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Technology Stocks : Apple Inc.

AAPL 260.36

-0.7%

Jan 7 3:59 PM EST

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From: Moonray	7/11/2016 11:13:45 AM
	of 213181

More: Intel Dethrones Qualcomm To Supply 50% Of Apple iPhone 7s: Cowen No. 1 chipmaker Intel (INTC) could supply more than half of the Apple (AAPL) iPhone 7 modems, on its way to possibly entirely ousting incumbent Qualcomm (QCOM) from the Apple supply chain, Cowen analyst Timothy Arcuri said Monday. Intel shares were up more than 1% in early trading on the stock market today, above 34. They have recovered 12% since June 27, when Intel stock hit a sell zone. On Wednesday, the shares moved back into a buy zone first reached June 23, when Intel stock broke out of a cup-with-handle base at a 32.79 buy point. Arcuri boosted his price target Monday on Intel stock to 36 from 32 and kept his market perform rating. He expects Intel's Apple business to add 17 cents earnings per share ex items on $1.5 billion in incremental revenue over 2016 and 2017. Qualcomm stock was up a fraction, near 54, in early trading Monday. It has a potential buy point of 56.37, out of a flat base. More at: investors.com o~~~ O

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