Today’s Research Reports on Stocks to Watch: Apple and Netflix

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / Apple shares took a dive on Monday after reports revealed that the company has told suppliers to cut iPhone X production in half. Shares of Netflix were on a rampage after an analyst said the company is yet to hit its subscriber growth peak. The streaming company soared to a new high.

RDI Initiates Coverage on:

Apple Inc.
http://www.rdinvesting.com/report/?ticker=AAPL

Netflix, Inc.
http://www.rdinvesting.com/report/?ticker=NFLX

Apple Inc. shares closed down 2.07% on Monday on about 50.6 million shares traded. The stock saw trading volume almost double compared to usual yesterday. Shares of the tech company went south after reports revealed that Apple has told its suppliers to cut iPhone X production in half to 20 million units for Q1. According to the Nikkei report, which cited unnamed supply-chain sources, “Apple will halve its production target for the iPhone X in the three-month period from January from the figure of over 40 million units envisaged at the time of its release in November. The U.S. tech giant notified suppliers that it had decided to cut the target for the period to around 20 million units, in light of slower-than-expected sales in the year-end holiday shopping season in key markets such as Europe, the U.S. and China.” The Nikkei report also stated, “Apple is believed to have started considering an increase to proportion of liquid crystal display iPhone models by reducing production of the OLED screen models scheduled for release this year.”

Access RDI’s Apple Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=AAPL

Netflix, Inc. shares closed up 3.64% on about 17.5 million shares yesterday. The streaming giant hit a new high of $286.81 during intra-day trading. On Monday MKM Partners analyst Rob Sanderson raised his 12-month price target on the stock from $245 to $320. Considering that this is a 17% premium from this past Friday’s closing price, it had traders pretty excited. The analyst wrote in a note that his price target raise was a result of the company’s fourth quarter earnings it recently released. Netflix had reported impressive subscriber growth and according to Sanderson, the company’s subscriber growth could be still years away. He wrote, “While there is certainly a bullish sentiment surrounding the stock, we think that many investors still underestimate the Netflix story particularly with respect to the penetration opportunity around the world. We think that continued subscriber momentum, both domestic and international will lead to a rethinking of earnings power.” In the last 12 months, Netflix shares have soared nearly 100%.

Access RDI’s Netflix, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=NFLX

Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Netflix, Inc. (NASDAQ: NFLX) can be downloaded free of charge at Research Driven Investing.

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