Diamonds and Dogs
So much for that pullback. Apple (AAPL) is rebounding 2.5% back to a four week high thanks to an upgrade and a $187 price target. The analyst said Apple's aggressive pricing strategy, an improved outlook for iPhone X margins and the App Store's growth bode well for profits. The analyst now expects earnings to jump as much as 25% to 30% next year.
Nordstrom (JWN) may not go private after all. The big box retailer is down 6% back toward the 52 week low after the founding family suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season. Nordstrom said in June that the family group, which owns 31.2 percent of the storied retailer, was looking to take the company private as it struggled to compete amid an industry-wide slowdown.