Today's noteworthy initiations include: Apple (AAPL) initiated with a Buy, $160 target at Brean Capital... Arc Logistics (ARCX) initiated with an Accumulate at Global Hunter... CIT Group (CIT) initiated with a Market Perform at Keefe Bruyette... Communications Sales & Leasing (CSAL) initiated with a Buy at Citigroup... GoDaddy (GDDY) initiated with a Buy at Craig-Hallum... Inphi (IPHI) initiated with a Buy at Chardan... JD.com (JD) initiated with an Overweight at JPMorgan... Kornit Digital (KRNT) initiated with an Overweight at Barclays... Momo (MOMO) initiated with a Neutral at JPMorgan... Paramount Gold and Silver (PZG) initiated with a Buy at H.C. Wainwright... Profire Energy (PFIE) initiated with an Outperform at Barrington... Quantum (QTWW) initiated with a Market Perform at Cowen... Stemline (STML) initiated with a Buy at H.C. Wainwright... Trillium Therapeutics (TRIL) initiated with an Outperform at Cowen... UIL Holdings (UIL) initiated with a Buy at Gabelli... Wausau Paper (WPP) initiated with a Buy at Sidoti... Westport (WPRT) initiated with a Market Perform at Cowen.

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link

Welcome to "Fly Insider," The Fly's weekly recap of notable insider stock transactionsNOTABLE INSIDER PURCHASES: Significant insider purchases reported in the prior week from April 15 through April 19 include:Chairman of Ashford (AINC) Montgomery Bennett purchased 200,000 shares of company stock at $4. 91 per share... To see the rest of the story go to thefly.com. See Story Here

Apple quietly acquired Paris-based AI startup Datakalab on December 17, Challenges' David Pargamin reports. The terms of the transaction could not be learned, but European Commission has been notified of the deal, the author notes. Reference Link

Friday's total option volume of 56.7 million contracts resulted in net open interest growth of 6.01 million calls and 5.28 million puts. NVIDIA (NVDA), Tesla (TSLA), Apple (AAPL) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 50k Lyft (LYFT) May-24 20 calls, 44k Energy Transfer (ET) 4/26 weekly 16.5 calls, 43k Las Vegas Sands (LVS) Sep-24 41 calls, 23k Tesla (TSLA) 4/26 weekly 162.5 calls and 21k Papa John's (PZZA) Jun-24 57.5 puts.