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Tesla 'Uniquely Positioned To Lead In Ecosystem,' Macquarie Says In Bullish Initiation
Monday, October 8, 2018 - 4:50pm | 342Macquarie analysts view Tesla, Inc. (NASDAQ: TSLA) as a disruptive growth company “with differentiated products and strong brand presence in the secularly growing and equally disruptive markets of electric vehicles, energy storage and energy generation.” The Analyst Macquarie's...
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Contract Manufacturers Are Joining Apple's Side As Qualcomm Legal Concerns Continue
Thursday, July 20, 2017 - 12:16pm | 476The Apple Inc. (NASDAQ: AAPL) and QUALCOMM, Inc. (NASDAQ: QCOM) legal concerns continue, and new smartphone manufacturers are jumping to Apple’s side. What Is The Court Case All About? It all started when Apple went after Qualcomm for charging overpriced licensing fees and violating anti-...
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Bottom Line: BlackBerry's Q1 Was A Disappointment
Monday, June 26, 2017 - 11:42am | 441Despite an EPS beat of $0.02 compared to the Street’s $0 estimate, BlackBerry Ltd (NASDAQ: BBRY)’s was unable to fend off worsening investor sentiment after it reported first-quarter earnings on June 23. Wells Fargo analyst Maynard Um reiterated a Market Perform rating and $9 price...
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The Latest On Apple's Legal Battle With Qualcomm
Wednesday, June 21, 2017 - 11:17am | 374Apple Inc. (NASDAQ: AAPL)'s ongoing legal and financial dispute with QUALCOMM, Inc. (NASDAQ: QCOM) may have taken a turn for the worse for the chip maker. On Tuesday, Apple filed an amended complaint against Qualcomm and argued that some of its patents are invalid and other patents are...
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Analyst Takes Deep Dive Into Apple's Q2 10-Q (Spoiler Alert - He Found Lots Of Cash)
Saturday, May 6, 2017 - 9:35am | 366Wells Fargo analyst Maynard Um recently took a close look at Apple Inc. (NASDAQ: AAPL)’s 10-Q filing from fiscal second quarter and provided some analysis on what he found. According to Um, fiscal Q2 margins and fiscal Q3 margin guidance may be a bit weaker than it appears. Warrant Accrual...
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Apple Earnings: Analyst Expects Overall 'Solid' Quarter, But Longer-Term Concerns Remain
Tuesday, May 2, 2017 - 10:45am | 449Shares of Apple Inc. (NASDAQ: AAPL) were trading higher by nearly 0.50 percent on Tuesday morning — mere hours before the company's second-quarter earnings report would be released after the trading session. Wells Fargo's Maynard Um maintains a Market-Perform rating on Apple's...
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The Effect On Apple As Phone Upgrade Rates Could Be 'Permanently Lower Than Historical Norms'
Wednesday, April 26, 2017 - 1:40pm | 372Investors hoping Apple Inc. (NASDAQ: AAPL) will smash all smartphone sales records with its soon-to-be-released iPhone may need to take a step back and consider what Maynard Um of Wells Fargo has to say. Um highlighted a headline from AT&T Inc. (NYSE: T) in which the telecom giant said it is...
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Here's How Wall Street Investors, Analysts Felt About Apple's Q1 Earnings
Thursday, February 2, 2017 - 10:32am | 671The strong first-quarter results made Apple Inc. (NASDAQ: AAPL) sweet again for investors, with several points to cheer — including return of iPhone growth and continued solid performance in the services unit. Apple reported 78.3 million in sales of iPhone units for the quarter ended December...
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Apple's Q1: Here's The Bottom Line
Wednesday, February 1, 2017 - 2:51pm | 459Apple Inc. (NASDAQ: AAPL)'s fiscal first quarter results were released after Tuesday's market close and investors cheered the results and pushed the stock higher by around 5 percent. According to Maynard Um of Wells Fargo, Apple's report contained a combination of good and bad, which prompted the...
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The Good, The Bad And The Bottom Line From Seagate's Strong Quarter
Wednesday, January 25, 2017 - 10:22am | 423Seagate Technology PLC (NASDAQ: STX) reported strong results for the December quarter, with significant strength in the gross margin, upside in non-GDD sales and notebook HDD sales ahead of the estimate. Wells Fargo’s Maynard Um maintains a Market Perform rating on the company. Robust Quarter...
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Apple Is Facing An 'Off' Year In 2017
Tuesday, October 25, 2016 - 12:19pm | 361Maynard Um of Wells Fargo sees Apple Inc. (NASDAQ: AAPL) reporting earnings and sales above Street when it reports after market close. Um projects revenue and EPS of $47.6 billion and $1.71, above the Street's $47 billion/$1.65, driven by an accelerated iPhone country launch. “Our...
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Nokia Shares Move Lower In Sympathy With Ericsson's Gloomy Q3 Outlook
Wednesday, October 12, 2016 - 2:37pm | 393After Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) provided a gloomy outlook for the third quarter, investors found that Nokia Corp (ADR) (NYSE: NOK) could also face similar issues. Wells Fargo sees that Nokia might not announce a material miss in the September quarter when it announces its...
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Wells Fargo Downgrade Catches Apple Bulls Off Guard
Friday, September 9, 2016 - 11:03am | 389Apple Inc. (NASDAQ: AAPL) is trading mostly flat in early Friday trading after a Thursday downgrade by Wells Fargo caught Apple bulls off guard. Apple unveiled its highly-anticipated iPhone 7 and Apple Watch 2 this week, but Wells Fargo analyst Maynard Um wasn’t impressed. “We see risk/...
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What Everyone's Saying About The New Apple Watch
Thursday, September 8, 2016 - 4:13pm | 525Apple Inc. (NASDAQ: AAPL) presented its new smartwatch on Wednesday: the Apple Watch Series 2. The new device, Chief Operating Officer Jeff Williams said, offers a suite of novel features, including the possibility to contact emergency services instantly, the integration of Nintendo Co., Ltd (ADR...
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Wells Fargo Downgrades Apple, Sees Limited Upside In The $105-$120 Range
Thursday, September 8, 2016 - 8:13am | 387Wells Fargo’s Maynard Um believes that given that Apple Inc. (NASDAQ: AAPL) shares are up 12 percent since the company’s earnings release on August 26 and due to the limited visibility, the risk/reward on the stock is balanced at the current levels. Um downgraded the rating on the...