Citi analyst Jim Suva raised his price target for Apple to $220 from $170 and reiterates a Buy rating on the shares. The stock closed yesterday up $1.63 to $188.16. The analyst remains positive on Apple shares "despite dour sell side sentiment." He expects Apple to raise its dividend in April and increase its buyback authorization by another $100B while generating an estimated $60B-$65B of free cash flow each year. From a holdings perspective, Apple shares are no longer in the S&P 500 Growth Index Funds and have completely transitioned to being represented in the Value Index Fund, Suva tells investors in a research note. He believes "many growth investors" have a negative view on the shares with short interest as a percentage of free float the highest it has ever been over the past two years.

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