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rising treasury yields weigh on us stocks as earnings season unfolds
U.S. stocks fell as rising Treasury yields weighed on the market, with major companies like Apple and Nvidia dropping over 2%. Tesla's shares surged 12% after beating earnings forecasts, while SK Hynix reported a record profit despite slightly missing revenue expectations. Apple is exploring collaborations in China, and analysts suggest European stocks may have significant growth potential despite overall market lag.
ubs maintains neutral stance on apple with revenue expectations for september
UBS has maintained a Neutral rating on Apple Inc. with a price target of $236, projecting Q3 revenue of $94 billion and EPS of $1.58. Despite steady iPhone sales, a cautious outlook for December is anticipated due to the delayed launch of new AI features. Additionally, Apple faces challenges with its Vision Pro headset production and has been fined $89 million alongside Goldman Sachs for credit card venture violations.
ubs maintains neutral stance on apple with target price of 236 dollars
UBS has maintained a Neutral rating on Apple Inc. with a price target of $236, projecting September revenue at $94 billion and EPS at $1.58. Despite steady iPhone sales, a cautious outlook is anticipated for the December quarter due to the delayed launch of new AI features. Additionally, Apple faces challenges with its Vision Pro headset production and has been fined $89 million for violations in its credit card venture with Goldman Sachs.
ubs maintains neutral stance on apple with 236 dollar price target
UBS has maintained a neutral stance on Apple Inc., setting a price target of $236, with expectations for September sales of $94 billion and EPS of $1.58. Despite a flat year-on-year forecast for iPhone sales at 46 million units, there is potential for positive surprises from the iPad segment. Additionally, Apple faces challenges with its Vision Pro headset production due to slow sales and high costs, while a recent meeting between CEO Tim Cook and China's Minister of Industry highlights the importance of the Chinese market.
tim cook discusses data security and investments during china visit
Apple CEO Tim Cook met with China's Minister of Industry and Information Technology, Jin Zhuanglong, in Beijing to discuss investments, data security, and cloud services during his second visit to China this year. The discussions highlighted Apple's commitment to secure online data management and its presence in the Chinese market.
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