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AAPL

Apple

$165.81

1.76 (1.07%)

08:38
12/19/18
12/19
08:38
12/19/18
08:38

Apple falls short in India, WSJ reports

As Apple searches for new iPhone buyers, the company has fallen woefully short in India, one of the last major untapped markets on earth, The Wall Street Journal reports. The iPhone has only about 1% market share in the country, with the number of iPhones shipped in the country falling 40% so far this year vs. 2017, research firm Canalys estimates. Reference Link

AAPL Apple
$165.81

1.76 (1.07%)

12/19/18
JEFF
12/19/18
NO CHANGE
Target $225
JEFF
Buy
Jefferies says Apple iPhone business 'sufficient' to grow 'massive' Services biz
Jefferies analyst Timothy O'Shea noted that Apple (AAPL) plans to disclose its gross margin for the first time ever with its next earnings report and he believes the company intends to tell a "compelling" Services story, comparing the event to when Amazon (AMZN) first disclosed AWS margins in 2015. He estimates the company Services business has a 19% 5-year revenue CAGR with gross margin between 60-66%, which O'Shea notes is above the consensus margin estimate of 56%. While he lowered his FY19 iPhone unit sale forecast to 206M, which is below the 210M unit consensus, O'Shea added that he thinks Apple's iPhone business "still looks sufficient to build a massive, high margin, high multiple" Services business. He keeps a Buy rating on Apple shares, though O'Shea lowered his price target on the stock to $225 from $265.
12/17/18
12/17/18
DOWNGRADE
Target $50

Underperform
BofA/Merrill downgrades Best Buy to Underperform on industry slowdown concerns
As previously reported, BofA Merrill Lynch analyst Curtis Nagle downgraded Best Buy (BBY) to Underperform from Neutral, citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. Slowing industry growth, tough comparisons in key products and cost inflation will make upside less likely, contends Nagle, who has become more negative and now sees a higher possibility that Best Buy may see an "outright comp miss" in the fourth quarter. The analyst, who also believes consensus Street estimates for 2019/20 earnings are too high, lowered his price target on Best Buy shares to $50 from $70.
12/14/18
DADA
12/14/18
NO CHANGE
Target $280
DADA
Buy
Apple price target lowered to $280 from $290 at DA Davidson
DA Davidson analyst Tom Forte lowered his price target on Apple to $280 to reflect the decrease in his near-term projections for its financials based on the concerns around its lower-than-initially expected iPhone unit sales. The analyst keeps his Buy rating however, saying that the near-term challenges around Apple's operating performance is likely already priced into the stock after its 17.6% price decline since Q3 earnings. Forte also maintains his view that the higher iPhone average selling prices could produce an upside to his forecast in FY18, given that this year's least expensive new iPhone - XR - is still 7.5% more expensive than last year's iPhone 8 model.
12/13/18
12/13/18
NO CHANGE

Lynx questions credibility of report Apple developing own modems
Lynx Equity Strategies analyst Jahanara Nissar said, according to contacts, that she questions the credibility of The Information's article claiming that Apple (AAPL) is going to start a new project to design its own cellular modem chip, citing the commoditized nature of such modems and the expense of such a project. Intel (INTC) had previously displaced Qualcomm (QCOM) as the iPhone maker modem supplier due to Apple's ongoing dispute with the latter, The Fly has previously noted.

TODAY'S FREE FLY STORIES

SYF

Synchrony

$33.97

0.48 (1.43%)

, SLB

Schlumberger

$31.90

-0.06 (-0.19%)

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

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SYF

Synchrony

$33.97

0.48 (1.43%)

SLB

Schlumberger

$31.90

-0.06 (-0.19%)

AXP

American Express

$119.17

1.76 (1.50%)

KO

Coca-Cola

$53.80

0.31 (0.58%)

STT

State Street

$59.71

0.57 (0.96%)

CFG

Citizens Financial

$35.01

-0.12 (-0.34%)

KSU

Kansas City Southern

$135.33

1.04 (0.77%)

GNTX

Gentex

$27.57

-0.01 (-0.04%)

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PLSE

Pulse Biosciences

$14.52

0.525 (3.75%)

20:10
10/17/19
10/17
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Hot Stocks
Pulse Biosciences to present data from studies of nano-pulse stimulation at ASDS »

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TW

Tradeweb Markets

$43.20

0.87 (2.06%)

19:50
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19:50
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Syndicate
Tradeweb Markets 17.29M share Secondary priced at $42.00 »

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SWDAF

Software AG

$0.00

(0.00%)

19:33
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19:33
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19:33
Upgrade
Software AG rating change at Goldman Sachs »

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PBR

Petrobras

$14.43

-0.22 (-1.50%)

18:57
10/17/19
10/17
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18:57
Hot Stocks
Petrobras reports Q3 production 2.878M boepd, up 9.3% »

