February 2017


Here’s how you can jailbreak your iPhone without worrying about certificate expiration

A few months ago, we finally saw the release of iOS 9.2-9.3.3 jailbreak by the Pangu team. This jailbreak is a bit different from previous versions in a few regards. Firstly, it can be considered semi-untethered, meaning you have to run an app each time you boot to jailbreak your device. Secondly, the app used to jailbreak works via a certificate that will expire in a few months, specifically in April 2017.

Until that day arrives, users can continue to use their jailbroken phones easily, but once it does, you won’t be able to perform the action on your phone without a proper certificate. Fortunately, veteran iOS hacker Luca Todesco has come up with a solution to this problem on his website Surprisingly, the webpage lets you re-jailbreak your device without any certificate. If your gadget has already been through jailbreaking process, you can have it redone just by visiting the site. In case you’re a newbie, follow this guide:

Step 1: First of all, follow the instructions here to jailbreak your iPhone, iPod, or iPad for the first time. 

Step 2: Once your phone has been jailbroken, visit the following link on Safari. Don’t hit the Go button just yet. Tap on the Share button in Safari and select “Add to Home Screen.” 

Step 3: Name it to Jailbreak and the shortcut will be placed on your home screen. Now, all you need to do for the jailbreak is launch the home screen shortcut and tap on go. In a few seconds, your phone will respring into jailbreak mode.

That’s how simple it is. If you have any questions, do let us know in the comments below.

The Chinese retail giant outclassed all expectations and scored a record-high 47% YoY organic growth

Alibaba Group Holding Ltd (NYSE:BABA) stock soared following rather impressive June quarter Q1FY17 results. The stock also received price target raises from Evercore ISI and RBC Capital, and stands desirable with 32 Buy ratings overall.

The Chinese e-commerce giant scored a record high revenue growth of 59% YoY with $4.85 billion in revenues, beating consensus estimates of $4.52 billion. The revenues contain 47% YoY organic growth, an achievement unprecedented over the last seven quarters. Adjusted EBITDA also rose 41% YoY to $2.2 billion, beating expectations by a 12% margin. The $0.74 non-GAAP earnings per share (EPS) also pleasantly beat the Street estimates of $0.69. 

RBC Capital’s top analyst, Mark Mahaney, maintained the stock’s Outperform rating and bumped up the price target slightly from $105 to $110. He correlated the organic revenue growth with the Desktop and Mobile monetization improvement, and noted that the latter is gaining more. He finds Alibaba’s fundamentals strong and expects growth trends to continue climbing.

Mahaney stated, “Fundamental trends are robust for BABA, and driven by Mobile, which we believe will help sustain premium growth rates in the Core China Commerce segment. BABA also continues to demonstrate high levels of profitability.” The RBC top analyst increased his fiscal year 2017 guidance for EBITDA by $11.67 billion.

Evercore ISI also raised its price target from $98.00 to $110.00, praising the “very solid” results driven from strong margins and user metrics. The investment firm also raised its full year guidance for BABA’s revenue to 50% (vs. prior 45%) and EBITDA to 33% (vs. prior 22%). It also nodded at the further insight given on the new segment disclosures, previously briefed about on Analyst Day in Hangzhou.

Overall, according to Wall Street Journal, 32 analysts across the Street rate Alibaba as “Buy”, 3 rate it “Outperform”, 7 suggest “Hold”, while none rate it “Underperform” or “Sell”. The consensus target price lies at $98.72.

The Country Caller examines both the companies from a technical analysis perspective

Intel Corporation (NASDAQ:INTC) and Micron Technology, Inc. (NASDAQ:MU) are two of the renowned names in the semi-conductor industry who have been trying to expand their presence lately and are trying to outweigh their competitors. Intel won a contract to produce upcoming iPhone 7 modems last month, after which analysts started to feel optimistic about the company.

The Country Caller had discussed the possibility of a new 52-week high level, which now is just 34 cents away. Rumors have been surfacing that Intel might sell its security business which it purchased for $7.7 billion back in 2010. McAfee has been lackluster in comparison to other divisions of Intel. CEO Brian Krzanich announced massive job cuts in April as he said to focus more in growth areas, whereas the likely sale of McAfee may add in conserving human resources for better use.

Micron Technology has also been in the limelight as the company reported its quarterly financial results recently. Share prices plummeted by more than 9% following the earnings as the chip maker reported losses. However, the future outlook of the company remains bright amid substantial cost savings next year. The Country Caller examines both the companies from a technical perspective.

