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AAPL

Apple

$183.83

6.93 (3.92%)

, SSNLF

Samsung

$0.00

(0.00%)

10:09
05/05/18
05/05
10:09
05/05/18
10:09

Apple raking in profits amid technology impasse, Barron's says

Warren Buffet's Berkshire Hathaway (BRKA) has bought another 75M shares of Apple (AAPL), Tiernan Ray writes in this week's edition of Barron's. While the current impasse for technology is going to continue to reduce new opportunities for Apple, for competitors such as Samsung (SSNLF) and suppliers like Qorvo (QRVO), there is enough wealth in the steady supply of what exists to keep investors like Buffett delighted with the cash flow, he contends. Milking it, at the moment, triumphs over innovation, Barron's says. Reference Link

AAPL

Apple

$183.83

6.93 (3.92%)

SSNLF

Samsung

$0.00

(0.00%)

QRVO

Qorvo

$79.51

2.78 (3.62%)

  • 18

    May

AAPL Apple
$183.83

6.93 (3.92%)

05/02/18
OPCO
05/02/18
NO CHANGE
OPCO
Perform
Oppenheimer remains skeptical over Apple's ability to maintain market dominance
Oppenheimer analyst Andrew Uerkwitz believes the June quarter guidance and major share repurchase plan should ease some concerns for a negative surprise in the near-term. However, the analyst remains skeptical over Apple's ability to maintain its market dominance in the mid- to-long term when competitors in software and services erode its hardware differentiation. Uerkwitz reiterates a Perform rating on the shares.
05/02/18
BARD
05/02/18
NO CHANGE
Target $200
BARD
Outperform
Apple platform remains strong, says Baird
Baird analyst William Power said Apple reported solid Q2 results and noted they were driven by significant services revenue upside and strong China growth. He also noted guidance was better than feared, allying concerns of a more severe sequential decline. He said with iPhone results solid, and services surging, he believes the Apple platform remains strong. Power reiterated his Outperform rating and $200 price target on Apple shares.
05/04/18
OPCO
05/04/18
NO CHANGE
Target $120
OPCO
Outperform
Oppenheimer remains a buyer of Skyworks following Q2 results
Oppenheimer analyst Rick Schafer said he remains a buyer of Skyworks (SKWS) following the company's Q2 earnings. In a research note to investors, Schafer noted that while the June quarter outlook why shy of consensus expectations, it was likely better than feared given recent Apple (AAPL)-related foodchain cuts, adding that he believes weaker iPhone units were likely aggravated by a ramp down at Samsung (SSNLF) following an above-seasonal GS9 ramp in the first calendar quarter of the year. The analyst has an Outperform rating and $120 price target on shares.
05/04/18
CHLM
05/04/18
NO CHANGE
Target $115
CHLM
Buy
Skyworks price target lowered to $115 from $125 at Craig-Hallum
Craig-Hallum analyst Tony Stoss lowered his price target on Skyworks (SWKS) to $115 from $125M and reiterated a Buy rating on shares after the company reported Q2 quarter results that were above expectations. In a research note to investors, Stoss noted that weaker iPhone sales in the quarter were slightly offset by both strong sales as well as content gains in the S9, and that June quarter guidance was "better than feared" but weaker than expectations as continued Apple (AAPL) weakness and the removal of ZTE-related revenues impacted the quarter. Additionally, Stoss said that Huawei is "a risk" in the near-term given the scrutiny it faces in the U.S. for similar-to-ZTE business practices.
SSNLF Samsung
$0.00

(0.00%)

