Apple (AAPL) PT Raised to $177 at Morgan Stanley; Retention Rate Rise into Supercycle
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Wells Fargo Maintains Market Perform Rating and $140 PT on Apple (AAPL) on Potential Impact from Qualcomm's (QCOM) Litigation Against Contract Manfacturers
May 17, 2017 11:51 AM EDTWells Fargo maintains Market Perform rating and $140 price target on Apple (NASDAQ: AAPL) following announcement that Qualcomm (NASDAQ: QCOM) filed a complaint against Foxconn, Pegatron, Wistron, and Compal four manufacturers of Apples iPhones and iPads for breaching its... More
Qualcomm (QCOM) Confirms Filling of Breach of Contract Complaint Against Apple's (AAPL) Manufactures for Non-Payment of Royalties
May 17, 2017 7:35 AM EDTQualcomm Incorporated (NASDAQ: QCOM) today filed a complaint in the United States District Court for the Southern District of California against FIH Mobile Ltd. and Hon Hai Precision Industry Co., Ltd., (together known as Foxconn), Pegatron Corporation, Wistron Corporation, and Compal Electronics, Inc., the four manufacturers of all Apple iPhones and iPads sold worldwide, for breaching their license agreements and other commitments with Qualcomm and refusing to pay for use of Qualcomm's licensed technologies. Qualcomm seeks an order that would require the defendants to comply with... More
Apple (AAPL) Assembles First iPhones in India - WSJ
May 17, 2017 7:04 AM EDTWall Street Journal reporters Rajesh Roy, Newly Purnell and Tripp Mickle note that Apple (NASDAQ: AAPL) has completed production of it's first iPhone in India, as the company looks to enter the fast-growing market.
... MoreApple (AAPL) PT Raised to $170 at BMO Capital; Sees Room for Continued Multiple Expansion
May 16, 2017 6:15 PM EDTBMO Capital analyst Tim Long raised his price target on Apple (NASDAQ: AAPL) to $170.00 (from $160.00) while maintaining an Outperform rating.
Long said while the stock has closed the valuation gap with the market, they believe there is a historical precedent for... More