Intel currently seems to be approaching an overbought scenario though the bulls are still in power. The 14-day RSI currently appears to be getting high, which suggests to remain cautious before taking a fresh entry. The current bullish trend appears to be gaining strength while the bulls still have a lot of potential with them. Is quite likely we may see a new high in intraday.

 Major price level for Intel Corporation is $35.21, a break above which may lead to $35.42 and $35.79 levels, respectively. major support resides at $34.84 level, a break below which may depress prices to $34.68 and $34.31 levels, respectively. we maintain a bullish stance on Intel Corporation for today.

Micro Technology seems to be in the Neutral region and we expect the bulls to take the lead. The 14-day RSI currently suggests that there is a lot of potential for the bulls. Other indicators also suggest the same view. The current bullish trend is weak while the bulls are left with little power.

Major price level for Micron Technology today is $13.43, a break above which may lead to $13.57 and $13.89 levels, respectively. major support resides at $13.11 levels, a fall below this level may further depress to $12.93 and $12.61 levels, respectively. we remain Neutral on Micron Technology and recommend investors to wait for a dip.

Apple investors have a lot to be concerned about, after its second quarter earnings saw the company managing expectations unsatisfactorily, delivering light guidance

Apple Inc. (NASDAQ:AAPL) is in a tricky spot, both as an investment and a potential blue chip stock. The giant’s management efforts to continue to maintain a very prudent outlook for delivering guidance has never deterred Wall Street from making its own observations, something that has continued to grow every quarter, with Apple making massive inroads to beating the market’s expectations.

Managing these, should a hiccup come along the way, is another issue altogether. Apple, today, is a victim of a stagnating smartphone market according to its CEO, Tim Cook, even as it came short against expectations in China; its biggest growth story.

In Apple’s defence, the benchmark was set extremely high; it could not continue growing at the same pace it has exhibited for over the past few years even as its product line, apart from the iPhone, is essentially limited at best.

It must be noted, however, that the iPhone has been on a downward momentum spiral for quite a bit of time now, pushed into a corner with the imminent iPhone SE release in the previous quarter, as well as rumors pointing to a massive spec upgrade towards the next generation iPhone 7.

Apple’s growth story has been disrupted, something that is highly worrying for Wall Street, as the generally bullish mind set of the market tends to favor growth stocks as opposed to more stable market names, something that also adds considerable volatility to the mix.

The Cupertino giant has about $230 billion in net cash and liquid reserves, something that even ex-taxes allows it significant buying power in a market where an increasing number of start-ups are being acquired by Google (GOOGL) and Microsoft (MSFT).

More importantly, it is exhibiting strong potential growth in the services sector, something that is not easy to dismiss, given the high cap that such growth has in the foreseeable future. The company continues to command impressive gross margins, which are pushing approximately 40% consistently.

Apple, as a stock, has a way to go in the stock market even at the back of its current earnings. As a stock, I feel, it is inherently undervalued from the outset of this year; the negatives of the earnings report are more or less negated by the positives and its current price where it trades at a significant discount when compared to any of its competitors.

A prudent investment strategy would be go long on AAPL stock at sub-$90 levels, with a portfolio positioned to take advantage of any further dips by increasing the position to two-fold, should it move to about $85 with a stop-loss at $70. Investors can set their own take profit levels, but a move to $120 over the next 12 months is not an unrealistic expectation, once the market sees Apple for what it is: the most undervalued big-cap tech stock in the industry this year.

Apple stock is currently trading at $97.85 in the premarket at the time of writing, down 7.71% as the market continues to price in its earnings report.

It’s unclear why the stock dipped below its lowest level yesterday. The Country Caller takes a look

Valeant Pharmaceuticals Intl. Inc. (NYSE:VRX) stock carved a new 52-week low yesterday, as shares fell 1.22% to $21.77 during regular trading. Last Friday, the drug maker said that Valeant Canada will expand operations as the company has made an investment of $27.5 million in the subsidiary.

Today, Wells Fargo has said that it contacted the SEC after a 60-page document regarding Valeant’s use of Non-GAAP reporting methods was held by the Commission. The research firm requested the firm for further information, however, the Commission withheld that information. Upon this, the firm said that the problem could be even more grave than it initially appeared to be.

As a result, Valeant shares traded 4.13% lower at $21.59 as of 12 PM EDT. The stock has plunged more than 79% over the last six months, and the company’s market capital now stands at $7.87 billion.

