Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Netflix shares are cratering after it missed Wall Street's target for international subscriber growth.Investingread more
Billionaire hedge fund manager Ray Dalio just picked gold as a prime long-term opportunity. Here's why one market watcher says he could be wrong.Trading Nationread more
Philip Morris International beat second-quarter earnings and revenue estimates while hiking its full-year forecast as its new tobacco products gain momentum.Health and Scienceread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules to ensure that bankers...2020 Electionsread more
Netflix blamed its content slate, regional price increases and a 'pull-forward effect' of its strong Q1 growth for the miss.Technologyread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The pace of companies moving production out of China is accelerating, according to the Nikkei Asian review.Marketsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Apple is the "best play" around 5G, noted tech investor Gene Munster told CNBC on Monday.
Investors just need to be patient. The adoption rate for 5G in the U.S. isn't expected to reach 70% until 2021 or 2022, he said on "Power Lunch. "
"The hype is inevitable to come. The best play around that is, in fact, Apple. They have an iPhone cycle that will benefit from that. Also, augmented reality [and] some of their health-care initiatives, " said Munster, founder of the venture capital firm Loup Ventures.
"The company is exceptionally well-positioned for investors who want to play 5G, but I strongly advise to have some patience around when that lift is going to take off," he added.
There are some who think Apple may be left behind in the race for 5G. Last week, Verizon began rolling out its 5G wireless network. Right now, only the Motorola Z3 supports the network, but Samsung will launch a Galaxy S10 5G model later this quarter that will be exclusive to Verizon to start.
However, in a note to investors last week, UBS analyst Timothy Arcuri wrote that there is "increasing potential that Apple may not be able to ship a 5G iPhone for 2020."
He thinks it would be a near-term headwind. "Our install base and replacement analysis suggests iPhone can ultimately grow over the longer term," Arcuri said.
Munster said anyone who thinks Apple will miss the 5G window has a "misguided view."
"There's two basic views of owning Apple. One is that this is a product cycle company and that you own it … when numbers are negative around the iPhone in anticipation of the numbers turning positive," he said. "5G … will clearly drive that."
The other is the idea of Apple as a service company, a "more sustainable model," he added.
"Both of those narratives should get a lift" from 5G, he said. "That's why I think it's the best-positioned company. I feel strongly that this stock will act positively — hard to predict the quarter when that happens — but over the next two years we should get that lift."
— CNBC's Michael Sheetz and Todd Haselton contributed to this report.