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Apple’s lengthy iPhone X lines are good news for these stocks

Drooling over the IPhone X in Beijing on Friday

Well before dawn Friday, Apple’s flagship store in Madrid had about 150 people huddled in the rain out front — no mean feat for a city that’s usually fast asleep at that time.

That scene has been repeated around the globe, with long early-morning crowds and enthusiasts like the guy in Sydney in the tweet below, gushing over his iPhone X as the high-priced handset goes on sale in stores: “I’m very excited to open this bad boy and start using it ... what a feeling.”

Yes, it seems the lines are back.

So those who fretted over pesky things like a $1,000 price tag may be chowing down on humble pie today, as those iPhone X sales coincide with fairly impressive results last night. Apple’s already up in premarket, and ready to take a bunch of stocks with it.

Among the companies that keep Apple’s gadgets humming, German supplier Dialog Semi DLG, +3.47% shot up about 4% out of the gate in Frankfurt this morning.

That bring us to our call of the day, which lays out some supply-chain winners for Apple in the wake of those results.

“We believe the staggered iP8-iPX launch, and slower/constrained build peak should fuel upside to normal December and March quarter seasonality,” say Oppenheimer analysts Rich Schafer and Joshua Buchalter in a note.

The chart below shows how some of those suppliers have been performing so far this year:

Here’s another weigh-in from RBC Capital analysts, led by Amit Daryanani, who say Apple’s guide on a better-than-expected holiday quarter is good news for momentum beyond that period.

RBC’s top picks on the supplier side are Amphenol and Broadcom.

And given the strong revenue guidance from Apple, Daryanani thinks the tech leader could surprise on the upside when it comes to units shipped in the December quarter. Plus, he’s expecting a 7% rise in fiscal 2018 shipments.

Indeed, analysts were backing or boosting price targets this morning for the iPhone maker.

Away from techs, don’t forget it’s jobs day. Check out below for the latest updates.

Key market gauges


What with all that earnings and demand cheer, Apple AAPL, +2.61% is on the way to big pop at the start Friday. The iPhone maker showed a turnaround in sales in three big areas.

Sotheby’s BID, -3.33% will report ahead of the open, and that’s it for major earnings for the week.

The economy

Hurricanes took their toll on the economy

The U.S. added 261,000 jobs in October, but gains were inflated by a rebound from hurricane effects. The unemployment fell to 4.1% from 4.2%, a nearly 17-year low. Average hourly earnings fell by a penny.

The trade deficit widened, with exports surging to a nearly 3-year high. The October services PMI at 9:45 a.m. Eastern. Then it’s the latest on ISM nonmanufacturing orders and factory orders, both at 10 a.m..

The chart

A new survey from Pew Research shows that just under half of U.S. adults use Facebook for news, which has the biggest share of social-media news consumers.

About 26% of American adults get news from two or more sites.

More than 300 Apple iPhone X handsets were stolen out of a UPS truck in San Francisco earlier this week.

Twitter TWTR, +0.96% says it’s “conducting a full internal review” after Trump’sd account was apparently “deactivated” by an employee who was leaving the company. The account was down for about 11 minutes.

It is shocking that some random Twitter employee could shut down the president's account. What if they instead had tweeted fake messages?

— Blake Hounshell (@blakehounshell)

The stat

As many as 2 billion more consumers in emerging markets could own smartphones over the next three-to-four years, according to new note from HSBC Global Research.

The bank says consumer-facing tech is the most exciting way to play the rising middle class in those markets. Alibaba BABA, -0.87% , Baidu BIDU, -0.23% and JD, +1.43% are three such companies they say track into this theme.

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