Why Twitter, Wells Fargo, and Three Other Stocks Are in Spotlight on Friday

Apple Inc. (NASDAQ:AAPL) is trending after Reuters reported that Japanese regulators are considering filing suit/taking action against Apple for potential antitrust violations concerning Apple’s supply agreements with Japan’s top telecoms. According to some complaints, the telecoms refused to sell older surplus iPhones to third party retailers and thus hurt some of the smaller competitors. Any meaningful negative action could hurt Apple’s profit margins in Japan, which has been one of the tech giant’s more profitable markets so far. The number of investors tracked by us with holdings in Apple Inc. (NASDAQ:AAPL) fell by 36 quarter-over-quarter to 116 at the end of June.

Finish Line Inc (NASDAQ:FINL) earned $0.53 per share on revenue of $509.4 million in its fiscal second quarter, meeting the bottom-line expectations and beating the top-line consensus estimate by $14.36 million. Sales for the time period were brisk, as revenues rose by 5.4% year-over-year due to a 5.1% year-over-year rise in comparable store sales. For the fiscal fiscal 2017, Finish Line expects similar trends, with comparable store sales guidance standing between 3% and 5% and adjusted EPS coming in between $1.50 and $1.56. A total of 21 funds from our database were long Finish Line Inc (NASDAQ:FINL) at the end of June, up by five funds from the previous quarter.

Investors are talking about Yum! Brands, Inc. (NYSE:YUM) after RBC downgraded the stock to ‘Outperform’ from ‘Top Pick’ mainly for valuation reasons. Yum shares have surged by 26% year-to-date and now trade for 21.6 times forward earning. Although RBC downgraded the stock, the analysts are still long-term bullish and have kept their price target of $97 per share. At the end of June, 46 funds tracked by Insider Monkey were long Yum! Brands, Inc. (NYSE:YUM), compared to 51 fund a quarter earlier.

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