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AAPL

Apple

$208.75

-0.35 (-0.17%)

07:40
09/03/19
09/03
07:40
09/03/19
07:40

Selling higher NAND configurations more meaningful to Apple profit, says Bernstein

Bernstein analyst A.M. Sacconaghi, Jr. estimates that Apple will generate $18B in revenues from upselling consumers to higher NAND configurations in 2019, contributing roughly 26% of total company operating profits. Profits from selling NAND will add an estimated 400 bps to overall company gross margins and about 600 bps to total product gross margins in the fiscal year, he adds. The analyst points out that selling higher configurations of NAND has become more meaningful to Apple's profits over time, and believes that the principal reason that NAND is such a large portion of the profit stream is that handset OEMs have increasingly shifted profits to add-ons in the spirit of keeping base prices competitive.

AAPL Apple
$208.75

-0.35 (-0.17%)

08/29/19
NOMU
08/29/19
NO CHANGE
Target $185
NOMU
Neutral
Nomura Instinet cautious into Apple's Q1, cuts estimates below consensus
Nomura Instinet analyst Jeffrey Kvaal believes many Apple investors are looking ahead to the 2020 5G iPhone launches. However, consensus fiscal Q1 iPhone estimates "may be optimistic" while the shape of the 5G cycle "remains uncertain," Kvaal tells investors in a research note titled "Before Embracing 5G, Mind F1Q." His U.S. and China checks indicate new iPhone demand "remains hushed." Soft demand and one-time fiscal Q4 tailwinds imply a "below-seasonal" Q1, contends the analyst. Kvaal lowered his fiscal 2020 earnings per share estimate for Apple to $12.55 from $12.98, below the consensus of $12.69. He keeps a Hold rating on Apple shares with a $185 price target.
08/29/19
BARD
08/29/19
NO CHANGE
Target $240
BARD
Outperform
Apple survey shows iPhone share still strong, says Baird
Baird analyst William Power said his semi-annual Apple survey shows the iPhone market share remains strong however demand remains muted. The analyst also said the device data continues to point to upgrade opportunities at some point and services remain solid overall. He also noted china remains a wildcard and potential risk. Power reiterated his Outperform rating and $240 price target on Apple shares.
09/03/19
WEDB
09/03/19
NO CHANGE
Target $245
WEDB
Outperform
Wedbush bullish on Apple ahead of iPhone 11 unveiling
Ahead of the unveiling of Apple iPhone 11s, Wedbush analyst Daniel Ives notes that with roughly 1/3 of the company's 900M active iPhones globally currently in a "window of an upgrade opportunity" over the next 12 to 18 months, he believes it could translate into about 180M iPhone units sold in 2020. Based on his recent Asia checks, the analyst thinks Apple's supply chain is planning on 75M units for the initial iPhone 11 launch period, which is a slight uptick versus its prior iPhone cycle last fall, and believes roughly 60M-70M Chinese consumers are due for an upgrade in the region which will be a key focus with the base iPhone 11 bringing enhanced memory, second back camera functionality, and a handful of other improvements. Ives is bullish into Apple's future heading into 2020 and beyond, and reiterates an Outperform rating and $245 price target on the shares.
09/03/19
LBOW
09/03/19
NO CHANGE
LBOW
Neutral
Longbow sees 19c-20c per share possible annual EPS hit to Apple from tariffs
Longbow analyst Shawn Harrison estimates that 35% of Apple's wearable, home, and accessory sales are in the U.S. and he sees the potential for a 19c-20c per share drag on annual EPS from the September 1 tariff implementation on imports from China, absent any change in Apple's pricing. However, the next round of tariffs, which would cover the iPhone, iPad, and MacBook, will likely drive a price increase since he estimates the EPS impact could exceed $1 per share, Harrison tells investors. He keeps a Neutral rating on Apple shares.

TODAY'S FREE FLY STORIES

ALDR

Alder Biopharmaceuticals

$18.50

8.45 (84.08%)

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

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XON

Intrexon

$6.86

0.44 (6.85%)

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

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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 »

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KTOV

Kitov Pharmaceuticals

$0.81

-0.003 (-0.37%)

16:37
09/16/19
09/16
16:37
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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
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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
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16:36
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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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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
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16:32
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16:32
Hot Stocks
Leidos awarded $428M ISR support services contract from U.S. Army »

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

Encompass Health…

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SEM

Select Medical

$16.97

0.01 (0.06%)

16:31
09/16/19
09/16
16:31
09/16/19
16:31
Initiation
Select Medical initiated  »

Select Medical initiated…

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AMED

Amedisys

$130.73

-2.13 (-1.60%)

16:31
09/16/19
09/16
16:31
09/16/19
16:31
Initiation
Amedisys initiated  »

Amedisys initiated with a…

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16:30
09/16/19
09/16
16:30
09/16/19
16:30
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
09/16/19
16:29
Initiation
CME Group initiated  »

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PBH

Prestige Brands

$34.97

-1.03 (-2.86%)

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

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CBOE

Cboe Global Markets

$110.75

-0.11 (-0.10%)

16:27
09/16/19
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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
09/16/19
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
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16:25
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16:25
Conference/Events
Curo Group management to meet with Jefferies »

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ICE

IntercontinentalExchange

$91.88

1.05 (1.16%)

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

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CME

CME Group

$207.01

1.26 (0.61%)

16:23
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16:23
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16:23
Conference/Events
CME Group management to meet with Jefferies »

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USB

U.S. Bancorp

$55.86

-0.21 (-0.37%)

16:23
09/16/19
09/16
16:23
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16:23
Hot Stocks
U.S. Bancorp director David O'Maley sells over $565K in shares of company stock »

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FDX

FedEx

$173.64

-0.49 (-0.28%)

16:22
09/16/19
09/16
16:22
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16:22
Hot Stocks
FedEx to increase shipping rates, surcharges in January 2020 »

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FDX

FedEx

$173.64

-0.49 (-0.28%)

16:21
09/16/19
09/16
16:21
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16:21
Hot Stocks
FedEx announces no additional residential surcharges for holiday season »

FedEx Corp. announced…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/16/19
09/16
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for September 16th »

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