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AAPL

Apple

$221.44

-1.69 (-0.76%)

12:35
09/09/18
09/09
12:35
09/09/18
12:35

President Trump tells Apple to make products in U.S. to avoid tariffs

In a tweet, President Donald Trump said: "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting! #MAGA" Reference Link

  • 11

    Sep

AAPL Apple
$221.44

-1.69 (-0.76%)

09/07/18
LOOP
09/07/18
NO CHANGE
Target $20
LOOP
Hold
Finisar price target lowered to $20 from $22 at Loop Capital
Loop Capital analyst James Kisner lowered his price target on Finisar (FNSR) to $20 and kept his Hold rating, saying that while the company's Q1 results were "solid", its Q2 guidance was mixed with lower than expected revenue outlook. The analyst notes that even as the company continues to plan to ramp up its 3D sensing revenue, the management has acknowledged that its outlook is based on the qualification with its largest 3D sensing customer Apple (AAPL). Kisner further cites the "tough competitive environment in datacom optics and execution risk around 3D sensing".
09/07/18
GSCO
09/07/18
NO CHANGE
Target $240
GSCO
Neutral
Apple price target raised to $240 from $200 at Goldman Sachs
Goldman Sachs analyst Rod Hall outlined his expectations for Apple's new product event on September 12, stating that he expects three new iPhones at better price points. He estimates the "iPhone 9" will price at $849, and while he sees some flexibility down to $800, Hall contends that a $699 price point would make little sense for Apple and drive FY19 EPS that would miss consensus. He also expects Apple to announce two new AppleCare+ Plans associated with the iPhone 9 and the Xs+ and raised his Services forecast to account for an overall mix of AppleCare+ skewed towards higher priced plans. Hall raised his price target on Apple shares to $240 but maintains a Neutral rating on the stock.
09/07/18
RBCM
09/07/18
NO CHANGE
Target $77
RBCM
Outperform
Qualcomm price target raised to $77 from $73 at RBC Capita
RBC Capital analyst Amit Daryanani raised his price target on Qualcomm (QCOM) to $77 and kept his Outperform rating ahead of the expected ITC determination in its bid for limited exclusion order against Apple (AAPL) and its "importation of iPhone models that do not use Qualcomm baseband". The analyst notes that a settlement is a "high probability event" going into the 5G connectivity cycle, adding that the company has also been "actively" pursuing settlement of disputes with Samsung (SSNLF) and Huawei. Daryanani estimates FY19 earnings accretion of 75-90c from the potential settlement.
09/07/18
09/07/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA DOUBLE UPGRADES AK STEEL: BofA Merrill Lynch analyst Timna Tanners double upgraded AK Steel (AKS) to Buy from Underperform and raised its price target to $6 from $5. Tanners is now modeling 2019 spot benchmark hot rolled coil at $750/short ton versus $700 previously and expects 85% of AK Steel's sheet business that is on fixed-price contracts will have a substantial increase in 2019. In mid-morning trading, AK Steel is up 2%. MACQUARIE CUTS WELLS FARGO TO NEUTRAL: Macquarie analyst David Konrad downgraded Wells Fargo (WFC) to Neutral from Buy with a $63 price target based on valuation and near-term estimates falling below expectations. Konrad said valuation has moved in-line relative to peers following favorable expense guidance and the strong CCAR results, and believes it will take a few more quarters before leverage drives higher earnings. SUSQUEHANNA INITIATES BAIDU, JD.COM: Susquehanna analyst Shyam Patil initiated Baidu (BIDU) with a Positive rating and $325 price target, saying its a 20%+ grower with upside to estimates and the multiple with little downside risk. Patil said the company has several initiatives underway that will drive upside over the near-to-intermediate-term with longer-term AI projects that represent call options. Patil also initiated JD.com (JD) with a Neutral rating and $30 price target, saying he is concerned Alibaba (BABA) will continue to be an e-commerce category killer in China and will remain aggressive in its efforts to take share from JD. GOLDMAN RAISES APPLE TARGET TO $240: Goldman Sachs analyst Rod Hall outlined his expectations for Apple's (AAPL) new product event on September 12, stating that he expects three new iPhones at better price points. He also expects Apple to announce two new AppleCare+ Plans associated with the iPhone 9 and the Xs+ and raised his Services forecast to account for an overall mix of AppleCare+ skewed towards higher priced plans. Hall raised his price target on Apple shares to $240, but maintained a Neutral rating on the stock. BOFA DEFENDS MICRON: BofA Merrill Lynch analyst Simon Woo kept his Buy rating and $100 price target on Micron (MU), saying the fundamentals of the company's earnings remain solid, and the recent correction in the stock price is likely "sentiment related". The analyst notes that the company is still headed for "record-high revenue/profit," and the stalled rise in memory chip prices does not signal a market downturn.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$247.51

-11.19 (-4.33%)

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GT

Goodyear Tire

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-0.54 (-2.69%)

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Breaking Hot Stocks news story on Goodyear Tire »

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  • 26

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F

Ford

$9.41

-0.17 (-1.77%)

08:22
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Periodicals
DOJ opens criminal investigation into Ford, Reuters reports »

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ZFGN

Zafgen

$2.55

0.17 (7.14%)

08:22
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Initiation
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$DJT

DJ Transportation Average

$0.00

(0.00%)

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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

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Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$194.95

-4.58 (-2.30%)

08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$78.85

-0.03 (-0.04%)

08:19
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Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.07

-0.23 (-0.34%)

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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$119.70

-0.65 (-0.54%)

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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$56.60

-0.73 (-1.27%)

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S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$58.03

0.245 (0.42%)

08:18
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Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$56.47

-0.36 (-0.63%)

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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$88.19

0.97 (1.11%)

08:18
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Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$156.75

-1.27 (-0.80%)

08:18
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Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

08:17
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Goodyear Tire CEO says 'we gained momentum in the U.S. during the quarter' »

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DIA

Diamonds Fund ETF

$264.58

-1.32 (-0.50%)

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Technical Analysis
Diamonds Fund ETF: Pivot points »

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SPY

SPDR S&P 500 ETF Trust

$292.12

-0.1 (-0.03%)

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MRCY

Mercury Systems

$72.52

-0.53 (-0.73%)

08:17
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Recommendations
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  • 30

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XLF

Financial Select Sector

$27.46

0.07 (0.26%)

08:17
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Technical Analysis
Financial Select Sector: Pivot points »

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GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

08:17
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Hot Stocks
Goodyear Tire reports Q1 tire unit volumes totaled 38M, down 3% y/y »

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  • 26

    Apr

WCN

Waste Connections

$91.18

1.895 (2.12%)

08:17
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Recommendations
Waste Connections analyst commentary at BMO Capital »

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  • 05

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    Jun

SMH

Market Vectors Semiconductor

$117.30

-2.22 (-1.86%)

08:16
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QQQ

Invesco QQQ Trust

$190.42

0.74 (0.39%)

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Technical Analysis
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