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Fly News Breaks for June 19, 2019
AAPL
Jun 19, 2019 | 21:22 EDT
Deutsche Bank started Apple with a Hold rating and $205 price target.
News For AAPL From the Last 2 Days
AAPL
Jul 23, 2019 | 16:31 EDT
Stocks were mostly higher from the outset following a number of positive quarterly reports, most notably the beat and raise from Coca-Cola (KO). However, they cemented... To see the rest of the story go to thefly.com. See Story Here
AAPL
Jul 23, 2019 | 13:21 EDT
Apple has asked the White House to exclude components that make up the upcoming Mac Pro high-end desktop computer from import tariffs, weeks after planning to shift production of the line to China from Texas, Bloomberg's Mark Niquette and Mark Gurman report. The U.S. tech giant wants relief from duties of 25% on key Mac Pro parts and accessories that go with it, the authors say, citing filings with the Office of the U.S. Trade Representative. While the documents don't specifically mention the forthcoming desktop computer, the features and dimensions listed by Apple in the filing closely resemble the product, the authors note. Reference Link
AAPL
Jul 23, 2019 | 12:42 EDT
Stocks are mixed at midday, as better than expected results from Coke are helping the Dow and the Nasdaq is slightly lower. The focus of... To see the rest of the story go to thefly.com. See Story Here
AAPL
Jul 23, 2019 | 10:20 EDT
Shares of Qualcomm (QCOM) are under pressure on Tuesday following a media report saying Apple (AAPL) is in advanced talks to acquire Intel's (INTC) smartphone modem chip business for about $1B. Commenting on the... To see the rest of the story go to thefly.com. See Story Here
AAPL
Jul 23, 2019 | 08:55 EDT
Monday's total option volume of 15.8 million contracts resulted in net open interest growth of 3.25 million calls and 3.35 million puts. AT&T (T), Apple (AAPL), Facebook (FB) and Netflix (NFLX) saw the greatest growth. Top five new positions opened include 45k AT&T (T) Aug-19 31 puts, 25k Bank of America (BAC) 7/26 weekly 29.5 calls, 22k PulteGroup (PHM) 8/2 weekly 35 calls, 21k AT&T (T) Oct-19 34 calls and 20k Apple (AAPL) 8/2 weekly 195 puts.
AAPL
Jul 23, 2019 | 08:19 EDT
Bernstein analyst Stacy Rasgon notes that The Wall Street Journal reported that Intel (INTC) was in advanced talks to sell its smartphone modem business to Apple (AAPL), with the article suggesting that the latter could pay "$1B or more" for patents and staff. If true, while it may help sentiment momentarily this should not be a surprise, the analyst contends, adding that Intel has been vocal about its plans to exit the business, and Apple is the most natural buyer.
AAPL
Jul 23, 2019 | 08:09 EDT
Wedbush analyst Daniel Ives notes that it was reported that Apple (AAPL) is in advanced talks to buy Intel's (INTC) Smartphone Modem Chip Business for about $1B. For Apple, this would be a clear "doubling down" on 5G which remains at the centerpiece of the company's smartphone future with these chip assets giving Apple further control over its supply chain and core chip design, he contends. Ives believes it was largely anticipated that Intel would sell off its modem business, and while the speculated $1B is below the "few billions" that were initially contemplated, the analyst believes the stock's positive response to this news is a sign that investors are just happy Intel found a buyer. Further, he believes this divestiture could benefit 2020 profitability, but does not really shift his view of Intel's valuation as the impact on EV/S is less favorable with the stock already trading at the high end of a longer- term range and his model had not specifically contemplated a negative impact of winding down this business in 2020.
AAPL
Jul 23, 2019 | 07:10 EDT
Ahead of quarterly results, KeyBanc analyst Andy Hargreaves views Apple as fully valued at current levels and sees little to drive significant upside to profit expectations. Buybacks and solid free cash flow may continue to support the shares, he adds. The analyst has a Sector Weight rating on the shares.
AAPL
Jul 23, 2019 | 05:59 EDT
If Intel (INTC) were to sell its modem business to Apple (AAPL) as reported last night by the Wall Street Journal, it would be an incremental positive for the company, Deutsche Bank analyst Ross Seymore tells investors in a research note. For (QCOM), such a deal would be an incremental negative, adds the analyst, saying it would create a "latent risk" of a design-out. For Apple, the acquisition would have a largely neutral impact to the stock, contends Seymore.
AAPL
Jul 22, 2019 | 12:02 EDT
Stocks were mixed at midday as technology shares got a boost from analysts' positive commentary on the likes of Apple (AAPL) and Micron Technology (MU) ahead of earnings. Outside of earnings... To see the rest of the story go to thefly.com. See Story Here
AAPL
Jul 22, 2019 | 11:45 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GOLDMAN BOOSTS MICRON... To see the rest of the story go to thefly.com. See Story Here
AAPL
Jul 22, 2019 | 07:24 EDT
Bernstein analyst A.M. Sacconaghi, Jr. notes that historically, Apple's Q3 results have meant relatively little to investors, whose focus by this time had typically shifted to next year's iPhone cycle. Following Apple's volatile 2019, however, the analyst would argue that Q3 results will likely matter more than usual, as they could shed further light on the iPhone's health in China, price elasticity of iPhone sales, and/or any contraction or further elongation of iPhone replacement cycles. For Q3, he expects Apple to report in-line revenues and EPS, and is slightly below the Street on Services revenues.