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☆ 'It's a lot more of headline risks than anything else': Analyst maintains bullish outlook on Apple
▼ + stars: | 2022-12-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTAn Apple store on Nanjing Road Pedestrian Street in Shanghai, China, on December 16, 2022. The outbreak could potentially cause worker shortages at component plants or assembly factories across the country. For the last two months, Apple has already been grappling with production shortages. In November, iPhone 14 production was hit by Covid-19 restrictions and labor protests at its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China. Despite shortages, many analysts predicted that Apple customers will continue to be loyal to the brand's products.

☆ JPMorgan cuts Christmas iPhone expectations again, lowers Apple price target
▼ + stars: | 2022-12-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

JPMorgan cut its iPhone shipment forecast for the December quarter once again as Apple faces the fallout from the temporary shutdown at one of its largest assembly plants. Analyst Samik Chatterjee trimmed the bank's shipment estimates to 70 million from 74 million and cut the bank's price target on the stock to $190 a share, citing supply chain challenges resulting from the plant closure. The cut accounts for a downdraft of both 2 million iPhone 14 Pro and Pro Max units. The bank previously cut estimates for the December period by 8 million, accounting for 5 million fewer Pro and 3 million other iPhone shipments. His forecast now expects 235 million iPhone shipments for the full year, down from a previous 237 million estimates, and representing a 5% decline year over year.

☆ Typically supply delays don't cause consumers to cancel their purchases, says JPM's Chatterjee
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTypically supply delays don't cause consumers to cancel their purchases, says JPM's ChatterjeeSamik Chatterjee, JPMorgan analyst, joins 'TechCheck' to discuss supply delays impacting consumer sentiment, Apple revenue expectations for 2023, and how Apple might adapt its production pipeline in the coming years.

☆ Top Wall Street analysts bet on these stocks to beat market volatility
▼ + stars: | 2022-11-13 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In this article AAPLORLYCARSVECOSBUX Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Chatterjee reiterated his buy rating as well as his $200 price target on Apple. (See Cars Hedge Fund Trading Activity on TipRanks) The analyst highlighted the momentum in the adoption of Cars.com's Digital Solutions. Ranked 68th in an over 8,000-strong database of analysts on TipRanks, Prestopino has delivered profitable ratings 57% of the time. The analyst reiterated a buy rating on the stock with a price target of $25.

☆ Apple will 'take years' to diversify away from China, says Counterpoint Research
▼ + stars: | 2022-11-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

A display of iPhone 14 smartphones at the Apple Inc. Regent Street store in London, UK. Bloomberg | Bloomberg | Getty ImagesApple will take years to diversify from its Chinese factories, even as the country presses on with its zero Covid policy which is hurting iPhone production, according to Counterpoint Research's Jeff Fieldhack. "It will take years for Apple to diversify," the research director told CNBC's "Squawk Box Asia" Tuesday, explaining that Apple's latest iPhones will likely continue to be built in China for the next few years. In a statement on Sunday, Apple said that it temporarily reduced iPhone 14 production as its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China is operating at "significantly reduced capacity" due to Covid-19 restrictions. Apple has been diversifying its device assembly process away from China and opening factories in countries south of China, such as India and Vietnam.

☆ Analysts stumped by Apple's unusual supply warning, see 4th quarter estimates at risk
▼ + stars: | 2022-11-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Apple 's latest factory troubles mean downside ahead to estimates for the technology giant's December quarter, analysts say. The company also warned of fewer units shipped and longer wait times for customers. The statement has led to concerns that the company may sell fewer units in the December quarter or struggle to make enough to satisfy demand. While the disruption pushes lead times out by a week, they could extend even further, JPMorgan's Samik Chatterjee said in a note to clients Monday. Bank of America's Wamsi Mohan trimmed Apple estimates for the December quarter and cut his price target on the stock to $154 from $160 a share.

☆ Apple warns Covid restrictions in China are hurting iPhone production
▼ + stars: | 2022-11-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Apple said in a statement on Sunday that it has temporarily reduced iPhone 14 production because of Covid-19 restrictions at its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China. It said that it continues to see strong demand for the affected models, which are higher-priced than other iPhone models and start at $999 and $1099. In the past week, China has ordered lockdowns in Zhengzhou, where Apple does the majority of its iPhone production. It currently takes 31 days to receive an iPhone 14 Pro if ordered from Apple's website, longer than the average 2-day lead time for less-expensive iPhone models, JPMorgan analyst Samik Chatterjee said in a note on Sunday.

☆ These midcap stocks are loved by analysts, including one name expected to double
▼ + stars: | 2022-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors scrambling to find a home for their money amid this year's market turmoil may want to look at midcap stocks. The S & P Midcap 400 is down 15% year to date, outperforming the large cap S & P 500's 20% drop in that time. Midcap stocks are also outpacing the large- and small-cap names for the quarter. The S & P Midcap 400 index has jumped more than 9% in the fourth quarter, while the S & P 500 and Russell 2000 are up 8% and 5%, respectively. Midcap stocks are typically those with a market cap ranging between $2 billion and $10 billion.

