• We Are Cutting Our Price Estimate For Apple, But Still Remain Bullish On The Stock

    5 monthes ago - By Forbes

    We are cutting our price estimate for Apple from $225 per share to about $175 per share, on account of a sluggish iPhone business and headwinds in Greater China. While the company just cut its Q1 FY'19 revenue guidance in an unprecedented move, citing some of the above trends, we...
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  • Dow Jones Industrial Average falls more than 400 points after Apple warning

    5 monthes ago - By ETF Daily News

    From Chris Matthews and Mark DeCambre : U.S. stock indexes traded sharply lower midday Thursday, extending declines after a survey of American manufacturers showed the sector growing at its slowest pace in two years, and following Apple Inc.'s move to lower its sales forecasts, citing weak demand from China that underscored broader concerns about the global economy.
    How are the benchmarks performing?
    The Dow Jones Industrial Average DJIA, -1.78% fell 418 points, or 1.7%, at 22,917, the S&P 500 index SPX, -1.43% shed 31 points, or 1.1%, at 2,481, while the Nasdaq Composite COMP, -1.83%...
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  • Apple warning shakes European shares as tech stocks tumble

    5 monthes ago - By Reuters

    Apple's first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply.
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