Tag Archives: aapl

Apple stock deemed oversold, rallies on bullish reports

Wall Street analysts pounded the table for Apple (AAPL) on Tuesday, encouraging investors to buy shares after its steep recent sell-off. Wells Fargo Securities analyst Maynard Um upgraded his rating on Apple stock to outperform from market perform, with a fair value of 125 to 135. Apple was up about 1% to near 104 just ahead of the closing bell in the stock market today. It topped 111 earlier in the day before stocks broadly pulled back. Apple CEO

Best Buy beats Q2 views, expands Apple Watch sales

Best Buy (BBY) stock jumped Tuesday after the consumer electronics retailer reported much better than expected sales and earnings for its fiscal second quarter ended Aug. 2. It also announced a deeper partnership with Apple (AAPL) to sell Apple Watch and other products. Best Buy was up 16%, near 34, in midday trading in the stock market today after falling to a 14-month low below 33 early during Monday’s stock market route. The Richfield,

Taiwan Semiconductor Exits Money Pit Solar Operations

Apple (AAPL) chipmaker Taiwan Semiconductor Manufacturing (TSM) announced Tuesday it would shutter its costly solar operations by month’s end. The move will likely reduce TSM’s EPS by 7 cents in Q3, Steve Tsu, chairman of TSM Solar, said in a company press release. Tsu said the company couldn’t turn a profit with its solar manufacturing and that even the most aggressive cost-reduction plan wouldn’t make the solar subsidiary viable. “TSMC continues