A Chinese Investment Firm Just Downgraded Apple. Here's What It Means for AAPL Stock.

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A Chinese Investment Firm Just Downgraded Apple. Here's What It Means for AAPL Stock. Pathikrit Bose Thu, August 6, 2026 at 9:50 AM PDT 5 min read AAPL Apple products on desk by Ake Ngiamsanguan via iStock Beijing-based financial institution Chinese Renaissance has downgraded shares of Apple (AAPL) to a "Hold" from "Buy" on muted projections of revenue growth from services and elevated memory costs. Reducing the price target to $280 from $329, analyst Jack Zhou wrote in a note to clients, "We estimate the 4QFY26 top-line guidance implies only ~10% growth in services, a further slowdown from 3QFY26. AAPL mentioned that mobile gaming was weaker than expected, with additional pressure from changes to the App Store business model, regulatory developments, and sluggish content offerings. While we remain constructive on iOS ecosystem, the services slowdown will further weaken its mitigation of memory-driven pressure on hardware margins." Zhou further said t...

Stocks making the biggest moves premarket: Atlassian Corporation, Doximity, First Solar, Airbnb & more

Stocks making the biggest moves premarket: Atlassian Corporation, Doximity, First Solar, Airbnb & more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Atlassian Shares were up more than 29% in premarket trading after the company beat FactSet consensus on revenue and earnings for its fourth-quarter earnings. The company's first-quarter revenue guidance is above FactSet expectations but its full-year revenue growth is at 13% year over year, short of FactSet's expectation of 13.4%. Doximity The medical platform more than doubled at one point in premarket trading Friday after some bold comments for its new AI search tool. CEO Jeffrey Tangney said the product brings in 10 times what it costs to run. "It's early days on our AI search product, but I can tell you we're earning more than 10 times per search in revenue than it costs," the CEO said Thursday on Doximity's fiscal first-quarter earnings call. Wendy's Shares dropped 2% for the restaurant chain after it reported global sales decreased by more than 6%, which was driven by an 8.2% decline in the U.S. The company also withdrew its 2026 financial outlook but beat FactSet consensus on earnings, revenue and adjusted EBITDA. Solar stocks Shares for solar stocks increased after President Donald Trump imposed tariffs on products that are imported to make solar panels. First Solar jumped more than 5%, Invesco Solar rose nearly 3% and SolarEdge Technologies gained 2%. Airbnb Shares of the vacation rental company surged nearly 7% after Airbnb posted second-quarter earnings of $1.37 per share on revenue of $3.61 billion. That outpaced the earnings of $1.25 on revenues of $3.58 billion forecast by analysts surveyed by LSEG. Twilio The customer engagement platform saw shares surge more than 17% in premarket. Twilio sees adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion. The LSEG consensus estimate sought $1.39 per share and $1.46 billion. The company also boosted its full-year revenue growth call to a range of 18% to 18.5% from 14% to 15%, also beating analysts' forecast of 14.8% growth. Trade Desk Shares tanked 27% after the digital advertising company Thursday posted second-quarter earnings and revenue that fell below expectations. Adjusted earnings of 34 cents missed the 40 cents consensus estimate from LSEG. Revenue of $715 million missed the anticipated $751 million. Cloudflare The cloud cybersecurity company jumped more than 16.5% after issuing solid guidance for the full year and current quarter. Cloudflare expects adjusted earnings of 34 cents per share on revenue of $736 million to $737 million in the third quarter. That compares to the LSEG consensus call for 32 cents per share and $722 million in revenue. Second-quarter results also surpassed estimates on the top and bottom lines. Akamai Technologies The cloud computing stock jumped 8.3% in premarket trading after Akamai Technologies beat estimates on the top and bottom lines. Akamai posted second quarter earnings of $1.59 per share,...

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