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AAPL

Apple

$179.67

-2.94 (-1.61%)

07:12
05/24/19
05/24
07:12
05/24/19
07:12

Apple, iPhones shouldn't feel brunt of tariffs, says Wedbush

Wedbush analyst Daniel Ives told investors in a research note that for a company that employs over 1M Chinese workers with its flagship Foxconn (HNHPF) factory and is a major player within the China technology ecosystem, from a supply chain perspective, Apple (AAPL) should not have "major roadblocks" despite the "noise" from the U.S.-China trade battle. Ultimately, Ives says he believes the likelihood is low that Apple and its iPhones feel the burden of the tariffs given its strategic importance domestically as well as CEO Tim Cook's ability to navigate these issues in the past with U.S. President Trump. The analyst maintains an Outperform rating and $235 price target on Apple shares.

  • 03

    Jun

AAPL Apple
$179.67

-2.94 (-1.61%)

05/21/19
FBCO
05/21/19
NO CHANGE
Target $209
FBCO
Neutral
Recent actions elevated near-term risks for Apple in China, says Credit Suisse
Credit Suisse analyst Matthew Cabral notes that three recent actions have elevated the near-term risks for Apple in China, namely the Trump administration's tariff increase on $200B of Chinese exports, the USTR listing of an additional $300B in Chinese exports that could be subject to future tariffs, and the U.S. Department of Commerce adding Huawei to its "Entity List." While Apple's products largely fall outside the scope of current U.S. tariffs on Chinese goods, the analyst is more concerned with potential "second derivative" impacts on local demand and implications of a further escalation from here. Further, he sees a potential impact to margins and/or unit sales if the administration moves forward with tariffs on the additional $300B of Chinese exports and sees increased risk of retaliation following the recent addition of Huawei to the "Entity List." Cabral reiterates a Neutral rating and $209 price target on the shares.
05/22/19
MSCO
05/22/19
NO CHANGE
Target $95
MSCO
Overweight
Qualcomm headlines read worse than 'likely reality,' says Morgan Stanley
U.S. district court judge Lucy Koh's ruling in favor of the U.S. Federal Trade Commission in its case against Qualcomm (QCOM) "may appear daunting," but it is unlikely to change the reality for the company, argues Morgan Stanley analyst James Faucette, who views today's selloff as a buying opportunity. The FTC case focused on standard essential patents, but all of Qualcomm's agreements outside of China, including its recent agreement with Apple (AAPL), bundle SEP and non-SEP together, according to Faucett, who added that Qualcomm "has full pricing power over" non-SEP pacts. Also, Koh's ruling is similar to findings in Taiwan and Korea and he believes Qualcomm was able to adjust its licensing agreements in those countries to be consistent with local rulings, Faucette tells investors. The analyst, who thinks the "headlines read more negatively than they should," keeps an Overweight rating and $95 price target on Qualcomm shares.
05/23/19
ADAM
05/23/19
NO CHANGE
Target $90
ADAM
Buy
Qualcomm price target lowered to $90 from $105 at Canaccord
Canaccord analyst T. Michael Walkley lowered his price target for Qualcomm (QCOM) to $90 from $105, saying the recent court decision ruling in favor of the FTC that Qualcomm was in violation of antitrust law with respect to its lawsuit filed in 2017 creates uncertainty for the long-term QTL business. While it is difficult to determine the timing of a potential stay and how Qualcomm will renegotiate licensing deals, Walkley tells investors in a research note that he believes the recent agreement with Apple (AAPL) is binding despite the judge's ruling and notes this ruling covers standard essential patents and many of Qualcomm's licensing deals cover Qualcomm's entire patent portfolio. The analyst maintains a Buy rating, despite the ruling creating increased uncertainty on Qualcomm's future royalty rates, ability to collect if customers decide to stop paying during a potential required renegotiation, and scope of changes potentially made to its global licensing agreements.
05/23/19
BERN
05/23/19
NO CHANGE
BERN
Apple Services likely to decelerate to less than 10% growth, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. notes that besides iPhone replacement cycles, he considers the second biggest controversy around Apple's stock to be the long-term sustainability of growth in Services. Given that Apple's installed base should be relatively flat going forward, Services growth will likely depend entirely on additional ARPU expansion, whether through new offerings or increased monetization of existing businesses, he contends. His simple illustrative forecast suggests that Apple's existing Services businesses are likely to decelerate to perhaps less than 10% growth within 3-4 years. Therefore, for Services to buoy the rest of the company, it remains imperative for Apple to successfully ramp new Services, Sacconaghi adds.

