Apple Inc.’s services segment could be worth over $240B, making it a big reason to buy AAPL stock.
Shares of Cupertino, California-basedApple (NSDQ:AAPL) were recently namedby RBC capital markets’ analysts among the top tech stock picks for 2017. This is in stark contrast to 2016, a year in which AAPL stock has barely managed to beat the S&P 500 (INDX:SPAL). Apple stock price is up by 10.7% in the year-to-date, marginally lower than the 10.75% returned by the S&P 500 in the same period. With such a lackluster performance in 2016, is AAPL stock a good buy heading into 2017? Well, Apple’s services business surely deserves more attention, as we believe this could fuel a multiple expansion driven rally in Apple stock price. Here is why Apple’s services business could drive AAPL stock higher in 2017.
stock prices: Constellation Brands Inc(STZ)
- [By Rich Duprey]
It’s not all bad news, as brewers such as Lagunitas and Dogfish Head, among others, were up by double-digit percentages. Constellation Brands (NYSE:STZ) also surged, and though much of that increase might be attributable to its imported Corona brands, it also has its Ballast Point craft brand to thank, as it’s been living up to its reputation as the fastest-growing craft beer.
- [By Ben Levisohn]
As the stock market has rallied sinceDonald Trump’s election in November, Constellation Brands (STZ) has basically sat it out, weighed down by concerns that a new tax plan would hurt the multinational alcoholic beverage company’s profits.
- [By WWW.THESTREET.COM]
Is it time to crown a new king of beers? After speaking with Constellation Brands (STZ) CEO on Thursday night’s show, Cramer said it was time to take a fresh look at the beer sector to see if a reshuffling is in order.
- [By Teresa Rivas]
A better than expected first quarter is fueling gains forConstellation Brands (STZ) on Thursday.
The spirits maker said it earned $1.54 a share on revenue that climbed 14.8% to $.187 billion. Analysts were expecting earnings of $1.52 a share on revenue of $1.83 billion. Constellation also reaffirmed its full year guidance for earnings per share between $6.05 and $6.35, compared to the $6.27 consensus estimate.
Wells Fargos Bonnie Herzog reiterated an Outperform rating on the stock following the report:
Strong pricing growth and mix benefits drove 54bps gross margin and 72bps in operating margin expansion in beer resulting in a record 35.6% beer op margin.Wineshipment volumes were up a solid 4.5% with net pricing of 3.7%, both above our expectations. Mix benefits helped drive a solid 164bps of wine & spirits operating margin expansion.Overall we are encouraged by STZ’s results in both segments, as they reflect the benefits of its strategic investments and strong execution.As planned, STZ completed the next phase of its Nava brewery expansion to provide 20M hl of capacity. Outlook Maintained:Despite the earnings beat, and impressive EPS growth,STZ maintained its guidance for FY17, which we continue to believe remains very conservative, given it implies only 8.1% – 15.3% EPS growth on average for the remaining 3 quarters of the year.Bottom Line: We continue to think STZ has excellent momentum and are encouraged by this quarter’s impressiv e results. While we were somewhat disappointed that management did not raise guidance, we believe underlying trends should support strong results above the current outlook.The stock’s reaction to STZ’s earnings beat could be tempered by guidance being maintained.
The shares are up 2.4% to $163.14 in recent trading.
stock prices: Interactive Intelligence Inc.(ININ)
- [By Lisa Levin]
Interactive Intelligence Group Inc (NASDAQ: ININ) shares were also up, gaining 18 percent to $28.06 after the company reported stronger-than-expected quarterly results.
stock prices: International Speedway Corporation(ISCA)
- [By Monica Gerson]
International Speedway Corp (NASDAQ: ISCA) is projected to report its quarterly earnings at $0.41 per share on revenue of $146.09 million. International Speedway shares declined 1.65 percent to close at $36.26 yesterday.
- [By Monica Gerson]
International Speedway Corp (NASDAQ: ISCA) is estimated to report its quarterly earnings at $0.41 per share on revenue of $146.09 million.
Mitcham Industries, Inc. (NASDAQ: MIND) is projected to post a quarterly loss at $0.36 per share on revenue of $10.99 million.
stock prices: Yandex N.V.(YNDX)
- [By Lee Jackson]
Yandex N.V. (NASDAQ: YNDX) is the Google of Russia. It was very bold on the growing marketplace there, and its beta tests of a new back end have been very positive and should be rolled out soon. Deutsche Bank has a $38 price target, and the consensus is $40, in U.S. dollars.
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.
Pier 1 Imports Inc (NYSE: PIR) Dec16 5.0 Puts Sweep: 1191 @ ASK $0.80: 1354 traded vs 102 OI: $5.32 Ref Alcoa Inc (NYSE: AA) Jul16 9.5 Puts Sweep: 1494 @ ASK $0.13: 14k traded vs 6682 OI: $10.09 Ref Sarepta Therapeutics Inc (NASDAQ: SRPT) Jul16 10.0 Puts: 3536 @ ASK $0.50: 5506 traded vs 54k OI: Earnings 8/4 $22.50 Ref Tableau Software Inc (NYSE: DATA) Jul16 47.5 Puts Sweep: 837 @ ASK $0.30: 995 traded vs 37 OI: Earnings 8/3 $50.60 Ref Yandex NV (NASDAQ: YNDX) Aug16 18.0 Puts Sweep: 532 @ ASK $0.30: 2143 traded vs 78 OI: Earnings 7/28 Before Open $22.02 Ref Wolverine World Wide, Inc. (NYSE: WWW) Aug16 22.5 Puts: 719 @ ASK $1.35: 1032 traded vs 0 OI: Earnings 7/19 $22.22 Ref Conn's Inc (NASDAQ: CONN) Jan17 5.0 Puts Sweep: 605 @ ASK $0.85: 1355 traded vs 3132 OI: $7.16 Ref
Posted-In: Huge Put PurchasesNews Options Markets
stock prices: Grifols, S.A.(GRFS)
- [By Monica Wolfe]
Grifols SA (GRFS)
Paulsons fourth largest holding is in Grifols SA where he holds on to 19,786,279 shares of the companys stock. His position in the company represents 4% of his total portfolio and 5.76% of the companys shares outstanding.
stock prices: Golden Star Resources Ltd(GSS)
- [By Cameron Saucier]
Golden Star (NYSEMKT: GSS) is a gold mining and exploration company, and operates gold mines in Ghana, West Africa. GSS is up 396% YTD after it announced in July that it had begun pre-commercial production of gold in an underground mine in Ghana. GSS is trading at $0.825 per share on Monday intraday.