iPhone

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As we noted first thing this morning, Mizuho downgraded Apple to neutral from buy, slashing its price target on the world’s largest company to $160 to $150 on the view that robust sales growth for the next product cycle has already been factored into the company's share price. Among other things in its report, Mizuho took a look at some of the company's key growth markets - notably India - to try and quantify the potential for sales growth in the coming years.

The Apple pile up continues.

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.