Yahoo Finance Today’s Research Reports on Stocks to Watch: Apple and Facebook
NEW YORK, NY / ACCESSWIRE / November 13, 2018 / Facebook shares saw their lowest close in over a year on Monday, dragging with many tech stocks and after experiencing an outage on its platform for many users. Shares of Apple were also in the red as JP Morgan cut its price target on the stock for the second time this month.
RDI Initiates Coverage on:
Apple Inc.
https://rdinvesting.com/news/?ticker=AAPL
Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB
Apple Inc. shares closed down 5.04% on about 51 million shares traded on Monday. There were several reasons for Apple falling yesterday, one being that tech stocks were overall in the red. Another being that JP Morgan had slashed its price target for Apple for the second time this month. It also cut its earnings estimates for Apple reasoning that there are modest declines in iPhone shipments for this year and for 2019. Shares of Asian suppliers and assemblers for the iPhone maker were in the red yesterday as they reported profit warnings due to iPhone sales being weak. Apple had warned that it would miss analysts' expectations this holiday due to weakness in emerging markets including India and foreign-exchange costs.
Access RDI’s Apple Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAPL
Facebook, Inc. shares closed down 2.35% on about 18.5 million shares traded. The social media giant was one among many tech stocks to plunge on Monday. Shares closed at their lowest since April 2017. The company experienced an outage yesterday for some users with an error message popping up that said "Sorry, something went wrong. We're working on it and we'll get it fixed as soon as we can." In a statement to USA TODAY, a Facebook spokesperson said the outage was the result of a "routine test." The spokesperson said, "Earlier today, a routine test caused users to have trouble accessing or posting to all Facebook services including WhatsApp and Instagram. We quickly investigated and restored access for everyone. We’re sorry for the inconvenience." According to the Wall Street Journal, Facebook also said it would stop requiring workers to settle claims in private arbitration. “There’s no question that we’re at a pivotal moment,” Lori Goler, Facebook’s VP of people said in an interview with WSJ. “This is a time when we can be part of taking the next step.” A Facebook representative also said to CNBC, "Today, we are publishing our updated Workplace Relationships policy and amending our arbitration agreements to make arbitration a choice rather than a requirement in sexual harassment claims."
Access RDI’s Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB
Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Facebook, Inc. (NASDAQ: FB) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
