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AAPL

Apple

$217.25

3.49 (1.63%)

08:47
09/11/19
09/11
08:47
09/11/19
08:47

Apple iPhone replacement cycle continues to extend, says Credit Suisse

After Apple's September Special Event, Credit Suisse analyst Matthew Cabral says the event featured only incremental iPhone enhancements, with triple camera the biggest addition year over year. As a result, the analyst thinks the replacement cycle continues to extend ahead of 5G coming in the second half of 2020. The two biggest surprises for him were the $699 price point for iPhone 11, as Apple reverses the steady upward march of ASPs over the past few years, and very attractive pricing for TV+, a move that suggests Apple may be more focused on seeding the subscriber base for the long-term rather than maximizing near-term profitability on the offering, particularly when factoring in the free year for device purchasers. Cabral expects the stock to remain range-bound near-term as another lackluster iPhone cycle and the ongoing overhang from the U.S./China trade dispute remain on the front burner. He reiterates a Neutral rating and $209 price target on the shares.

AAPL Apple
$217.25

3.49 (1.63%)

09/11/19
BERN
09/11/19
NO CHANGE
BERN
Apple TV+/hardware bundle with low price 'extremely clever,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. views Apple's (AAPL) decision to bundle a year of Apple TV+ with Apple hardware - and offer a low subscription price post-trial - as "extremely clever," as it will now potentially reach 200M-plus Apple customers in its first year of existence. Even if only a fraction of those customers converts to paid subscriptions after 12 months - which at only $5 per month increases the odds of conversion - Apple TV+ could accumulate tens of millions of paid subscriptions by the end of 2020 - potential making it larger than Disney+ (DIS), he contends.
09/11/19
OPCO
09/11/19
NO CHANGE
OPCO
Perform
Oppenheimer saw 'no surprise' at Apple's September Special Event
Oppenheimer analyst Andrew Uerkwitz says he saw "no surprise" at Apple's September Special Event as new Apple Watch Series 5 boosts company's dominance in consumer smart watch category, new iPhones try to appeal to users by going back to the basics - lower price, more computing power, and better cameras -, while Apple Arcade and Apple TV+ pricing seem competitive, but their relative value and user retention potential are "dubious at best" when compared to competing service offerings. The analyst reiterates a Perform rating on the shares.
09/11/19
BOFA
09/11/19
NO CHANGE
Target $250
BOFA
Buy
Apple price target raised to $250 from $240 at BofA/Merrill
BofA/Merrill analyst Wamsi Mohan raised his price target for Apple to $250 from $240 and reiterated a Buy rating after attending the company's 2019 iPhone launch event on Tuesday. In a research note to investors, Mohan says he views the lower price and extended range of pricing with a "very compelling" iPhone 8 starting price of $449 as means to drive higher unit share but also maintaining its lead at the very high end with attractive Pro models, and says pricing for services was "even more compelling" for Arcade. Mohan expects the near-term headwind to services margin to abate.
09/11/19
WEDB
09/11/19
NO CHANGE
Target $245
WEDB
Outperform
Special event 'a positive growth catalyst' for Apple going forward, says Wedbush
Following the highly anticipated Apple (AAPL) Special Event, Wedbush analyst Daniel Ives notes that the company unveiled its trifecta of new iPhones, next generation iPad and Apple Watch coupled with the pricing for Apple TV+ of $4.99 per month and the launch date of November 1. The pricing of Apple's streaming TV service at $4.99 per month is a "show stopper" and a "major shot across the bow" at the likes of Netflix (NFLX) and Disney (DIS), among others, he contends. The analyst also notes with Apple caught in the crossfire on the U.S./China trade battle over the last six months, the company is highly anticipating this iPhone 11 slate of smartphones to stimulate demand especially in the key China region. Ives reiterates an Outperform rating and $245 price target on the shares as he views the event as a "positive growth catalyst for Cupertino going forward."

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NTRS

Northern Trust

$96.36

0.17 (0.18%)

16:31
09/18/19
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16:31
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16:31
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Northern Trust CFO S. Biff Bowman to step down »

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X

U.S. Steel

$12.45

-0.51 (-3.94%)

16:31
09/18/19
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16:31
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16:31
Hot Stocks
U.S. Steel sees Q3 adj. EBITDA to be approximately $115M »

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  • 23

    Sep

WHR

Whirlpool

$149.06

-3.09 (-2.03%)

16:31
09/18/19
09/18
16:31
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16:31
Hot Stocks
Whirlpool expects to incur about $127M in costs related to Italy plant sale »

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  • 23

    Oct

16:30
09/18/19
09/18
16:30
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Options
Preliminary option volume of 21.0M today »

Preliminary option volume…

PAA

Plains All American

$21.87

-0.315 (-1.42%)

, PAGP

Plains GP Holdings

$22.45

-0.41 (-1.79%)

