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AAPL

Apple

$173.07

-1.02 (-0.59%)

, QCOM

Qualcomm

$68.38

0.24 (0.35%)

08:54
11/29/17
11/29
08:54
11/29/17
08:54

Apple files patent infringement countersuit against Qualcomm, Reuters reports

Apple (AAPL) has filed a countersuit against Qualcomm (QCOM) claiming that the company's Snapdragon mobile phone chips that power Android-based devices infringe upon eight of the tech giant's battery life patents, Reuters reports, citing the filing. The suit comes amidst a long-running legal dispute between the two parties and after Qualcomm accused Apple of violating its battery life patents. Reference Link

AAPL

Apple

$173.07

-1.02 (-0.59%)

QCOM

Qualcomm

$68.38

0.24 (0.35%)

  • 06

    Mar

AAPL Apple
$173.07

-1.02 (-0.59%)

11/27/17
UBSW
11/27/17
NO CHANGE
UBSW
UBS says survey mixed for iPhone, positive for broader smartphone demand
UBS analyst David Mulholland said the firm's consumer survey of smartphone owners showed improving demand in China, but also the "surprising" indication that domestic OEMs are expected to benefit from this rather than Apple. The purchasing intention results were slightly below expectations for iPhone demand, but he noted the survey took place prior to the iPhone X being available in stores and hands on experience could help drive sales toward the iPhone X. The survey was mixed for iPhone but the firm now sees a stronger overall smartphone market and increased its smartphone growth forecast for 2018 to 5% from 4%.
11/27/17
NOMU
11/27/17
NO CHANGE
Target $185
NOMU
Buy
Apple multiple is 'getting full,' says Nomura Instinet
Nomura Instinet Jeffrey Kvaal says his channel checks through the holiday weekend suggest demand for Apple's iPhone X can drive upside to near-term estimates. The analyst, however, believes the stock's multiple is "getting full." Apple has traditionally traded poorly between supercycles, Kvaal tells investors in a research note. Nonetheless, he keeps a Buy rating on the shares with a $185 price target.
11/20/17
ADAM
11/20/17
NO CHANGE
Target $195
ADAM
Buy
Apple holiday season expected to be strong, says Canaccord
Canaccord analyst T. Michael Walkley said his North American survey indicates strong initial demand for the iPhone X with decreasing lead times, which suggests ramped up production. He believes Apple continues to grow its market share of the premium tier smartphone market with an installed base that will drive strong replacement sales and earnings as well as cash flow generation to fund long-term capital gains. Walkley reiterated his Buy rating and $195 price target on Apple shares.
11/14/17
WELS
11/14/17
INITIATION
Target $195
WELS
Market Perform
Apple resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Aaron Rakers resumed coverage of Apple with a Market Perform rating and $195 price target.
QCOM Qualcomm
$68.38

0.24 (0.35%)

11/29/17
ADAM
11/29/17
NO CHANGE
Target $313
ADAM
Buy
Broadcom could offer $100 for Qualcomm in accretive deal, says Canaccord
Canaccord analyst T. Michael Walkley raised his estimates on Broadcom (AVGO) ahead of its Q4 results. The analyst anticipates an increased offer for Qualcomm (QCOM) and said a deal would still be accretive at $100 per share. The combination would make Broadcom the third largest semiconductor company in the world and would position it for strong long-term earnings and cash flow generation, said, Walkley, who reiterated his Buy rating and raised his price target to $313 from $300 on Broadcom shares.
11/29/17
11/29/17
DOWNGRADE
Target $75