☆ Apple stock surges, on pace for its best day since 2020
▼ + stars: | 2022-10-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Apple stock rose more than 7% on Friday after reporting September quarter earnings that modestly beat expectations on revenue and profit and showed global demand for its premium hardware remains high. If it holds until the close, it'll be the best day for Apple shares since April 2020. Apple was the second-best performing stock in the Dow Jones Industrial Average behind Intel on Friday. And Apple signaled that demand for premium computers and phones remains strong.

☆ Analysts view Apple as a 'safe haven' and 'bright spot' in tech following another strong quarter
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Apple 's quarterly results proved to analysts that the iPhone maker's stock is the place to hide when a recession hits. Wells Fargo's Aaron Rakers called Apple the "bright spot amid mega-cap carnage" in a note to clients Thursday as the company shared "better-than-feared" results even in this troublesome macro environment. Credit Suisse's Shannon Cross said the stock is a "safe haven" and "relatively safe port in the storm" in a note to clients Thursday. JPMorgan Chase's Samik Chatterjee said the results underscore Apple's resilience and should further entice investors to buy the stock. "Amid a sea of large-cap earnings debacles, Apple's results appear to be a relative victory," wrote Bernstein's Toni Sacconaghi.

Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Minutes before Apple reported, Amazon.com AMZN.O added to tech sector misery, predicting a holiday profit slump that sent its shares down 20%. Apple's iPhone sales for the company's fiscal fourth quarter rose to $42.6 billion, when Wall Street expected sales of $43.21 billion, according to Refinitiv IBES. The company reported sales of iPads were $7.2 billion, compared with the average estimate of $7.94 billion. In China, which has experienced a sharp economic slowdown, Apple reported fourth-quarter sales of $15.5 billion.

☆ This semiconductor stock can rally more than 50% as it ramps up capacity, JPMorgan says in upgrade
▼ + stars: | 2022-10-24 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy shares of Wolfspeed , according to JPMorgan. Analyst Samik Chatterjee upgraded shares of Wolfspeed to overweight from neutral heading into a key investor day on Oct. 31 that will likely prove the "capacity ramp key to delivering on the bull thesis on the shares." Shares of Wolfspeed outperformed this year, down only 5.4%, as investors expect greater adoption of its silicon carbide semiconductors as demand for electric vehicles grow. Electric vehicle production is supposed to ramp up at a more than 20% compounded annual growth rate, according to the note. Meanwhile, Wolfspeed's investor day could show whether the company can meet that demand through its Mohawk Valley facility.

☆ Apple reports earnings Thursday and all eyes are on iPhone 14 sales
▼ + stars: | 2022-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple will report its fourth-quarter earnings for the quarter ended in September after the bell on Thursday. The most important new information will be any details the tech giant offers on how the iPhone 14 series is selling. Apple could also see a boost from better-than-expected sales of iPads and Macs, which have been slowed by parts shortages in recent quarters. However, "most investors are aligned that services revenue growth should accelerate" during the December quarter again, according to Morgan Stanley's Erik Woodring. However, Apple sales appear to have remained strong, according to an analysis of iPhone wait times and third-party estimates of the premium smartphone market.

☆ These stocks reporting next week typically beat the Street and trade higher
▼ + stars: | 2022-10-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Of the roughly 20% of companies that have reported quarterly results so far, 72% have beat expectations, according to FactSet data. Technology giant Apple , which is slated to report earnings Oct. 27, is also on the list. JPMorgan recently reiterated its overweight rating on shares of Apple ahead of its earnings report next week. Mastercard is another large company that's included in the list, with a 94% earnings beat rate and average earnings day move of 2%. Teledyne has an earnings beat rate of 100%, according to the Bespoke data.

☆ JPMorgan says this company could become a leader within autonomous vehicle technology
▼ + stars: | 2022-09-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite having a smaller order book than its peers, JPMorgan expects Luminar will exit the decade as a revenue leader. He said Luminar is expected to be the "supplier of choice" in the long-run due to its engagement and design. The Orlando-based company has also invested in its software stack with Zenseact, which Chatterjee sees as a differentiator that will help Luminar outgrow peers solely focused on hardware. Chatterjee forecasts Luminar will earn $7.25 per share on $6 billion in revenue by 2030. Having ended 2021, with a cash balance of about $750 million, the company is not in immediate need of additional capital, he said.

☆ Here's what major analysts expect out of Apple earnings later this week
▼ + stars: | 2022-07-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Apple is set to report earnings Thursday, and some analysts covering the company expect the tech giant to show further proof of why it remains a "good hiding place" in this volatile market. But while the Mac producer grappled with a slowing economy and major supplier shutdowns in the previous quarter , analysts believe that Apple remains a safe-haven behemoth well-positioned to perform better than its peers. While trouble may lie ahead for Apple, Chatterjee expects the downside — and risks to estimates —to "be fairly limited." That said, the company remains a high-quality name to buy on any pullback in its stock, according to Huberty. And, despite a bullish longer-term outlook on Apple compared to its competitors, many analysts expect a cautious outlook from the technology company — if provided — ahead.

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