Justin Sullivan Investment Thesis Going into the event last week, the market had high expectations around the new iPhone 16 given this is one of the first AI-enabled devices that Apple Inc. (NASDAQ:AAPL) has ever launched. I think the stock's rally in the months leading up to the launch showed that investors are betting on a wave of upgrades this cycle, particularly given that a portion of the current installed base has not been upgraded in four years. Some analysts are bullish, projecting a "supercycle" th ...

Barclays PLC (BCS) has been facing challenges to sell a stake in its U.K. merchant payments unit due to varied opinions on that business’ valuation, four people with knowledge of the matter informed Reuters.What Makes This Pursuit Challenging for Barclays?According to two of the sources, Brookfield was among the private equity firms that withdrew from bidding in recent months due to BCS’s high asking price. Other sources mentioned that negotiations have been complicated by the acquisition of Takepayments, o ...

Harmonic, Inc. (HLIT) recently announced that its VOS 360 Ad SaaS has successfully achieved technical validation from FreeWheel, a comprehensive ad platform provider for publishers, advertisers and media buyers. FreeWheel’s interoperable platform offers a unique and effective way to connect broadcasters, publishers and advertisers and optimize the decision-making process to deliver relevant ads and enhance revenue potential.Harmonic VOS360 Ad is a leading-edge solution that utilizes server-side ad insertion ...

An analyst cut his forecast for iPhone 16 orders. Shares of Broadcom (AVGO -2.20%), Taiwan Semiconductor Manufacturing (TSM -2.60%), and Arm Holdings (ARM -5.46%) were down 3.3%, 2.5%, and 4.3% on Monday as of 11:30 a.m. ET. Shares of all three were down even more earlier in the morning. All three of these companies are key suppliers to the Apple iPhone. This morning, a notable Asia-based Apple analyst wrote that initial orders for the iPhone 16 were weaker than expected. So, all three of these stocks fell ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth ...

MIAMI, FL , Sept. 16, 2024 (GLOBE NEWSWIRE) -- Clover Leaf Capital Corp. (Nasdaq: CLOE) (“CLOE” or “Clover Leaf”), a publicly traded special purpose acquisition company, and Digital Ally, Inc. (Nasdaq: DGLY) (“Digital Ally”) today announced that its special meeting of its stockholders in lieu of its 2024 Annual Meeting of Stockholders (the “Meeting” ) to approve its proposed initial business combination has been further postponed to 10:00 a.m., Eastern Time on Friday, September 20, 2024. At the meeting, st ...

Shipments will support the Space Development Agency's Tranche 1 program MUNICH, Sept. 16, 2024 /PRNewswire/ -- Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced the successful advancement of the company's volume production ramp for the CONDOR Mk3. Mynaric continues to work through previously announced production delays and has realized near-term improvement in production yields and supply chain-related bottlen ...

Over the weekend, Nuvalent, Inc. NUVL highlighted the presentation of updated data from Phase 1 doseescalation portions of the ongoing ARROS-1 Phase 1/2 trial of zidesamtinib and ALKOVE-1 Phase 1/2 trial of NVL-655, at the European Society for Medical Oncology (ESMO) Congress 2024. In total, 227 patients were enrolled in the Phase 2 portion of the ARROS-1 trial of zidesamtinib for TKI-naïve and TKI-pretreated patients with advanced ROS1-positive NSCLC and other solid tumors. The company expects to report pi ...

alvarez/E+ via Getty Images Introduction Prospective investors looking for small-cap proxies to play the domestic residential furniture market may be interested in Haverty Furniture (NYSE:HVT) a premium retailer with 120 stores across 17 states in the Southern and Midwest regions of America. Most of its products are priced in the middle to upper-middle price ranges, and the company refrains from stocking up on promotional price-driven products that typically characterize the product portfolio of most region ...

Genuine Parts (GPC) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on July 23 of this year. The company distributes automov. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day. Description Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacemen ...