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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 09:35 EDT
Loop Capital analyst Cody Acree raised his price target on Skyworks (SWKS) to $140 and kept his Buy rating after its "solid" Q1 results. The analyst says the company's Sky5 platform has been "well received" with design wins coming from Xiaomi, Vivo, Oppo, and Samsung (SSNLF), adding that it also appears to be taking market share and is well positioned ahead of Apple's (AAPL) 5G handset iterations later this year. Acree adds that after a 44% year-to-date run-up, the decline in the stock price after the results reflects "sell the news" flows.
News For SWKS;AAPL;SSNLF From the Last 2 Days
May 20, 2022 | 08:55 EDT
Thursday's total option volume of 39.6 million contracts resulted in net open interest growth of 4.77 million calls and 3.75 million puts. (JD), Apple (AAPL), Cisco (CSCO) and Citi (C) saw the greatest growth. Top five new positions opened include 39k CSX (CSX) 5/27 weekly 29 calls, 26k Citi (C) Jul-22 47.5 puts, 25k Citi (C) Jul-22 47.5 calls, 25k Apple (AAPL) May-22 140 calls and 24k (JD) Jan-23 83.76 calls.
May 20, 2022 | 16:31 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to See Story Here
May 19, 2022 | 07:08 EDT
BofA analyst Wamsi Mohan lowered the firm's price target on Apple to $200 from $215 as he applies a lower multiple on increased macro and supply chain headwinds and keeps a Buy rating on the shares. Mohan views the installed base as a key indicator of the potential of Apple's ecosystem and notes that the overall base has grown to over 1.8B units. In that context, Mohan said his installed base analysis indicates his prior iPhone estimates may be too conservative and he raised his FY23 and FY24 iPhone unit estimates from to 237M and 230M, respectively.