Apple, Twenty-First Century Fox, U.S. Steel Upgraded

Apple Inc. (AAPL), Twenty-First Century Fox Inc (FOXA), United States Steel Corporation (X) are seeing upgrades and price target hikes on Wall Street

Feb 7, 2017 at 10:08 AM
facebook X logo linkedin

Analysts are weighing in on Dow stock Apple Inc. (NASDAQ:AAPL), media magnate Twenty-First Century Fox Inc (NASDAQ:FOXA), and mining shares United States Steel Corporation (NYSE:X). Here's a roundup of today's bullish brokerage notes on AAPL, FOXA, and X.

Apple Jumps to Fresh High

AAPL saw its price target raised to $154 from $142 at Canaccord Genuity, representing record-high territory for the shares. Moreover, the brokerage firm remarked, "we believe Apple will extend its leading market share of the premium-tier smartphone market." This morning, the stock hit an annual peak of $131.14, and was last seen at $130.87 -- up 38% year-over-year. Understandably, analysts are overwhelmingly optimistic toward Apple Inc. (NASDAQ:AAPL), handing out 26 "buy" or better assessments, compared to five "holds" and a pair of "strong sells." This upbeat sentiment was reflected in the activity among yesterday's AAPL options traders.

Twenty-First Century Fox Reports Earnings Beat

FOXA reported better-than-expected earnings yesterday, but revenue fell short of estimates. Most analysts are weighing in bullishly, with at least seven raising their price targets, versus a trio cutting theirs. Technically speaking, the stock has been pretty strong -- down 1.2% today at $30.68, but still just a hair off of last week's annual high at $31.75. Twenty-First Century Fox Inc (NASDAQ:FOXA) options traders, meanwhile, have been placing bullish bets at a rapid-fire rate. The stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio is a top-heavy 20.29 -- in the call-skewed 98th annual percentile.

U.S. Steel Receives Fresh Upgrade

Argus Research upgraded X to a "buy" rating from a "hold," boosting the shares 2.2% this morning. The bullish note is well-deserved, considering the stock has been red-hot in the past 12-months, up 350% at $34.96. Short-term open interest on United States Steel Corporation (NYSE:X) is tilted in an upbeat direction, too, with calls outweighing puts. Specifically, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.62 sits in the low 3rd percentile of its annual range.

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI