Brean Capital analyst Ananda Baruah raised his price target for shares of Apple to $170 following the iPhone maker's Q2 results. Baruah initiated Apple yesterday with a Buy rating and $160 price target. He continues to believe that consensus estimates are "materially low" through 2017. The analyst thinks Apple will continue to return “material capital” to shareholders over the next few years, providing a floor for shares. The company last night announced a 50% increase in its capital return program to $200B. Baruah keeps a Buy rating on Apple. The stock is trading up $2.14 to $134.79 in pre-market trading.

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

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