Morgan Stanley Reiterates Overweight Rating on Shares of Apple Ahead of iPhone Launch Event

On Wednesday’s after the close, analysts over at Morgan Stanley reiterated their Overweight rating on shares of AAPL whlie reaffirming their $130 price target. The analysts also raised FY21 revenue expectation to indicate 21.9% annual growth and expect 2021 earnings to rise 29.7% from annually.

Morgan Stanley’s coverage comes at an important time for Apple as a host of positive news surrounds the company with the upcoming Apple launch event. Analysts see the announced digital event as a driving catalyst.

For many years, Apple has found a way to make iPhone’s an item many people wait for and desire, as every new model means a better version. Currently, Apple is expected to unveil four new devices during next week’s iPhone launch event.

The analysts also believe that Wall Street estimates of the average selling price and unit are too low. This rationale has caused the analysts to raise her FY21

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EMERGING MARKETS-Thai shares gain for fourth day on stimulus push; Philippines steadies

    * Thai benchmark index hits highest since Sept. 21
    * Most currencies edge up as U.S. dollar nurses losses
    * Chinese markets reopen after a week-long holiday on Friday

    By Shruti Sonal
    Oct 8 (Reuters) - Thai stocks climbed 1% on Thursday as the
government outlined measures to boost consumption in its
coronavirus-battered economy, while a late recovery helped
Philippine shares edge up in tandem with gains in most of Asia's
emerging markets.
    The safe-haven U.S. dollar nursed losses after the revival
of hopes for some stimulus spending in the world's biggest
economy improved investor sentiment, supporting local currencies
in Asia, which edged higher. The Taiwan dollar was
again the main standout, rising almost 1%.
    Thailand's benchmark index hit its highest in more
than two weeks after officials on Wednesday added a tax
deduction on purchases of goods and services to previously
announced cash handouts and subsidies.
    The tourism-reliant economy 
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Facebook, Amazon And Apple Shares Are Down On Fears Of Government Forcing Big Tech Breakup

Topline

Broad-market indexes are up Tuesday after U.S. President Donald Trump returned to the White House following his three-day hospitalization at Walter Reed Medical Center, but tech stocks are down as the House’s antitrust report on big tech firms nears release.

Key Facts

The tech-heavy Nasdaq, down .1%, is the only major index down this morning following a Monday evening report from Politico that revealed a draft of the U.S. House of Representatives’ antitrust report on big tech firms, slated for release later this week, contains provisions that would make it easier to break up Silicon Valley giants Facebook, Amazon, Apple and Google-parent Alphabet.

Each of the big four tech firms are down close to 1% this morning, with all of them now down

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Barclays Reiterates Overweight Rating on Shares of NortonLifeLock (NLOK)

On Monday morning, analysts at Barclays reiterated their Overweight rating and $26 price target on shares of NortonLifeLock (NLOK).

The analysts believe NortonLifeLock will do well when it reports fiscal Q2 results for three reason: web traffic to buy.norton.com continues grow thanks to more promotional activity, this is the last quarter with stranded costs, and even though the stock has lagged after the recent sales of convertible securities, the analyst believe this is a good entry point more than a negative signal.

Web traffic means your website is getting the attention it needs. Over the past few quarters, web traffic has increased by approximately 11%. Although some analysts were worried last quarter about how much more NLOK was available to grow with such high numbers, the analysts feel confident in their 50k net add estimate for 2Q. In addition, NLOK has also been giving many promotions that help the website

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TCS, Infosys, Wipro shares hit new 52-week high today; BSE IT index rallies 90% since March



a group of people sitting at a desk: From March lows of 10,937.37, BSE IT index has rallied over 90 per cent


© Provided by The Financial Express
From March lows of 10,937.37, BSE IT index has rallied over 90 per cent

IT stocks were in focus today as TCS, Wipro, Infosys and Mindtree shares hit fresh 52-week highs on Monday. BSE Information Technology index rose 3.32 per cent to climb up to a new record high. During the second quarter of FY21, BSE IT index surged 31.7 per cent, significantly outperforming BSE Sensex, which managed to gain 9.2 per cent. Corporate earnings for the July-September quarter will kick start from Wednesday as TCS is scheduled to announce its second-quarter results. Analysts expect Q2 to be a strong quarter for Indian IT companies as all the companies successfully transitioned to ‘work from home’ (WFH) model leading to business continuity and significant cost savings.

From March lows of 10,937.37, BSE IT index has rallied over 90 per cent. In today’s session, TCS shares

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History suggests tech shares poised for new highs in 2021

Column chart of Per cent showing Global tech stocks made big gains following mid-cycle corrections

The Nasdaq 100 index of the world’s largest technology companies suffered a tough run in September, shedding 5.7 per cent in its biggest pullback since the coronavirus shock in March. But if the trading patterns of the past five years hold, it may not be long before the sector rebounds.

The latest decline came as a frenzied tech rally ran out of momentum, continuing a highly volatile year. Even after the drop in September, and a 7.7 per cent decline in March, the index is still up about 30 per cent in 2020.

Analysis from UBS shows that between 2015 and 2019, mid-cycle corrections in global tech stocks lasted an average of a month from peak to trough, and caused the sector to lose 11 per cent. The scale of the rebounds over the following six months was, on average, 20 per cent.

This year has been supersized. In 38

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Why Shares of 2U, Inc. Fell 18.2% in September

What happened

Shares of 2U, Inc. (NASDAQ:TWOU) fell 18.6% in the month of September, according to data from S&P Global Market Intelligence. The online education provider cooled off after the stock had run up over the first eight months of the year, like much of the technology sector. 2U did recently sell shares to the public, but that was back in August after a strong second quarter earnings report.

Additionally, the company may have suffered from some guilt-by-association after another online education rival came under scrutiny by a short-seller.

A college-aged woman take an online class  on her laptop.

Image source: Getty Images.

So what

In the second week of September, online education rival K12 (NYSE:LRN) fell after the Miami-Dade schools district cut ties with K12 after trying it out. Short-selling firm Safkhet Capital applauded the decision and called K12 an “education vulture.”

The heightened scrutiny of K12 might have affected how investors view the risk of other companies in

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CTO shares tips for impact and efficiency from a career spanning startups, government and NGOs

Tyrone Grandison, chief technology officer for Pearl Long Term Care Solutions. (Photo courtesy of Tyrone Grandison)

Tyrone Grandison started his career path in math, economics and computer engineering, studying at universities in Jamaica, the West Indies and London and earning multiples degrees that culminated in a PhD in computer science.

But these days, what Grandison really values is his ability to read people.

“The biggest compliment I’ve received over the years, with people I’ve interviewed with, is you have a really high EQ,” he said, referring to one’s emotional intelligence. “You have to be aware of people’s motivations and reactions,” Grandison said, and maneuver accordingly “to get your mission accomplished.”

Over the years, his mission has been wide ranging and encompassed roles enough for numerous people. Grandison, who lives in Seattle, has launched and led numerous startups, worked for the White House and government agencies during the Obama Administration, holds

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Tesla Shares Gain On China Price Cuts;Q3 Deliveries in Focus

Tesla Inc.  (TSLA) – Get Report shares powered higher Thursday following reports that the clean energy carmaker had cut prices for its Model 3 sedan in China and could be ready to publish record third quarter deliveries later this week.

Tesla’s China website suggests that starting prices for its popular Model 3, which are now made in its Shanghai factory, have been reduced by 8% to around $36,800 each, while the longer-range version was reduced to around $40,000 each. The new models will also included cheaper lithium iron phosphate batteries, Reuters reported.

Tesla shares were marked 2% higher in early trading Thursday to change hands at $437.87 each, a move that would trim losses since the stock’s five-for-1 split on August 31 to around 11.4%.

A report  from the tech-focused ‘electrek’ news website yesterday also suggested Tesla’s third quarter deliveries could come in at a record high later

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Datadog Shares Jump on Partnership With Microsoft

Shares of Datadog  (DDOG) – Get Report jumped on Wednesday after the provider of a security platform for cloud applications said it partnered with software titan Microsoft’s  (MSFT) – Get Report Azure cloud unit.

“Datadog will now be available in the Azure console as a first-class service,” the New York company said in a statement. 

“This means that Azure customers will be able to implement Datadog as a monitoring solution for their cloud workloads through new streamlined workflows that cover everything from procurement to configuration.”

The statement didn’t disclose terms of the deal.

Datadog shares recently traded at $103, up 13%. They have well more than doubled year to date. 

Microsoft recently traded at $211.74, up 2.2%. Shares of the Redmond, Wash., software and tech giant have climbed 34% year to date.

“The improved onboarding experience makes Datadog setup automatic, so new users can start monitoring

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