Hold
Qualcomm downgraded to Hold after Broadcom bid at Stifel
As previously reported, Stifel analyst Kevin Cassidy downgraded Qualcomm (QCOM) to Hold from Buy, arguing that the risk in the shares is now greater than the potential reward following the company's recent rejection of Broadcom's (AVGO) $70 per share bid. If Broadcom withdraws the offer, Qualcomm shares may return to the $47-$55 range, while if an acquisition deal is struck the price could be a mix of cash and stock in the high-$70 to $80 range, Cassidy believes. He raised his price target on Qualcomm to $75 from $65 based on the potential for an increased offer, which he expects.
11/28/17
STFL
11/28/17
DOWNGRADE
STFL
Hold
Qualcomm downgraded to Hold from Buy at Stifel
11/20/17
BMOC
11/20/17
NO CHANGE
Target $330
BMOC
Outperform
Broadcom resumed at BMO Capital with Outperform
BMO Capital analyst Ambrish Srivastava resumed coverage of Broadcom (AVGO) with an Outperform rating and a price target of $330, up from $200 when previously covered. Srivastava says the company continues to translate its acquisitions into "meaningful" earnings and free cash flow accretion. The analyst adds that he is positive on Brodcom's "audacious" bid for Qualcomm (QCOM), noting that shares could be valued at $410-$450 if the proposed acquisition goes through, leading to combined-company free cash flows doubling to about $20B.

TODAY'S FREE FLY STORIES

VMC

Vulcan Materials

$122.21

-0.715 (-0.58%)

11:07
12/12/17
12/12
11:07
12/12/17
11:07
Conference/Events
Vulcan Materials management to meet with SunTrust »

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FCX

Freeport McMoRan

$15.64

0.62 (4.13%)

11:05
12/12/17
12/12
11:05
12/12/17
11:05
Options
Freeport McMoRan call volume above normal and directionally bullish »

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AGU

Agrium

$110.72

2.71 (2.51%)

11:04
12/12/17
12/12
11:04
12/12/17
11:04
Hot Stocks
Agrium to acquire Louis Dreyfus Company's Macrofertil fertilizer business »

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ONCE

Spark Therapeutics

$47.72

-25.66 (-34.97%)

11:04
12/12/17
12/12
11:04
12/12/17
11:04
Upgrade
Spark Therapeutics rating change  »

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  • 14

    Dec

  • 12

    Jan

GRPN

Groupon

$5.86

0.05 (0.86%)

10:57
12/12/17
12/12
10:57
12/12/17
10:57
Recommendations
Groupon analyst commentary  »

Groupon selloff today a…

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AMAT

Applied Materials

$51.62

0.19 (0.37%)

10:55
12/12/17
12/12
10:55
12/12/17
10:55
Options
Applied Materials put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 09

    Jan

10:55
12/12/17
12/12
10:55
12/12/17
10:55
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

ONCE

Spark Therapeutics

$47.72

-25.66 (-34.97%)

10:54
12/12/17
12/12
10:54
12/12/17
10:54
Upgrade
Spark Therapeutics rating change  »

Spark Therapeutics…

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  • 14

    Dec

  • 12

    Jan

GSK

GlaxoSmithKline

$35.53

0.22 (0.62%)

10:53
12/12/17
12/12
10:53
12/12/17
10:53
Hot Stocks
FDA approves expanded use of GlaxoSmithKline's Nucala »

The FDA expanded the…

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  • 25

    Mar

TRIP

TripAdvisor

$35.32

0.82 (2.38%)

10:48
12/12/17
12/12
10:48
12/12/17
10:48
Hot Stocks
TripAdvisor, ReviewPush form licensing partnership for restaurant reviews »

ReviewPush announced a…

03/08/13
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OSTK

Overstock.com

$55.00

9.925 (22.02%)

, MS

Morgan Stanley

$53.09

0.32 (0.61%)

10:46
12/12/17
12/12
10:46
12/12/17
10:46
Hot Stocks
Overstock rises after Morgan Stanley discloses stake ahead of crypto launch »

Shares of Overstock…

OSTK

Overstock.com

$55.00

9.925 (22.02%)

MS

Morgan Stanley

$53.09

0.32 (0.61%)

BTC

Bitcoin

BITCOIN

Bitcoin

QVCA

QVC Group

$24.52

-0.27 (-1.09%)

TJX

TJX

$73.55

0.25 (0.34%)

COST

Costco

$188.86

0.79 (0.42%)

03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

  • 14

    Dec

ATVI

Activision Blizzard

$63.17

0.74 (1.19%)

, EA

Electronic Arts

$107.92

2.65 (2.52%)

10:44
12/12/17
12/12
10:44
12/12/17
10:44
Hot Stocks
Goldman ups Activision Blizzard, cuts EA in video game ratings shuffle »

