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AAPL

Apple

$187.08

3.32 (1.81%)

, QCOM

Qualcomm

$56.26

0.88 (1.59%)

14:55
03/15/19
03/15
14:55
03/15/19
14:55

Apple tells Bloomberg Qualcomm IP claims 'an attempt at distraction'

Apple (AAPL) told Bloomberg that it was "disappointed" with the outcome of the patent trial in San Diego, adding that Qualcomm's (QCOM) intellectual property claims are "an attempt at distraction." As previously reported, a jury in a San Diego court ruled that Apple violated all three Qualcomm patents being argued over in the case and ordered that Apple pay $31.6M in damages.

AAPL

Apple

$187.08

3.32 (1.81%)

QCOM

Qualcomm

$56.26

0.88 (1.59%)

  • 01

    May

AAPL Apple
$187.08

3.32 (1.81%)

03/15/19
CHLM
03/15/19
NO CHANGE
CHLM
Broadcom price target raised to $325 from $305 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Broadcom and raised his price target on shares to $325 from $305, after the company reported Q1 earnings. The analyst believes Broadcom's reaffirmed FY19 guidance in conservative, and sees the free cash flow expansion "likely driving another dividend raise in December." Stoss did note, however, that Broadcom reported Q1 revenue results below Street estimates due to weakness at Apple (AAPL) and a slowdown in data center spending, although he believes the Apple weakness was "largely expected."
03/14/19
03/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with an Outperform at Cowen. 2. Fluidigm (FLDM) initiated with a Buy at BTIG. 3. Kala Pharmaceuticals (KALA) initiated with a Buy at Jefferies. 4. PLx Pharma (PLXP) initiated with an Outperform at JMP Securities. 5. Walker & Dunlop (WD) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/19
MSCO
03/14/19
NO CHANGE
Target $197
MSCO
Overweight
Morgan Stanley 'positively biased' on Apple's March quarter based on China signs
Morgan Stanley analyst Katy Huberty shared four reasons that she is "positively biased" on Apple's March quarter with two weeks to go: data showing that Apple gained share of the Chinese smartphone installed base year-over-year in January and February; the fact that February was the first month in half a year that her firm's Asia team didn't cut their iPhone builds forecast; the fact that this is the first time that her March and June quarter iPhone forecasts are actually below her Asia Hardware team's build forecast; and the fact that replacement cycles have converged with PCs. Huberty, who added that the XS Max is the most popular new iPhone model with users in China "contrary to expectations," keeps an Overweight rating and $197 price target on Apple shares.
03/14/19
COWN
03/14/19
INITIATION
Target $220
COWN
Outperform
Apple initiated with an Outperform at Cowen
Cowen analyst Krish Sankar initiated Apple with an Outperform rating and $220 price target, stating that his long term investment thesis hinges on the Services segment growing and Apple massively monetizing its installed base of products. Sankar also thinks increasing recurring revenues should drive a higher multiple for Apple shares, he tells investors. He models iPhone units down 15% year-over-year in calendar 2019 to 175M units.
QCOM Qualcomm
$56.26

0.88 (1.59%)

