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AAPL

Apple

$168.38

-4.42 (-2.56%)

08:35
04/09/18
04/09
08:35
04/09/18
08:35

Apple supply chain checks suggest tighter capital control, says RBC Capital

RBC Capital analyst Amit Daryanani kept his Outperform rating and $203 price target on Apple after conducting the company's Asian supply channel check. The analyst maintains his expectations of three iPhones to be launched this year - one LCD model and two LED models - while also noting tighter cost controls by the company since it ramped up the output of iPhone 8. Daryanani further expects the LCD model to feature a 6.1-inch full screen and 3D sensing, accounting for over 50% of of the new iPhone production by the second half. The analyst notes that while suppliers expect the production of 80M-90M iPhone units in the second half of 2018 - below 100M-120M iPhone 8/X forecasts made last year - the forecast has more to do with inventory management rather than demand. Daryanani maintains his positive outlook on Apple stock thanks to the tailwinds around the company's "capital allocation, services growth, gross-margin upside and attractive valuation".

  • 10

    Apr

AAPL Apple
$168.38

-4.42 (-2.56%)

04/03/18
RBCM
04/03/18
NO CHANGE
Target $46
RBCM
Sector Perform
Apple's chip insourcing to have modest impact on Intel, says RBC Capital
RBC Capital analyst Amit Daryanani writes that yesterday's Bloomberg report about Apple's (AAPL) plans to replace Intel (INTC) x86 processor solutions in its Mac product line is likely to have a "modest" impact of annual 20c-25c EPS and $3B-$4B on Intel over longer term. Daryanani believes that the initiative is still at an early stage and his assumption accounts for a total loss of Apple's processor allocation, though he also warns that Apple's insourcing could create a business impact on the broader supply chain. The analyst keeps his Sector Perform rating and $46 price target on Intel, maintaining a neutral stance on the possibility of heightened competition from AMD's (AMD) Epyc processor.
04/03/18
MSCO
04/03/18
NO CHANGE
Target $43
MSCO
Equal Weight
Intel has limited risk from 'recurring' Apple concerns, says Morgan Stanley
After Bloomberg reported yesterday that Apple (AAPL) is evaluating using its own processors in Mac computers, Morgan Stanley analyst Joseph Moore noted that this has been a recurring concern in recent years for Intel (INTC). Ensuring backwards compatibility with prior Macs would require emulation, which could be problematic for Apple given that ARM processors have lower performance for most common PC applications, said Moore. The analyst, who doesn't see Intel's roughly 4% exposure to Macs being fully at risk, maintains his Equal Weight rating on Intel shares.
04/04/18
BERN
04/04/18
NO CHANGE
BERN
Market Perform
Narrowing gap between TSMC, Intel makes Apple's aspiration possible, says Bernstein
Bernstein analyst Mark Li believes that given Apple's (AAPL) experience in processor design, replacing Intel (INTC) processor with its own is possible. Further, the analyst says that the narrowing gap in process technology between TSMC (TSM) and Intel also makes Apple's aspiration possible, while Apple's vertical integration with OS and applications also puts it in a better position to challenge Intel. Li sees a downside to TSMC's 2019 revenue because of Bitcoin, but says it remains a "solid" company with balanced risk and reward. The analyst reiterates a Market-Perform rating on TSMC shares.
04/05/18
SBSH
04/05/18
NO CHANGE
Target $200
SBSH
Buy
Citi sees $100B opportunity in Apple's capital returns strategy
Citi analyst Jim Suva reiterates a Buy rating on Apple shares with a $200 price target. The analyst expects "volatility ahead" for the stock as consensus estimates for the March and June quarters move lower to reflect more tempered demand for the iPhone X. Looking ahead, however, Suva expects investor focus to be on the impact from Apple's capital returns strategy. He estimates this could be a $100B increase. Investors will also soon focus on Apple's second half of 2018 product lineup and continued strength in its Services segment, Suva tells investors in a research note.

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AVLR

Avalara

$34.68

-1.375 (-3.81%)

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XLNX

Xilinx

$70.61

-0.56 (-0.79%)

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IVC

Invacare

$16.50

0.15 (0.92%)

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  • 12

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PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

20:39
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Syndicate
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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
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Syndicate
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  • 06

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ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
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20:33
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Syndicate
Addus HomeCare 2.1M share Secondary priced at $59.00 »

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  • 16

    Aug

LABL

Multi-Color

$63.90

-1 (-1.54%)

20:32
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20:32
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Multi-Color rating change at KeyBanc »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

03/08/13
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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
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Hot Stocks
Breaking Hot Stocks news story on 58.com »

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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
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Earnings
58.com reports Q2 adjusted earnings per ADS 82c, consensus 68c »

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  • 16

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WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
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Initiation
Wesco Aircraft initiated at UBS »

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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

19:07
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19:07
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Initiation
Triumph Group initiated at UBS »

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
08/15/18
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Hexcel initiated at UBS »

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  • 06

    Nov

ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
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CW

Curtiss-Wright

$130.92

-2.42 (-1.81%)

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LLL

L3 Technologies

$208.08

-1.73 (-0.82%)

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GD

General Dynamics

$192.29

-1.33 (-0.69%)

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BDRBF

Bombardier

$0.00

(0.00%)

19:02
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Initiation
Bombardier initiated at UBS »

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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
08/15/18
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Initiation
Heico initiated at UBS »

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  • 28

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  • 06

    Nov

HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
08/15/18
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Initiation
Harris initiated at UBS »

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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
08/15/18
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Initiation
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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
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Periodicals
PNC faces subpoenas over low-income housing tax credits, Bloomberg says »

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PNC Financial

$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

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