Author Archives: Scalper1

Apple’s March-quarter iPhone guidance an overhang for stock

Two weeks before Apple’s (AAPL) next quarterly earnings report, Wall Street analysts are still busy lowering their estimates for iPhone sales for upcoming quarters. Piper Jaffray analyst Gene Munster on Monday lowered his estimates for iPhone sales for the March and June quarters based on negative data points from Apple’s Asian suppliers. Munster cut his iPhone sales estimates to 55 million units from 62.5 million in the March quarter and to 45

Tech A ‘Victim,’ Apple Still A Buy, Says BMO Capital

Technology stocks have been a “victim” of profit-taking early in 2016, says BMO Capital Markets, which expects the S&P 500 index, now trading near 1,900, to rebound to 2,100 by year-end. Among tech stocks rated outperform by BMO are Apple (AAPL), Google-parent Alphabet (GOOGL), Cisco Systems (CSCO), chipmaker Texas Instruments (TXN) and Visa (V), which has been innovating in online and mobile payments. Amid the broad market sell-off this month,

Auto Safety To Take Center Stage At Detroit Auto Show

In order to avoid having nearly four times more cars recalled than were sold in the U.S., as happened in 2014, top automakers, including General Motors (GM) and Ford Motor (F), will reportedly join U.S. regulators in announcing a safety deal Friday. The accord would be voluntary, but federal regulators will monitor the companies closely to ensure they stick to it, Reuters reported, citing sources close to the talks. Automakers met with officials