03/04/19
SUSQ
03/04/19
NO CHANGE
SUSQ
Positive
Cirrus Logic, Qualcomm winners in S10 teardown, Knowles loser, says Susquehanna
Susquehanna analyst Christopher Rolland disassembled the Korean version of Samsung's (SSNLF) Galaxy S10 and he found Cirrus Logic (CRUS) won the new amplifier sockets as well as maintaining their codec in the Exynos version. The analyst found Qualcomm (QCOM) has won the under-glass fingerprint sensor, apparently for all designs, not just those using a Qualcomm AP. He said this is a new source of revenue for Qualcomm. He noted the big loser was Knowles (KN) because traditionally Samsung used microphone MEMS from Knowles but in the GS10 not one but two microphones are supplied by GoerTek.
02/26/19
STFL
02/26/19
NO CHANGE
Target $57
STFL
Hold
Qualcomm legal overhang limits upside despite 5G leadership, says Stifel
After Qualcomm's "barrage" of product announcements timed for Mobile World Congress this week, Stifel analyst Kevin Cassidy said he believes the company most notable announcements were its second generation 5G modem and second generation RF Front-End solutions. While he sees Qualcomm as the clear leader in 5G modem technology, Cassidy noted that significant 5G modem related revenue may be two years away and he believes the legal overhang of the recently concluded FTC trial limits Qualcomm's share price upside. Cassidy, who thinks Qualcomm shares could trade in a range of about $30 to $90 depending on the outcome of the legal disputes, keeps a Hold rating and $57 price target on the stock.
01/31/19
BMOC
01/31/19
NO CHANGE
Target $54
BMOC
Market Perform
Qualcomm price target lowered to $54 from $60 at BMO Capital
BMO Capital analyst Tim Long lowered his price target on Qualcomm to $54 and kept his Market Perform rating after its mixed Q4 results, with the top-line miss driven by weaker chip and royalty revenues being offset by an earnings beat due to lower operating expense and a $150M Huawei payment. The analyst also sees growing uncertainty for the stock from the weak China smartphone market and heating up litigation activity.
01/31/19
MZHO
01/31/19
NO CHANGE
Target $62
MZHO
Buy
Qualcomm price target lowered to $62 from $66 at Mizuho
Mizuho analyst Vijay Rakesh lowered his price target for Qualcomm to $62 saying the company reported a slightly below consensus December quarter but guided to an in-line March quarter. Handsets remain in a slowdown, Rakesh tells investors in a research note. However, he keeps a Buy rating on Qualcomm as the company "awaits some critical litigations and the 2020 5G ramp."

TODAY'S FREE FLY STORIES

FXI

iShares China Large-Cap ETF

$42.28

0.09 (0.21%)

10:20
07/17/19
07/17
10:20
07/17/19
10:20
Options
Short-term put buyer in China ETF bought delta neutral »

Short-term put buyer in…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
07/17/19
07/17
10:17
07/17/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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PAGS

PagSeguro Digital

$45.50

0.78 (1.74%)

, OPRA

Opera

$11.00

0.41 (3.87%)

10:16
07/17/19
07/17
10:16
07/17/19
10:16
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

PAGS

PagSeguro Digital

$45.50

0.78 (1.74%)

OPRA

Opera

$11.00

0.41 (3.87%)

WORK

Slack Technologies

$34.19

-0.24 (-0.70%)

JLL

Jones Lang LaSalle

$140.23

-0.06 (-0.04%)

ALSN

Allison Transmission

$47.46

-0.1 (-0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 01

    Aug

  • 06

    Aug

  • 06

    Aug

HSY

Hershey

$144.07

3.64 (2.59%)

, COP

ConocoPhillips

$60.31

0.57 (0.95%)

10:16
07/17/19
07/17
10:16
07/17/19
10:16
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

HSY

Hershey

$144.07

3.64 (2.59%)

COP

ConocoPhillips

$60.31

0.57 (0.95%)

CTRP

Ctrip

$38.35

1.48 (4.01%)

KBH

KB Home

$26.58

-0.16 (-0.60%)

SLGN

Silgan Holdings

$30.47

0.09 (0.30%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 24

    Jul

  • 25

    Jul

  • 30

    Jul

MFGP

Micro Focus

$21.23

0.57 (2.76%)

, WFC

Wells Fargo

$45.45

0.15 (0.33%)

10:16
07/17/19
07/17
10:16
07/17/19
10:16
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

MFGP

Micro Focus

$21.23

0.57 (2.76%)

WFC

Wells Fargo

$45.45

0.15 (0.33%)

ARLP

Alliance Resource Partners

$16.87

-0.38 (-2.20%)

WUBA

58.com

$57.07

-0.68 (-1.18%)

RL

Ralph Lauren

$111.09

-4.07 (-3.53%)

LEVI

Levi Strauss

$18.76

-1.05 (-5.30%)

PVH

PVH Corp.

