Cowen Firm on Apple (AAPL) Following Jabil (JBL) Quarterly Results; Boosts Q117 iPhone Estimates
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Apple (AAPL) iPhone 8 Super Cycle May be a Dud - Wells Fargo
September 22, 2016 7:53 AM EDTWells Fargo analyst Maynard Um said bullishness on Apple's (NASDAQ: AAPL) next iPhone cycle should be tempered as their units per carrier analysis suggests headwinds in 2017.
Um said while the general feedback is that the iPhone 8 cycle will be strong based on the premise that even a modest... More
Wall Street extends Fed-fueled rally; Nasdaq hits new high
September 22, 2016 7:25 AM EDTBy Lewis Krauskopf
(Reuters) - U.S. stocks climbed on Thursday, with big tech names leading broad gains, building on strength from a day earlier that was fueled by the Federal Reserve's decision to stand pat on interest rates.
The S&P 500 tallied its best two-day performance in more than two months, while the Nasdaq closed at a record high.
Fed Chair Janet Yellen said on Wednesday that U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. But the central bank maintained the... More
Apple (AAPL) PT Raised to $135 at Nomura Securities
September 22, 2016 7:09 AM EDTNomura Securities analyst Jeffrey Kvaal reiterated a Buy rating and boosted estimates and his price target on Apple (NASDAQ: AAPL) to $135.00 (from $120.00) amid healthy early demand.
"The steady positive news across geographies on the iPhone 7 launch implies demand is stronger than thought,"... More
Apple (AAPL) Considers Opening Retail Store in Samsung Stronghold of South Korea - WSJ
September 22, 2016 6:50 AM EDTApple (NASDAQ: AAPL) is considering opening its first retail store in South Korea, the home of its chief rival Samsung, the Wall Street Journal reported Thursday.
The iPhone maker looked at several sites is Seoul across the street from Samsung's... More
