iPhone

Suddenly the penguins knives are out for the world's biggest company, and exactly one week after Pacific Crest downgraded Apple to "Sector Weight" and a $145PT, perhaps a harbinger of what was to come later in the week, overnight another bank, Japan's Mizuho, has also taken the machete to its own growth forecasts of Tim Cook's juggernaut, and downgraded the iPhone maker to neutral from buy, cutting the price target from $160 to $150, claiming the best case scenario is now priced into the shares.

After an uncharacteristic two-day social media silence, in which some wondered if White House lawyers had finally taken control of Trump's iPhone, President Trump broke a nearly two-day silence on Twitter Friday morning to slam James Comey as a "liar" and a “leaker” the day after the fired FBI director’s testimony before Congress.

In the tweet, which may be the first of many, Trump claimed "total and complete vindication" from the Senate Intel Committee hearing, in which Comey likewise accused him of “lies” and requesting the FBI end a criminal investigation.

Authored by Eric Peters via EricPetersAutos.com,

Whatever their failings, machines generally don’t second-guess you. Turn them on, turn them off. Point them in a certain direction. Command them to move or spin or do whatever it is they were made to do and – assuming they are not broken – they will usually do it.

And won’t try to nudge you to do what they think is best.

Once again, it took Apple just a few years to catch up to Amazon and Google.

In a rare negative move on Apple, Pacific Crest downgraded the tech giant from Overweight to Sector Weight. As StreetInsider notes, analyst Andy Hargreaves says the upside from the iPhone 8 appears to be priced in to the stock. He tells clients in a Monday research note that the risks to Apple might not be priced in, referring to the risk that iPhone sales could potentially decline in FY 2019.