$89.89

-2.61 (-2.82%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 26

    Jul

  • 30

    Jul

  • 01

    Aug

  • 19

    Sep

  • 19

    Sep

  • 12

    Oct

  • 15

    Oct

$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
07/17/19
07/17
10:16
07/17/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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DOYU

DouYu

$0.00

(0.00%)

10:15
07/17/19
07/17
10:15
07/17/19
10:15
Syndicate
Breaking Syndicate news story on DouYu »

DouYu indicated to open…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Jul

LEVI

Levi Strauss

$18.74

-1.07 (-5.40%)

10:15
07/17/19
07/17
10:15
07/17/19
10:15
Options
Levi Strauss put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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10:15
07/17/19
07/17
10:15
07/17/19
10:15
General news
Fed funds futures have a light bid »

Fed funds futures have a…

10:15
07/17/19
07/17
10:15
07/17/19
10:15
General news
Breaking General news story  »

Week of 7/12 EIA…

DOYU

DouYu

$0.00

(0.00%)

10:13
07/17/19
07/17
10:13
07/17/19
10:13
Syndicate
Breaking Syndicate news story on DouYu »

DouYu indicated to open…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Jul

DOYU

DouYu

$0.00

(0.00%)

10:09
07/17/19
07/17
10:09
07/17/19
10:09
Syndicate
Breaking Syndicate news story on DouYu »

DouYu indicated to open…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

DOYU

DouYu

$0.00

(0.00%)

10:05
07/17/19
07/17
10:05
07/17/19
10:05
Syndicate
DouYu indicated to open at $12.00, IPO priced at $11.50 »

DouYu (DOYU) priced…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

TELL

Tellurian

$6.94

-0.74 (-9.64%)

10:05
07/17/19
07/17
10:05
07/17/19
10:05
Options
Tellurian call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 17

    Jul

CTK

CooTek

$9.17

(0.00%)

10:00
07/17/19
07/17
10:00
07/17/19
10:00
Hot Stocks
CooTek falls -7.2% »

CooTek is down -7.2%, or…

03/08/13
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03/06/13
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GWB

Great Western

$32.31

-2.69 (-7.69%)

10:00
07/17/19
07/17
10:00
07/17/19
10:00
Hot Stocks
Great Western falls -7.5% »

Great Western is down…

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  • 25

    Jul

  • 10

    Sep

  • 11

    Sep

NUS

Nu Skin

$37.55

-7.95 (-17.47%)

10:00
07/17/19
07/17
10:00
07/17/19
10:00
Hot Stocks
Nu Skin falls -17.4% »

Nu Skin is down -17.4%,…

03/08/13
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03/06/13
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  • 06

    Aug

NM

Navios Maritime

$5.64

0.3 (5.62%)

10:00
07/17/19
07/17
10:00
07/17/19
10:00
Hot Stocks
Navios Maritime rises 5.8% »

Navios Maritime is up…

03/08/13
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03/06/13
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FSM

Fortuna Silver Mines

$3.36

0.185 (5.83%)

10:00
07/17/19
07/17
10:00
07/17/19
10:00
Hot Stocks
Fortuna Silver Mines rises 5.8% »

Fortuna Silver Mines is…

03/08/13
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03/06/13
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03/06/13
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ORN

Orion Group

$4.12

0.36 (9.57%)

10:00
07/17/19
07/17
10:00
07/17/19
10:00
Hot Stocks
Orion Group rises 9.3% »

Orion Group is up 9.3%,…

03/08/13
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03/06/13
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  • 13

    Nov

TSLA

Tesla

$257.74

5.36 (2.12%)

09:57
07/17/19
07/17
09:57
07/17/19
09:57
Periodicals
Officials worry over Tesla's plan to unleash robo-cars, Washington Post says »

Tesla is racing to be…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    Jul

  • 06

    Aug

ABT

Abbott

$86.34

3.23 (3.89%)

09:56
07/17/19
07/17
09:56
07/17/19
09:56
Hot Stocks
Abbott says 'running as fast as we can in Europe' »

Says: Has paid down a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

KKR

KKR

$26.05

0.01 (0.04%)

09:55
07/17/19
07/17
09:55
07/17/19
09:55
Options
KKR put volume heavy and directionally bearish »

Bearish flow noted in KKR…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 25

    Jul

NCI

Navigant Consulting

$23.68

(0.00%)

09:55
07/17/19
07/17
09:55
07/17/19
09:55
Conference/Events
Senate Environment & Public Works Committee to hold a hearing »

The Senate Committee on…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

  • 19

    Sep

09:55
07/17/19
07/17
09:55
07/17/19
09:55
Conference/Events
House Transportation & Intrastructure Committee to hold a hearing »

The Subcommittee on…

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