacts.

Steve Trader, Fast Money 2:37

Meta and Microsoft charts not bullish

Within the AI space, Steve says Meta's and Microsoft's charts do not look very bullish to him, making them less attractive than other AI names.

Steve Trader, Fast Money 2:45

Google and Nvidia have best AI charts

Steve says Google and Nvidia have the best charts in the AI space, favoring them on relative technical strength.

Karen Finerman CEO, Metropolitan Capital Advisors; Fast Money trader 3:43

Apple not bearish; services margin story

Karen calls Apple's valuation a real pushback, noting the low-30s multiple for a bond-like compounder, but she highlights the services mix shift from 23% to approaching 29% as the real margin story and points to roughly $100 billion in annual free cash flow. She says people likely do not want to get too far away from the name, making it more of a weak setup than a bearish one.

'Fast Money' traders talk weakness in Apple

Summary

Ideas

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