Longbow analyst Joe Wittine kept his Buy rating and $215 price target on Coherent (COHR), saying that after a challenging first half of 2018, the recent data in the OLED supply chain indicates improvement which is de-risking the company's FY19 forecast. The analyst notes that the surprising iPhone mix in the latest quarter reported by Apple (AAPL) suggests that after some initial resistance, customers will "ultimately adopt high-end, higher-priced OLED-equipped devices". Wittine also expects the introduction of new OLED smartphone models to continue across all vendors, and expects the OLED attach rates to grow "meaningfully" beyond the current 28%-29% penetration rate.

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