New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 30, 2014
13:06 EDTCHL, CHA, AAPLApple seen adding carriers, facing headwinds from Chinese rules
Three research firms issued notes on Apple (AAPL) today, with Wells Fargo reporting that more carriers are selling the company's iPhone and Goldman Sachs raising its price target on the tech giant. UBS, however, wrote that initiatives in China could slow the company's momentum there. WHAT'S NEW: The number of carriers that offer Apple's iPhone has been steadily increasing, with seven new carriers adding the device since April, Wells Fargo wrote. Apple appears to have been more aggressively looking to add new carriers in the last six months, the firm added. This development could help Apple sell more iPhones this year, added Wells, which increased its price target range on Apple to $595-$640 from $515-$585. However, the firm thinks the stock's potential gains may be limited and its multiple may decline beyond 2014 if the company doesn't deliver on heightened investor expectations. Wells kept a Sector Perform rating on the name. Goldman Sachs increased its price target on Apple to $720 from $635, saying it believes that the company's software enhancements in mobile payments, personal health monitors, and home products will enable it to sell more devices over time. The firm now has greater confidence that these software enhancements will drive robust cash flow and it kept a Buy rating on the shares. New developments in China could hinder Apple's growth there, UBS analyst Steven Milunovich warned. Specifically, a regulator is urging the country's three major telecom companies to reduce their marketing and sales costs and is also looking to form a company to manage mobile base stations. These developments could slow the pace of the roll-out of LTE technology in China, potentially negatively impacting iPhone sales, the analyst contended. Meanwhile, any reduction in marketing budgets could impact cell phone subsidies, warned the analyst. Mobile carriers China Telecom (CHA) and China Mobile (CHL) both subsidize sales of iPhone in China. Despite his warning, Milunovich kept a $700 price target and Buy rating on Apple. PRICE ACTION: In afternoon trading, Apple shares were virtually unchanged near $635.
News For AAPL;CHA;CHL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>
April 22, 2015
07:20 EDTAAPLApple survey continues to show strong iPhone demand, says UBS
Subscribe for More Information
07:08 EDTAAPLPriceline Apple launches Apple Watch travel applications
Subscribe for More Information
06:16 EDTAAPLApple retail chief discusses Apple Watch, MacBook in video, BI reports
Subscribe for More Information
April 21, 2015
18:35 EDTAAPLChinese court rules in favor of Apple in Siri patent case, Economic Times says
Subscribe for More Information
16:00 EDTAAPLOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
13:40 EDTAAPLEarnings Watch: AT&T sees Q1 charge of approximately $130M
Subscribe for More Information
11:00 EDTAAPLStocks with call strike movement; AMZN AAPL
Subscribe for More Information
10:34 EDTAAPLCorning sapphire glass rumored to be in new Apple iPhone, PatentlyApple says
Subscribe for More Information
09:37 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:20 EDTAAPLOrbitz app now customized for Apple Watch
Subscribe for More Information
06:18 EDTAAPLCitigroup unenthused with IBM mix, still prefers Apple
Subscribe for More Information
05:58 EDTAAPLReport: AU Optronics to supply Apple with iPhone panels, DigiTimes says
Subscribe for More Information
April 20, 2015
16:01 EDTAAPLOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
09:36 EDTAAPLActive equity options trading on open
Subscribe for More Information
08:42 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
Subscribe for More Information
08:18 EDTAAPLApple Q2 EPS estimate raised above consensus at Pacific Crest
Pacific Crest raised its Q2 EPS estimate for Apple to $2.17 from $2.15, putting it above the consensus estimate of $2.14. The firm raised its Q2 estimate based on an increase in its iPhone unit outlook, and raised its fiscal 2015 and fiscal 2016 EPS estimates for the company based on higher iPhone and Apple Watch estimates. Nonetheless the firm expects the company to face growth challenges in fiscal 2016, and it keeps a Sector Weight rating on the shares.
07:30 EDTAAPLApple Q2 results likely to beat expectations, says Wells Fargo
Subscribe for More Information
06:18 EDTAAPLAnalyst sees Apple Watch as company's 'most profitable product ever,' BI reports
Subscribe for More Information
05:44 EDTAAPLApple cuts orders to upstream partners to reduce risks, DigiTimes reports
Subscribe for More Information
05:22 EDTAAPLBooking.com launches first booking travel app for Apple Watch
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use