These days, even bullish analyst reports on Apple have a negative angle. S&P Capital IQ on Tuesday reiterated its strong buy rating on Apple (AAPL) stock, but it slashed its price target to 130 from 150. S&P analyst Angelo Zino cited recent supply chain softness for the iPhone. Zino also cut his EPS forecasts for the year based on slowing iPhone sales expectations. Apple stock fell a fraction Tuesday, to 96.66. William Blair analyst Anil Doradla
Add another online shopping holiday to Alibaba Group ‘s (BABA) “11.11” and “12.12” events. Alibaba is adding an e-shopping twist to the biggest celebration on the Chinese calendar, the Lunar New Year, which occurs on Feb. 8 and kicks off the Year of the Monkey. Alibaba is starting five days of festivities for its “Ali Chinese New Year Shopping Festival” on Sunday. The company’s newest online shopping push will put a high-tech spin on the Chinese
The U.S. government is expected to announce a plan Thursday that speeds introduction of self-driving cars, with takeaways from the president’s State of the Union speech Tuesday night suggesting transportation infrastructure “smart city” projects might go along for the ride. Then Friday is the big day for an anticipated safety accord with automakers, coming after a spate of recalls and scandals. The feds want automatic emergency braking on more