These are the stocks posting the largest moves before the bell.Market Insiderread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
The Trump and Republican Congress tax reform plan calls for a corporate tax rate reduction to 20 percent from 35 percent and a lower repatriation tax rate for U.S. companies' accumulated foreign earnings.
Bank of America Merrill Lynch reiterated its buy rating on Apple shares, saying the company's earnings would surge under the plan.
"We look at two aspects of potential tax law reform and their implications on Apple. … We conclude that: existing deferred tax liability on the balance sheet could allow for substantially all of Apple's foreign cash to be repatriated to the U.S.," analyst Wamsi Mohan wrote in a note to clients Monday.
"Importantly given the access to the [repatriated] cash, investors will likely assign a higher multiple to shares of Apple."
Apple shares are up 0.4 percent during Monday's premarket session.
Mohan reaffirmed his $180 price target for Apple shares, representing 16 percent upside to Friday's close.
The analyst said if Congress lowers the corporate tax rate to 20 percent from 35 percent and interest expense becomes nontax deductible, Apple earnings per share will benefit by 77 cents in fiscal 2018 and by 89 cents in fiscal 2019.
In addition, Mohan said the company has $223 billion of "unrestricted" cash held overseas that could be brought back to the U.S. under the plan's lower repatriation tax rate. He assumes a repatriation tax rate of 8.75 percent versus the current 35 percent rate for his analysis.
Mohan also shares what he believes Apple could do with the newly repatriated cash:
1) "Increase the rate of buybacks and dividend increases: More domestic cash could help Apple buy back more stock or further raise its dividend."
2) "Invest more in R&D: Apple could use the repatriated cash to invest more in R&D within the U.S." He also said Capex plans could change based on any new expensing rules.
3) "Invest more in M&A: Apple could use the cash to fund more acquisitions of companies within the U.S."
4) "Pay down debt: If interest expense is no longer tax deductible in the U.S., it may be in Apple's interest to pay down any U.S. domestic debt sooner."
Despite some recent volatility, Apple' stock is significantly outperforming the market. Its shares are up 34 percent year to date through Friday compared with the S&P 500's 14 return.