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MRTN

Marten Transport

$21.52

0.31 (1.46%)

, ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

18:49
10/17/19
10/17
18:49
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18:49
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

MRTN

Marten Transport

$21.52

0.31 (1.46%)

ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

ETFC

E-Trade

$39.04

0.02 (0.05%)

WAL

Western Alliance

$46.24

0.53 (1.16%)

TEAM

Atlassian

$122.43

-1.91 (-1.54%)

PRTK

Paratek Pharmaceuticals

$3.46

0.05 (1.47%)

GIL

Gildan Activewear

$35.38

0.095 (0.27%)

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

EXPO

Exponent

$70.82

1.34 (1.93%)

WDFC

WD-40

$182.75

2.41 (1.34%)

VICR

Vicor Corporation

$32.78

1.16 (3.67%)

OZK

Bank OZK

$28.32

0.03 (0.11%)

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ARWR

Arrowhead

$36.61

2.11 (6.12%)

, AMGN

Amgen

$203.60

0.32 (0.16%)

18:43
10/17/19
10/17
18:43
10/17/19
18:43
Hot Stocks
Arrowhead CEO: We can silence a single gene »

In an interview on…

ARWR

Arrowhead

$36.61

2.11 (6.12%)

AMGN

Amgen

$203.60

0.32 (0.16%)

JNJ

Johnson & Johnson

$136.20

1 (0.74%)

03/08/13
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SXT

Sensient

$66.57

0.4 (0.60%)

18:32
10/17/19
10/17
18:32
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18:32
Hot Stocks
Sensient raises quarterly dividend 8.3% to 39c per share »

The board of directors of…

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T

AT&T

$37.82

0.03 (0.08%)

18:31
10/17/19
10/17
18:31
10/17/19
18:31
Periodicals
HBO Max to stream Studio Ghibli films, Reuters says »

AT&T's upcoming…

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OMAB

OMA

$52.10

0.47 (0.91%)

18:19
10/17/19
10/17
18:19
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18:19
Earnings
OMA reports Q3 net income MXN858M vs. MXN725M last year »

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MAR

Marriott

$120.57

-0.55 (-0.45%)

18:13
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18:13
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18:13
Periodicals
Marriott near deal for Elegant Hotels valued up to GBP1 / shr, Bloomberg says »

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  • 05

    Nov

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

, SPX

S&P 500

$0.00

(0.00%)

18:08
10/17/19
10/17
18:08
10/17/19
18:08
General news
NY Fed's Williams Condition in money markets highly volatile over past month »

Williams says:…

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

SPX

S&P 500

$0.00

(0.00%)

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GM

General Motors

$36.20

-0.45 (-1.23%)

17:47
10/17/19
10/17
17:47
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17:47
Periodicals
GM strike to continue until deal with UAW is ratified, WSJ says »

United Auto Workers union…

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T

AT&T

$37.82

0.03 (0.08%)

17:37
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17:37
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17:37
Periodicals
AT&T, Elliott Management in talks to resolve activist campaign, WSJ reports »

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WAL

Western Alliance

$46.24

0.53 (1.16%)

17:27
10/17/19
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17:27
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Earnings
Western Alliance reports Q3 EPS $1.24, consensus $1.19 »

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RNLSY

Renault

$0.00

(0.00%)

17:25
10/17/19
10/17
17:25
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17:25
Downgrade
Renault rating change at Deutsche Bank »

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LOVE

Lovesac

$19.10

0.63 (3.41%)

17:24
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Hot Stocks
Park West Management reports 5.1% passive stake in Lovesac »

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    Dec

T

AT&T

$37.82

0.03 (0.08%)

17:24
10/17/19
10/17
17:24
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17:24
Periodicals
Breaking Periodicals news story on AT&T »

AT&T in discussions…

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ATVI

Activision Blizzard

$55.60

0.01 (0.02%)

17:16
10/17/19
10/17
17:16
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17:16
Hot Stocks
Activision says Call of Duty to get 'battle pass' feature, 'not loot box system' »

Activision's Call of…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:11
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10/17
17:11
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17:11
Hot Stocks
Brandywine Realty sees FY19 year-end core occupancy at 94%-95% »

Also sees FY20 year-end…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:10
10/17/19
10/17
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17:10
Hot Stocks
Brandywine Realty reports Q3 same-store net operating income up 0.6% »

Reports Q3 occupancy…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:09
10/17/19
10/17
17:09
10/17/19
17:09
Earnings
Brandywine Realty sees FY20 initial FFO $1.41-$1.51, consensus $1.46 »

Sees FY20 same-store net…

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
10/17/19
10/17
17:08
10/17/19
17:08
Earnings
Gildan Activewear cuts FY19 adj. EPS view to $1.65-$1.70 from $1.95-$2.00 »

Consensus $1.97. Cuts…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty reports Q3 FFO 36c, consensus 36c »

Reports Q3 revenue…

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