Because you are already behind in today's investing news.
Apple Is Alive In China
China has long been a sore point for Apple (AAPL) . Hey, its smartphones are expensive and competition is fierce. But, one Wall Street analyst thinks Apple is coming alive in the country. Morgan Stanley analyst Katy Huberty's data shows Apple is gaining market share in China's smartphone market. Boom.
Why Hello There Hot Oil Stock
Chevron (CVX) popped more than 3.2%, the biggest one-day move since Sept. 6, according to Bloomberg data. The move is convincing as it comes on almost double the average daily volume at this point in a session. Shares are now at a 52-week high, spurred by investor optimism on corporate tax relief and how the legislative overhaul may unleash consumer spending power (which means, more oil/gas usage).
GNC Gets Destroyed
Shares of the mostly mall-based vitamin seller were slaughtered in today's session, down 23%. The company is in such dire shape, it managed to strike a deal with some debt-holders to exchange debt for stock. Thanks for the dilution...says beleaguered GNC (GNC) shareholders.
Don't Forget About Tech
Tech stocks haven't put in a stellar month with investors rotating back into more tax cut friendly industrials and banks. But don't forget about top tech names like Amazon (AMZN) for 2018, says Credit Suisse. The investment bank believes that with tech fundamentals strong, the stocks should continue to push higher.
Dunkin' Can Drink to This One
"We estimate about 19% upside to 2018 earnings per share should Dunkin's tax rate fall to 26% (Fed + state/local)," analysts at Credit Suisse wrote today. "This would imply 2018 earnings per share closer to about $3.15 vs. current consensus of $2.66."
That's caffeinated growth.
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