Midday movers: Micron and Guess rise; Apple, Darden, Five Below fall
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- S&P 500, Nasdaq fall as megacap tech drags; Iran developments watched
- Oil falls 4% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
- Sanuwave cuts Q2 2026 revenue guidance amid Ultramist sales pressure
Evercore ISI Dissects DOJ Lawsuit Against Apple (AAPL): 'more of a headline risk than a financial risk'
March 21, 2024 1:56 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "The DOJ has filed its long telegraphed suit against Apple and it will doubtless be a long process that will produce negative headlines, but we think Apple will prevail in the end. The DOJ has been aggressive in pursuing anti-trust suits against big tech though with limited success. Structurally, we think a core challenge is perhaps that current anti-trust... More
Welcome to wallstreetbets: Reddit (RDDT) stock adds 48% in a blockbuster IPO debut
March 21, 2024 1:05 PM EDT(Updated - March 21, 2024 4:34 PM EDT)
Reddit has made its long-awaited market debut Thursday, closing the day 48.4% higher.
Reddit priced its IPO at the top end of the $31 to $34 range, valuing the company at $6.4 billion.
The highly successful market debut is the latest sign of improving... More
Reddit (RDDT) Shares Indicated To Open At $42/$46
March 21, 2024 11:08 AM EDTReddit (RDDT) Shares Indicated To Open At $42/$46
... MoreApple (AAPL) shares down after US DOJ sues the company on iPhone monopoly claims
March 21, 2024 10:57 AM EDT(Updated - March 21, 2024 4:42 PM EDT)
Apple (NASDAQ: AAPL) stock closed 4% lower Thursday after it was confirmed the Department of Justice (DOJ) has officially sued the iPhone maker in an antitrust case for monopolization of smartphone markets.
The U.S. Justice Department and 17 states filed an antitrust lawsuit against Apple, saying the company "imposed restrictive rules for... More
Apple (AAPL) have to find a way to settle potential DOJ case - Wedbush
March 21, 2024 9:04 AM EDTFollowing reports that the U.S. Department of Justice (DOJ) is preparing to sue Apple (NASDAQ: AAPL) as soon as Thursday, analysts at Wedbush said they do not expect any business model changes for now, but they believe Apple will eventually have to find a way to settle this case.
Wedbush, which maintained an Outperform rating and $250 price target on Apple, said it believes the iPhone maker may... More