TODAY'S FREE FLY STORIES

PCMI

PCM, Inc.

$34.89

10.54 (43.29%)

, NSIT

Insight Enterprises

$55.92

-0.27 (-0.48%)

07:50
06/25/19
06/25
07:50
06/25/19
07:50
Downgrade
PCM, Inc., Insight Enterprises rating change  »

PCM, Inc. downgraded to…

PCMI

PCM, Inc.

$34.89

10.54 (43.29%)

NSIT

Insight Enterprises

$55.92

-0.27 (-0.48%)

03/08/13
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ERI

Eldorado Resorts

$45.86

-5.36 (-10.46%)

, CZR

Caesars

$11.43

1.44 (14.41%)

07:50
06/25/19
06/25
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06/25/19
07:50
Upgrade
Eldorado Resorts, Caesars rating change  »

Eldorado Resorts upgraded…

ERI

Eldorado Resorts

$45.86

-5.36 (-10.46%)

CZR

Caesars

$11.43

1.44 (14.41%)

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07:50
06/25/19
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07:50
General news
Oil Action: WTI crude »

Oil Action: WTI crude…

CSCO

Cisco

$57.20

0.17 (0.30%)

07:49
06/25/19
06/25
07:49
06/25/19
07:49
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Cisco analyst commentary  »

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JEC

Jacobs Engineering

$81.91

-0.47 (-0.57%)

07:47
06/25/19
06/25
07:47
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07:47
Hot Stocks
Jacobs Engineering selected by Sepco for maritime project in Saudi Arabia »

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PBTS

Powerbridge

$3.15

-0.14 (-4.26%)

07:45
06/25/19
06/25
07:45
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07:45
Hot Stocks
Powerbridge launches blockchain cross border compliance platform »

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  • 25

    Sep

TGE

Tallgrass Energy

$20.96

-0.065 (-0.31%)

, BX

Blackstone

$44.37

-0.68 (-1.51%)

07:45
06/25/19
06/25
07:45
06/25/19
07:45
Initiation
Tallgrass Energy , Blackstone initiated  »

Tallgrass Energy…

TGE

Tallgrass Energy

$20.96

-0.065 (-0.31%)

BX

Blackstone

$44.37

-0.68 (-1.51%)

03/08/13
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DPZ

Domino's Pizza

$274.74

-5.355 (-1.91%)

07:45
06/25/19
06/25
07:45
06/25/19
07:45
Initiation
Domino's Pizza initiated  »

Credit Suisse bullish on…

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  • 16

    Jul

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    Nov

SHSP

SharpSpring

$12.81

-0.03 (-0.23%)

07:42
06/25/19
06/25
07:42
06/25/19
07:42
Initiation
SharpSpring initiated  »

SharpSpring initiated…

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  • 12

    Sep

CAMP

CalAmp

$10.14

0.09 (0.90%)

07:42
06/25/19
06/25
07:42
06/25/19
07:42
Hot Stocks
CalAmp and Dogo Informatique announce partnership in Mexico »

CalAmp and Dogo…

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  • 27

    Jun

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    Jul

SAVA

Cassava Sciences

$1.34

0.095 (7.66%)

07:40
06/25/19
06/25
07:40
06/25/19
07:40
Initiation
Cassava Sciences initiated  »

Cassava Sciences…

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  • 26

    Jun

HLNE

Hamilton Lane

$55.53

-1.23 (-2.17%)

07:40
06/25/19
06/25
07:40
06/25/19
07:40
Initiation
Hamilton Lane initiated  »

Hamilton Lane initiated…

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  • 26

    Sep

07:40
06/25/19
06/25
07:40
06/25/19
07:40
General news
Treasury Market Outlook: yields are down slightly »

Treasury Market Outlook:…

CZR

Caesars

$11.43

1.44 (14.41%)

, ERI

Eldorado Resorts

$45.86

-5.36 (-10.46%)

07:38
06/25/19
06/25
07:38
06/25/19
07:38
Downgrade
Caesars, Eldorado Resorts rating change  »

Caesars downgraded to…

CZR

Caesars

$11.43

1.44 (14.41%)

ERI

Eldorado Resorts

$45.86

-5.36 (-10.46%)

