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Nov. 3, 2017, 10:52 a.m. EDT

Apple’s lengthy iPhone X lines are good news for these stocks

Critical information for the U.S. trading day

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By Barbara Kollmeyer, MarketWatch


AFP/Getty Images
Drooling over the IPhone X in Beijing on Friday

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

/zigman2/quotes/200646538/composite
US : U.S.: Nasdaq
$ 543.19
-3.02 -0.55%
Volume: 4.03M
May 20, 2022 4:00p
P/E Ratio
30.96
Dividend Yield
3.02%
Market Cap
$221.77 billion
Rev. per Employee
$1.43M
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/zigman2/quotes/201417573/composite
US : U.S.: Nasdaq
$ 103.00
+1.75 +1.73%
Volume: 2.67M
May 20, 2022 4:00p
P/E Ratio
12.51
Dividend Yield
2.17%
Market Cap
$16.58 billion
Rev. per Employee
$479,391
loading...
/zigman2/quotes/201631938/composite
US : U.S.: Nasdaq
$ 162.44
+1.50 +0.93%
Volume: 3.98M
May 20, 2022 4:00p
P/E Ratio
46.08
Dividend Yield
1.87%
Market Cap
$85.01 billion
Rev. per Employee
$394,930
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/zigman2/quotes/207999687/composite
US : U.S.: NYSE
$ 68.43
+0.84 +1.24%
Volume: 2.70M
May 20, 2022 4:00p
P/E Ratio
25.39
Dividend Yield
1.17%
Market Cap
$40.86 billion
Rev. per Employee
$127,234
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/zigman2/quotes/203847835/composite
US : U.S.: NYSE
$ 57.45
-0.12 -0.21%
Volume: 817,188
May 20, 2022 4:00p
P/E Ratio
10.58
Dividend Yield
0.56%
Market Cap
$8.11 billion
Rev. per Employee
$129,175
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,354.62
-33.88 -0.30%
Volume: 4.64M
May 20, 2022 5:16p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,261.90
+8.77 +0.03%
Volume: 498.89M
May 20, 2022 5:03p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
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/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
103.03
+0.30 +0.29%
Volume: 0.00
May 20, 2022 4:59p
loading...
/zigman2/quotes/211618636/realtime
XX : Dow Jones Indices
3,350.03
+51.79 +1.57%
Volume: 0.00
May 20, 2022 1:33p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,146.57
+49.60 +1.60%
Volume: 37.23B
May 20, 2022 3:00p
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/zigman2/quotes/210599654/delayed
XX : STOXX
431.10
+3.11 +0.73%
Volume: 0.00
May 20, 2022 11:03p
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/zigman2/quotes/210597995/delayed
XX : Spain: Madrid
8,484.50
+78.50 +0.93%
Volume: 172.38M
May 20, 2022 5:38p
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 137.59
+0.24 +0.17%
Volume: 137.43M
May 20, 2022 4:00p
P/E Ratio
22.36
Dividend Yield
0.67%
Market Cap
$2226.92 billion
Rev. per Employee
$2.51M
loading...
/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 73.39
+1.46 +2.03%
Volume: 15.94M
May 20, 2022 4:00p
P/E Ratio
19.65
Dividend Yield
2.67%
Market Cap
$84.17 billion
Rev. per Employee
$81,783
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