Information Provided By:
Fly News Breaks for May 22, 2019
AAPL, QCOM
May 22, 2019 | 13:49 EDT
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.
News For QCOM;AAPL From the Last 2 Days
AAPL
Jun 25, 2019 | 07:31 EDT
Oppenheimer analyst Jed Kelly hosted an Investor call with Meet Group's management team, where the latter pushed back on a recent short report by conveying its commitment to investing in content moderation that is quickly removing any bad actors from its platform to create a safe environment for its user community that is in line with Apple (AAPL) and Google (GOOG) Play's App stores requirements. The analyst believes Meet Group will be able to navigate through recent content moderation noise, and remains a buyer on his view that upcoming results will exhibit "solid execution" on pivot to video to improve sentiment and generate multiple expansion. He has an Outperform rating and $7 price target on the shares.
AAPL
Jun 24, 2019 | 17:53 EDT
Seattle mayor Jenny A. Durkan issued the following statement in support of Apple's announcement of a Seattle expansion: "These new jobs confirm what we already knew, we have the best talent and city anywhere. Apple's expanded footprint in Seattle is another example of the growing opportunity that exists for residents of Seattle and the economic powerhouse our City has become. Yet we know that as Seattle continues to grow, we must act urgently to address the pressures that follow - from tackling affordability to new affordable housing to increasing transit. By next year, an estimated 70% of jobs in Washington State will require some sort of post-secondary credential. It is my top priority that our kids growing up in Seattle today are prepared to fill the great engineering and computer science jobs that Apple announced today. That's why we created the Seattle Promise and the Opportunity Promise - so our youth are connected with resources and put on a path to the good paying jobs of Seattle's future." Apple will add an additional 2,000 employees in the City of Seattle over the next 5 years, the office of the mayor said.
AAPL
Jun 24, 2019 | 13:46 EDT
Evercore ISI analyst Kevin Rippey downgraded Spotify (SPOT) to Underperform, a sell-equivalent rating, as he believes the recent rally in the stock reflects an "overly optimistic view" as to the trajectory of gross margins and potential label negotiations outcomes. Moreover, the analyst... To see the rest of the story go to thefly.com. See Story Here