Apple Is Weathering The Chinese Storm $AAPL

Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.

Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:

• $AAPL $PLTR $BIOC $ORCL $SJM
• Apple Inc. (NASDAQ:AAPL): Apple will be unveiling the new iPhone15 after the Chinese storm. Apple reportedly considering to discontinue silicone-based accessories for its iPhone lineup as part of an eco-friendly initiative to transition to more environmentally sustainable materials. Rumors have picked up regarding Apple’s intention to replace leather accessories with “FineWoven” versions, starting with products designed for the upcoming iPhone 15 generation.
• Palantir Technologies (NYSE:PLTR): The software company attracted interest from investors this week, which comes as a report says the company is part of a group that will help advise President Joe Biden and the White House on regulation of the artificial intelligence sector. Palantir CEO and co-founder Alexander Karp is among the vocal group who thinks the AI sector needs more regulations going forward. The White House is expected to announce plans on Sept. 12, which could put Palantir shares back in the spotlight. Shares of Palantir are up 138% year-to-date, but have pulled back as artificial intelligence-linked stocks cool off despite impressive gains earlier in the year.
• Biocept, Inc. - Common Stock(NASDAQ: BIOC) Biocept shares are trading higher after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.
• Wall Street expects Oracle Corporation (NYSE:ORCL) to report quarterly earnings at $1.14 per share on revenue of $12.46 billion after the closing bell. Oracle shares rose 0.3% to $126.64 in after-hours trading.
• J.M. Smucker Company (NYSE: SJM) Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.

Hosts:

Michael O'Connor , Benzinga Newsdesk

Reach out to Michael at michaeloconnor@benzinga.com

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