Cowen Says to Buy Apple (AAPL) on Any Jabil (JBL)-Related Weakness
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Argus Downgrades Jabil Circuit (JBL) to Hold
March 18, 2016 8:39 AM EDTArgus downgraded Jabil Circuit (NYSE: JBL) from Buy to Hold.
The downgrade comes after the company lowered its revenue and EPS projections for fiscal 2016, likely reflecting reduced demand from top customer Apple.
"Given the quality of the underlying business, we... More
Jabil Weakness Not a Death Knell for Apple (AAPL) - Stifel
March 17, 2016 9:40 AM EDTStifel's Apple (NASDAQ: AAPL) analyst, Aaron Rakers, highlighted that Jabil (NYSE: JBL) weakness on a sequential basis represents a 29.5% decline vs. prior implied -23% seq. This is more that expected but not the dramatic difference that some investors may fear. No change the firm's Buy rating or $120 price target on Apple.
Investors could question whether Jabils F3Q16... More
Apple (AAPL) pops to session highs
March 16, 2016 12:41 PM EDTApple (NASDAQ: AAPL) pops to session highs, up as much as 1.1%.
... MoreApple: U.S. founders would be 'appalled' by DOJ iPhone request
March 15, 2016 6:08 PM EDTBy Dan Levine and Dustin Volz
SAN FRANCISCO/WASHINGTON (Reuters) - The U.S. founding fathers "would be appalled" by a Department of Justice request to unlock an encrypted iPhone, Apple Inc (NASDAQ: AAPL) said on Tuesday in its final brief before a court showdown next week.
Apple is fighting a court order obtained by the Federal Bureau of Investigation last month, which requires the company to write new software to disable passcode protection and allow access to the phone used by one of the San Bernardino, California shooters, Rizwan Farook.
... MoreApple (AAPL) says it paid every cent of tax due in Ireland - Bloomberg
March 15, 2016 11:20 AM EDTApple (NASDAQ: AAPL) says it paid every cent of tax due in Ireland - Bloomberg
... More