By Barbara Kollmeyer, MarketWatch
AFP/Getty Images
Well before dawn Friday, Apple’s flagship store in Madrid had about 150 people huddled in the rain out front — no mean feat for a city that’s usually fast asleep at that time.
That scene has been repeated around the globe, with long early-morning crowds and enthusiasts like the guy in Sydney in the tweet below, gushing over his iPhone X as the high-priced handset goes on sale in stores: “I’m very excited to open this bad boy and start using it ... what a feeling.”
Yes, it seems the lines are back.
So those who fretted over pesky things like a $1,000 price tag may be chowing down on humble pie today, as those iPhone X sales coincide with fairly impressive results last night. Apple’s already up in premarket, and ready to take a bunch of stocks with it.
Among the companies that keep Apple’s gadgets humming, German supplier Dialog Semi shot up about 4% out of the gate in Frankfurt this morning.
That bring us to our call of the day , which lays out some supply-chain winners for Apple in the wake of those results.
“We believe the staggered iP8-iPX launch, and slower/constrained build peak should fuel upside to normal December and March quarter seasonality,” say Oppenheimer analysts Rich Schafer and Joshua Buchalter in a note.
Their favorite suppliers are chip makers Broadcom /zigman2/quotes/200646538/composite AVGO -0.55% and Skyworks Solutions /zigman2/quotes/201417573/composite SWKS +1.73% . Analog Devices /zigman2/quotes/201631938/composite ADI +0.93% , Amphenol /zigman2/quotes/207999687/composite APH +1.24% and Jabil Circuit /zigman2/quotes/203847835/composite JBL -0.21% also supply components for Apple products.
The chart below shows how some of those suppliers have been performing so far this year:
MarketWatch
Here’s another weigh-in from RBC Capital analysts, led by Amit Daryanani, who say Apple’s guide on a better-than-expected holiday quarter is good news for momentum beyond that period.
RBC’s top picks on the supplier side are Amphenol and Broadcom.
And given the strong revenue guidance from Apple , Daryanani thinks the tech leader could surprise on the upside when it comes to units shipped in the December quarter. Plus, he’s expecting a 7% rise in fiscal 2018 shipments.
Indeed, analysts were backing or boosting price targets this morning for the iPhone maker.
Away from techs, don’t forget it’s jobs day. Check out below for the latest updates.
Key market gauges
The Nasdaq /zigman2/quotes/210598365/realtime COMP -0.30% is a little higher, but the Dow /zigman2/quotes/210598065/realtime DJIA +0.03% and S&P 500 /zigman2/quotes/210599714/realtime SPX +0.01% are flat as the trading day kicks off. The dollar /zigman2/quotes/210598269/delayed DXY +0.29% down, and gold is modestly off.
In Asia /zigman2/quotes/211618636/realtime XX:ADOW +1.57% , it was a mixed day, with some pressure for China stocks /zigman2/quotes/210598127/delayed CN:SHCOMP +1.60% . In Europe /zigman2/quotes/210599654/delayed XX:SXXP +0.73% , stocks are mixed, with the Spain IBEX-35 /zigman2/quotes/210597995/delayed XX:IBEX +0.93% leading the decliners.
Read Market Snapshot for the latest.
Earnings
What with all that earnings and demand cheer, Apple /zigman2/quotes/202934861/composite AAPL +0.17% is on the way to big pop at the start Friday. The iPhone maker showed a turnaround in sales in three big areas.
Read: Alibaba is growing even faster and totally unlike Amazon
Starbucks /zigman2/quotes/207508890/composite SBUX +2.03% is down after the coffee giant lowered its long-term profit growth outlook. It’s also shedding the Tazo tea business to focus on core operations.
Pandora is falling hard after a revenue miss
Read: Cybersecurity stocks lose Equifax bump after earnings
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