Latest news with #BrianWhite
Business Insider
6 days ago
- Business
- Business Insider
Apple Stock (AAPL) Slides as it Faces a ‘Mountain of Worry' Over iPhone Demand
U.S. tech giant Apple (AAPL) is facing a 'mountain of worry' as demand for its iconic iPhone dials down. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Sales Dip In a note from analyst Brian White of MCH Internet & Software, ahead of Apple's Q3 earnings next week, he forecasts a downshift in iPhone and Services. He believes that iPhone revenue growth will marginally dip back into negative territory in the quarter with a 0.4% year-over-year decline to $39.16 billion. Its shares slipped in early trading. For iPad, he is expecting third quarter sales of $7.31 billion, marking 2% year-over-year growth. However, this would be a deceleration from the 15% increase recorded in the second quarter this year. He is also projecting third quarter Wearables, Home & Accessories revenue of $7.20 billion, down 11% year-over-year. As can be seen below, the iPhone remains a key revenue builder for Apple. 'Apple is facing a mountain of worry ahead of a new iPhone cycle,' said White, who has a Buy rating and $245 target price on the stock. 'We expect Apple to host its traditional September event with the iPhone 17 family in the spotlight. In our view, Apple is innovating with industry-leading products supported by a powerful digital grid and embarking on a gen AI journey with Apple Intelligence,' he said. 'However, regulatory headwinds persist, the implications of this trade war are unclear, geopolitical risks continue, and the macro is treacherous.' Apple Resilience Despite this uncertainty, however, overall White expects Apple to meet its third quarter revenue estimates of $88.55 billion and its EPS forecast of $1.44. Indeed, Apple has faced a number of headwinds already this year from President Trump's tariffs hitting supply and prices, market share challenges in China where it is facing competition from domestic rivals such as Huawei, and heightened regulatory scrutiny around its App Store and other areas of its business both in the U.S. and Europe. As a result, its share price has compared unfavorably with many of its U.S. rivals. Is AAPL a Good Stock to Buy Now? On TipRanks, AAPL has a Moderate Buy consensus based on 13 Buy, 10 Hold and 1 Sell ratings. Its highest price target is $270. AAPL stock's consensus price target is $227.37, implying a 6.71% upside.
Associated Press
18-07-2025
- Sport
- Associated Press
Vancouver Whitecaps play San Diego FC after shutout win
Vancouver Whitecaps FC (12-5-5, third in the Western Conference) vs. San Diego FC (13-7-3, second in the Western Conference) San Diego; Saturday, 10:30 p.m. EDT BETMGM SPORTSBOOK LINE: San Diego -122, Vancouver +285, Draw +275; over/under is 2.5 goals BOTTOM LINE: A game after shutting out the Houston Dynamo 3-0, the Vancouver Whitecaps face San Diego FC. San Diego is 12-5-2 in conference games. Anders Dreyer paces the top-scoring team in Western Conference action with 11 goals. San Diego has a conference-leading 46 goals. The Whitecaps are 11-3-4 in conference play. The Whitecaps have a +13 goal differential, scoring 38 goals while giving up 25. Saturday's game is the second time these teams square off this season. San Diego won the last meeting 5-3. TOP PERFORMERS: Dreyer has scored 11 goals and added 12 assists for San Diego. Luca Bombino has one goal and two assists over the past 10 games. Brian White has scored 11 goals with one assist for the Whitecaps. Emmanuel Sabbi has two goals and one assist over the past 10 games. LAST 10 GAMES: San Diego: 6-3-1, averaging 2.1 goals, 4.8 shots on goal and 4.5 corner kicks per game while allowing 1.5 goals per game. Whitecaps: 4-4-2, averaging 1.4 goals, 3.5 shots on goal and 5.2 corner kicks per game while allowing 1.5 goals per game. NOT EXPECTED TO PLAY: San Diego: Anisse Saidi (injured), Willy Kumado (injured), Marcus Ingvartsen (injured), Paddy McNair (injured), Anibal Godoy (injured). Whitecaps: Giuseppe Bovalina (injured), Ali Ahmed (injured), Pedro Vite (injured), Sam Adekugbe (injured), Ryan Gauld (injured). ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Mint
17-07-2025
- Business
- Mint
Netflix looks to keep up its hot streak in the second quarter
When Netflix reports its second quarter on Thursday afternoon, the Ginny & Georgia streamer will look to keep up a hot streak that began at the end of 2023. Wall Street analysts are expecting earnings per share of $7.08, up from $4.88 last year, and revenue of $11.1 billion, up 16%. After its sales growth slowed in 2022, Netflix pulled two levers to turn things around. It cracked down on password-sharing and began offering a less expensive ad-supported tier. The initiatives were successful, and now Netflix has notched six quarters in a row with double-digit revenue growth. The stock price has reflected that, up 129% since Netflix reported the first of those quarters in January 2024. The S&P 500 index was up 28% in the same period. This run has stretched the stock's valuation, trading at 44 times expected earnings for the next 12 months, close to its three-year high. Other valuation metrics are similarly inflated. To keep the rally going, Netflix can't show any weakness in the second quarter, or in its guidance for the third quarter, when analysts expect earnings per share of $6.69 on $11.3 billion in revenue. For Netflix to keep up, the ad tier will have to continue its rapid growth. According to Melissa Otto, the head of visible alpha research at S&P Global, it saw $1.9 billion in 2024 sales and is expected to get $3.9 billion this year, making it an important driver for the whole company. Ads may also be more profitable than subscriptions. The company's operating profit margin has been growing, last seen at 32% in the first quarter, and the streamer projected 33% for this quarter. 'Netflix has built a formidable entertainment platform and is in the early stages of developing a promising digital advertising franchise," said analyst Brian White of Monness, Crespi, Hardt in a note to clients. 'We expect Netflix to enjoy continued momentum on the digital advertising front, benefit from higher monthly subscription prices, and release a steady flow of new content." Netflix has survived an onslaught of new competition in the past few years from Disney, Amazon, Apple and more. According to Nielsen's June U.S. viewing data, Netflix easily tops all but Alphabet's YouTube, whose viewing share has increased from 9.9% a year ago to 12.8% in June, with Netflix trailing with 8.3%. The next closest is the combination of Disney's three streaming services at a 4.8% share. Increasingly, Netflix squares off with YouTube while the rest compete with each other. The wild card is TikTok, which may become a larger part of the picture down the road. Netflix gets a majority of its revenue from abroad, so the weak dollar in the second quarter could be a tailwind.
