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Gelonghui, February 9th｜Jefferies has raised Halliburton's target price from $32 to $39, maintaining a "Buy" rating. (Gelonghui)

Gelonghui, February 9th | Daiwa released a research report stating that Apple’s first fiscal quarter results ending last December significantly exceeded expectations, with revenue rising 16% year-on-year to $143.8 billion, far surpassing forecasts and exceeding the predicted value by $5 billion; earnings per share were $2.84, beating expectations by $0.17. The strong performance brought channel inventory down to low levels, while its supply chain faced constraints. Apple’s revenue guidance for the second fiscal quarter ending this March indicates robust year-on-year growth of 13% to 16%. The bank noted three main issues: memory supply; memory costs; and sales in the Chinese market. Despite being asked multiple times, Apple CEO Cook was unwilling to comment on memory issues except for the second quarter guidance. The bank raised its revenue forecast for the fiscal year ending September this year from $455 billion to $466 billion, and its earnings per share forecast from $8.26 to $8.47; for fiscal year 2027, the revenue forecast was raised from $482 billion to $489 billion, and earnings per share forecast from $9.12 to $9.13. The bank believes Apple’s greatest advantage lies in its vast and powerful ecosystem. Although there are concerns about memory supply conditions in the second half of 2026 and 2027, Apple should be able to outperform competitors. Therefore, the bank raised its target price from $300 to $310 and maintained its “outperform” rating.

The bitcoin startup Erebor, founded by billionaires Peter Thiel and Palmer Luckey, has reached a valuation of 4 billions USD and has officially become an OCC-chartered bank in the United States. (The Bitcoin Historian)