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AAPL

Apple

$227.29

1.53 (0.68%)

07:41
10/02/18
10/02
07:41
10/02/18
07:41

Apple's hardware-focused policy may no longer be feasible, DigiTimes reports

With sales of Apple's products taking a hit, the company might reconsider its hardware-centric strategy, according to DigiTimes, citing supply chain sources. Apple's traditional strategy of leveraging its brand premium in a closed ecosystem might not be viable for much longer as rivals are making headway in voice interface and other segments. Eyes will be on the sales of iPhone XS, XS Max and the yet to be released iPhone XR to see if policy changes are afoot. Reference Link

AAPL Apple
$227.29

1.53 (0.68%)

09/27/18
09/27/18
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. JPMORGAN STARTS APPLE AT OVERWEIGHT: JPMorgan analyst Samik Chatterjee initiated coverage of Apple (AAPL) with an Overweight rating and $272 price target. While Apple's leadership position in the premium smartphone market is well understood by investors, its "faster-than-expected" transformation to a services business, "stronger-than-expected" price increases in the core iPhone business and earnings growth from stock buybacks can drive "considerable upside" to current share levels, Chatterjee said. The analyst also believes Apple's "robust" high-single-digit growth in the installed base, which he says is a key contributor to services revenue growth, has been underappreciated by investors. LOOP CUTS APPLIED OPTOELECTRONICS TO SELL: Loop Capital analyst James Kisner downgraded Applied Optoelectronics (AAOI) to Sell from Hold and cut his price target for the shares to $20 from $45. The downgrade follows the analyst's industry checks which suggest the company is having product quality issues in 100G CWDM4 transceivers and that the pricing environment for 100G data center optics "remains very tough." It's possible that Applied Optoelectronics can get around the problem by procuring lasers externally, but this would obviously be negative for gross margin, the analyst said. NORTHLAND CUTS AMD TO MARKET PERFORM: Northland analyst Gus Richard said that while his thesis that AMD (AMD) will challenge Intel (INTC) has not changed, valuation has, prompting him to downgrade AMD shares to Market Perform from Outperform. He still sees AMD shares appreciating through year end, but Richard believes the stock price now reflects "irrational expectations." While downgrading his rating, Richard raised his price target on AMD shares to $30 from $26. STIFEL BOOSTS AMAZON PRICE TARGET TO STREET HIGH: Stifel analyst Scott Devitt increased his price target on Amazon (AMZN) shares to $2,525 from $2,020 primarily due to higher long-term revenue and margin expectations, driven by stronger than previously expected growth from Amazon's retail, cloud, and advertising businesses. He raised his 2019 advertising and other revenue forecast to $15.0B from $13.5B and hiked his 2020 view for the business to $20.2B from $17.6B. He increased his 2019 AWS revenue forecast to $36.6B from $35.4B and increased his 2020 view for AWS to $50.1B from $47.8B. Devitt also raised his 2019 and 2020 online stores revenue forecasts to $143.1B and $164.6, respectively, from $141.5B and $161.3B. He maintains a Buy rating on Amazon shares. CITI SAYS BED BATH & BEYOND TURNAROUND MAY BE TOO LITTLE, TOO LATE: Citi analyst Kate McShane lowered her price target for Bed Bath & Beyond (BBBY) to $13 from $16 and reiterated a Sell rating on the shares following the company's Q2 results. Management's turnaround plan "might be too little too late," McShane said in a post-earnings research note. In the near term, it's difficult to envision the company's initiatives "moving the needle in a meaningful way," McShane wrote. And over the long term, she finds it unclear which of the projects management will stick with.
09/28/18
NOMU
09/28/18
NO CHANGE
Target $215
NOMU
Buy
Apple price target raised to $215 from $210 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Apple to $215 while keeping a Neutral rating on the shares. Falling shipment times for the XS models lifts visibility into the trajectory of two of the three new phones, Kvaal tells investors in a research note. Further, longer shipment times for the Max than the XS imply a "material" average selling price boost, the analyst contends. He upped his fiscal 2019 earnings per share estimate to $14.35 from $14.16.
10/01/18
PIPR
10/01/18
NO CHANGE
Target $250
PIPR
Overweight
Piper calls iPhone ASP estimate conservative after iPhone user survey
After surveying over 700 domestic iPhone owners to ask which iPhone they would buy if they were to upgrade this year, Piper Jaffray analyst Michael Olson believes the consensus average selling price estimate may be conservative. Of those surveyed, 39% indicated they would buy one of the two "flagship" devices, the iPhone Xs or Xs Max, while the remaining 61% would buy some combination of iPhone Xr, 8 or 7, Olson tells investors in a research note. The analyst now expects a fiscal 2019 average selling price of $770, above his previous estimate of $758. Further, Olson believes more choices for next gen form factor iPhones will drive unit upside relative to consensus. For fiscal 2019 he models 223M units versus the consensus at 218M. The analyst raised his estimates for Apple and continues to recommend owning the shares with an Overweight rating and $250 price target.
10/01/18
NOMU
10/01/18
NO CHANGE
NOMU
Buy
ITC ruling Friday reinforces Qualcomm's momentum, says Nomura Instinet
Nomura Instinet analyst Romit Shah believes Friday's International Trade Commission ruling reinforces Qualcomm's (QCOM) momentum in the Apple (AAPL) litigation and increases the likelihood the dispute will be settled before the end of the year. The analyst says he's been recommending Qualcomm shares on the belief that the Apple dispute would be resolved by the end of the year and Qualcomm stands to "benefit greatly" from a resolution. Shah keeps a Buy rating on the shares with an $80 price target.

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HMHC

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EA

Electronic Arts

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MSFT

Microsoft

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UBSFY

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OSPN

OneSpan

$20.13

3.355 (20.00%)

12:33
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Downgrade
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OSPN

OneSpan

$20.21

3.435 (20.48%)

12:28
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12:28
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OneSpan rating change  »

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KMI

Kinder Morgan

$19.20

0.05 (0.26%)

12:27
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Hot Stocks
Kinder Morgan Chairman Richard Kinder buys over 19K shares of company stock »

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NYT

New York Times

$32.02

0.06 (0.19%)

12:25
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New York Times publisher responds to Trump's 'enemy of the people' tweet »

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RTTR

Ritter Pharmaceuticals

$0.66

-0.0104 (-1.55%)

12:25
02/20/19
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12:25
Conference/Events
Ritter Pharmaceuticals to host conference call »

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ZNGA

Zynga

$5.09

-0.01 (-0.20%)

12:20
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Options
Defensive option play in Zynga as shares ease off 52-week highs »

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HSY

Hershey

$109.97

0.275 (0.25%)

12:19
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Earnings
Hershey issues long-term adjusted EPS growth target of 6%-8% »

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MCS

Marcus

$40.59

1 (2.53%)

12:18
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Marcus raises quarterly dividend 6.7% to 16c per share »

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HSY

Hershey

$109.95

0.255 (0.23%)

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Hershey would consider debt to EBITDA ratio over 2.0 times for acquisition »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

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FX Action: USD-JPY »

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CVS

CVS Health

$64.92

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, TSLA

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BMY

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KNDI

Kandi Technologies

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GRMN

Garmin

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Invitae

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OMI

Owens & Minor

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WIX

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CXO

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HSY

Hershey

$110.01

0.315 (0.29%)

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Hershey reaffirms 2019 guidance at CAGNY Conference »

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KNX

Knight-Swift

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Knight Transportation call volume above normal and directionally bullish »

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General news
U.S. corporate bond update: the calendar remains active. »

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DNLI

Denali Therapeutics

$21.44

-0.16 (-0.74%)

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RDY

Dr. Reddy's

$35.97

-0.45 (-1.24%)

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HSY

Hershey

$109.86

0.165 (0.15%)

12:01
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Hershey backs FY19 adjusted EPS growth view of 5%-7%, consensus $5.64 »

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QTT

Qutoutiao

$12.66

0.25 (2.01%)

12:01
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Downgrade
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BHC

Bausch Health

$23.23

-1.94 (-7.71%)

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Bausch Health falls -7.7% »

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IDT

IDT Corp

$6.48

-0.68 (-9.50%)

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IDT Corp falls -9.1% »

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