Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Sector Perform at RBC Capital... AOL (AOL) initiated with a Buy at Axiom... Apple (AAPL) initiated with an Outperform at FBR Capital... Applied Optoelectronics (AAOI) initiated with an Outperform at Northland... Carmike Cinemas (CKEC) initiated with an Outperform at RBC Capital... Cinemark (CNK) initiated with an Outperform at RBC Capital... CyberArk (CYBR) initiated with an Outperform at JMP Securities... CytRx (CYTR) initiated with an Outperform at Oppenheimer... GrubHub (GRUB) initiated with a Buy at Sterne Agee... Hortonworks (HDP) initiated with a Neutral at DA Davidson... Intercept (ICPT) initiated with a Buy, $465 target at UBS... Invivo Therapeutics (NVIV) initiated with a Buy at H.C. Wainwright... Kubota (KUB) initiated with a Buy at Jefferies... Lennox (LII) initiated with an Outperform at Baird... Liberty Broadband (LBRDA) initiated with a Buy at Wunderlich... New Relic (NEWR) initiated with a Neutral at DA Davidson... Nimble Storage (NMBL) initiated with an Outperform at BMO Capital... Opower (OPWR) initiated with an Outperform at William Blair... Qlik Technologies (QLIK) initiated with a Buy at DA Davidson... Receptos (RCPT) initiated with a Buy at UBS... Regal Entertainment (RGC) initiated with an Outperform at RBC Capital... Splunk (SPLK) initiated with a Buy at DA Davidson... Summit Materials (SUM) initiated with a Positive at Susquehanna... Tableau (DATA) initiated with a Buy at DA Davidson... Teradata (TDC) initiated with a Neutral at DA Davidson... TravelCenters (TA) initiated with a Buy at Brean Capital... U.S. Silica (SLCA) initiated with a Perform at Oppenheimer... Westmoreland (WLB) initiated with a Buy at BB&T... Yuma Energy (YUMA) initiated with a Buy at MLV & Co.

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - U... 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

Wells Fargo analyst Joseph O'Dea lowered the firm's price target on Lennox to $520 from $545 and keeps an Overweight rating on the shares. A solid Q1 and full year raise still saw Lennox's stock down 2% vs. XLI down 80bps, the firm says. Wells thinks a lighter potential R454B tailwind in 2025 and M&A uncertainty overhang are two reasons. In the firm's view, growth potential remains compelling.

Consensus $19.72. Backs FY24 revenue up 7%, consensus $5.12B. Sees FY24 free cash flow $500M-$600M.

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