U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.25%

Evercore ISI on Apple (AAPL): 'we think this supports the thesis of a more gradual uptick in iPhone sales'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "ALL YOU NEED TO KNOW: The iPhone 16 and 16 Pro lineup has been available for pre-order in most geographies since Sep 13 th, and lead times for the Pro/Pro Max models have increased since we last ran the analysis on 9/16, while changes in lead time for 16 and 16 Plus were mixed. All delivery times referenced are for delivery of a... More

AI revolution trade gets mojo with risk on after big Fed cut: Wedbush

Tech bulls Wedbush said in a note Thursday that they believe the AI revolution trade has gained momentum after the Federal Reserve's 50 basis point rate cut, signaling a risk-on environment for Big Tech and AI stocks.

According to Wedbush, this aggressive cut, along with a dovish dot plot into 2025, creates a "very bullish backdrop" for the tech sector.

This marks a significant shift, as many... More

Citi Reiterates Neutral Rating on Avery Dennison (AVY)

Citi analyst Anthony Pettinari reiterated a Neutral rating and $241.00 price target on Avery Dennison (NYSE: AVY).

The analyst comments "AVY shares ticked lower following the companys Investor Day in NY, where mgmt updated long-term targets with modest revisions to underlying components. The... More

Seaport Global Securities Reiterates Neutral Rating on American Express (AXP)

Seaport Global Securities analyst Bill Ryan reiterated a Neutral rating on American Express (NYSE: AXP).

The analyst comments "In August, portfolio growth trends were modestly above expectations while credit quality was in line or slightly better relative to pre-pandemic levels. In the US consumer card loan portfolio, balances increased +12.4% YoY (v. +11.1% in July) to $87.3B which is tracking above the Q3 consensus growth forecast of +10.7%. The delinquency rate held steady MoM at 1.3%,... More

Apple (AAPL) Faces EU Warning To Open Up Iphone Operating System - Bloomberg

Apple Faces EU Warning To Open Up Iphone Operating System - Bloomberg