Cheetah Mobile Inc (ADR) CMCM 1.68% is the subject of an extremely bearish new report out Thursday morning from Prescience Point Research Group. Prescience didn’t pull any punches when discussing what it claims is “fabricated” Cheetah Mobile revenue.
At this point, there’s nothing under-the-radar about Apple Inc. AAPL 0.56% or its bevy of popular devices. Every investor is watching to see how the iPhone X will be received, and Apple’s 35 percent year-to-date surge is a sign that most people are confident it will be yet another success in Cupertino.
Advanced Micro Devices, Inc. AMD 1.16% stock tanked more than 12 percent on Wednesday after the company reported third-quarter earnings that clearly disappointed the market. A number of Wall Street analysts weighed in on AMD following the report.
Apple Inc. AAPL 0.56% stock is already up more than 35 percent year-to-date, but HSBC analyst Steven Pelayo says it’s not too late for buyers to jump into the stock. In fact, HSBC has initiated coverage of Apple with a Buy rating, and Pelayo sees at least three catalysts for the stock to trend higher in coming months.
International Business Machines Corp. IBM 0.1% investors were treated to a huge 8.8 percent gain last Wednesday following a major third-quarter earnings beat. IBM bulls were thrilled when the rally continued for another two days, with the stock gaining 0.8 percent on Thursday and 0.7 percent on Friday to reach its highest level since April.
The latest data from Boston Retail Partners suggest Apple Inc. AAPL 0.56% is now the top dog in the digital payments business. According to the study, 36 percent of North American retailers already accept Apple Pay as a payment option, more than any other digital payment system.
Petmed Express Inc PETS 1.98% is coming back down to earth Tuesday after a huge 18-percent gain to start the week. Investors were clearly impressed by the stock’s big earnings beat Monday, but the magnitude of Monday’s move suggests short covering may have played a role in the big move.
Quicken Loans is teaming with Federal National Mortgage Association FNMA 1.07% to leverage the power of technology and provide mortgage applicants with a simplified, one-stop digital verification service. The Single Source Validation pilot program allows homebuyers and to digitally verify assets, employment and income all in one step.
Etsy Inc ETSY 0.3% has demonstrated some major resilience over the past two years in the face of increasing competition from Amazon.com, Inc AMZN 0.65%. When Amazon first announced its entry into the handmade goods business, many traders feared the worst for Etsy. However, up to this point, Amazon still hasn’t gained major traction in the handmade category.
Advanced Micro Devices, Inc. AMD 1.16% reports its third-quarter earnings after the closing bell Thursday, and expectations are high. On Monday, Deutsche Bank analyst Ross Seymore said he expects AMD to meet or beat earnings and sales expectations but sees little upside for the stock following its 116 percent gain in the past year.