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- Yahoo
Wedbush Sticks with AAPL $270 Call on China Rebound
Apple (NASDAQ:AAPL) is sticking with Wedbush's Outperform rating and a $270 price target as investors wait on Thursday's fiscal Q4 results. If you ask Wedbush's Daniel Ives, Asia checks suggest global iPhone demand is holding up with a mini rebound in China after a slowdown lasting a year. They note about 20% of Apple's 1.5 billion installed base hasn't upgraded in over 4 years, which could fuel unit growth when the iPhone 17 drops in September. They still see tariff headwinds and US India supply chain tensions as risks to keep on your radar. They also expect Services revenue to shine again thanks to App Store sales and digital subscriptions, calling this quarter just the appetizer. But here is the kicker: Apple's AI strategy is essentially invisible right now. Wedbush pegs up to $75 per share of untapped AI value and even suggests Cupertino consider acquiring Perplexity to catch up with rivals. This article first appeared on GuruFocus.
Yahoo
a minute ago
- Yahoo
SPY Gains $2.3B as S 500 Retreats From Record High
The SPDR S&P 500 ETF Trust (SPY) attracted $2.3 billion Tuesday, bringing its assets under management to $659.2 billion, according to data provided by FactSet. The inflows came as the S&P 500 declined 0.3% amid uncertainty over China trade negotiations and ahead of the Federal Reserve's Wednesday policy decision. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA The iShares Core S&P 500 ETF (IVV) pulled in $2.2 billion, while the Vanguard S&P 500 ETF (VOO) collected $764.6 million. The T. Rowe Price Growth Stock ETF (TGRW) gained $501.6 million, and the iShares 20+ Year Treasury Bond ETF (TLT) attracted $266.2 million. The Invesco QQQ Trust (QQQ) saw outflows of $511.4 million as technology stocks declined and the Nasdaq-100 fell 0.2%, while the iShares Russell 2000 ETF (IWM) lost $291.2 million. The Direxion Daily Semiconductor Bull 3x Shares (SOXL) experienced outflows of $226.8 million, and the Communication Services Select Sector SPDR Fund (XLC) shed just under $150 million. U.S. equity ETFs attracted $6 billion for the day, while international equity funds gained $1.1 billion. Leveraged ETFs posted outflows of $465.4 million. Overall, ETFs collected $7.8 billion for the day. Track real-time ETF inflows and outflows for all tickers using ETF Fund Flows tool. Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 2,324.83 659,157.39 0.35% IVV iShares Core S&P 500 ETF 2,176.05 644,559.39 0.34% VOO Vanguard S&P 500 ETF 764.55 714,896.25 0.11% TGRW T. Rowe Price Growth Stock ETF 501.62 837.20 59.92% INFO Harbor PanAgora Dynamic Large Cap Core ETF 500.49 572.15 87.48% SBIL Simplify Government Money Market ETF 345.55 2,592.14 13.33% IWB iShares Russell 1000 ETF 280.02 42,632.68 0.66% TLT iShares 20+ Year Treasury Bond ETF 266.17 47,730.43 0.56% MSTY YieldMax MSTR Option Income Strategy ETF 212.69 5,713.51 3.72% ARKK ARK Innovation ETF 172.88 7,437.63 2.32% Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change PBUS Invesco MSCI USA ETF -578.10 7,902.79 -7.32% QQQ Invesco QQQ Trust Series I -511.47 361,895.35 -0.14% IWM iShares Russell 2000 ETF -291.21 65,007.48 -0.45% TSLL Direxion Daily TSLA Bull 2X Shares -262.93 6,455.72 -4.07% SOXL Direxion Daily Semiconductor Bull 3x Shares -226.78 13,903.97 -1.63% VTEB Vanguard Tax-Exempt Bond ETF -199.13 37,724.14 -0.53% XLC Communication Services Select Sector SPDR Fund -149.95 23,730.18 -0.63% BBJP JPMorgan BetaBuilders Japan ETF -147.14 13,101.80 -1.12% XLV Health Care Select Sector SPDR Fund -142.07 33,659.74 -0.42% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -130.49 26,651.81 -0.49% ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 16.31 10,449.36 0.16% Asset Allocation 49.41 25,861.52 0.19% Commodities ETFs -16.24 223,635.59 -0.01% Currency 213.59 181,853.07 0.12% International Equity 1,078.56 1,922,501.20 0.06% International Fixed Income 77.65 310,055.87 0.03% Inverse 151.64 14,472.59 1.05% Leveraged -465.37 150,216.03 -0.31% US Equity 6,024.95 7,372,171.47 0.08% US Fixed Income 718.01 1,714,073.77 0.04% Total: 7,848.52 11,925,290.47 0.07% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a minute ago
- Yahoo
Figma raises $1.2 billion in US IPO after pricing above range
(Reuters) -Design software firm Figma and some of its shareholders raised $1.22 billion in the design software firm's U.S. initial public offering after its shares were priced above the expected range. The San Francisco, California-based firm priced its shares at $33 each, above its targeted range of $30 to $32 apiece. Investor appetite for high-growth technology firms is returning after a prolonged freeze in U.S. capital markets, encouraging more companies to pursue listing. Figma is going public after its $20 billion acquisition by Adobe was called off in December 2023 due to antitrust concerns. Several venture-backed startups, particularly in software and artificial intelligence, are now testing public market demand, betting that improved valuations and easing interest rate pressures will support a stronger second half for IPOs. Figma's stock will begin trading on the New York Stock Exchange on Thursday during market hours under the ticker symbol 'FIG'. Morgan Stanley, Goldman Sachs, Allen & Company and J.P. Morgan are the lead underwriters of the IPO. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