However, recently-appointed CEO Joseph Papa wants to turn around the company, as he said in a meeting with investors earlier last week. He shared his plans to pay off the company’s massive debt pile with the shareholders. Mr. Papa said that Valeant will sell its non-core assets, including its dermatology businesses, to raise as much as $500 million. However, that is still far from the $31 million the company owes in all.

According to CNBC, one of the questions that was raised at last week’s investor meeting asked how Valeant would respond to the state’s investigation of its drug pricing activity. The CEO said that the company would cooperate with the government appropriately. Interestingly, the company is said to benefit from seasonality as well, as Mr. Papa mentioned in the earnings call earlier this month.

The Street seems to be divided in its sentiments on the stock. Of the 20 analysts covering the stock, as on Thomson Reuters, five are bullish, 10 are neutral, while the rest are bearish in their stances. The 12-month consensus price target stands at $43.72 right now, suggesting shares have 94.13% upside potential over the last closing price.

The analyst has not changed his rating or price target on HP Inc shares

Amit Daryanani, an analyst at equity research firm RBC Capital, maintained his Sector Perform rating and $16 price target on HP Inc. (NYSE:HPQ) shares today, depicting 0.31% potential upside over the stock’s last close. The analyst released a research note on the stock after the company posted its fourth quarter of fiscal year 2016 earnings yesterday.

For the quarter, HP Inc. posted strong upside to the October quarter revenue. The analyst also said that the company’s free cash flow has a strong upside as well, thanks to higher-than-expected performance of the PC business due to consumer demand which led to better year-over-year sales growth.

While the company’s revenue was better, it issued an earnings guidance for the January quarter which fell short of the Street. The company’s management reaffirmed its guidance for fiscal year 2017 which it had issued at the Analyst Day last month. Mr. Daryanani feels analysts would be concerned about: “1) non-linear supplies recovery vs. expectations for steady progress, 2) potential for PC component shortages negatively impacting margins, and 3) general macro uncertainty (a worsening macro would have an outsized impact on the higher margin supplies business).”

The analyst said he might have a better rating on the stock if it continues to perform well in the PC market and arrives at a supply revenue inflection point earlier than it is expected to. If that happens, the company would have significant upside to its FCF, he added.

According to the consensus ratings by FactSet Fundamentals, of the 24 analysts covering HP Inc., eight have a Buy rating, two have an Overweight, while the rest have issued a Hold. The 12-month consensus price target for the stock stands at $15.65, denoting 1.88% downside potential from its last close.

The green team will be holding the first conference at the annual tech event

The annual Consumer Electronics Show will be held in Las Vegas between January 5 and January 8, 2017. Among other key briefings at the event, NVIDIA Corporation (NASDAQ:NVDA) is the first one to be confirmed for a keynote during the show, which will be delivered by CEO, Jen Hsun Huang. The green giant is expected to talk more about the company’s latest technologies.

“When Huang takes the stage, you can be sure he’ll break news in some of the areas we’re focused on: artificial intelligence, self-driving cars, virtual reality, and gaming.” – NVIDIA blog

NVIDIA usually talks about AI and self-driving cars at CES, but it’s exciting to see VR and gaming up there. We could see the launch of GeForce GTX 1080 Ti, which would go on to sell for less than the new Titan X and offer very close performance. NVIDIA could also brief us on the future graphics card lineup. It is still too early to talk about Volta in detail, but hopefully, NVIDIA will give us an updated roadmap. The last roadmap update came out in 2014.

According to multiple rumors, NVIDIA will introduce Volta in 2017 instead of 2018. The likelihood of that happening is high considering NVIDIA has unveiled nearly all major Pascal graphics card with three months, including the TITAN X which came as a surprise for everyone. The debut of GTX 1080 Ti will seal the Pascal lineup and it will be a signal that NVIDIA has shifted efforts to the next big architecture.

We’ll keep you updated on CES news and the rumor mill regarding NVIDIA’s plans for the event.

Under Armour Inc.’s nonvoting shares trade at a narrow discount as compared to voting shares; Barron’s. This difference could be a profiting opportunity for those interested in the stock

This might be an opportunity to profit for the fans of Under Armour Inc. (NYSE:UA) stock as some discount is expected between the company’s share classes. Last year, the sports clothing and accessories provider announced to split up its shares in two, so as to introduce a whole new class of C shares. The company said that the C shares are similar to A shares, except that the C shareholders would not have voting rights. The step was aimed to retain CEO Kevin Plank’s hold of the company whether or not he issued or sold UA stock to pursue a buyout.

