ADVFN US – Market Content Editor

Apple’s iPhone sales in the U.S. spiked sharply year-over-year in April, with new data suggesting consumer anxiety over potential tariffs may have prompted a wave of panic buying, according to a recent survey from KeyBanc Capital Markets. Using its proprietary Key First Look Data (KFLD), KeyBanc reported a 34% increase in iPhone sell-through compared to…

Lockheed Martin (NYSE:LMT), the U.S. defense giant, is moving swiftly to forge new partnerships across Europe, according to Raymond Piselli, the company’s vice president for international business. This push aligns with Europe’s broader strategy to reduce reliance on American defense suppliers and bolster its own military manufacturing capabilities. The company aims to deepen its integration…

Shares of Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) are spearheading a recovery in the Magnificent Seven group on Friday, following a downturn in the previous trading session. The group, which includes seven of the most influential tech stocks, is set to bounce back as US stock futures are showing an upward trend. The Magnificent Seven shares…

Apple (NASDAQ:AAPL) is intensifying its reliance on Asian manufacturing for the upcoming iPhone 17, with production efforts focused in India and China rather than the United States, according to a new report from Wedbush Securities. In a research note led by analyst Dan Ives, Wedbush stated that recent supply chain checks throughout Asia indicate Apple’s…

Flowers Foods Inc. (NYSE:FLO) saw its stock drop 8.61% in pre-market trading after the company posted disappointing first-quarter results and lowered its full-year forecast. The producer of popular bread brands like Nature’s Own and Wonder Bread reported adjusted earnings per share (EPS) of $0.35, down from $0.38 in the same quarter last year and falling…

Tesla, Inc. (NASDAQ:SLA) has named Jack Hartung to its Board of Directors and Audit Committee, with his appointment set to take effect on June 1, 2025. Hartung, a seasoned financial executive, is stepping down from his leadership position at Chipotle Mexican Grill (NYSE:CMG), where he will move into a senior advisory role while assuming his…

UBS has upgraded Caterpillar Inc. (NYSE:CAT) from Sell to Neutral, reflecting improved sentiment around the stock following recent progress in U.S.-China trade negotiations. The bank also lifted its price target to $357 from $272, citing a more favorable risk-reward outlook. While acknowledging an improved trade environment, UBS analysts cautioned that broader macroeconomic challenges continue to…

Super Micro Computer, Inc. (NASDAQ:SMCI), a leading provider of comprehensive IT solutions for AI, cloud, storage, and 5G/edge environments, has unveiled a strategic alliance with DataVolt through a newly signed memorandum of understanding (MOU). The partnership aims to jointly construct advanced hyperscale AI campuses, beginning in Saudi Arabia. Charles Liang, Supermicro’s President and CEO, expressed…