Techquity: Apple investors vs. analysts, Facebook's friend
Monday, January 14, 2013 - 02:58
Jan 14 - Investors sell Apple while analysts see upside; Facebook gets another upgrade.
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Next analysts -- investors on apple. Yet another friend for FaceBook and other deals -- Netflix. First up apple reports of weaker iPhone 5 demand hitting the stock. Shares trading below the 500 dollar mark earlier in the session. The first time that's happened since February 16 of last year the stock is down close to 30% from 705 dollar high here in September. Japan's Nikkei saying apple -- orders for LCD screens and other parts iPhone 5 this quarter due to softer demand. -- and a sharp LG in Japan just like to reduce supplies by about 50%. Apple suppliers taking it on the reports Cirrus Logic among the biggest decliners. Along investors are selling analysts still see outside the top ranked analysts tracked by Thomson Reuters storm lines the apple posts you quarterly profit. More than 2% above the consensus when apple reports results next week. Deutsche Bank has joined the parade of analysts to talk up FaceBook. It's raising its rating -- exciting explosive growth potential from advertising in news feeds on the side. Deutsche Bank raises price target to forty bucks two dollars above IPO price shares were up initially now down about 2%. The market gyrations coming one day ahead of the announcement from Mark Zuckerberg and company the speculation fast and furious that the pills on them. Netflix has expanded its relationship with Time Warner -- -- signing licensing deals for previous seasons of shows from Cartoon Network and the new version of Dallas. Netflix said last week it would carry previous seasons of several popular Warner Bros. TV titles shares are up more than 2% today. In our best of the rest today Hewlett-Packard. CEO Meg Whitman profiting big from from from a loss. Her compensation more than fifteen million dollars in fiscal when he twelve as a company posted a net loss. It was also the worst performing stock in the Dow Industrials for the county year. Here's turning around so -- 2013. HP the best performance that now JPMorgan raising its price target from fifteen to 21 dollars. -- headline news just can't get much worse. Soaring and -- time our look at movers soaring Research in Motion. Shares of Blackberry maker up 10% as anticipation building had an unveiling with a Blackberry can at the end of the month. And sputtering sprint. JPMorgan and UBS cutting their rating on the stock JPMorgan concerned about heavy capital expenditures. Shares down about 3%. And that's tech but he this Monday. Remember you can follow us on Twitter RT IRS technically I'm Fred Katayama and this is what.
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