Cowen Reiterates Outperform Rating and $155 PT on Apple (AAPL) Ahead of FQ2 Report; 'Better iPhone ASP on Continued Strong Shift Toward 7+'
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Apple (AAPL) PT Raised to $130 at Deutsche Bank Following 2Q
May 3, 2017 10:20 AM EDTDeutsche Bank raised its price target on Apple (NASDAQ: AAPL) to $130.00 (from $125.00) while maintaining a Hold rating.... More
BMO Capital Reiterates Outperform on Apple (AAPL) Following Mixed 2Q
May 3, 2017 7:54 AM EDTBMO Capital reiterated an Outperform rating and $160.00 price target on Apple (NASDAQ: AAPL) following the company's 2Q earnings report. Apple reported mixed results for both headline and underlying numbers. Revenue and EPS were $52.9 billion and $2.10, compared with the consensus estimates for $53.0 billion and... More
Bullish Options Trade Targets ~5% Upside in Apple (AAPL) Ahead of Earnings Announcement AMC -Susquehanna
May 2, 2017 1:57 PM EDTSusquehanna options strategists Alison Edwards notes bullish options activity in Apple (NASDAQ: AAPL) ahead of the company's earnings announcement after the close, as an opening investor bought ~21,000 May 155 Calls, potentially target 5% more upside in the shares by mid-May.
... MoreDrexel Hamilton Reiterates Buy Rating and $185 PT on Apple (AAPL) Ahead of F2Q Report; 'Seasonal Doldrums but Capital, Valuation & iPhone 8 to Support'
May 1, 2017 10:38 AM EDTDrexel Hamilton reiterates Buy rating and $185 price target on Apple (NASDAQ: AAPL) ahead of the company's 2017 fiscal second quarter result.
Analyst Brian White suggests the company remains underappreciated by the market, offering sales expectations of $53.6B during a seasonally light March period-end, as... More
Qualcomm (QCOM) Says Apple (AAPL) Continues to Improperly Interfere with Agreements with Contract Manufacturers
May 1, 2017 6:00 AM EDTQualcomm Incorporated (NASDAQ: QCOM) today announced that it has been informed by Apple Inc. (NASDAQ: AAPL) that Apple is withholding payments to its contract manufacturers for the royalties those contract manufacturers owe under their licenses with Qualcomm for sales... More
Options expected to have increasing volume
May 1, 2017 5:18 AM EDTOptions expected to have increasing volume: AAPL CVS FB TWTR FIT UPS MDLZ
... MoreQualcomm (QCOM) PT Lowered to $55 at RBC Capital
April 30, 2017 2:49 PM EDTRBC Capital lowered its price target on Qualcomm (NASDAQ: QCOM) to $55.00 (from $60.00) while maintaining a Sector Perform rating.
Analyst Amit Daryanani comments in a weekend note to clients that Apple (NASDAQ: AAPL) will... More
Apple, Tesla ask California to change proposed self-driving car test policy
April 28, 2017 2:06 PM EDTBy David Shepardson
(Reuters) - Apple Inc (NASDAQ: AAPL) urged California to toughen up its proposed policy on testing self-driving cars, a move that would result in more public data that could help Apple catch up to rivals in the self-driving space by giving it a better window into their strengths and weaknesses.
In a letter made public on Friday, Apple suggested a series of changes to the draft policy that is under development and said it looks forward to working with California and others "so that rapid technology development may... More
Apple (AAPL) asks California to make changes in its proposed self-driving car testing policies - Reuters, citing company letter
April 28, 2017 2:01 PM EDTApple (NASDAQ: AAPL) asks California to make changes in its proposed self-driving car testing policies - Reuters, citing company letter.
... MoreFoxconn plans U.S. investment, plans not finalized: Chairman Gou
April 28, 2017 12:41 PM EDTWASHINGTON (Reuters) - Foxconn, the world's largest contract electronic manufacturer and a major Apple Inc (NASDAQ: AAPL) supplier, is planning an investment in the United States but has not finalized its plans, said Chairman Terry Gou as he exited the White House on Friday.
... MoreQualcomm (QCOM) Lowers Guidance, Says Apple Continues to Improperly Interfere with Agreements
April 28, 2017 7:34 AM EDTQualcomm Incorporated (NASDAQ: QCOM) today announced that it has been informed by Apple Inc. that Apple is withholding payments to its contract manufacturers for the royalties those contract manufacturers owe under their licenses with Qualcomm for sales during the quarter ended March 31, 2017. Apple has indicated it will continue this behavior until its dispute with Qualcomm is resolved.
"Apple is improperly interfering with Qualcomm's long-standing agreements with Qualcomm's licensees," said Don Rosenberg, executive vice president and general counsel of Qualcomm. "These license agreements remain valid and enforceable. While Apple has acknowledged that... More
Apple (AAPL) call put ratio open interest 1.25 calls to 1 put into Q2 EPS and outlook
April 28, 2017 6:31 AM EDTApple (AAPL) call put ratio open interest 1.25 calls to 1 put into Q2 EPS and outlook on May 2. Average open interest call put ratio is 1.24 calls to 1 put.
... More
Apple (AAPL) volatility increases as shares near record high into Q2 EPS and outlook
April 28, 2017 6:23 AM EDTApple (NASDAQ: AAPL) May weekly call option implied volatility is at 32, May is at 22, June is a 19; compared to its 52-week range of 13 to 29 into Q2.
... MoreFoxconn plans 'capital-intensive' U.S. investment-Chairman Gou
April 28, 2017 12:59 AM EDTBy Ayesha Rascoe and J.R. Wu
WASHINGTON/TAIPEI (Reuters) - Foxconn , the world's largest contract electronics manufacturer and a major Apple Inc (NASDAQ: AAPL) supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday.
Formally known as Hon Hai Precision Industry Co, Foxconn operates large manufacturing facilities in China, which is a base for its assembly of Apple's iPhones. The Taiwan-based company has been eyeing U.S. investments for some time.
President Donald Trump has made... More
Amazon revenue soars as cloud, retail businesses dominate
April 27, 2017 4:06 PM EDTBy Jeffrey Dastin and Anya George Tharakan
(Reuters) - Amazon.com Inc's (NASDAQ: AMZN) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading.
The world's largest online retailer said on Thursday net sales rose 23 percent to $35.7 billion, just beating analysts' average estimate of $35.3 billion, according to Thomson Reuters I/B/E/S.
More fees from Amazon's Prime shopping club and media streaming services, along with growing advertising revenue, also boosted results.
... MoreManufacturers, Wall Street getting Trump's ear in first 100 days
April 27, 2017 12:29 PM EDTBy Jason Lange
WASHINGTON (Reuters) - Manufacturers and Wall Street have led the quest for business access to President Donald Trump in his first 100 days in office, with media companies and Silicon Valley seldom entering the presidential bubble, a Reuters review found.
Since inauguration day on Jan. 20, top executives from at least 186 companies have visited with Trump or senior advisers at the White House or on presidential trips, including those to Mar-a-Lago, the private, seaside Florida club where he spends many weekends.
Some of the meetings have been reported in the press. But Reuters analyzed more... More
Apple in talks to launch money-transfer service: Recode
April 27, 2017 11:17 AM EDT(Reuters) - Apple Inc (NASDAQ: AAPL) has held talks with payments industry partners about launching a money-transfer service, technology news website Recode reported on Thursday.
The service will allow iPhone owners to transfer money digitally to other iPhone users, Recode reported, citing sources familiar with the talks.... More
PayPal (PYPL) Ticks Lower on Apple Headlines
April 27, 2017 10:20 AM EDTPayPal (NASDAQ: PYPL) ticks off highs on headlines Apple (NASDAQ: AAPL) is in talks to launch Venmo competitor, which PYPL owns.
... MoreApple (AAPL) said to be in talks to launch Venmo competitor - ReCode
April 27, 2017 10:19 AM EDTApple (NASDAQ: AAPL) said to be in talks to launch Venmo competitor - ReCode
... More