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Apple has 21% upside potential as iPhone 13 sales set to surpass investors' low expectations, JPMorgan says

2 monthes ago   |   By Business Insider

Apple CEO Tim Cook inspects the new iPhone XR during an Apple special event at the Steve Jobs Theatre on September 12, 2018 in Cupertino, California.
Justin Sullivan/Getty Images
Apple's upcoming iPhone 13 launch should help boost shares by 21%, according to JPMorgan. The bank raised its price target on Apple to $170 from $165 and reiterated its Overweight rating. "We expect the outperformance beyond the September launch to be supported by iPhone 13 volumes outperforming relatively low investor expectations," JPMorgan said. Sign up here for our daily newsletter, 10 Things Before the...
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Retail investors poured almost $28 billion into the stock market in June, the highest monthly inflow since 2014

2 monthes ago   |   By Business Insider

People visit the Charging Bull statue in New York City.
Noam Galai/Getty Images
A millions-strong army of bullish retail investors poured nearly $28 billion into the stock market last month.
70% of retail investors thought stocks would continue to climb over the next quarter, versus 44% of professional investors.
20 million new retail brokerage accounts have been opened in the past year and a half.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
A millions-strong army of bullish retail investors poured nearly $28 billion into the stock market last month...
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AMC cancels vote on the sale of 25 million new shares after investors diverge from CEO and rally against it

2 monthes ago   |   By Business Insider

Adam Aron, AMC CEO
Alberto E. Rodriguez / Getty Images
AMC canceled a vote to authorize the sale of up to 25 million more shares, SEC filings show.
AMC CEO Adam Aron tweeted that many shareholders had come out against the proposal.
Shares of AMC jumped as high as 5.9% after the opening bell on Tuesday.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
AMC canceled a proposal that would have asked its shareholders to allow the movie theater chain to issue up to 25 million more shares, SEC filings show. CEO Adam Aron tweeted on Tuesday that AMC would not proceed with...
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Granada's Alhambra

Granada's Alhambra

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Recipe: Making Alcapurrias at Home

Recipe: Making Alcapurrias at Home

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Ask Amy: This woman's place is in the home - alone!

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The GOP governor of Arkansas, where vaccines are lagging and COVID-19 is...

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NASA's Mars helicopter nailed its 10th flight - double what engineers had...

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After a Hillsong Church member who derided the vaccine online died of...

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Does Brad Keselowski Own One Single Suit Jacket? Jalopnik Investigates

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The best of the Greater Kruger outside the Sabi Sands

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Robinhood promises to fix 'the issues' that outraged customers when it...

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