16:30
09/18/19
09/18
16:30
09/18/19
16:30
Syndicate
Plains All American, Plains GP Holdings announce concurrent secondary offerings »

Plains All American…

PAA

Plains All American

$21.87

-0.315 (-1.42%)

PAGP

Plains GP Holdings

$22.45

-0.41 (-1.79%)

OXY

Occidental Petroleum

$44.59

-0.56 (-1.24%)

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  • 02

    Oct

  • 05

    Nov

CBPO

China Biologic

$103.24

0.42 (0.41%)

16:30
09/18/19
09/18
16:30
09/18/19
16:30
Hot Stocks
Breaking Hot Stocks news story on China Biologic »

China Biologic trading…

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LYV

Live Nation

$68.05

-1.83 (-2.62%)

16:29
09/18/19
09/18
16:29
09/18/19
16:29
Syndicate
Breaking Syndicate news story on Live Nation »

Live Nation files to sell…

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  • 18

    Sep

KRC

Kilroy Realty

$77.86

0.36 (0.46%)

16:28
09/18/19
09/18
16:28
09/18/19
16:28
Syndicate
Breaking Syndicate news story on Kilroy Realty »

Kilroy Realty files…

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X

U.S. Steel

$12.45

-0.51 (-3.94%)

16:25
09/18/19
09/18
16:25
09/18/19
16:25
Earnings
U.S. Steel sees Q3 EPS (35c), consensus (7c) »

U.S. Steel sees…

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  • 23

    Sep

ARES

Ares Management

$30.82

0.15 (0.49%)

16:25
09/18/19
09/18
16:25
09/18/19
16:25
Syndicate
Ares Management files to sell 7M shares of Class A common stock »

Goldman Sachs & Co.…

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X

U.S. Steel

$12.45

-0.51 (-3.94%)

16:25
09/18/19
09/18
16:25
09/18/19
16:25
Earnings
U.S. Steel sees Q3 EPS (35c), consensus (7c) »

Sees Q3 adjusted EBITDA…

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  • 23

    Sep

APTS

Preferred Apartment

$14.28

-0.24 (-1.65%)

16:23
09/18/19
09/18
16:23
09/18/19
16:23
Hot Stocks
Preferred Apartment acquires 218-unit multifamily community in Tampa, Florida »

Preferred Apartment…

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SVRA

Savara

$2.49

-0.14 (-5.32%)

16:20
09/18/19
09/18
16:20
09/18/19
16:20
Hot Stocks
Savara to present additional Molgradex data at ERS »

Savara announced that…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/18/19
09/18
16:20
09/18/19
16:20
Options
Closing CBOE SPX and VIX Index summary for September 18th »

The CBOE Volatility Index…

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16:20
09/18/19
09/18
16:20
09/18/19
16:20
General news
More division on the FOMC amid myriad uncertainties »

More division on the FOMC…

BA

Boeing

$386.31

1.7 (0.44%)

16:17
09/18/19
09/18
16:17
09/18/19
16:17
Periodicals
FAA head says won't unground 737 MAX until he flies it himself, CNBC says »

Federal Aviation…

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  • 02

    Oct

TNDM

TNDM

16:17
09/18/19
09/18
16:17
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16:17
Hot Stocks
Tandem Diabetes says published results of t:slim X2 pump show reduced events »

Tandem Diabetes announced…

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  • 19

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
09/18/19
09/18
16:17
09/18/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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HCP

HCP

$34.94

-0.18 (-0.51%)

16:16
09/18/19
09/18
16:16
09/18/19
16:16
Hot Stocks
HCP announces $1B commercial paper note program »

HCP announced that it…

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KEY

KeyCorp

$18.22

0.09 (0.50%)

16:16
09/18/19
09/18
16:16
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16:16
Hot Stocks
KeyCorp lowers prime lending rate to 5.00% »

KeyCorp and its banking…

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  • 17

    Oct

FBM

Foundation Building Materials

$18.92

0.03 (0.16%)

16:16
09/18/19
09/18
16:16
09/18/19
16:16
Syndicate
Foundation Building Materials files to sell 4.75M shares of common stock »

BofA Merrill Lynch and…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
09/18/19
09/18
16:16
09/18/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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PLAY

Dave & Buster's

$40.75

0.23 (0.57%)

16:15
09/18/19
09/18
16:15
09/18/19
16:15
Initiation
Dave & Buster's initiated  »

Dave & Buster's…

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PRVB

Provention Bio

$9.67

0.3 (3.20%)

16:14
09/18/19
09/18
16:14
09/18/19
16:14
Syndicate
Provention Bio files to sell common stock, no amount given »

SVB Leerink and Cantor…

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  • 02

    Oct

COST

Costco

$292.37

0.86 (0.30%)

16:13
09/18/19
09/18
16:13
09/18/19
16:13
Downgrade
Costco rating change  »

Costco downgraded to…

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  • 03

    Oct

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