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AAPL

Apple

$111.46

-0.11 (-0.10%)

14:29
11/30/16
11/30
14:29
11/30/16
14:29

Australia proposes to deny collective bargaining of banks against Apple Pay

The Australian Competition and Consumer Commission issued a draft ruling proposing to deny authorisation to the Commonwealth Bank of Australia, Westpac Banking Corp, National Australia Bank, and Bendigo and Adelaide Bank to collectively bargain with and boycott Apple on Apple Pay. "The banks sought authorisation to bargain with Apple on two key issues: access to the near-field communication controller in iPhones. Such access would enable the banks to offer their own integrated digital wallets to iPhone customers in competition with Apple's digital wallet without using Apple Pay; and removing restrictions Apple imposes on banks preventing them from passing on fees that Apple charges the banks for the use of its digital wallet," the agency explained, adding that "the conduct would reduce the competitive tension between the banks individually negotiating with Apple, which could reduce competition between the banks in the supply of mobile payment services for iPhones." ACCC chairman Rod Sims said, "This is currently a finely balanced decision. The ACCC is not currently satisfied that the likely benefits from the proposed conduct outweigh the likely detriments." The Australian banks have yet to reach agreement with Apple to enable their cardholders to use Apple Pay. Apple does not allow the banks, or any entity, direct access to the NFC to allow them to offer their own integrated digital wallet. Reference Link

AAPL Apple
$111.46

-0.11 (-0.10%)

11/21/16
ADAM
11/21/16
NO CHANGE
Target $140
ADAM
Buy
Apple continues to dominate industry operating profits, says Canaccord
Canaccord analyst T. Michael Walkley said Apple captured a strong share of the premium-tier global smartphone market during Q3 and believes they will continue to extend their leading market share position. He noted Apple will continue to generate strong profit share despite iPhone sales moderating in North America over the past several weeks. Walkley expects steady iPhone 7 sales will help Apple return to growth in Q1 2017 and reiterated his Buy rating and $140 price target on the shares.
11/23/16
CLVD
11/23/16
NO CHANGE
CLVD
Neutral
Apple iPhone 7 supply remains constrained, says Cleveland Research
Cleveland Research said its near-term work remains encouraging on iPhone 7 demand and mix, with checks indicating that supply of iPhone 7 seems to be normalizing in most channels and tightness persists for the 7+. Discussions also suggest growing optimism for the next iPhone refresh, said the firm, which has a Neutral rating on Apple shares.
11/23/16
RSBL
11/23/16
NO CHANGE
RSBL
Apple trimming March quarter component order forecast, says Rosenblatt
Rosenblatt believes Apple has starting trimming its March quarter component order forecast following last week's December quarter production cut. The firm's analyst now expects orders to drop to 40M-43M units from 45M-46M, and believes March quarter's iPhone shipment consensus forecast of 52M-54M may be at risk.
11/29/16
UBSW
11/29/16
NO CHANGE
Target $127
UBSW
Buy
Apple procurement estimates suggest risk to next two quarters, says UBS
UBS analyst Steven Milunovich said Apple's procurement numbers for the December and March quarters have been revised downward, putting consensus estimates for the two quarters at risk. The analyst is leaving his estimates unchanged, but notes his view remains below consensus. He said many investors are looking to 2018, when high retention rates and an aging installed base could drive significant upgrades for the next iteration of the iPhone. Milunovich reiterated his Buy rating and $127 price target on Apple shares.

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MWA

Mueller Water

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OBLN

Obalon Therapeutics

$6.14

-0.725 (-10.56%)

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Syndicate
Obalon Therapeutics 5.455M share Secondary priced at $5.50 »

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GDEN

Golden Entertainment

$28.21

-0.6 (-2.08%)

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Syndicate
Golden Entertainment 6.5M share Secondary priced at $28.00 »

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AGIO

Agios Pharmaceuticals

$68.15

-2.18 (-3.10%)

05:56
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Syndicate
Agios Pharmaceuticals 7.09M share Secondary priced at $67.00 »

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AAPL

Apple

$179.26

0.16 (0.09%)

05:55
01/19/18
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05:55
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05:55
Periodicals
S. Korean consumer group files criminal complaint against Apple CEO, CNBC says »

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AVT

Avnet

$41.32

-0.33 (-0.79%)

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FCAU

Fiat Chrysler

$23.40

0.28 (1.21%)

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DANOY

Danone

$17.06

0.085 (0.50%)

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WNS

WNS Holdings

$45.28

2.31 (5.38%)

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BK

BNY Mellon

$55.35

-2.54 (-4.39%)

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  • 08

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CRBP

Corbus Pharmaceuticals

$7.95

-0.25 (-3.05%)

05:52
01/19/18
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05:52
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05:52
Initiation
Corbus Pharmaceuticals initiated  »

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ESS

Essex Property Trust

$224.60

-2.76 (-1.21%)

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  • 08

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GPN

Global Payments

, FDC

First Data

$17.56

-0.04 (-0.23%)

05:48
01/19/18
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05:48
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05:48
Recommendations
Global Payments, First Data, Worldpay analyst commentary  »

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GPN

Global Payments

FDC

First Data

$17.56

-0.04 (-0.23%)

WP

Worldpay

$79.08

1.19 (1.53%)

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MWA

Mueller Water

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-0.06 (-0.49%)

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CUB

Cubic

$59.95

-0.8 (-1.32%)

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    Jun

VEOEY

Veolia Environment

$25.50

-0.285 (-1.11%)

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MAA

MAA

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SIEN

Sientra

$10.33

-0.71 (-6.43%)

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CMG

Chipotle

$337.53

2.9 (0.87%)

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PLYA

Playa Hotels & Resorts

$10.75

-0.56 (-4.95%)

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SQ

Square

$40.27

0.21 (0.52%)

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CLF

Cleveland-Cliffs

$8.41

-0.08 (-0.94%)

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05:36
Initiation
Cleveland-Cliffs initiated  »

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  • 25

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NFLX

Netflix

$220.33

2.83 (1.30%)

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CHEK

Check-Cap

$0.87

-0.0325 (-3.61%)

05:30
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Check-Cap receives Nasdaq minimum bid price notification »

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