Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Underweight from Neutral at Atlantic Equities with analyst James Cordwell telling investors that the stock's 50% relative outperformance over the last 12 months has been driven "entirely" by multiple expansion. 2. Freeport McMoRan (FCX) downgraded to Underperform from Neutral at Credit Suisse with analyst Curt Woodworth stating the company "lacks valuation support" given mid-cycle EBITDA and the copper production reset "sharply lower" in 2023. 3. Sysco (SYY) downgraded to Neutral from Overweight at Piper Sandler with analyst Nicole Miller Regan citing Monday's "unanticipated" CEO transition announcement. 4. Take-Two (TTWO) downgraded to Equal Weight from Overweight at Stephens with analyst Jeff Cohen stating that it is not clear that they will have a blockbuster non-sports title within the company's currently announced FY21 release slate. 5. Delphi Technologies (DLPH) downgraded to Hold from Buy at Deutsche Bank with analyst Emmanuel Rosner saying hew worries that industry demand and powertrain mix in Europe could be a large source of uncertainty and production volatility in 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Apple has renewed talks with OpenAI about using the company's technology to power some new features coming to the iPhone later this year, Bloomberg's Mark Gurman reports, citing people familiar with the matter. The two companies have begun discussing terms of a possible agreement and how the OpenAI features would be integrated into Apple's iOS 18, the next iPhone operating system, said the people, who asked not to be identified because the deliberations are private.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here

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