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Apple may be slowing down production of the iPhone X — but it’s still making more iPhones than ever

“The latest reports of iPhone X production cuts follow analyst reports in December predicting a dip in iPhone X shipments in the first quarter of this year” writes James Cook for businessinsider.com. Credit Suisse analysts said iPhone X production for electronics manufacturing services for January to March was lowered to 19 million devices, and the production forecast for device manufacturing was lowered to 25 million from 31 million.Apple is cutting orders for the iPhone X from its factories in China, according to an analyst note from Credit Suisse and a…

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CREDIT SUISSE: Intel won’t see a near term earnings impact from Spectre or Meltdown

“Intel reports fourth quarter earnings January 25, and Pitzer thinks the results will fall in line with Wall Street’s expectations” writes Seth Archer for businessinsider.com. Spectre and Meltdown, arguably the two biggest flaws ever found in modern computers, might not have a big impact on the near-term earnings of Intel, the company hit the hardest by the flaws.There are three total variations of the two flaws, and Intel is the only company whose chips have been reported to be affected by all three. Source: businessinsider.com Share This:

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Vista Proppants and Logistics files IPO

“In the first nine months of 2017 the company, which specializes in sand for oil and gas operations and related logistics, booked $32 million profit on revenue of $185.8 million, up from net income of $3.4 million on sales of $90 million in the year earlier period” writes Tech Reporter for marketwatch.com. The company plans to list on Nasdaq under the ticker “VPRL.”.  Source: marketwatch.com Share This:

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Markets News Stocks 

CREDIT SUISSE: There’s been a ‘fundamental shift’ in how investors view the stock market’s relentless rally

“The stock market’s unrelenting march higher has changed how investors see this bull market, according to Credit Suisse” writes Akin Oyedele for businessinsider.com. And so, it’s no surprise, as Credit Suisse suggests, that it’s getting lonelier to be a bear in this market.Morgan Stanley’s equity analysts recently declared we’re in the full-blown “euphoria” stage of this bull market.Across sectors, analysts are betting that the market’s biggest driver — earnings growth — will be the most impressive in several years.The decline in longer-dated skew suggests a more fundamental shift in outlook, rather than…

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Domino’s To Grab Bigger Slice Of Retail Food Pie?

“Jason West, a Credit Suisse analyst, said in a note that the stock has lost about 12 percent of its value from recent highs (as quoted by CNBC.com), and yet forward earnings should get a boost, in part, from tax cuts” reports pymnts.com. At the same time, the company has a strong driver and ordering operation in place, which should keep growth intact.West’s price target stands at $220 a share, roughly 15 percent higher than when the note was released on Wednesday.As for the underpinnings of growth, said the analyst,…

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Domino’s Pizza remains ‘one of the best’ retail stories, Credit Suisse upgrades

“Domino’s Pizza remains “one of the best” stories in food retail and should remain a key player in delivery, according to one Wall Street bank” writes unknown author for cnbc.com. “Considering: reduced expectations, significant upside from tax reform, and that Domino’s Pizza is still one of the best growth stories in retail, we believe shares are poised for recovery over the course of 2018,” he wrote.”The stock has pulled back roughly 12 percent from recent highs, despite significant upside to forward earnings around tax [cuts]. Source: cnbc.com Share This:

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Crypto News Stocks 

Square is unleashing crypto onto more of its Cash App users

“The company has been running a trial on Cash App, a rival to Venmo, that has allowed only a small number of users to purchase bitcoin” writes Frank Chaparro for businessinsider.com. Square is increasing the number of people eligible to buy and sell bitcoin on its Cash App, the company founded by Twitter CEO Jack Dorsey announced on Twitter Tuesday.SQ is also exposed to liquidity and counterparty risk as it must source bitcoin for users either by pre-buying or using an exchange. Source: businessinsider.com Share This:

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CREDIT SUISSE: Tax reform has sent tech stocks plummeting, and now it’s time to buy

“As tax reform made its way through the US Senate, investors started the bill’s impacts if it passed” writes Finanzen Net Gmbh for businessinsider.com. Basically, investors will be focused on playing tax reform in the short term, but it won’t change the big picture. Further … any pressure on valuations represents a buying opportunity for longer-term investors,” Golub said.Monday and Tuesday saw a general rise in financial stocks and a decline in tech companies.For those investing for the long term, Golub said the tax bill is secondary to business fundamentals. Source:…

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Republican tax bill makes big winners of Amgen, Gilead and other drugmakers

“BMRN, -2.39% The Republican tax bill was recently passed by Senate Republicans, though the Senate and House versions of the bill still need to be melded into one” writes Emma Court for marketwatch.com. Look up what S&P 500 companies pay in taxes. (And read more about it here.) The tax bill should also include a lower corporate tax rate, which is set to benefit Bioverative Inc.BIVV, +1.86%  (36% effective tax rate), United Therapeutics Corp.MRK, -0.45%  (about $20 billion), according to the report, which used offshore cash counts as of the…

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GBP News 

CREDIT SUISSE: How a no-deal Brexit could hit 6 crucial sectors of the British economy

“Credit Suisse took a look at what no deal could mean for six key industries within the UK economy” writes Will Martin for businessinsider.com. Parts of the UK economy would suffer more than others in a “no deal” scenario, but which would be the worst off?. LONDON — “A no deal [Brexit] scenario would entail the disruption of UK trade within European export supply chains,” according to a recent note by Credit Suisse research analyst Sonali Punhani.While both sides said that “significant progress” has been made, there is a real possibility…

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