04/24/18
RBCM
04/24/18
NO CHANGE
Target $75
RBCM
Outperform
Qualcomm price target lowered to $75 from $80 at RBC Capital
RBC Capital analyst Amit Daryanani lowered his price target on Qualcomm (QCOM) to $75 ahead of the company's earnings tomorrow, citing his supply chain conversations suggesting a "muted" iPhone (AAPL) and Samsung (SSNLF) GS9 unit shipment growth along with lackluster smartphone demand in China. Longer term, the analyst keeps his Outperform rating on Qualcomm with a view toward potential catalysts being "licensing resolution", the close of NXP Semiconductors (NXPI) deal or a "material buyback, and cost reductions.
04/26/18
BMOC
04/26/18
NO CHANGE
Target $55
BMOC
Market Perform
Qualcomm price target lowered to $55 from $70 at BMO Capital
BMO Capital analyst Tim Long lowered his price target on Qualcomm (QCOM) to $55 and kept his Market Perform rating. Long says that despite the "favorable" Q2 results, the company announced "much weaker" guidance for the June quarter, noting that while the chip business continues to deliver, the "outlook for royalties is negative". Aside from the ongoing disputes with Apple (AAPL) and Huawei, the analyst points to reduced royalty rates from other licensees, including a lower effective rate from Samsung (SSNLF). Long prefers a neutral stance amid the "ongoing uncertainty around licensing, as well as multiple regulatory investigations".
05/01/18
OPCO
05/01/18
NO CHANGE
OPCO
Oppenheimer lowering estimates on Apple supply chain
Oppenheimer analyst Rick Schafer is lowering estimates on his Apple (AAPL) supply chain stocks on the heels of his colleague analyst Andrew Uerkwitz's estimate cuts reflecting widespread evidence of incremental downside in iPhone units likely in Q2. Schafer believes investors expect lower iPhone units near-term, with magnitude the only question, and estimates a 5M unit shortfall versus his prior Q2 estimates. The analyst expects a rebound in China smartphone to provide a tailwind for some, but not enough to offset an above seasonal slowdown at Samsung (SSNLF) and incremental Apple softness. Nonetheless, he remains bullish on sustained RF content gains as the market moves toward 5G, and his top picks on this theme are Broadcom (AVGO)/Skyworks (SWKS).
QRVO Qorvo
$79.51

2.78 (3.62%)

05/02/18
KEYB
05/02/18
NO CHANGE
KEYB
Apple better than feared results slightly positive for supply chain, says KeyBanc
KeyBanc analyst John Vinh views Apple's (AAPL) better than feared results as slightly positive for its supply chain companies Broadcom (AVGO), Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA). However, given the increased inventories, the analyst still sees risk to forward guidance but views risk/reward as more balanced ahead of earnings given lowered expectations. Vihn recommends investors continue to own Broadcom, Skyworks, and Synaptics.
05/01/18
05/01/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Owens Corning (OC) upgraded to Buy from Neutral at Nomura Instinet with analyst Michael Wood saying the current valuation reflects the cyclical downturn while an extended recovery could bring compelling upside. 2. Qorvo (QRVO) upgraded to Overweight from Equal Weight at Barclays with analyst Blayne Curtis saying he sees content gains at Apple (AAPL) being a positive catalyst for the shares. 3. LabCorp (LH) and Quest Diagnostics (DGX) were upgraded to Outperform from Neutral at Baird. 4. Fox Factory (FOXF) upgraded to Buy from Neutral at BofA/Merrill with analyst Rafe Jadrosich saying valuation is attractive following the pullback. 5. Marriott Vacations (VAC) upgraded to Buy from Hold at SunTrust with analyst C. Patrick Scholes saying the 10% stock pullback yesterday was the result of higher expectations for deal synergies, "arb" pressure, sell-on-news factors, as well as limited management commentary regarding revenue synergies on its call. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/18
LEHM
05/01/18
UPGRADE
Target $87
LEHM
Overweight
Barclays upgrades Qorvo to Overweight on Apple content gains
Barclays analyst Blayne Curtis upgraded Qorvo (QRVO) to Overweight from Equal Weight with an unchanged price target of $87. The stock closed yesterday at $67.40. The company is finally positioned to regain some bulk acoustic wave shares at Apple (AAPL) in 2018, Curtis tells investors in a research note. The analyst sees "some risk" to the company's June quarter guidance, but believes this is well known. Investors will quickly focus on the second half of 2018 story, with the stock "washed out" at current levels, the analyst contends. Curtis believes shares of both Qorvo and Skyworks (SWKS) can work amid content share gains.
05/01/18
LEHM
05/01/18
UPGRADE
Target $87
LEHM
Overweight
Qorvo upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Blayne Curtis upgraded Qorvo (QRVO) to Overweight with an $87 price target. The analyst sees content gains at Apple (AAPL) being a positive catalyst for the shares.

