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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

VIVHY

Vivendi

$0.00

(0.00%)

19:12
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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

19:05
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Human rights orgs urge Google to not launch censored app in China, Verge says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

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Alphabet Class A

$1,052.80

5.81 (0.55%)

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  • 11

    Dec

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    Mar

ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

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Hot Stocks
Fly Intel: After Hours Movers »

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

CARS

Cars.com

$23.94

-0.37 (-1.52%)

TROX

Tronox

$7.05

-0.25 (-3.42%)

CR

Crane

$78.23

-0.99 (-1.25%)

SFIX

Stitch Fix

$25.92

-0.42 (-1.59%)

CASY

Casey's General Stores

$119.64

-1.78 (-1.47%)

NX

Quanex

$14.05

-0.13 (-0.92%)

CAMP

CalAmp

$17.02

-0.23 (-1.33%)

RARX

RA Pharmaceuticals

$17.58

1.13 (6.87%)

SAEX

SAExploration

$3.33

-0.11 (-3.20%)

03/08/13
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  • 10

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    Dec

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    Dec

TROX

Tronox

$7.05

-0.25 (-3.42%)

18:46
12/10/18
12/10
18:46
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18:46
Hot Stocks
Tronox CEO discloses purchase of 25K shares of common stock »

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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
12/10/18
12/10
18:37
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18:37
Hot Stocks
Allegiant reports November total systems traffic up 10.1% »

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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
12/10/18
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18:27
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18:27
Periodicals
Splunk CEO says customers can now talk via voice-enabled assistants, CNBC says »

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  • 10

    Dec

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    Dec

  • 20

    Dec

  • 09

    Jan

EFC

Ellington Financial

$15.57

0.01 (0.06%)

18:22
12/10/18
12/10
18:22
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18:22
Hot Stocks
Ellington Financial reports book value per share of $19.37 as of Nov. 30th »

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NTDOY

Nintendo

$0.00

(0.00%)

18:22
12/10/18
12/10
18:22
12/10/18
18:22
Periodicals
New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

Nintendo's latest…

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
12/10/18
12/10
18:15
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18:15
Periodicals
Google CEO supports privacy law, denies political bias, Bloomberg says »

Google CEO Sundar Pichai…

GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

03/08/13
Wedge Partners
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Credit Suisse
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  • 11

    Dec

  • 03

    Mar

APTI

Apptio

$37.86

-0.17 (-0.45%)

18:13
12/10/18
12/10
18:13
12/10/18
18:13
Downgrade
Apptio rating change  »

Apptio downgraded to Hold…

03/08/13
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NMRK

Newmark

$8.56

0.21 (2.52%)

18:00
12/10/18
12/10
18:00
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18:00
Hot Stocks
Newmark CEO Barry Gosin buys over $2.6M in company shares »

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EVTC

Evertec

$26.83

-0.365 (-1.34%)

17:52
12/10/18
12/10
17:52
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17:52
Hot Stocks
Evertec EVP Ramirez sells 44,378 common shares »

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  • 11

    Dec

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  • 18

    Dec

ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

, APA

Apache

$31.27

-1.74 (-5.27%)

17:46
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Apache reports 13.4% stake in Altus Midstream Company »

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ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

APA

Apache

$31.27

-1.74 (-5.27%)

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RHT

Red Hat

$177.13

0.03 (0.02%)

, IBM

IBM

$121.13

1.77 (1.48%)

17:45
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17:45
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Red Hat sets January 16 special meeting for vote on IBM merger »

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RHT

Red Hat

$177.13

0.03 (0.02%)

IBM

IBM

$121.13

1.77 (1.48%)

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  • 03

    Mar

YMAB

Y-mAbs Therapeutics

$22.17

-0.36 (-1.60%)

17:42
12/10/18
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17:42
Hot Stocks
Y-mAbs Therapeutics humanized bispecific GD2 antibody IND receives FDA clearance »

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GLD

SPDR Gold Shares

$117.68

-0.39 (-0.33%)

17:39
12/10/18
12/10
17:39
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17:39
Hot Stocks
SPDR Gold Shares holdings rise to 760.32MT from 759.73MT »

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SAEX

SAExploration

$3.33

-0.11 (-3.20%)

17:35
12/10/18
12/10
17:35
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17:35
Syndicate
SAExploration files to sell common stock for holders »

SAExploration filed to…

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BHVN

Biohaven Pharmaceutical

$40.47

-0.25 (-0.61%)

17:27
12/10/18
12/10
17:27
12/10/18
17:27
Syndicate
Breaking Syndicate news story on Biohaven Pharmaceutical »

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WCC

Wesco

$49.28

-0.675 (-1.35%)

17:26
12/10/18
12/10
17:26
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17:26
Initiation
Wesco initiated at Buckingham »

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  • 12

    Dec

MTEM

Molecular Templates

$4.30

-0.08 (-1.83%)

17:25
12/10/18
12/10
17:25
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17:25
Initiation
Molecular Templates initiated at Oppenheimer »

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  • 12

    Dec

COHR

Coherent

$119.34

-0.28 (-0.23%)

17:23
12/10/18
12/10
17:23
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17:23
Initiation
Coherent initiated at Goldman Sachs »

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CAMP

CalAmp

$17.02

-0.23 (-1.33%)

17:22
12/10/18
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17:22
Hot Stocks
CalAmp announces $20M stock repurchase program »

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CR

Crane

$78.23

-0.99 (-1.25%)

17:22
12/10/18
12/10
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17:22
Initiation
Crane initiated at Buckingham »

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BTX

BioTime

$1.31

-0.03 (-2.24%)

17:22
12/10/18
12/10
17:22
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17:22
Initiation
BioTime initiated at Oppenheimer »

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NVAX

Novavax

$2.14

0.09 (4.39%)

17:20
12/10/18
12/10
17:20
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17:20
Initiation
Novavax initiated at Oppenheimer »

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