Apple Betting Big on Production of Forthcoming iPhones, Says BlueFin

Apple is ramping up production of forthcoming iPhone models to what would be higher levels than ever before produced, write analysts with BlueFin Research Partners. That implies a confidence on Apple's part that three new models will induce customers who sat out the iPhone X, thereby boosting upgrade rates.

Wait, Tesla’s Model 3 Numbers Don’t Matter?

Tesla bull Pierre Ferragu of New Street Research doesn't really care what Tesla reports next week in terms of production numbers for its Model 3, as obsessing over such metrics are a bit of distraction from the long-term point of the company's mission, he writes.

Tech Today: Apple’s Other Stuff, Tesla’s Numbers, Domo’s IPO

Apple's planning to dump the "SE" low-priced iPhone model according to boutique research house BlueFin, and Apple's business can thrive based on lots of little innovations like the AirPods according to RBC Capital, Tesla's employees are speculating the company will miss its production target but one bullish analyst thinks it doesn't matter much, the IPO of software vendor Domo jumps 20% on debut, Amazon's PillPack buy causes a wave of price target cuts on the pharmacy stocks while its moves in the delivery business shouldn't be much of a worry to Fedex and UPS.

Tech Today: Google vs Amazon, Buying Tesla, Lattice’s Turnaround

Amazon's acquisition of pharmacy startup PillPack freaks out pharmacy stocks while its offer to help start small delivery businesses could be key to Whole Foods' expansion, Alphabet's Google needs to give away its home speaker to combat Amazon according to Morgan Stanley analyst Brian Nowak, now is the time to buy Tesla stock ahead of next week's Model 3 numbers according to Baird's Brian Kallo, T-Mobile's chances of getting Sprint are looking a little better to Wells Fargo's Jennifer Fritzsche, Lattice semiconductor may bounce back with new management and activist input thinks Dougherty's Charles Anderson, Square is no Amazon so says SunTrust, Twilio has a brilliant opportunity according to Argus, and Apple is set to see its supplies of OLED displays for iPhone expand according to Bloomberg.

Tech Today: Apple Suppliers Rocked, Stitch Fix Soars, Snap a Work in Progress

Shares of Cirrus Logic, Skyworks Solutions and other Apple suppliers drop on word the iPhone may see 20% lower production rates this year compared to last, Snap is a work in press according to Aegis Capital's Victor Anthony, Verizon names a new CEO, PayPal has expanding opportunities with Visa and MasterCard collaborations, the chorus is rising about slowing sales of chip equipment, and the market for storage equipment using flash-based storage is on fire accordion to Morgan Stanley's Katy Huberty.

Tech Today: Trouble for Lam Research, Zscaler Soars, ZTE Gets a Reprieve

Lam Research stock is down 6% as Evercore says the company could be hit by delays in buying equipment by customer Samsung, Zscaler soars 24% as its first results as a public company beat expectations, Chinese equipment maker ZTE gets a reprieve from the U.S. Commerce Department that should be good news for chip makers, Okta is one cloud software maker whose results are driving price target increases, MongoDB stock is down as its fails to show operating profit leverage, and Jamie Dimon and Warren Buffett take to the airwaves to urge companies not to make forecasts.

Tech Today: Defending Micron, Apple’s Narrative, Can Tesla Make Cars?

Tesla's ability to meet Model 3 production goals is questioned by Needham analyst Rajvindra Gill as he starts the stock at Hold, Google's signing on more Chrysler SUVs for its Waymo self-driving unit and perhaps pointing a way to monetizing that business according to Morgan Stanley, Apple shares get a price target increase at UBS as its "narrative" shifts, Micron Technology's stock is defended by MIzuho analyst Vijay Rakesh after being downgraded yesterday at Morgan Stanley, and Workday's quarterly results come up short even as new cloud software darling Zuora zooms 17% on its results.

Micron: Pendulum Has Swung to Overly Optimistic, Says Morgan Stanley

A 40% jump in shares of Micron Technology over the course of 3 weeks means sentiment has swung to being too optimistic, writes Morgan Stanley's Joseph Moore as he cuts the stock to the equivalent of a Hold. He sees risk of big price drops in NAND flash later this year, and possibly for DRAM in 2019.

Real Time Economics: Why Markets Love the Fed Minutes and Hate Auto Tariffs

This is the web version of the WSJ’s economic newsletter. You can sign up for daily delivery here. Good morning! Today, our Fed watcher, Nick Timiraos, digs into the newly dovish Fed take on inflation, we look at potential new U.S. tariffs on auto imports, and find employers using putting greens and craft beer to lure workers into the plumbing industry. JUST WAIT A MINUTE Stocks and bonds rallied strongly on the release of minutes from the Fed’s May meeting thanks to new hints that officials are relaxed about inflation​, WSJ Fed watcher Nick Timiraos tells us​. First, the minutes detail a discussion in which officials saw “a temporary period of inflation modestly above 2%” as “helpful in anchoring longer-run inflation expectations.” That reinforces prior signals that inflation over 2% won’t bother them: they’ve emphasized their inflation target is symmetric, meaning they won’t dial up rate increases if inflation rises above Continue reading "Real Time Economics: Why Markets Love the Fed Minutes and Hate Auto Tariffs"

Real Time Economics: Why Markets Love the Fed Minutes and Hate Auto Tariffs

This is the web version of the WSJ’s economic newsletter. You can sign up for daily delivery here. Good morning! Today, our Fed watcher, Nick Timiraos, digs into the newly dovish Fed take on inflation, we look at potential new U.S. tariffs on auto imports, and find employers using putting greens and craft beer to lure workers into the plumbing industry. JUST WAIT A MINUTE Stocks and bonds rallied strongly on the release of minutes from the Fed’s May meeting thanks to new hints that officials are relaxed about inflation​, WSJ Fed watcher Nick Timiraos tells us​. First, the minutes detail a discussion in which officials saw “a temporary period of inflation modestly above 2%” as “helpful in anchoring longer-run inflation expectations.” That reinforces prior signals that inflation over 2% won’t bother them: they’ve emphasized their inflation target is symmetric, meaning they won’t dial up rate increases if inflation rises above Continue reading "Real Time Economics: Why Markets Love the Fed Minutes and Hate Auto Tariffs"