Apple iPhone Sales; Boeing Higher; Liberty Energy Pop
On this episode of Stock Movers:
- Apple (AAPL) is moving with share poised to open near record levels on Monday after Loop Capital upgraded the stock to buy from hold, citing more positive iPhone demand trends. Loop Capital raised its price target on the stock to $315, implying upside of about 25% off Friday’s close, and analyst Ananda Baruah writes that Apple is at the front end of its long-anticipated adoption cycle.
- Boeing (BA) is higher as the company secured the backing of US aviation regulators to raise production of its 737 jetliner to 42 jets a month. The Federal Aviation Administration conducted extensive reviews of Boeing's production lines to ensure the production rate increase will be done safely.
- Liberty Energy (LBRT) is popping as oil frackers enter the data center power trade.
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