Today's Research Reports on Stocks to Watch: Apple Inc. and Twilio Inc.

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Accesswire 9-Aug-2017 8:00 AM
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NEW YORK, NY / ACCESSWIRE / August 9, 2017 / Apple's shares soared to a new high yesterday after a KGI analyst revealed that the tech company's newest iPhone would be set to launch in September. Shares of Twilio also soared higher after the company reported an in-line loss for the second quarter and received upgraded price targets from Canaccord Genuity and J.P. Morgan.
RDI Initiates Coverage on:
Apple Inc. https://ub.rdinvesting.com/news/?ticker=AAPL
Twilio Inc. https://ub.rdinvesting.com/news/?ticker=TWLO
Apple Inc.'s shares may have just closed up a modest 0.80% on Tuesday but they hit a new high of $161.83 during intra-day trading. This was an all-time new high for the company which has been on a gaining spree since it released its last quarter financial results. Traders may have been also very excited to learn that the tech giant's iPhone 8 unveiling is believed to be on time and will be launched next month. According to KGI analyst Ming-Chi Kuo, Apple's iPhone 8, which is supposed to be the company's most high-end iPhone, is expected to be launched in September, during the same time the company launches its iPhone 7s and iPhone 7s Plus. After rumors saying the phone would be delayed, Kuo's expectation may have come as a relief to many traders. Despite the phone being on time, however, Kuo also believes it will be in extremely tight supply. Apple insider has said there will only be about 2 to 4 million units available initially.
Access RDI's Apple Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=AAPL
Twilio Inc.'s shares closed up 9.99% yesterday on 12.5 million shares traded. The stock saw gains as high as almost 14% after the cloud-based communications company reported a strong second quarter earnings report and guidance. An adjusted net loss of $0.05 per share was a lot better than the $0.11 loss per share that the Street expected. Revenue at $95.9 million was also a lot higher than the $84 million that analysts were expecting. For the third quarter, the company has also set guidance that was way ahead of what Wall Street was forecasting. Both Canaccord Genuity and J.P. Morgan raised their price targets on the stock. Canaccord raised their target from $33 to $38 and reiterated a "buy" rating while J.P. Morgan raised their rating from $33 to $40 and reiterated an "overweight" rating. Twilio has seen gains of over 40% in the last three months.
Access RDI's Twilio Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=TWLO
Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Twilio Inc. (NYSE: TWLO) can be downloaded free of charge at Research Driven Investing.
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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
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