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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
Feb 28, 2020 | 08:55 EST
Thursday's total option volume of 43.9 million contracts resulted in net open interest growth of 5.26 million calls and 5.69 million puts. Ford (F), Bank of America (BAC), Apple (AAPL) and Advanced Micro (AMD) saw the greatest growth. Top five new positions opened include 60k Pure Storage (PSTG) Mar-20 12.5 puts, 60k Ford (F) Sep-20 5 puts, 59k Ford (F) Sep-20 9 calls, 55k Macy's (M) Mar-20 11 puts and 35k Sally Beauty (SBH) Mar-20 12.5 puts.
Feb 27, 2020 | 17:41 EDT
Coronavirus fears continue to grip the market as cases in California, aggressive response measures in countries outside of the U. S... To see the rest of the story go to See Story Here
Feb 27, 2020 | 12:19 EDT
Stocks are extending the pullback that has taken the S&P from a record high to a correction in a matter of only ten days as headlines about the coronavirus continue to dominate sentiment. In some the... To see the rest of the story go to See Story Here
Feb 27, 2020 | 08:43 EST
Morgan Stanley analyst Adam Jonas said many investors he has spoken to have a difficult time thinking about how Tesla (TSLA) can maintain, if not grow, its already "very high" market share in battery electric vehicles, which are concerns that he views as valid. He sees the potential for some traditional OEMs to do the bulk of the tech development and manufacturing in-house for the majority of their EVs, but also sees potential for Tesla to play the role of third party BEV powertrain supplier to competing automakers. He also outlines the potential of a "non-Tesla tech consortium," given the "significant and growing interest" shown by the likes of Apple (AAPL) and Alphabet (GOOGL) in exploring commercial opportunities in the global auto market. Jonas, who sees "several opportunities" for legacy automakers to take increasing share of the battery electric vehicle market, keeps an Underweight rating and $500 price target on Tesla shares.
Feb 27, 2020 | 08:06 EST
Apple has lost two veteran execs from manufacturing, supply chain, and operations groups who had key roles in the production of major devices, Bloomberg's Mark Gurman reports. According to people familiar with the matter, Nick Forlenza, a VP of manufacturing design, has retired from Apple, while Duco Pasmooij, another VP who worked on operations, is discussing an exit in the near future. Reference Link