Today’s Research Reports on Stocks to Watch: Apple and Tesla
NEW YORK, NY / ACCESSWIRE / December 12, 2017 / Apple snagged Shazam this week, an app that allows you to identify songs by holding your phone up to the source of audio. Shares of Tesla also closed higher ahead of an anticipated "death cross" where the stock's 50-day moving average will cross below the 200-day moving average.
RDI Initiates Coverage on:
Apple Inc.
https://rdinvesting.com/news/?ticker=AAPL
Tesla, Inc.
https://rdinvesting.com/news/?ticker=TSLA
Apple Inc. shares closed up 1.95% on about 35 million shares traded yesterday. It was a day of big news for Apple yesterday. First, the tech giant has revealed that it has acquired Shazam, a UK-based company that has an app that allows you to identify music by holding your phone up to the audio source. According to TechCrunch, the deal is valued at around $400 million. In other news the company's new GymKit, which was unveiled just this past summer, will be hitting the U.S. this week. The platform is designed to make the Apple Watch a more seamless experience that combines NFC and Bluetooth to maintain a constant exchange of information between the devices. The data is displayed on the watch as well as the machine's display. A knock-off app of MyEtherWallet.com also landed on the top of the iOS Apple Store charts this weekend but the app is not official. The creators of the real MyEtherWallet said in a tweet that they have contacted Apple already to have the app removed.
Access RDI's Apple Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAPL
Tesla, Inc. shares closed up 4.37% yesterday on nearly 8 million shares traded on Monday. It was also revealed yesterday that insurer Direct Line, the largest motor insurer in Britain, is giving Tesla Inc. drivers in Britain a 5% discount for switching on the car's Autopilot system. "At present the driver is firmly in charge so it's just like insuring other cars, but it does offer Direct Line a great opportunity to learn and prepare for the future," said Dan Freedman, Head of Motor Development at Direct Line. In the last three months, shares of Tesla have fallen about 10%.
Access RDI's Tesla, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TSLA
Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Tesla, Inc. (NASDAQ: TSLA) can be downloaded free of charge at Research Driven Investing.
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