Ahead of 2018, Goldman…

ATVI

Activision Blizzard

$63.17

0.74 (1.19%)

EA

Electronic Arts

$107.92

2.65 (2.52%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 30

    Jan

TMUS

T-Mobile

$63.07

0.53 (0.85%)

10:43
12/12/17
12/12
10:43
12/12/17
10:43
Conference/Events
T-Mobile to host business news update conference call »

T-Mobile's President…

03/08/13
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03/08/13
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  • 12

    Dec

MMM

3M

$236.76

-2.54 (-1.06%)

10:43
12/12/17
12/12
10:43
12/12/17
10:43
Recommendations
3M analyst commentary  »

3M guidance solid versus…

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  • 12

    Dec

SQ

Square

$39.23

0.9318 (2.43%)

10:40
12/12/17
12/12
10:40
12/12/17
10:40
Options
Sizable put buyer in Square as shares rally »

Sizable put buyer in…

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  • 12

    Dec

  • 19

    Dec

WWE

WWE

$30.94

0.24 (0.78%)

10:37
12/12/17
12/12
10:37
12/12/17
10:37
Conference/Events
WWE management to meet with Morgan Stanley »

Meeting to be held in…

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  • 12

    Dec

VKTX

Viking Therapeutics

$3.97

-0.11 (-2.70%)

10:35
12/12/17
12/12
10:35
12/12/17
10:35
Conference/Events
Viking Therapeutics management to meet with Maxim »

Meetingsto be held in New…

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  • 12

    Dec

  • 13

    Dec

  • 28

    Dec

TSLA

Tesla

$328.91

13.78 (4.37%)

, PEP

PepsiCo

$117.97

0.58 (0.49%)

10:34
12/12/17
12/12
10:34
12/12/17
10:34
Hot Stocks
Tesla jumps as PepsiCo makes biggest public pre-order of Semi trucks »

Shares of Tesla (TSLA)…

TSLA

Tesla

$328.91

13.78 (4.37%)

PEP

PepsiCo

$117.97

0.58 (0.49%)

WMT

Walmart

$97.02

0.09 (0.09%)

DPSGY

Deutsche Post

$47.34

-0.26 (-0.55%)

JBHT

J.B. Hunt

$111.30

-1.21 (-1.08%)

BUD

AB InBev

$111.30

-0.12 (-0.11%)

03/08/13
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  • 12

    Dec

  • 16

    Jan

  • 20

    Feb

NICE

Nice

$87.68

-0.15 (-0.17%)

10:32
12/12/17
12/12
10:32
12/12/17
10:32
Conference/Events
Nice management to meet with Oppenheimer »

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  • 12

    Dec

  • 26

    Feb

EA

Electronic Arts

$107.92

2.65 (2.52%)

10:30
12/12/17
12/12
10:30
12/12/17
10:30
Options
Electronic Arts attracts a bullish option play »

Electronic Arts attracts…

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  • 30

    Jan

10:30
12/12/17
12/12
10:30
12/12/17
10:30
General news
Euro$ interest rate futures are lower »

Euro$ interest rate…

IPGP

IPG Photonics

$206.65

1.39 (0.68%)

10:29
12/12/17
12/12
10:29
12/12/17
10:29
Conference/Events
IPG Photonics management to meet with Oppenheimer »

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  • 12

    Dec

EVI

EnviroStar

$31.45

0.85 (2.78%)

10:25
12/12/17
12/12
10:25
12/12/17
10:25
Hot Stocks
EnviroStar declares 12c per share special cash dividend »

EnviroStar announced that…

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  • 12

    Dec

KMT

Kennametal

$45.81

-0.15 (-0.33%)

10:25
12/12/17
12/12
10:25
12/12/17
10:25
Conference/Events
Kennametal to host investor day »

Investor Day to be held…

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  • 12

    Dec

RPD

Rapid7

$18.77

0.03 (0.16%)

10:24
12/12/17
12/12
10:24
12/12/17
10:24
Conference/Events
Rapid7 to host analyst day »

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  • 12

    Dec

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