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Fly News Breaks for September 13, 2017
Sep 13, 2017 | 07:16 EDT
Stifel analyst Patrick Newton noted that AP reported yesterday that the President of Samsung's (SSNLF) mobile business said the company could release its anticipated foldable smartphone as soon as next year. Such a potential launch, and likely broader adoption of the technology by peers, is a potential long-term catalyst for Coherent (COHR) and other such equipment suppliers whose revenues are linearly correlated with total screen area, he tells investors. Also, higher resolution OLED displays, like the one confirmed yesterday for Apple's (AAPL) iPhone X, are a positive for Coherent's future recurring revenue from laser discharge units, added Newton, who keeps a Buy rating on Coherent shares.
News For COHR;SSNLF;AAPL From the Last 2 Days
Nov 21, 2017 | 13:58 EDT
The U.S. International Trade Commission has called for a tariff-rate quota on imported Samsung (SSNLF) and LG washers after Whirlpool (WHR) urged the imposition of "global safeguard" limits on its rivals, according to Reuters. The commission recommended an additional tariff rate of 50% on the imported washers, with President Trump expected to make a decision next year, the report noted. In afternoon trading, shares of Whirlpool have gained about 1.5% to $167.44. Reference Link
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