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

    Jun

  • 02

    Jul

AKRX

Akorn

$4.71

-0.06 (-1.26%)

07:38
06/25/19
06/25
07:38
06/25/19
07:38
Hot Stocks
Akorn receives warning letter from FDA for New Jersey facility inspection »

Akorn announced that it…

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SBH

Sally Beauty

$12.30

-2.49 (-16.84%)

, AMZN

Amazon.com

$1,913.43

3.01 (0.16%)

07:37
06/25/19
06/25
07:37
06/25/19
07:37
Recommendations
Sally Beauty, Amazon.com, Ulta Beauty, Estee Lauder analyst commentary at Oppenheimer »

Amazon entrance to likely…

SBH

Sally Beauty

$12.30

-2.49 (-16.84%)

AMZN

Amazon.com

$1,913.43

3.01 (0.16%)

ULTA

Ulta Beauty

$346.52

-9.25 (-2.60%)

EL

Estee Lauder

$183.95

2.65 (1.46%)

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

    Jun

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  • 19

    Aug

  • 29

    Aug

SBH

Sally Beauty

$12.30

-2.49 (-16.84%)

, AMZN

Amazon.com

$1,913.43

3.01 (0.16%)

07:35
06/25/19
06/25
07:35
06/25/19
07:35
Recommendations
Sally Beauty, Amazon.com analyst commentary  »

Sally Beauty price target…

SBH

Sally Beauty

$12.30

-2.49 (-16.84%)

AMZN

Amazon.com

$1,913.43

3.01 (0.16%)

03/08/13
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  • 25

    Jun

  • 10

    Jul

FB

Facebook

$192.56

1.4 (0.73%)

, CZR

Caesars

$11.43

1.44 (14.41%)

07:35
06/25/19
06/25
07:35
06/25/19
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

FB

Facebook

$192.56

1.4 (0.73%)

CZR

Caesars

$11.43

1.44 (14.41%)

D

Dominion

$79.22

0.88 (1.12%)

MNK

Mallinckrodt

$8.42

-0.54 (-6.03%)

NCLH

Norwegian Cruise Line

$50.84

-0.29 (-0.57%)

KPTI

Karyopharm

$6.35

-0.085 (-1.32%)

LAUR

Laureate Education

$15.00

-0.365 (-2.38%)

03/08/13
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  • 25

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  • 16

    Jul

PCRX

Pacira

$43.14

-0.82 (-1.87%)

07:34
06/25/19
06/25
07:34
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07:34
Hot Stocks
Pacira announces EMA validation for Exparel MAA »

Pacira announced that the…

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PLYA

Playa Hotels & Resorts

$7.40

-0.33 (-4.27%)

07:34
06/25/19
06/25
07:34
06/25/19
07:34
Recommendations
Playa Hotels & Resorts analyst commentary  »

Deutsche Bank closes out…

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ALDX

Aldeyra

$7.08

-0.29 (-3.93%)

07:33
06/25/19
06/25
07:33
06/25/19
07:33
Conference/Events
Aldeyra to host conference call »

Conference call to…

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BPMX

BioPharmX

$0.85

-0.0563 (-6.22%)

07:31
06/25/19
06/25
07:31
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07:31
Hot Stocks
BioPharmX announces results from Phase 2b clinical trial of BPX-041 »

BioPharmX announced…

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  • 10

    Jul

MEET

Meet Group

$3.31

-0.265 (-7.42%)

, AAPL

Apple

$198.60

-0.17 (-0.09%)

07:31
06/25/19
06/25
07:31
06/25/19
07:31
Recommendations
Meet Group, Apple, Alphabet, Alphabet Class A analyst commentary at Oppenheimer »

Meet Group should be able…

MEET

Meet Group

$3.31

-0.265 (-7.42%)

AAPL

Apple

$198.60

-0.17 (-0.09%)

GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

03/08/13
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  • 09

    Jul

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    Oct

AKRX

Akorn

$4.71

-0.06 (-1.26%)

07:30
06/25/19
06/25
07:30
06/25/19
07:30
Hot Stocks
Breaking Hot Stocks news story on Akorn »

Akorn trading halted,…

03/08/13
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KRYS

Krystal Biotech

$41.15

11.87 (40.54%)

07:30
06/25/19
06/25
07:30
06/25/19
07:30
Recommendations
Krystal Biotech analyst commentary  »

Krystal Biotech price…

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  • 25

    Jun

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