According to “Investors, however, have made their preference clear. Last week, the C shares traded at a 10% discount to the A shares, compared with a 3% discount in April.” This amounts to a 13% gap between the two shares. It also implies that the nonvoting shares are trading at a modest discount to voting shares, merely due to the significance of voting rights. Same is the case with Alphabet Inc’s C shares that trade at 3% discount to class A shares.

Paul Schultz, a Professor of Finance at Notre Dame University observes that the discount gap between class A and class C shares would tend to narrow over time. He says: “If you are considering buying the stock anyway, you could earn a little extra return.”

Under Armour shares plunged last week soon after reporting second quarter profit of $6.34 million, down approximately 60% on year-over-year basis. The decline was majorly driven by a huge jump in capital investment and bankruptcy filing by Sports Authority. The capital spending was high in quarter ended June due to the new product launches and UA’s online presence building initiatives.

John Kernan, Cowen analyst, noted a slump in sports apparel maker’s profit margins due to its enormous capital spending and expects it to improve upon lesser spending. He highlighted 28% growth in UA’s sales in Q2 to $1 billion. The company’s profit margins fell to 47.7% from a year ago margin of 48.4%. He further said if the gap between the two classes is closed, it’ll give “downside support.” Cowen has an Outperform rating on the Company stock.

Rising interest rates, rolled-back regulations, growth with technology, and steep yield curve

Within a month, Bank of America Corp (NYSE:BAC) stock spiked more than a quarter hitting 7-year high. Stock price was primarily driven by the surprising result from the US presidential election. Brian Moynihan, chairman and CEO, gave an interview to CNBC and looked positive about the growth of the banking sector, assuming the pro-banking policies under Trump administration and rising interest rates.

Mr. Moynihan said that the coming new cycle of contractionary monetary policy and less stringent regulation of banks would be a boost to the financial institutions. Financial Select Sector (XLF) has already jumped more since the election day. He further added, “Faster growth, that’s good for Bank of America. Higher interest rate structure, that’s good for Bank of America.”

He also said that the current business model and guidance have weighed in the rising interest rates. Majority of the analyst expect a rate hike on December 14. It will be the first-rate hike in 2016, and the second in the decade. Therefore, bank stocks have already weighed in the benefits on higher rates by rallying sharply since the financial crisis in 2008.

Mr. Moynihan mentioned the role which president-elect Donald Trump will play for the banking industry, as he is expected to roll back regulations. It will allow investors to invest more capital into banks which may help the economy to grow.

Bank of America is also investing in technology to provide better solutions for its clients and drive productivity, according to the chief executive. He said, “[Better tech means] better future functionality for the clients and the customers, and that’s what we’re driving.”

Last quarter showed some signs of improvements in the fixed-income trading despite poor performance investment banking. The yield curve seems to steepen since the election day which is also considered as a gauge for the economy. Steeper the curve, better the economy, and more profits for the banks.

Users would have another option to get their hands on the latest Pixel smartphones apart from Verizon or Best Buy outlets

Alphabet Inc (NASDAQ:GOOGL) is set to open a popup store in time for October 20 when the latest Pixel and Pixel XL smartphones will start shipping, to provide a more hands-on experience to the customers and enable them to purchase the handsets. Users who want to purchase Pixel or Pixel XL devices may head over to the nearest Best Buy, Verizon outlet, or order online on Google Store, but they wouldn’t have the choice to try Pixel and Pixel XL smartphones through their paces at any of the three options. This is where the new “#MadeByGoogle” Store comes in, where users would be able to try the Pixel phones, see if they like them, and buy them.

Apart from the obvious efforts to match Apple blow-by-blow with the design and build quality, and later by developing a particular marketing campaign for Pixel smartphones, Google now looks to match another aspect of Apple’s sales efforts: stores where users go to try and buy the devices they like.

New York City is full of hustle and bustle and human life unmatched by any other city in the world, and it is for this reason that companies feel they must maintain a healthy, active presence in the Big Apple. It is understandable that Google has chosen 96 Spring Street, New York City, as its first #MadeByGoogle location.

It could also be speculated that once the first store is up and running, Google could envisage stepping into retail similar to the way Apple did, when it opened the doors to its first store in Virginia in 2001, which ushered in Apple’s dominance of the country’s consumer electronics sector.