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AAPL

Apple

$170.95

0.61 (0.36%)

06:56
02/20/19
02/20
06:56
02/20/19
06:56

Loop Capital lowers estimates on Apple's 2019 iPhone revenue, unit sales

Loop Capital analyst Ananda Baruah kept his Hold rating and $160 price target on Apple, saying his deeper analysis of the iPhone capacity mix implies lower expected 2019 device revenue of $130B - down from $147B prior forecast - and reduced unit sales estimate of 180M vs. 191M prior. The analyst notes that channel costs, discounting, and supply issue factors cloud visibility, but warns that "pronounced seasonality for the March quarter, ongoing softness in China's economy, and an elongating upgrade cycle" could also alter the dynamics of the current quarter.

AAPL Apple
$170.95

0.61 (0.36%)

02/04/19
JPMS
02/04/19
NO CHANGE
Target $228
JPMS
Overweight
Activision, Sonos, Netflix offer best strategic fits for Apple, says JPMorgan
Despite Apple (AAPL) itself offering no comments on the subject or giving any indication to investors of its intentions, potential acquisition targets for the company have been widely discussed in press reports on a regular basis, JPMorgan analyst Samik Chatterjee tells investors in a research note. The speculation has included a wide range of industries, from automobile manufacturers, like Tesla (TSLA), to information platforms, like Twitter (TWTR), adds the analyst. He believes the speculation has likely in part been driven by the $130B of net cash on Apple's balance sheet. Chatterjee finds three industries to be of the most strategic value to Apple for potential deals: Video gaming, smart home speaker and video content. These areas provide potential growth opportunities to leverage Apple's services over a wider installed base, says the analyst. In video gaming, he sees Activision Blizzard (ATVI) as being the best strategic fit for Apple. In smart home speaker, Chatterjee believes Sonos (SONO) offers the best strategic of the names mentioned in the press. And in video content, the analyst views Netflix (NFLX) as the best strategic fit, although he "appreciates a combination is less likely as Netflix is unlikely to be a seller for a modest premium."
02/07/19
MSCO
02/07/19
NO CHANGE
Target $99
MSCO
Overweight
PayPal acceptance growth still best of any digital wallet, says Morgan Stanley
Morgan Stanley analyst James Faucette said the most common question he has gotten for the past several weeks on PayPal (PYPL) has been, "Why is the stock underperforming so much since the beginning of 2019?" He believes PayPal's recent plateauing probably has more to do with other stocks than anything stock-specific, stating that Visa (V) and MasterCard (MA) "really have arguably had their best buying opportunities in years" and he would not be surprised to see PayPal "tread water" until those two stocks retake their respective highs. Another common thread in talks has been increasing concern that other digital wallets from Amazon (AMZN), Apple (AAPL) and others may be closing the acceptance gap, though he thinks that "speculation is flatly wrong." Dating back to March 2016, PayPal has had the fastest acceptance growth among all digital wallets, outpacing all the other wallets that he can reliably track, Faucette tells investors. He maintains an Overweight rating and $99 price target on PayPal shares.
02/15/19
JEFF
02/15/19
NO CHANGE
Target $160
JEFF
Hold
Apple Services growth unlikely to offset iPhone declines, says Jefferies
It appears that Apple will likely announce its new over-the-top streaming service as soon as late March for a potential Spring release, Jefferies analyst Timothy O'Shea tells investors in a research note titled "Apple Video Coming Soon; Not Feeling the Love." The analyst says that while Apple Video represents upside to his detailed Services model, unfavorable economics might discourage third party content producers from participating, limiting its growth potential. He thinks the service will operate similarly to the App Store where Apple will take a 30% revenue cut. Further, O'Shea points out that it would take 250M subscribers to represent 5% of 2023 revenue. For now Services growth is unlikely to offset iPhone unit declines, which should persist through 2019, contends the analyst. He keeps a Hold rating on Apple with a $160 price target. The iPhone maker closed yesterday unchanged at $170.80.
02/20/19
JPMS
02/20/19
NO CHANGE
Target $228
JPMS
Overweight
JPMorgan's iPhone supplier tracker shows early signs of stabilization
JPMorgan analyst Samik Chatterjee says that while his firm's iPhone Supplier Tracker decelerated seasonally in January, the latest trends could be indicative of stabilization. Aggregate revenues for the suppliers in the tracker declined by 24% month-over-month in January, which compares to a 22% decline the suppliers have seen historically going from the month of December to January, Chatterjee tells investors in a research note. Additionally, on a year-over-year basis, aggregate revenue rose by 2% in January, in what we believe could be early signs of a stabilization, says the analyst. He keeps an Overweight rating on Apple with a $228 price target.

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ZAYO

Zayo Group

$33.83

0.01 (0.03%)

16:51
09/16/19
09/16
16:51
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16:51
Hot Stocks
Zayo Group COO sells 14,993 common shares »

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LHCG

LHC Group

$118.42

0.8 (0.68%)

16:50
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09/16
16:50
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16:50
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LHC Group initiated  »

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AMED

Amedisys

$130.73

-2.13 (-1.60%)

16:47
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16:47
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Initiation
Amedisys initiated  »

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HLM

Hillman Companies

$0.00

(0.00%)

16:46
09/16/19
09/16
16:46
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16:46
Hot Stocks
Hillman CEO Greg Gluchowski leaving company due to family medical issues »

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

16:45
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09/16
16:45
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16:45
Hot Stocks
Breaking Hot Stocks news story on Aclaris Therapeutics »

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ALDR

Alder Biopharmaceuticals

$18.50

8.45 (84.08%)

16:40
09/16/19
09/16
16:40
09/16/19
16:40
Upgrade
Alder Biopharmaceuticals rating change  »

Alder upgraded to Equal…

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XON

Intrexon

$6.86

0.44 (6.85%)

16:39
09/16/19
09/16
16:39
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16:39
Hot Stocks
Intrexon falls after dismissing accountant, notes 'going concern' language »

On September 10, the…

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SHOP

Shopify

$337.93

-0.77 (-0.23%)

16:38
09/16/19
09/16
16:38
09/16/19
16:38
Syndicate
Shopify files to sell 1.9M Class A subordinate voting shares »

The offering will be led…

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  • 18

    Sep

KTOV

Kitov Pharmaceuticals

$0.81

-0.003 (-0.37%)

16:37
09/16/19
09/16
16:37
09/16/19
16:37
Syndicate
Kitov Pharmaceuticals files to sell 2.81M ADSs for holders »

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DRQ

Dril-Quip

$55.40

3.36 (6.46%)

16:37
09/16/19
09/16
16:37
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16:37
Hot Stocks
Dril-Quip discloses termination of Ca Rong Do project, maintains guidance »

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WOW

WideOpenWest

$6.24

0.325 (5.49%)

16:36
09/16/19
09/16
16:36
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16:36
Hot Stocks
WOW! names Bill Case CIO, announces departure of CTO Bell »

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XLRN

Acceleron

$44.67

0.75 (1.71%)

16:35
09/16/19
09/16
16:35
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16:35
Hot Stocks
Acceleron announces ACE-083 trial does not meet secondary endpoints »

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  • 17

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  • 04

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  • 04

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DMTK

DermTech

$5.80

-0.18 (-3.01%)

16:34
09/16/19
09/16
16:34
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16:34
Hot Stocks
DermTech names Kevin Sun CFO »

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LDOS

Leidos

$86.22

0.38 (0.44%)

16:32
09/16/19
09/16
16:32
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16:32
Hot Stocks
Leidos awarded $428M ISR support services contract from U.S. Army »

Leidos has been awarded a…

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SAIC

SAIC

$83.81

-0.39 (-0.46%)

16:31
09/16/19
09/16
16:31
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16:31
Hot Stocks
SAIC awarded $85M contract to provide IT services to city of Anaheim, CA »

Science Applications…

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EHC

Encompass Health

16:31
09/16/19
09/16
16:31
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16:31
Initiation
Encompass Health initiated  »

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SEM

Select Medical

$16.97

0.01 (0.06%)

16:31
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16:31
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Initiation
Select Medical initiated  »

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  • 15

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AMED

Amedisys

$130.73

-2.13 (-1.60%)

16:31
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16:31
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Initiation
Amedisys initiated  »

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16:30
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16:30
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Options
Preliminary option volume of 19.0M today »

Preliminary option volume…

CME

CME Group

$207.01

1.26 (0.61%)

16:29
09/16/19
09/16
16:29
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Initiation
CME Group initiated  »

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  • 17

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PBH

Prestige Brands

$34.97

-1.03 (-2.86%)

16:27
09/16/19
09/16
16:27
09/16/19
16:27
Conference/Events
Prestige Brands management to meet with Jefferies »

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  • 17

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CBOE

Cboe Global Markets

$110.75

-0.11 (-0.10%)

16:27
09/16/19
09/16
16:27
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16:27
Initiation
Cboe Global Markets initiated  »

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FNKO

Funko

$27.86

0.47 (1.72%)

16:26
09/16/19
09/16
16:26
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16:26
Syndicate
Funko files to sell 4M shares of Class A common stock for holders »

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CURO

Curo Group

$15.28

-0.045 (-0.29%)

16:25
09/16/19
09/16
16:25
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16:25
Conference/Events
Curo Group management to meet with Jefferies »

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  • 17

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  • 13

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ICE

IntercontinentalExchange

$91.88

1.05 (1.16%)

16:25
09/16/19
09/16
16:25
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Initiation
IntercontinentalExchange initiated  »

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  • 31

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