Apple Gets Moody’s Debt Rating Boost to Highest Level
Apple on Tuesday received a debt-rating upgrade from Moody’s to Aaa, the firm’s highest possible rating.Moody’s said the upgrade of Apple to Aaa from Aa1 reflects exceptional liquidity, earnings growth, and a very strong business profile. The company’s push to reach a net cash neutral position over time, the ratings company said, further supports expectations for “an exceptionally strong liquidity profile over the next 3 to 5 years.”The ratings firm said that Apple’s primary risks relate to reg
Why Tesla's Q3 Numbers Are 'Eye Popping' and Hard to Poke Holes In
Tesla, Inc. reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as "massive.". The Tesla Analyst:Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares.The Tesla Thesis:Tesla's third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives said in a note. The strength, the analyst said, was driven byrobust Model 3/Y salesof 232, 000.Total produ
One of two Wall Street analysts that had a sell rating on Apple stock threw in the towel. The other still thinks that AAPL shares could drop 40%. Is the sizable downside risk realistic?On the first day of September, one of the rare Wall Street bears on Apple stock finally gave in and dropped his sell rating. The last remaining one still sees shares dropping to a price target of $90, representing risk of loss of around 40%.Could New Street’s Pierre Ferragu, the last remaining Apple bear on Wall