Four major companies are attracting attention in morning trading. While the news wasn’t all positive, all four stocks are trending in the right direction to close out the week nonetheless. Let’s see what has investors talking about these stocks and what impact the news in question will have on them going forward.
We’ll start with Apple Inc. (NASDAQ:AAPL), which analysts have released conflicting statements on this morning, but which is up by 2.33% regardless. On the one hand, Morgan Stanley (NYSE:MS) analyst Katy Huberty expects Apple to post in-line results for the third quarter (Apple’s fiscal fourth quarter of 2015), while guiding towards iPhone sales growth in the fourth quarter (Apple’s first quarter of fiscal year 2016). Huberty has an ‘Overweight’ rating and $162 price target on Apple Inc. (NASDAQ:AAPL). On the other hand, Citigroup Inc (NYSE:C) analyst Jim Suva removed Apple from the firm’s U.S Focus List, while also lowering his iPhone sales estimates for the current quarter. Suva does however maintain a ‘Buy’ rating and $145 price target on Apple Inc. (NASDAQ:AAPL). David Einhorn remains bullish on Apple, as does Carl Icahn, the latter owning 52.76 million shares of the tech giant on June 30.
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Twitter Inc (NYSE:TWTR) is up by 3.81% this morning after new CEO Jack Dorsey announced that he would donate one-third of his Twitter shares towards an equity pool for its employees. The generous move is being well-received by investors, who suspect it will turn around lagging morale at the company and make it a more attractive destination for top talent. Dorsey announced last week that Twitter Inc (NYSE:TWTR) would cut over 300 jobs as it looks to improve efficiency and cut costs. It will be interesting to see what effect Dorsey’s moves have on hedge fund sentiment towards the stock, which was poor among the investors that we track during the second quarter. The number of elite funds in our database with long positions in Twitter Inc (NYSE:TWTR) declined by 17 to 47 during that period.
We have two more big stocks on the following page that are making headlines and trending upwards today.