Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Hold from Buy at HSBC with analyst Erwan Rambourg saying it is "too late to sell" Apple shares following the selloff in November, but it is also "too early to buy." 2. Owens-Illinois (OI) downgraded to Underweight from Sector Weight at KeyBanc with analyst Adam Josephson saying the company has struggled to grow volume in recent years and experienced substantial demand declines in the Great Recession. 3. Invesco (IVZ) downgraded to Market Perform from Outperform at Wells Fargo with analyst Christopher Harris saying he sees weakening trends in Invesco's core business along with risks from the pending Oppenheimer acquisition. 4. Intel (INTC) downgraded to Underperform from Market Perform at Northland with analyst Gus Richard citing his view that trade tensions caused companies to pull in demand to beat the expected increase in tariffs. 5. Fastenal (FAST) downgraded to Neutral on valuation at Longbow with analyst Chris Dankert saying shares approached his $63 price target and survey results from his distributor survey indicates lower growth expectations and increased price/cost pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

As previously reported, BofA downgraded O-I Glass to Neutral from Buy with a price target of $16, down from $21. The firm believes demand for glass-packaged alcoholic products could remain sluggish into the second half and scanner data suggests weak trends. The firm contends that it will be difficult for O-I shares to re-rate until growth improves.

Apple plans to spend more than $250M on its regional hub in Singapore, including expanding its campus later in 2024, in an effort to reduce exposure to China and diversify its footprint in Asia, The Wall Street Journal's Amanda Lee reports. The expanded campus will run completely on renewable energy, according to the report. Reference Link

IHG Hotels & Resorts (IHG) launches Apple (AAPL) AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately and securely from their iPhone or iPad to the TV in their guest rooms. AirPlay is available at more than 60 hotels in North America, including properties like InterContinental Buckhead Atlanta, Hotel Indigo NYC Downtown - Wall Street and Holiday Inn & Suites Ottawa Kanata. IHG is the first hospitality company to provide AirPlay functionality as part of its in-room entertainment experience.

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

Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. UPPING PARENTAL CONTROLS: The... 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

Maxim initiated coverage of Apple with a Hold rating and $178 price target.

O-I Glass completed a major transformation of its Zipaquira, Colombia manufacturing site investing approximately $120 Million to upgrade the sustainability, flexibility, and productivity of the plant. This is consistent with O-I's sustainability strategy, the company's ongoing investments into plant upgrades, and aligned with its previously announced capital spending plan. A new furnace has been installed that incorporates well-proven oxy/fuel combustion and waste heat recovery technology. The investments are set to increase O-I's flexibility to serve strategic customers and emerging segments in the food and beverage sector and improve energy efficiency, lowering CO2 emissions by up to 15% per ton produced on the new furnace. In addition to the decarbonization impacts, the new technologies also reduce NOX emissions by up to 50 % compared to a traditional air fuel-fired furnace and allow for higher usage of recycled glass. At the Zipaquira plant, one of the largest O-I plants in Latin America with more than 700 employees, approximately 100 new jobs were created in conjunction with the new furnace along with a larger number of indirect jobs in the region.

Apple will consider making some of its products in Indonesia as the company plans to ramp up investment in Vietnam, Kimberley Kao and Ben Otto of The Wall Street Journal reports. "We talked about the president's desire to see manufacturing in the country, and it's something that we will look at," CEO Tim Cook said at a press conference, according to state news agency Antara. Cook did not offer a timeline for the investment or say what form it could take. Reference Link

The U.K. plans to hold talks this month with Apple (AAPL), Meta (META), Alphabet (GOOGL) and others to push a voluntary charter granting parents more control of social media use by young teens, Bloomberg's Ellen Milligan reports. According to people familiar with the matter, ministers want to launch a consultation later this month to gauge ways of limiting the potential harm to children caused by social media, and the proposed voluntary charter may involve tech firms agreeing to alert parents when their children are repeatedly looking up disturbing content. Reference Link