SAN FRANCISCO: U.S. President Donald Trump's limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.
"The Street has been laser focused on this additional 15per cent next round of tariffs and we believe this ultimately signals a green light for tech stocks heading into year end with the impending US$160 billion tariff no longer a near-term concern," Wedbush analyst Dan Ives wrote in a note on Friday.
Still, Investors are divided over whether Trump's trade deal is fully priced into the market, or whether shares of Apple, its suppliers, like Qorvo and Skyworks Solutions , and other U.S. technology and trade-sensitive stocks have room to rise. Reflecting Wall Street's mostly upbeat view toward Apple, BofA Global Research analyst Wamsi Mohan on Wednesday raised his price target on the company, predicting the eventual rollout of 5G would drive three years of robust iPhone sales.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phase one China-US trade deal: What's in and what's missing?WASHINGTON (BLOOMBERG) - The US and China announced Friday (Dec 13) that they reached a phase one trade deal but provided little detail on what exactly will be part of the agreement.. Read more at straitstimes.com. back to square one. useless
Source: The Straits Times - 🏆 8. / 63 Read more »
Canadian regulator dismisses Catalyst request for cease trade order on Hudson's take private dealCanadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street steady as US, China announce trade dealWall Street fell in volatile trading on Friday, as investors remained confused about signs of progress on a U.S.-China trade deal despite comments ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street ends near flat after US, China announce trade dealWall Street fell in volatile trading on Friday, as investors remained confused about signs of progress on a U.S.-China trade deal despite comments ... The markets and stock exchange don't believe him either - which gives you pause for thought. Why?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US says 'committed' to trade deal with post-Brexit BritainWASHINGTON (AFP) - The United States said on Friday (Dec 13) it was ready to seek a free-trade deal with Britain once it leaves the European Union, an exit made certain by Prime Minister Boris Johnson's sweeping election win.. Read more at straitstimes.com. And be sure that as many of the common people as possible, in post-Brexit Britain, will prosper from the many sides of the trade deals which are to come
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall Street little changed despite US-China trade dealWall Street was largely unmoved by the long-awaited US-China trade deal unveiled on Friday (Dec 13), which marked the end to the steady escalation ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »