Surveillance: Market Pause with Calvasina
Bloomberg Surveillance
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Apple's Earnings Report Raising Price Target
Apple had a solid two standard deviation move to a lower weaker price, unlike some of the success stories that were out there last week. Despite a week earnings report raising their price target from 220 to 230, iPhones and services will accelerate in the June quarter. With the softness all Mac and iPad driven, this was a strong performance and guidance in our view.
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