Piper Jaffray analyst Peter Keith says that while Apple's (AAPL) negative preannouncement for December quarter revenue would appear at first glance to be negative for Best Buy (BBY), he believes the overall read-through to the retailer looks neutral. While iPhone revenues in the U.S. appear to be flat or down, non-iPhone revenues, which represent a greater percentage of Apple sales at Best Buy, accelerated meaningfully for the quarter, Keith tells investors in a research note. The analyst now estimates Apple products helped Best Buy's Q4 comp by 100 basis points. He keeps an Overweight rating on Best Buy with an $81 price target.

Welcome to "Fly Insider," The Fly's weekly recap of notable insider stock transactionsNOTABLE INSIDER PURCHASES: Significant insider purchases reported in the prior week from April 15 through April 19 include:Chairman of Ashford (AINC) Montgomery Bennett purchased 200,000 shares of company stock at $4. 91 per share... To see the rest of the story go to thefly.com. See Story Here

Apple quietly acquired Paris-based AI startup Datakalab on December 17, Challenges' David Pargamin reports. The terms of the transaction could not be learned, but European Commission has been notified of the deal, the author notes. Reference Link

Friday's total option volume of 56.7 million contracts resulted in net open interest growth of 6.01 million calls and 5.28 million puts. NVIDIA (NVDA), Tesla (TSLA), Apple (AAPL) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 50k Lyft (LYFT) May-24 20 calls, 44k Energy Transfer (ET) 4/26 weekly 16.5 calls, 43k Las Vegas Sands (LVS) Sep-24 41 calls, 23k Tesla (TSLA) 4/26 weekly 162.5 calls and 21k Papa John's (PZZA) Jun-24 57.5 puts.