美银证券发表报告，对苹果公司明年股价仍然乐观，基于iPhone智能手机升级情况胜预期，商品逆风下 毛利率持续上升，明年3月底止次财季毛利率在关税影响减弱及收入组合转向Services下进一步提升，人 工智能驱动的Siri明年推出及明年9月推出可折叠iPhone。 该行重申对苹果"买入"评级，基于强劲资本回报、在边缘人工智能设备中成为最终赢家及更多新产品与 市场，目标价由320美元上调至325美元，为下财年每股盈利预测10.11美元的32倍。该行对公司2026年9 月底止现财年收入及每股盈利预测，分别由4570亿美元及8.19美元上调至4600亿美元及8.21美元。该行 指，公司毛利率上行部分由显著增加的经营开支抵销，尤其是人工智能的研发开支。 ...

Key Takeaways QUALCOMM, Microsoft, and Meta are spotlighted as November's AI momentum stocks. The Driehaus strategy favors stocks showing strong price trends and solid earnings growth.The screener narrowed 7,743 stocks to 120 using earnings and momentum-based parameters. Traditionally, November has been a strong month for the stock market. At the same time, the artificial intelligence (AI) sector continues to grow quickly, with Statista projecting that its market size will reach US$1.68 trillion by 2031, at ...

The earnings season for the “Magnificent 7” essentially wrapped up yesterday, Oct. 30, as Nvidia (NVDA) reports outside of the usual season. Both Apple (AAPL) and Amazon (AMZN) are up in today’s price action, but the former’s rise is quite muted compared to the e-commerce giant, whose shares are up in double digits. In my pre-earnings analysis, I had noted that Amazon might see a post-earnings bump given the tepid valuations and YTD underperformance. As for Apple, I had noted that the stock might not see ...

公司业绩表现 - 苹果公司第四季度业绩强劲，iPhone和服务业务销售额均创下纪录，显示出坚实的潜在需求 [1] - 服务收入增长加速至15%同比增长，创下纪录并缓解了对监管问题的担忧 [3] - 毛利率表现强劲，达到47.2%，得益于有利的产品组合和公司自有技术 [5] - 尽管存在14亿美元的关税支出，公司对下一季度的毛利率指引仍维持在47%至48%的强劲水平 [8] 分析师评级与目标价 - 摩根大通维持增持评级，将目标价从290美元上调至305美元，认为iPhone 17的势头推动了优于预期的收入和利润展望 [2] - 高盛维持买入评级，将目标价从279美元上调至320美元，强调iPhone需求强劲，并指出公司指引预计iPhone将实现两位数增长，服务增长14% [4] - 美国银行维持买入评级，将目标价从320美元上调至325美元，认为公司到2026年将持续增长 [6] - D.A. Davidson维持中性评级，将目标价从250美元上调至270美元，指出尽管营收和利润超预期，但iPhone销售额同比增长放缓 [8] - Rosenblatt维持买入评级，将目标价从275美元上调至310美元，预计先进AI和可折叠手机等新功能将吸引客户 [9] 增长动力与未来展望 - 公司管理层因即将发布的新产品和AI功能而表现出比近年更强的信心 [2] - 研发和AI投资将支持新产品，尽管这些投入会减缓利润率上升速度 [5] - 美国银行看好苹果将成为“边缘AI领域的最终赢家”，并因服务业务可能带来更高的利润和收入而上调了盈利预测和目标价 [7] - 分析师预计， brisk iPhone销售、稳固的毛利率以及对AI的更多关注将推动公司持续增长至2026年 [6] - 分析师预期先进AI和可折叠手机等新功能将维持客户对未来升级周期的兴趣，核心业务未来将保持良好态势 [9] 成本与投资 - 公司成本因在AI和Apple Intelligence上的投入增加而上升 [8] - 更高的支出（主要用于AI）将吸收部分利润增长 [7] - 尽管存在关税支出和AI投资增加，公司毛利率依然保持强劲 [8]

Aristotle Capital Boston, LLC, an investment advisor, released its “Small/Mid Cap Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. small/mid-cap equities reported solid results in the third quarter, driven by a favorable macroeconomic backdrop. In the third quarter, the strategy delivered a return of 2.57% net of fees (3.07% gross of fees), underperforming the 9.00% total return of the Russell 2500 Index. For more information on the fund’s best picks in ...

30 October 2025 | 5:02PM EDT Equity Research Apple Inc. (AAPL): F4Q25 First Take: EPS beat on Services, F1Q26E outlook beats on iPhone Bottom line: AAPL should trader higher on the Services beat and better-than-expected F1Q26E revenue growth guidance of 10-12% yoy (v. GS/consensus of +9%/+6%) including double-digit iPhone revenue growth (v. GS/consensus of +10%/+7%). Although F4Q25 iPhone revenue growth of 6% yoy missed GS/consensus by 4%/2%, the beat in Services revenue and strong gross margins across both ...

