Why Tesla, Apple, Alibaba, and Two Other Stocks Are Trending Today

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Apple’s Next iPhone is Expected to Have More Storage

According to the Wall Street JournalApple Inc. (NASDAQ:AAPL)‘s next iPhone is expected to be thinner, more water resistant, sport a better camera, and have more storage (for entry level phones). Currently the entry level iPhone gives users 16 GB and analysts expect the next iPhone to provide double the space, or 32 GB. A better iPhone will help ramp up Apple profit and revenues, which have been languishing of late. A total of 152 funds tracked by us were long Apple Inc. (NASDAQ:AAPL) at the end of the first quarter, up by 19 funds from the previous quarter.

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Alibaba Plans for a Driverless Future

China’s e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) is trending after CTO Wang Jian told Reuters that Alibaba is planning to ‘quickly introduce driverless vehicle technology’. Alibaba is apparently working with China’s SAIC Motor Corp to adapt some driverless tech aspects into a vehicle that is expected to go on sale in 2016. A fully automated car may still be several years away, however. At the end of March, 67 funds from the Insider Monkey database owned shares of Alibaba Group Holding Ltd (NYSE:BABA), down by 10 funds over the quarter.

Analysts Give Thumbs Up to Himax 

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares are in the green today after analysts at Nomura upgraded the stock to ‘Buy’ from ‘Neutral’ and set a $9.70 price target. Himax provided better-than-expected guidance on Tuesday and analysts think the chip manufacturer has a bright future, given the strong growth outlook for augmented reality/virtual reality products such as Microsoft’s HoloLens. The number of funds tracked by us with holdings in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) rose by 10 quarter-over-quarter to 27 at the end of March.

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Disclosure: none

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