As Apple prepares to release its fourth-quarter earnings report, industry experts are expressing concerns about the tech giant's future performance. Melius Research analyst Ben Reitzes, who holds a Buy rating on Apple stock with a target price of $240, highlights several key issues that the company needs to address. Pressure to Demonstrate Growth Despite having one of the most … [Read more...] about Apple Stock Faces Challenges Ahead
China
Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
In a recent report, Citi analysts downgraded Skyworks Solutions (ticker: SWKS) and Qorvo (QRVO) from Neutral to Sell. They also reduced the price targets for both stocks, bringing them down to $87 and $78, respectively. Skyworks stock has dropped by 3.3% to $94.95, while Qorvo shares have seen a 4% decrease, making them the worst performer in the S&P 500 during premarket … [Read more...] about Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
China Bans iPhones for Government Officials, Clouding iPhone 15 Release
The release of the highly anticipated iPhone 15 by Apple has hit a roadblock after China banned the use of iPhones for central government officials at work. This move has raised concerns about the future of Apple and other foreign brands in China. However, analysts at CFRA remain optimistic about the upcoming launch event. Geopolitical Tensions Affect Apple's Business in … [Read more...] about China Bans iPhones for Government Officials, Clouding iPhone 15 Release
3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
3M, the multinational conglomerate, has recently reached a settlement of $6.5 million over charges of violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act. According to the Securities and Exchange Commission (SEC), employees of 3M's Chinese subsidiary engaged in inappropriate practices. They arranged for Chinese government … [Read more...] about 3M Violates Anti-Corruption Laws and Agrees to $6.5 Million Settlement
Country Garden Holdings to Report Earnings Amidst Turbulence
Country Garden Holdings, one of China's largest property developers, is set to release its earnings report for the first half of the year. This comes after the company missed interest payments on its bonds earlier this month, raising concerns about the state of China's property market. The sector has been greatly impacted by falling prices and plummeting sales, causing ripple … [Read more...] about Country Garden Holdings to Report Earnings Amidst Turbulence