苹果公司第四季度财报 - 第四季度每股收益为1.85美元，超出市场预期的1.77美元 [1] - 第四季度总收入为1024.7亿美元，略高于市场预期的1021.9亿美元 [1] - 大中华区收入为144.9亿美元，低于市场预期的164.3亿美元 [1] - iPhone收入为490.3亿美元，同比增长6%，但略低于市场预期的493.3亿美元 [2][16] - Mac收入为87.3亿美元，高于市场预期的85.5亿美元 [2] - 可穿戴设备、家居及配件收入为90.1亿美元，高于市场预期的约86亿美元 [2] - 服务收入为287.5亿美元，高于市场预期的281.8亿美元，增长率超出分析师预期的13%约2个百分点 [2][5][17] - 公司未提供具体业绩指引，但将在电话会议中提供关于重要假日季的更多细节 [3] 分析师对苹果财报的解读 - 分析师认为整体营收和盈利表现尚可，但iPhone收入和大中华区表现未达预期 [4] - 服务业务是亮点，增长超出预期 [5] - 9月季度因新iPhone仅销售数周，其表现更多受供应驱动而非需求驱动，因此12月季度的评论更为关键 [7] - 大中华区业绩存在较多变动因素，包括库存消化问题，需要关注公司管理层对该市场的评论 [8][9] - 投资者关注公司管理层对AI战略的评论，但预计本次电话会议不会透露过多细节，重点在于听取CEO对AI发展的积极态度 [13][14][15] Netflix股票分拆 - Netflix宣布进行1拆10的股票分拆，以使股价对员工更具可及性 [21] - 分拆后交易将于11月17日周一开始，登记日为11月10日 [21] - 分拆前Netflix股价报收于1000美元以上，是标普500指数中仅有的10只股价超过1000美元的成分股之一 [21] 礼来公司业绩与GLP-1药物 - 礼来公司季度业绩强劲，营收同比增长54%，并上调了全年业绩指引 [23] - GLP-1药物是增长的核心驱动力，但公司在免疫学、肿瘤学和神经科学等其他治疗领域的产品也实现了双位数增长 [23] - 旗下肥胖药物替尔泊肽（tirzepatide）目前已进入55个市场 [24] - 公司直接面向消费者的平台LilyDirect本季度增长70%，并与沃尔玛建立了新的合作伙伴关系，以提升药品可及性 [25][26][27] - 公司正在扩大产能，包括在波多黎各、休斯顿和弗吉尼亚州的新工厂，以满足中期和长期需求 [32] - 公司正在探索GLP-1药物在其他治疗领域的潜力，如酒精使用障碍、阿片类药物成瘾、免疫学等 [30][31] 美国消费者支出趋势 - 尽管存在对通胀的担忧，美国消费者仍表现出韧性，持续就业使其能够维持收支平衡 [36][37] - 消费者支出更集中于必需品，如汽油和杂货，非必需品如娱乐和旅游的支出可能被削减 [38][39][40] - 行业数据显示，消费者违约率已从疫情时期的低点正常化并开始下降，支付行为健康 [41] - 消费者财务素养更高，更关注信用评分和支付方式，这有助于其应对经济波动 [45] 其他公司业绩 - Reddit第三季度日活跃用户数超出预期，收入同比增长68%，并对第四季度收入给出6.55亿至6.65亿美元的乐观指引 [47] - Coinbase第三季度总收入为19亿美元，环比增长25%，交易收入环比增长37%至10亿美元 [48] - MicroStrategy第三季度运营收入为39亿美元，净收入为28亿美元，稀释后每股收益为842美元，其比特币持有量增至超过64万枚 [49]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Q3 2025 EARNINGS PRESENTATION OCTOBER 30, 2025 Better never settles CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS All statements in this presentation other than historical facts are forward-looking statements, which rely on a number of estimates, projections and assumptions concerning events. Such statements are also subject to a number of uncertainties and factors outside Cushman & Wakefield's control. Such factors include, but are not limited to, discu in qeneral macroeconomic conditions and qlobal and re ...

Baker Hughes Company (NASDAQ:BKR) is included among the 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts. Citi Maintains Buy Rating on Baker Hughes (BKR), Cites Lack of Strategy Update Baker Hughes Company (NASDAQ:BKR) is an energy​ tech‍no⁠logy firm that delive‌rs‌ equ‌ipment, services, and innovative solutions to clients across the energy and i‌ndustr‌ial s​ect​ors. It is among the most undervalued dividend stocks to buy, according to analysts. ​On October 28,‌ Cit‍i analy‌ ...