RBC Capital analyst Amit Daryanani says that Apple's market cap can exceed $1T, versus its current level of $800B, over the next 12-18 months. The analyst thinks that the company's revenue will increase about 5%-9%, through fiscal 2019, driven by higher prices and unit growth, while its operating margins will rise about one percentage point though cost controls. He predicts that its EPS will increase in the low teen percentage levels as share buybacks continue. Daryanani raised his price target on the stock to $168 from $157 and keeps an Outperform rating on the shares.

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