Samsung Halts Sale, Production of Galaxy Note 7
- Shares jump on tech boost; fragile yen on intervention watch
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Dollar recovers from PMI slump, yen closes in on 155 per dollar
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Wall Street closes higher as investors digest earnings, megacap outlook
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Samsung Galaxy Note 7 Halt a Positive for Apple (AAPL) - RBC
October 11, 2016 1:26 PM EDTRBC Capital analyst Amit Daryanani weighed in on Apple (NASDAQ: AAPL) amid news rival Samsung is halting production and sales of its Galaxy Note 7.
"We think the discontinuation of the Samsung Galaxy Note 7 should enable incremental share gain opportunities for the iPhone 7+, which will be a positive for AAPL,... More
Apple (AAPL) 'Doom and Gloom' Fading - Drexel Hamilton
October 11, 2016 10:28 AM EDTDrexel Hamilton analyst Brian White notes the doom and gloom on Apple (NASDAQ: AAPL) is thawing with the help of a fiery Note 7 and iPhone 7. The analyst reiterated a Buy rating and price target of $185
White highlighted:
After a strong iPhone 7 launch in the U.S., healthy data points thus far in China this week, a stronger than seasonal 3Q:16 for our Apple Monitor and the Note 7 fiasco at Samsung, the doom and gloom around Apple is starting to thaw.Apple remains our top pick for H2:2016 given... MoreApple (AAPL) Poised to Open Higher as Samsung 'Scraps' Galaxy Note 7 Smartphone
October 11, 2016 8:48 AM EDTApple (NASDAQ: AAPL) was poised to open higher by 1.7% Tuesday morning following reports that Samsung Electronics "scrapped" its flagship Galaxy Note 7 smartphone.
... More