Weekly Recap 7-12/7-18: Apple Inc. (AAPL), T-Mobile US Inc (TMUS), Facebook Inc (FB)
It was a good week with Greece agreeing for more austerity and finally having a deal with Eurozone after few weeks of negotiations and drama. The market also cheered positive earnings from the likes of JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC), Netflix, Inc. (NASDAQ:NFLX), and Google Inc (NASDAQ:GOOGL). Below were the top articles which stood out in terms of reader interest.
Apple Inc. (NASDAQ:AAPL) released more models of iPod Touch and iPad Nano models. The announcement came on 15th July. Different colors of iPods which the company announced were in space gray, silver, gold, pink and blue. Not only that there was good news for ultra-portable iPod users was introduction of 8 megapixel iSight® camera.
PayPal Holdings Inc (NASDAQ:PYPLV) will officially start trading on bourses on 20th July. The stock has been on analyst’s radar. A Goldman Sachs analyst has a positive outlook on the stock with a target price of $48.
An independent survey carried out by WebpageFX stated that Sprint Corp (NYSE:S) and T-Mobile US Inc (NYSE:TMUS) lead market share in terms of providing mobile data with 44.84% and 25.37% based on 3G and 4G resources. The next in line was Verizon Communications Inc. (NYSE:VZ) followed by AT&T Inc. (NYSE:T).
Apple Inc. (NASDAQ:AAPL) is not only making waves in technology space with its iPhones but it is also one of the most sought device by pharma companies. GlaxoSmithKline plc (ADR) (NYSE:GSK) and Purdue want to use ResearchKit platform by using research data through the Smartphone’s open source.
Microsoft Corporation (NASDAQ:MSFT) is all set to launch Lumia 940 and 940 XL in November which would have Iris scanner feature and is rumored to be costlier than iPhone 6. The phones are expected to have 3GB of RAM and come with 32GB space.
JPMorgan Chase & Co (NYSE:JPM) did well to top street expectations when it came to revenue and profits. However, analysts from RBC Capital Market sought clarification on credit downgrade. CEO Jamie Dimon also talked about M&A in Greece, reduction in expenses along with few other things.
Comcast Corporation (NASDAQ:CMCSA) launched new video streaming service which will allow customers to have access to some channels including HBO apart from cloud based DVR service. The service is first of its kind launched by a cable company which will have a cost of $15 per month.
InvestCorrectly had released a report on Facebook Inc (NASDAQ:FB) on 9th April with a price target of $90.20 in six months outlining fundamental drivers. The target was achieved ahead of time on 13th July when the stock made an all time high of $90.22. However, Facebook Inc (NASDAQ:FB) continued to trade up and closed at $94.97 in Friday’s trading session. Moving ahead, the results would be keenly watched.
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