Wednesday’s Headlines: Apple Confirms Its Worst-kept Secret

Wednesday’s Headlines: Apple Confirms Its Worst-kept Secret

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

Roku Inc. (ROKU) +7.6%

Teladoc (TDOC) +6.3%

Spotify (SPOT) +6.2%

Zoom Communications (ZM) +5.5%

Cloudflare (NET) +4.8%

Moving Down ⬇️

Ctrip (TCOM) -6.8%

IMAX (IMAX) -5.5%

Tripadvisor (TRIP) -4.5%

Planet Fitness (PLNT) -3.8%

ShotSpotter (SSTI) -3.6%

1. If you were shocked by Apple’s (AAPL) product event last night, then you were probably the only one as the tech giant finally unveiled its newest range of iPhones (with a HomePod Mini speaker squeezed in somewhere). Apple’s new lineup of smartphones is broad, and the price-range broader:

  • iPhone SE starts at $399
  • iPhone XR starts at $499
  • iPhone 11 starts at $599
  • iPhone 12 Mini starts at $699
  • iPhone 12 starts at $799
  • iPhone 12 Pro starts at $999
  • iPhone 12 Pro Max starts at $1,099

Not all investors were impressed with Apple’s latest showing though as shares in the company fell 2.65% as of market close, largely due to the underwhelming advances other than 5G capabilities, which had already been priced into the stock. Check out the full range of new products on the official Apple website here

2. It appears that a sprinkle of magic from Disney’s (DIS) Monday night announcements has caught the wind and landed on brand-agnostic streaming service Roku (ROKU). Shares in the Amazon Fire competitor rose 7.6% off the back of Disney’s reorganization and prioritization of its Disney+ streaming service. This is largely due to the fact that as streaming giants such as Disney and Netflix (NFLX) continue to battle it out for market supremacy, Roku becomes the go-to service for consumers who want to keep all of their subscriptions in one place. Roku's shares have now gained 66% in 2020 and quadrupled from the 52-week lows of March. Read the full story here

3. In what has become investors’ favorite 2020 merger since the apparent joining of the Fed and the U.S. treasury, Teladoc (TDOC) and Livongo (LVGO) claimed their first joint client this week. Guidewell Health, a mutual insurance company and longtime customer of Teladoc, said it would offer Livongo's diabetes monitoring services to 50,000 Florida Blue members with no co-pay. The announcement sent Teladoc and Livongo shares up 6.33% and 5.82% on Tuesday respectively. On August 5 this year, Teladoc reached an $18.5 billion agreement to buy Livongo in what appeared to be a match made in heaven. Read more about the Guidewell Health deal here

JamieJamie

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