#cfra research

[marko-dwight]

Stock market bulls eye technical signal for further gains

Stock market bulls eye technical signal for further gains

Some stock market bulls are watching a technical indicator for clues on whether a summer rebound in U.S. equities will roll on. The S&P 500 is up 15% from its mid-June low, a rally that gained even more momentum after Wednesday’s U.S. inflation data showed consumer prices unchanged for July. This bolstered the case for the Federal Reserve to end its market-bruising rate hikes sooner than…

View On WordPress

[macdailynews]

iPhone 15 lineup expected to drive 2024 iPhone unit sales growth

Apple’s iPhone 15 introduction in September is likely to be the next catalyst for Apple stock as at least one analyst expects the new lineup to drive iPhone unit sales growth next year. <Patrick Seitz for Investor’s Business Daily/a>: Weak sales in North America and China are principal factors behind the decline in smartphone shipments this year as consumers fret about the economy. Plus,…

View On WordPress

[macdailynews]

Analyst reiterates bullish outlook on Apple: 'It's a lot more of headline risks than anything else'

Analyst reiterates bullish outlook on Apple: ‘It’s a lot more of headline risks than anything else’

Apple faces a lot more headline risks than anything else, said Angelo Zino, senior industry analyst at U.S.-based firm CFRA Research, who reiterates his bullish outlook on the stock. Sheila Chiang for CNBC: “Apple is the biggest U.S. name out there, and we think it is a lot more headline risks than anything else,” Angelo Zino, senior industry analyst at CFRA Research, told CNBC’s “Squawk Box…

View On WordPress

[macdailynews]

Reports of Apple's death in China were greatly exaggerated - analysts

Reports of Apple’s death in China were greatly exaggerated – analysts

Julie Hyman for Yahoo Finance:

When Apple reported its earnings on Wednesday after the close of trading, there was a surprise for investors: Sales in China fell by only 2.4%, capping off a tough year in that nation.

Now, analysts say Apple’s China revenue is poised for a comeback.

“We think there’s a very good possibility that Apple returns to growth in China in the December quarter,” Angelo…

View On WordPress

[macdailynews]

Analyst: Buy Apple for its earnings-boosting stock buyback plan

Analyst: Buy Apple for its earnings-boosting stock buyback plan

Brian Sozzi for Yahoo Finance:

Sorry GE, but Apple is the new widows and orphans stock.

Investors shouldn’t buy Apple’s stock because a 5G iPhone may arrive in 2021 or the new Apple TV+ will suck in a massive number of subscribers when it debuts this fall. Nope, buy Apple because it wants to give away all its cash to shareholders mostly through an earnings-boosting stock buyback plan, says one…

View On WordPress

[roadneighbors-blog]

Average Price of Diesel Drops 4.4¢ to $3.077 a Gallon GovernmentBusinessFuelDecember 27, 2018 1:15 PM, EST Average Price of Diesel Drops 4.4¢ to $3.077 a Gallon …

[mystlnewsonline]

Wall Street skeptical of Tesla's promise to post net profit

Wall Street skeptical of Tesla’s promise to post net profit

Tesla is showing some promising signs that it will make money as advertised in the third quarter, but Wall Street isn’t buying it.

The electric car and solar panel maker delivered more than 80,000 vehicles from July through September, and CEO Elon Musk told employees late in the quarter that it was close to profitability.

Still, of 15 analysts who follow the company, not one expects Tesla to make…

View On WordPress

[macdailynews]

Analyst: Apple must diversify its revenue

Analyst: Apple must diversify its revenue

“Apple is in a good position with its iPhone 7 now but eventually it must rely less on iPhones,” Scott Gamm reports for TheStreet. “‘”They need to eventually come out with something outside of the iPhone,’ said Angelo Zino, an equity analyst at CFRA Research. ‘But when we look at the company today and over the next two years, we continue to think they are well positioned with the current iPhone 7…

View On WordPress