Mar 14 - Apple gets upgraded by an analyst ahead of Samsung's big announcement while Amazon suffers a ratings cut.
In -- break -- apple on Samsung's big day. You heard me right apple raised from neutral by BT IG ahead of Samsung's announcement in New York Thursday. -- Walter I think thinks apple released a lower cost iPhone will to boost its sales in the developing world. He'll -- the company benefiting from a tidal wave of iPhone four -- customers eligible for subsidized phone upgrades in a few months. And -- announces dividend policy by the end of march. Plus he doesn't see the stock going down much -- he writes we believe it's now worth risking another 10% plus some downside pain in the stock in the near term. For a potential reward that could be three times that in the first year alone. Is price target is 540 dollars. The stock is up 1% today more than 100 bucks below that level. What they think apple had that sense and will -- when it unveils its -- all the rest were found tonight. A master pitchman like Steve Jobs but it's got the money. Every three dollars Apple's been unplugging it Smartphones in the US last year stance on spent four months. Media reports citing candor media say that's a reversal from 2011 and -- outspent Samsung by more than three to one. Sense that compatriots LG spent some money. To mark Samsung is put up this -- and I'm just about Saddam's -- which says be ready for the next galaxy. Playing on the number four LG says LG Optimus Jean is here for you now. For now we don't know -- announcement the famed Radio City Music Hall will become its crowning moment. We can't guy on Apple's stock there adapted unveil iPhone 5 last fall the stock gained nearly one and a half percent on the Davis roll out. Five sessions later the stock has risen six point 3% but it proved to be its all time high and the stock has fallen roughly 40% since then. Expectations for a Samsung's phone are high speculation has almost order. Bigger screen and softer in the -- is controlled at screen with your line. Our story inspiring features a member of the four horsemen Amazon. JPMorgan cutting to stop from overweight to neutral at this season rate of growth of the company's profit margin slowing. It's still -- Amazon gaining market share e-commerce. Shares down about 2%. Soaring -- Sigma Designs the maker of chips for set top boxes posted a wider loss but that it believed it would experience profitability. In the current quarter. And that's kept putting this Thursday recovering him falls on Twitter and RT artists equity. I'm Fred Katayama and this is what it.