TODAY'S FREE FLY STORIES

ENIA

Enel Americas

$9.25

-0.08 (-0.86%)

19:01
06/17/18
06/17
19:01
06/17/18
19:01
Upgrade
Enel Americas rating change at Goldman Sachs »

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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

, UN

Unilever; also tag UL

$54.74

0.7 (1.30%)

18:55
06/17/18
06/17
18:55
06/17/18
18:55
Periodicals
Unilever taking stand against digital media's fake followers, Reuters says »

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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

UN

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$54.74

0.7 (1.30%)

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TWX

Time Warner

$98.91

(0.00%)

, CMCSA

Comcast

$33.85

0.03 (0.09%)

16:58
06/17/18
06/17
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16:58
Hot Stocks
Box Office Battle: 'Incredibles 2' breaks record with $180M »

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Time Warner

$98.91

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CMCSA

Comcast

$33.85

0.03 (0.09%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$49.11

-0.02 (-0.04%)

FOX

21st Century Fox

$44.57

0.14 (0.32%)

FOXA

21st Century Fox

$44.60

0.03 (0.07%)

LGF.A

Lionsgate

$26.57

1.52 (6.07%)

DIS

Disney

$108.91

0.15 (0.14%)

VIAB

Viacom

$29.40

0.49 (1.69%)

VIA

Viacom

$33.95

0.15 (0.44%)

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  • 18

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OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

, OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

16:46
06/17/18
06/17
16:46
06/17/18
16:46
Conference/Events
JPMorgan to hold a conference »

3rd Annual Energy Equity…

OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

SRCE

1st Source

$55.36

0.13 (0.24%)

LGCY

Legacy Reserves

$6.07

-0.03 (-0.49%)

EVA

Enviva

$29.35

0.15 (0.51%)

CRC

California Resources

$35.03

-2.57 (-6.84%)

INSM

Insmed

$26.74

-1.5 (-5.31%)

03/08/13
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03/06/13
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03/06/13
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  • 18

    Jun

  • 28

    Sep

16:43
06/17/18
06/17
16:43
06/17/18
16:43
Conference/Events
Leerink to hold a tour »

Ribs N' Bones Bus…

16:40
06/17/18
06/17
16:40
06/17/18
16:40
Conference/Events
Citigroup to hold a conference »

2018 European Healthcare…

GM

General Motors

$43.91

0.32 (0.73%)

, FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

16:38
06/17/18
06/17
16:38
06/17/18
16:38
Periodicals
Automakers putting smaller engines into big trucks, WSJ reportsFord »

U.S. auto makers are…

GM

General Motors

$43.91

0.32 (0.73%)

FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

F

Ford

$11.88

-0.01 (-0.08%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Jun

MSFT

Microsoft

$100.24

-1.14 (-1.12%)

, GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

16:34
06/17/18
06/17
16:34
06/17/18
16:34
Periodicals
Microsoft is fixing office, WSJ reports »

The new version of…

MSFT

Microsoft

$100.24

-1.14 (-1.12%)

GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

GOOG

Alphabet

$1,151.95

-0.05 (-0.00%)

03/08/13
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03/06/13
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03/06/13
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  • 18

    Jun

  • 28

    Oct

16:34
06/17/18
06/17
16:34
06/17/18
16:34
Conference/Events
Deutsche Bank to hold a conference »

Taiwan Auto Electronics…

WFC

Wells Fargo

$54.99

0.23 (0.42%)

, MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

16:33
06/17/18
06/17
16:33
06/17/18
16:33
Conference/Events
Federal Reserve Bank of New York to hold a conference »

Reforming Culture &…

WFC

Wells Fargo

$54.99

0.23 (0.42%)

MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

BAC

Bank of America

$29.27

-0.24 (-0.81%)

C

Citi

$66.34

0.18 (0.27%)

WBK

Westpac Banking

$20.67

0.125 (0.61%)

GS

Goldman Sachs

$232.00

-1.695 (-0.73%)

BCS

Barclays

$10.59

-0.225 (-2.08%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 18

    Jun

  • 19

    Jun

  • 19

    Jun

  • 21

    Jun

  • 22

    Jun

  • 13

    Jul

  • 10

    Sep

  • 14

    Jan

  • 12

    Apr

  • 15

    Apr

  • 13

    Jul

  • 16

    Jul

  • 15

    Oct

  • 15

    Oct

F

Ford

$11.88

-0.01 (-0.08%)

16:25
06/17/18
06/17
16:25
06/17/18
16:25
Hot Stocks
Ford acquires Michigan Central Station »

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BMY

Bristol-Myers

$54.81

1.165 (2.17%)

16:22
06/17/18
06/17
16:22
06/17/18
16:22
Hot Stocks
Bristol-Myers' ELOQUENT-3 trial meets primary endpoint »

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  • 26

    Jun

  • 10

    Jul

PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

, RHHBY

Roche

$0.00

(0.00%)

16:18
06/17/18
06/17
16:18
06/17/18
16:18
Hot Stocks
PTC Therapeutics presents updated preliminary data from SMA FIREFISH Program »

PTC Therapeutics (PTCT)…

PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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03/06/13
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CYTK

Cytokinetics

$9.95

0.5 (5.29%)

16:15
06/17/18
06/17
16:15
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16:15
Hot Stocks
Cytokinetics announces data from Phase 2 clinical study of Reldesemtiv in SMA »

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PERY

Perry Ellis

$27.92

0.31 (1.12%)

16:12
06/17/18
06/17
16:12
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16:12
Hot Stocks
Perry Ellis enters into $437M transaction to become private company »

Perry Ellis International…

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VSTM

Verastem

$6.53

0.95 (17.03%)

16:08
06/17/18
06/17
16:08
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16:08
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Verastem presents duvelisib data at EHA 2018 annual meeting »

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  • 05

    Oct

IQ

iQIYI

$40.16

-0.44 (-1.08%)

16:05
06/17/18
06/17
16:05
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16:05
Hot Stocks
iQIYI obtains broadcasting rights for all four golf majors »

iQIYI announced it had…

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HD

Home Depot

$200.55

0.86 (0.43%)

15:56
06/17/18
06/17
15:56
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15:56
Conference/Events
Home Depot participates in a field trip with UBS »

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PAY

Verifone

$22.84

0.01 (0.04%)

15:28
06/17/18
06/17
15:28
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15:28
Conference/Events
Verifone to host special shareholder meeting »

Special Shareholder…

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CACI

CACI

$167.60

1.1 (0.66%)

14:18
06/17/18
06/17
14:18
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14:18
Conference/Events
CACI to hold a webcast »

Management discusses…

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  • 21

    Jun

ARGX

Argenx

$92.38

-3.32 (-3.47%)

14:11
06/17/18
06/17
14:11
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14:11
Conference/Events
Argenx to hold a KOL breakfast symposium »

Management holds a Key…

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  • 20

    Jun

PTC

PTC

$94.87

-0.46 (-0.48%)

14:06
06/17/18
06/17
14:06
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14:06
Conference/Events
PTC to host analyst day »

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13:41
06/17/18
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13:41
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13:41
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Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

VRX

Valeant

$26.86

0.06 (0.22%)

13:31
06/17/18
06/17
13:31
06/17/18
13:31
Conference/Events
Breaking Conference/Events news story on Valeant »

FDA PDUFA Date for…

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  • 18

    Jun

  • 27

    Aug

WMGI

Wright Medical

$25.83

-0.26 (-1.00%)

13:27
06/17/18
06/17
13:27
06/17/18
13:27
Conference/Events
Wright Medical management to meet with Leerink »

Meeting to be held on…

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