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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 08:41 EDT
SunTrust analyst Youssef Squali lowered his price target on Match Group (MTCH) to $92 after its "mixed" Q4 results, with slowing top line momentum but an "increased" margin profile". The analyst notes that Tinder was again a source of strength, but the release of iOS 13 by Apple (AAPL) in October and its forced adoption in December increased cancellations and churn. Squali still keeps his Buy rating on the stock and sees the pullback in price as a buying opportunity.
News For MTCH;AAPL From the Last 2 Days
Oct 23, 2020 | 16:25 EDT
U.S. Magistrate Judge Laurel Beeler in San Francisco dismissed a Justice Department request to reverse her ruling blocking the government from barring Apple (AAPL) and Alphabet's (GOOGL) Google from offering Tencent's (TCEHY) WeChat for download in U.S. app stores, Reuters' David Shepardson reports. The judge had said at a hearing last week that she did not believe the DOJ's filing "changes the outcome" of her decision that allows the continued use of the Chinese mobile app, the author notes. Reference Link
Oct 23, 2020 | 16:02 EDT
Apple options lead single stocks ahead of big earnings week. Apple shares heading into the close down 82c, or .7%, near $115 with option traders focused on next week, when earnings will be released by 6 of the top ten single stocks- starting with Microsft and AMD on Tuesday, Boeing Weds, and super-Thursday with Apple, Amazon an Facebook all after the close. Of these names, FB and AMD are priced for the largest moves, near 7%, while AMZN and AAPL imply near 5%, and Microsoft under 3%, in line with historical performance.
Oct 23, 2020 | 09:33 EDT
Compared with last year's iPhone 11 line from Apple, the iPhone 12 line is showing strong demand in China, Minghe Hu and Yujie Xue of South China Morning Post report. There were between 7M and 9M pre-orders of the iPhone 12 and iPhone 12 Pro globally during the first weekend of sales, according to Kuo, the reporters says. Global pre-orders were at least twice as high in the first 24 hours compared with the iPhone 11 last year, they add. Reference Link