Craig-Hallum analyst Christian Schwab raised his price target on Nokia (NOK) to $9 from $7.50 after the company and Apple (AAPL) settled all intellectual property litigation and signed a multi-year patent license agreement. He believes the licensing agreement is at least equal to the terms of the previously expired deal and could be more in line with the higher terms he believes they received from Samsung (SSNLF). With Apple and Samsung under agreements, Schwab thinks deals with other smartphone makers become more likely, he noted. He keeps a Buy rating on Nokia shares, citing the "multi-year spending tailwind" that is coming from 5G.

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Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. UPPING PARENTAL CONTROLS: The... To see the rest of the story go to thefly.com. See Story Here

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Maxim initiated coverage of Apple with a Hold rating and $178 price target.

Apple will consider making some of its products in Indonesia as the company plans to ramp up investment in Vietnam, Kimberley Kao and Ben Otto of The Wall Street Journal reports. "We talked about the president's desire to see manufacturing in the country, and it's something that we will look at," CEO Tim Cook said at a press conference, according to state news agency Antara. Cook did not offer a timeline for the investment or say what form it could take. Reference Link

The U.K. plans to hold talks this month with Apple (AAPL), Meta (META), Alphabet (GOOGL) and others to push a voluntary charter granting parents more control of social media use by young teens, Bloomberg's Ellen Milligan reports. According to people familiar with the matter, ministers want to launch a consultation later this month to gauge ways of limiting the potential harm to children caused by social media, and the proposed voluntary charter may involve tech firms agreeing to alert parents when their children are repeatedly looking up disturbing content. Reference Link

In a regulatory filing, Apple disclosed that its CFO Luca Maestri sold 53.2K shares of common stock on April 11th in a total transaction size of $9.26M.

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Friday's total option volume of 58.8 million contracts resulted in net open interest growth of 5.70 million calls and 5.17 million puts. Apple (AAPL), Tesla (TSLA), NVIDIA (NVDA) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 95k Meta Platforms (Facebook) (META) 6/18 weekly 1030 calls, 42k Tesla (TSLA) Apr-24 177.5 calls, 40k V F Corp (VFC) Mar-25 10 puts, 30k Alphabet Class A (GOOGL) Apr-24 165 calls and 30k Tesla (TSLA) 6/18 weekly 100 calls.

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Notable profits for the buyer who lifted the $3.00 offer for 7,000 Apple (AAPL) 5/31 weekly 185 calls yesterday at 10:08ET when underlying shares were trading at $176.70. Shares closed at $176.55, and the calls at $3.39 for a mark-to-market profit of 13%, or $270K, on the $2100K outlay.

Nokia and SURF have successfully reached a single carrier 800Gb/s optical transmission over SURF's existing cross border, multi-vendor research and education network infrastructure. The transmission, based on Nokia's photonic service engine technology, will help accelerate the massive data exchange between the CERN particle accelerator and the NL Tier-1 research IT facilities at SURF and Nikhef, the Dutch National Institute for Subatomic Physics. By reaching 800Gb/s per channel on older fiber varieties, Nokia and SURF prove that existing infrastructure still has tremendous potential, and that legacy optical fibers can be used to meet future capacity demands of the huge data streams generated by international scientific research instruments. The trial was conducted over a 1648 km point-to-point fiber link connecting Amsterdam and Geneva, crossing Belgium and France. The fiber link is part of the SURF-network, which connects national research and education institutes in the Netherlands, such as Nikhef. Additionally, the SURF-network is also well connected to other research networks and experiments worldwide. For this trial, CERN, Nikhef, SURF and the ATLAS LHC experiment have collaborated to include real production workflows that are expected when the High-Luminosity Large Hadron Collider is operational. SURF is preparing its network for CERN's LHC upgrade to the HL-LHC that will become operational in 2029.