By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Apple Inc. was among the tech
gainers Monday following a report that suggested the company's new
iPhones may be taking market share from Android-based devices.
Apple (AAPL) edged up by 18 cents a share to $100.92. Canaccord
Genuity analyst Michael Walkley said that surveys of consumers and
supply chains indicate that sales of the larger-screen iPhone 6 and
iPhone 6 Plus indicate "a greater mix of Android smartphone
consumers switching to the iPhone 6 smartphone" than after the
launch of Apple's iPhone 5 series of phones.
Outerwall Inc. (OUTR) shares rose more than 3% to $53 after
analyst Eric Wold, of B. Riley, raised his rating on the operator
of Redbox DVD-rental kiosks to neutral from sell. Wold said that
many of the risks to the stock expected over the next year are
already forecast into Outerwall's share price.
Mild gains also came from Facebook Inc. (FB), Pandora Media Inc.
(P), Oracle Corp. (ORCL) and LinkedIn Corp. (LNKD).
Yahoo Inc. (YHOO) was down by 1% at $39.22 despite getting
upgraded by BCG Capital analyst Colin Gillis to buy from hold.
Gillis also raised his price target on Yahoo's stock to $50 a share
from $37, and said he based his upgrade on a "sum-of-the-parts"
value for Yahoo now that there is a public valuation for Alibaba
Group (BABA), which was off by 18 cents a share at $85.70
Monday.
GoPro Inc. (GPRO) was one of the day's biggest decliners, as the
wearable-camera maker's shares fell 7.5% to $78.64. A report from
France said Formula One racing star Michael Schumacher's brain
injury from a skiing accident in 2013 was caused by a GoPro camera
that had been mounted on Schumacher's head.
The tech-heavy Nasdaq Composite Index (RIXF) rose 20 points to
4,296 and the Philadelphia Semiconductor Index (SOX) rose 1%.
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