So many great stories on Tuesday, so little time.
Apple, of Course
UBS reiterated a "buy" rating for Apple Inc (AAPL) - Get Apple Inc. Report Tuesday, citing the possibility of a "pig in a python" scenario as sales of a new iPhone model and upgrades from models sold in 2015 are set to surge, CNBC reported.
UBS analyst Steven Milunovich expects a rush in iPhone 6 owners upgrading to newer models next year, leading to a "supercycle" and bulge in buying in 2018 with some growth flowing through to 2019.
Milunovich set a price target of $170 for Apple, implying upside of about 12% from the stock's Monday closing price.
Though UBS remains bullish on Apple, they noted the possibility of a delay in iPhone 8 production, possibly into November.
Apple shares rose 0.5% to $152.78 by Tuesday's close.
McDonald's Is Baffling
Global same-store sales rose 6.6% in the second quarter. U.S. sales increased 3.9%. Traffic coming back to life. CEO Steve Easterbrook coming out of his shell to drop bullish comments on the press release.
What we are seeing with McDonald's for any number of reasons:
- The company is still a brand not playing in the healthy-eating trend that has embedded itself in the culture of America. I don't give a darn what healthy McNugget commercials they are running on TV, McDonald's sells fattening, salt-laden caloric bombs.
- Most consumers still can't notice the changes McDonald's has made to its food. Execs are touting them, but it's not like the Big Mac is suddenly this amazing new sandwich with a reinvented sauce.
- The company doesn't have build-your-own burger kiosks in all of its restaurants, meaning the impact to overall sales is still minimal.
- It's McDonald's.
Read the rest here.
McDonald's shares rose 4.7% to $159.01 by Tuesday's close.
Advanced Micro Devices: Chart
One of the most explosive tech names around could get hotter after earnings this evening. TheStreet gives you a great technical take ahead of the numbers.
AMD's shares fell 1.1% to $14 by Tuesday's close.
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- Starbucks Has an Alarming Problem That Even Its Fans Must Admit Has to Be Fixed -- and Soon!