Dow Jones News: Apple Holiday Sales Seen as Strong; Nike Upgraded to Buy
The Dow Jones Industrial Average (DJINDICES: ^DJI) was up just 0.06% on Thursday by 2:30 p.m. EST. With no major news regarding the trade war between the U.S. and China, the stock market struggled to move strongly in either direction.
At the top of the pack were Apple (NASDAQ: AAPL) and Nike (NYSE: NKE), both rising thanks to positive comments from analysts. Apple was up after an analyst predicted a strong holiday quarter for the tech giant, while Nike rose after receiving a buy rating.
While Apple's iPhone business has stagnated in terms of units sold over the past few years, Citi analyst Jim Suva expects the company to outperform expectations this holiday season. Suva sees Apple's pricing strategy and recent demand trends driving an improved Christmas quarter.
Source Fool.com
