Tech sell-off weighs again on stocks; dollar slips
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- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- Fed’s Warsh says central bank won’t tolerate high inflation
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
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- IBM misses Q2 targets as mainframe and software sales disappoint
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- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
Longbow Research Reiterates Buy Rating & $173 PT on Apple (AAPL); 'Taiwan Supplier Sales Through May Indicate a Weaker than Seasonal CY2Q/FY3Q'
June 13, 2017 8:19 AM EDTLongbow Research reiterates Buy rating and $173 price target on Apple (NASDAQ: AAPL), following company update post Taiwan Supplier Sales data release.
Analyst Shawn Harrison notes the implied data from Taiwan Supplier sales data could indicate a worse quarter than seasonally expected, further support... More
Apple (AAPL) PT Raised to $170 at Macquarie; 'Bullish on Position in China'
June 12, 2017 2:12 PM EDTMacquarie raised its price target on Apple (NASDAQ: AAPL) to $170.00 (from $160.00) while maintaining a Outperform rating, following a review of the company's global iPhone outlook.
Analyst Benjamin Schachter suggests a positive outlook on the company heading into the next iPhone cycle, noting strong global... More
