Nasdaq Markets

Former Wirecard Chief Executive Markus Braun has been arrested on suspicion of falsifying company revenue to make it appear stronger and more attractive for investors and customers, prosecutors said in a statement on Tuesday.

(RTTNews) - Asian stocks fluctuated before finishing mostly higher on Tuesday after White House trade advisor Peter Navarro clarified that the U.S.-China trade deal remains in place and that his earlier comments had been taken out of context.

(RTTNews) - Indian shares opened a tad higher on Tuesday after U.S. President Donald Trump said that the U.S.-China trade deal is intact, easing doubts sparked by comments from Trump aide Peter Navarro that the trade deal signed in January was over.

(RTTNews) - Asian stock markets are mostly higher on Tuesday following the positive cues overnight from Wall Street amid optimism about a quick economic recovery from the coronavirus-induced setback.

(RTTNews) - PG&E Corp. (PCG) said that it has launched concurrent underwritten public offerings of its common stock and its equity units, seeking $4 billion and approximately $1.23 billion of gross proceeds, respectively, as part of its plan to fund its emergence from Chapt

(RTTNews) - Alaska Airlines said it will start flying the Embraer 175 jet aircraft in the state of Alaska starting in October 2020. The E175, operated by regional partner Horizon Air, will serve select markets in Alaska.

(RTTNews) - Enbridge Inc. (ENB, ENB.TO) said that the temporary restraining order and preliminary injunction sought by the Attorney General of Michigan is legally unsupportable, unnecessary, and will be vigorously opposed by Enbridge.

(RTTNews) - Indian shares are seen opening largely unchanged on Tuesday after White House trade adviser Peter Navarro said the trade deal with China is "over," and he linked the breakdown in part to Washington's anger over Beijing's not sounding the alarm earlier about the coron

(RTTNews) - The Japanese stock market slipped into negative territory on Tuesday after opening notably higher following the positive cues overnight from Wall Street on hopes of a quick economic recovery from the coronavirus-induced setback.

(RTTNews) - The Thai stock market has finished lower in three straight sessions, sinking almost 25 points or 1.8 percent in that span. The Stock Exchange of Thailand now rests just above the 1,350-point plateau although it may find traction on Tuesday.

(RTTNews) - The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 170 points or 2.4 percent. The Jakarta Composite Index now rests just beneath the 4,920-point plateau and now it's

(RTTNews) - The Australian stock market is rising on Tuesday following the positive cues overnight from Wall Street on hopes of more economic stimulus in the U.S. and on optimism about a quick economic recovery from the coronavirus-induced setback.

(RTTNews) - The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had advanced more than 700 points or 2.9 percent. The Hang Seng Index now sits just above the 24,510-point plateau although it's predicted

(RTTNews) - The China stock market on Monday snapped the four-day winning streak in which it had advanced more than 80 points or 2.7 percent. The Shanghai Composite Index now rests just above the 2,935-point plateau although it figures to bounce higher again on Tuesday.

(RTTNews) - The Taiwan stock market has moved higher in five straight sessions, gathering more than 260 points or 2.3 percent along the way. The Taiwan Stock Exchange now rests just above the 11,570-point plateau and it may see additional support again on Tuesday.

Oilfield service provider ProPetro Holding Corp said on Monday a lengthy audit committee review revealed multiple financial and internal control weaknesses, but none severe enough to restate prior results.

(RTTNews) - The Singapore stock market has finished lower in three straight sessions, sinking almost 40 points or 1.5 percent along the way. The Straits Times Index now rests just beneath the 2,630-point plateau although it may stop the bleeding on Tuesday.

Mexico's antitrust regulator has asked the Supreme Court to suspend the country's new electricity policy, citing lack of competition, the regulator's chief said on Monday.

Apple (AAPL) has more than earned its reputation as a trend setter. According to RBC analyst Robert Muller, besides its position as a tech innovator, Apple is also “in a league of its own when it comes to share repurchases.”

Muller argues the market is underestimating the financial impact Apple’s aggressive share buyback policy will have over the next few years.

“We estimate that within our base case, AAPL can grow its EPS at a 3.5% CAGR over the next 5-years if we assume zero growth beyond FY20 while continuing its repurchase pace of ~$70 billion annually. What this implies, to us, is that the potential uplift from the upcoming 5G upgrade cycle is being discounted by the market (in addition to recent robust Wearables and Services growth as well as any potential future product innovations),” Muller explained.

How long can Apple maintain its current program?

Muller believes if Apple continues to grow its top-line at its current rate of 3-4%, while maintaining its annual $70 billion share repurchase initiative, it has a decade left before reaching its stated target of becoming “cash neutral.”

Even considering a “no organic growth scenario,” Muller estimates the tech giant can keep up the current rate of buyback activity until mid-2023.

“At which point,” Muller adds, “AAPL could then repurchase ~$45 billion of shares indefinitely without affecting its net cash position. We note that this is on top of nearly $15 billion of annual dividend payments.”

To this end, Muller reiterated an Outperform (i.e. Buy) rating on Apple, while raising the price target from $345 to $390. The upside potential from current levels is 9%. (To watch Muller’s track record, click here)

Overall, Apple's Strong Buy consensus rating is based on 29 Buys, 4 Holds and 1 Sell. However, after recently notching another all-time high, the $340.23 average price target suggests possible downside of 5%. (See Apple stock-price forecast on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

(RTTNews) - The Malaysia stock market has moved higher in back-to-back trading days, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,510-point plateau and it may add to its winnings on Tuesday.