Associated Press
15-07-2025
- Sport
- Associated Press
Houston Dynamo play the Vancouver Whitecaps in conference play
Vancouver Whitecaps FC (11-5-5, fourth in the Western Conference) vs. Houston Dynamo (7-10-5, 11th in the Western Conference) Houston; Wednesday, 8:30 p.m. EDT BETMGM SPORTSBOOK LINE: Houston +125, Vancouver +204, Draw +239; over/under is 2.5 goals BOTTOM LINE: The Houston Dynamo and the Vancouver Whitecaps square off in Western Conference play. The Dynamo are 6-8-4 against Western Conference opponents. The Dynamo are fifth in the MLS drawing 114 corner kicks, averaging 5.2 per game. The Whitecaps are 10-3-4 against conference opponents. The Whitecaps rank second in the MLS drawing 136 corner kicks, averaging 6.5 per game. The matchup Wednesday is the first meeting of the season between the two teams. TOP PERFORMERS: Ezequiel Ponce has seven goals and one assist for the Dynamo. Felipe De Andrade Vieira has scored three goals over the last 10 games. Brian White has scored 10 goals for the Whitecaps. Damir Kreilach has one goal over the past 10 games. LAST 10 GAMES: Dynamo: 5-4-1, averaging 1.8 goals, 4.1 shots on goal and 5.3 corner kicks per game while allowing 1.6 goals per game. Whitecaps: 3-4-3, averaging 1.3 goals, 3.3 shots on goal and 5.8 corner kicks per game while allowing 1.7 goals per game. NOT EXPECTED TO PLAY: Dynamo: Nelson Quinones (injured), Andrew Tarbell (injured), Erik Sviatchenko (injured). Whitecaps: Giuseppe Bovalina (injured), Ali Ahmed (injured), Andres Cubas (injured), Sam Adekugbe (injured), Ryan Gauld (injured). ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Associated Press
11-07-2025
- Sport
- Associated Press
Colorado Rapids host the Vancouver Whitecaps in conference action
Vancouver Whitecaps FC (11-4-5, third in the Western Conference) vs. Colorado Rapids (7-10-5, ninth in the Western Conference) Commerce City, Colorado; Saturday, 9:30 p.m. EDT BETMGM SPORTSBOOK LINE: Vancouver +154, Colorado +159, Draw +248; over/under is 2.5 goals BOTTOM LINE: The Colorado Rapids face the Vancouver Whitecaps in conference action. The Rapids are 6-8-4 against Western Conference opponents. The Rapids rank eighth in the Western Conference drawing 101 corner kicks, averaging 4.6 per game. The Whitecaps are 10-2-4 against Western Conference opponents. The Whitecaps are first in the Western Conference allowing just 22 goals. The teams play Saturday for the second time this season. The Whitecaps won the last meeting 2-0. TOP PERFORMERS: Djordje Mihailovic has eight goals and two assists for the Rapids. Rafael Navarro has two goals over the last 10 games. Brian White has scored 10 goals for the Whitecaps. Sebastian Berhalter has three assists over the last 10 games. LAST 10 GAMES: Rapids: 3-6-1, averaging 0.9 goals, 3.3 shots on goal and 4.4 corner kicks per game while allowing 1.5 goals per game. Whitecaps: 4-3-3, averaging 1.5 goals, 3.6 shots on goal and 5.7 corner kicks per game while allowing 1.5 goals per game. NOT EXPECTED TO PLAY: Rapids: Alex Harris (injured), Sam Vines (injured), Zack Steffen (injured). Whitecaps: Giuseppe Bovalina (injured), Ali Ahmed (injured), Sebastian Berhalter (injured), Brian White (injured), Andres Cubas (injured), Sam Adekugbe (injured), Ryan Gauld (injured). ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
