The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Apple shares continued to rally Thursday, and analyst Shawn Harrison thinks the tech giant's run will continue thanks to strong demand for the iPhone 7.
"Google search trends for the iPhone, which is typically predictive longer term of demand, are up significantly year-over-year relative to the iPhone 6 over the first few days of … preorders, 5 to 10 times," Harrison said.
He believes the iPhone 7 turned out to be substantially better than everyone was expecting.
"We view the phone to actually be a pleasant surprise. Many of the features had been leaked, but the extra battery life, the performance, the additional speakers were a nice surprise," he said.
He has a "buy" rating on the stock and a $130 price target.
Apple launched the new phones last week and said Wednesday initial quantities of the iPhone 7 Plus have sold out globally. The smaller iPhone 7 has sold out in the jet black color.
Sprint announced pre-orders of the new iPhones were up more than 375 percent in the first three days compared with last year. T-Mobile said pre-orders are up nearly four times compared with pre-registrations for the iPhone 6S and iPhone 6.
Harrison noted that there are about 700 million iPhone subscribers exiting this year and a lot of them could potentially upgrade their phone.
He said other potential catalysts could be the supply chain raising its production forecast heading into October, ahead of the earnings period. Plus there will be the refresh of other products, like the MacBook, in the fall, he added.
Apple shares have rallied over the past few days, and were up more than 3 percent Thursday in afternoon trading. If the stock closes 2 percent or higher, it would be the fourth day straight of doing so. That hasn't happened since April of 2009.
However, despite the recent rally, shares are still trading at a discount to the S&P 500, Harrison pointed out.
— CNBC's Anita Balakrishnan and Peter Shacknow contributed to this report.