Cramer mocks idea that Apple stock is 'one analyst note away' from being finished. CNBC's Jim Cramer on Thursday mocked what he called a belief on Wall Street that Apple 's stock is one more negative analyst note away from being finished for good. Wall Street analysts, who have recently been peppering Apple's stock with downgrades, are concerned the tech giant will suffer declines in iPhone unit sales over the next couple of years. But Cramer, whose charitable trust owns shares of Apple, isn't convinced. Cramer has figured that once the estimate cuts end and Wall Street realizes that Apple's service revenue stream and iPhone sales are very much intact, Apple's stock would "come roaring back like it's done every time before."
Shares of Apple Inc. rallied 1.0% in morning trade Thursday, which would put them on track to snap a 5-session losing streak, after Morgan Stanley analyst Katy Huberty said the recent selloff on concerns over iPhone unit sales was an overreaction. The stock has tumbled 11% the previous 5 sessions to close Wednesday at a 4-month low, as revenue warnings from a number of smartphone components suppliers, which list Apple as a large customer, followed Apple's disappointing outlook for the current quarter. "Weaker supplier guidance reflects Apple's already more cautious Nov. 1 guidance, and importantly, doesn't impact our services growth forecast, which is tied to installed base rather than new shipments," Huberty wrote in a note to clients. "We're buyers on unit-driven pullback given services and share repurchases drive future earnings."
This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Consensus earnings estimates are far from perfect, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. BT Group plc (NYSE:BT)’s distance from 200 day simple moving average is 8.79 percent, its distance from 50 day simple moving average is 8.68 percent, while its distance from 20 day simple moving average is 4.38 percent.
BT Group Plc's wireless unit EE plans to start fifth-generation wireless services in 16 United Kingdom cities next year as the former monopoly seeks to lure customers with increased reliability and download speeds. EE will also offer a broadband solution with its 5G home router, and has promised to continue developing out its 4G network as well, upgrading existing sites and converting 3G signals into 4G. Michael Matheson, Cabinet Secretary for Connectivity, said: "Commercial rollout of 5G by EE and the other mobile network operators supports our wider ambition of Scotland having an early advantage of this new and emerging technology". One site in Waterloo station alone, we're told, carries more than 100 terabytes of data per day. While this is undoubtedly good news for United Kingdom consumers, ZDNet explains that we should not get too excited yet: "The first 1,500 sites that EE is upgrading to 5G amount to around 7% of its total sites, and cover 15% of the United Kingdom population".
Facebook (FB) has launched its online car listing service, Marketplace Autos, in Australia, according to the Sydney Morning Herald. The launch comes after Facebook determined that a lot of Australians use its social network to search for cars. Facebook’s Australian car listings service will initially focus on used cars, showing a strategic move by the company into Australia’s auto classified market.
Facebook (FB) has been posting disappointing revenues due to declining user base growth. Facebook delivered revenues of ~$13.73 billion in Q3 2018, missing Wall Street expectations of $13.78 billion by 0.3%.
Is This Why Apple's iPhone XR Sales Are Disappointing? Ashraf Eassa, The Motley FoolMotley FoolNovember 15, 2018, 2:00 PM GMT. Ming-Chi Kuo, a respected analyst with TF International Securities who had previously been optimistic about the iPhone XR, recently came out and slashed his estimate for how many Apple will ship between the fourth quarter of 2018 through the third quarter of 2019 from 100 million units to just 70 million units. During the company's Nov. 1 earnings call, Apple CEO Tim Cook said that in China, "iPhone, in particular, was very strong -- very strong double-digit growth there." Apple's pricier iPhone XS and iPhone XS Max devices incorporate dual-lens rear-facing cameras, something that's undoubtedly due to those devices' higher selling prices (creating additional room in the bill of materials for a pricier two-lens system), as well as Apple's desire to segment the product lines (the two-lens system on the higher-end models is a selling point). If Apple decides that it'd be best off bringing a two-lens rear-facing camera to next year's iPhone XR, then there are a couple of ways it can do so while still affording the higher-end successors to the iPhone XS and iPhone XS Max some points of differentiation. If the iPhone XS and iPhone XS Max successors stick with dual-lens cameras, then Apple could still give the next iPhone XR a dual-lens camera, but reduce its performance in some way.
Nicholas Rossolillo, The Motley FoolMotley FoolNovember 15, 2018, 1:48 PM GMT. It all started with news that a little-known analytics firm called Cambridge Analytica had accessed users' private data on the social network during the 2016 presidential election. That set off a maelstrom of ire directed toward Facebook, how it handles its user information, and the content allowed on the network. In an effort to crack down on misuse, Facebook has embarked on a journey to shore up the data it collects and scrutinize the content that gets posted a little more carefully. While security isn't a bad thing -- we're talking about a software-application company with over 2.6 billion monthly users worldwide -- the stock's reaction would say otherwise.
Google: Android Pie will hit more devices in 2018 than Oreo did in 2017. Google has long been criticised for the long delays between Android upgrades. While iPhone users are merrily chowing down on regular OS updates, Android users have to wait for long intervals, with lower cost handsets never seeing an update at all during their lifespans. Google's update framework, Project Treble, seeks to rectify this, and the company has just announced that all devices launching with Android 9 Pie or later with be Treble-compliant. In a blog post, Google says that thanks to Treble, it anticipates more devices running Android 9 Pie at the end of 2018, compared to the number of devices that were running Android Oreo at the end of 2017.
Numis Securities currently has a GBX 340 ($4.44) target price on the stock. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 275 ($3.59) price objective on shares of BT Group in a research report on Friday, July 27th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 284.50 ($3.72).