Analysts Cut iPhone Price Target Amid Slowing Demand
On Monday, Analysts from Jefferies lowered their Apple rating to “underperform“, citing that iPhone sales weren’t doing well and AI wasn’t growing as fast as expected, which would hurt the company’s profits. Following forecasts that Apple will not meet Q1 2025 revenue targets, Jefferies downgraded the stock to Underperform.
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Read MoreApple TV's 'Severance' generates $200M in first season: report
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Apple (NASDAQ:AAPL) TV’s series Severance, which just launched the premier episode of season two on Friday,
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Read MoreWhat Just Happened to Apple Stock?
Once hailed as a must-own stock, Apple (AAPL) stock is struggling. The stock, which is among the magnificent 7, erased its December 2024 rally in recent weeks. After shares peaked at $260, Apple stock closed last week at $229.98 at a P/E of around 38 times.
The rich valuation is not the only reason the technology firm traded lower.
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Read MoreDow climbs over 300 points — as Wall Street not fearing Trump tariffs yet
Breaking News
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Read More32.1% of Warren Buffett's $295 Billion Portfolio Is Invested in 4 Artificial Intelligence (AI) Stocks
The Burst
Ominous Signal Strikes for First Time in 90 Years
If one key indicator is to be trusted, the U.S. economy may be headed either for choppy waters or over a cliff, and the fallout for stocks may be enormous.
While there is no doubt that the forces of money supply creation and consequently inflation drive nominal prices higher over the long-term, the short-term is less easy to forecast with the same degree of accuracy.
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Read MoreThe Ivy
The Max Pain Trade Is…
If one market analyst is to be believed, the path of the market that will lead to most pain will involve a move higher from the early August lows followed by a sharp correction in September and October, repeating a pattern not seen since 1998.
Back then July marked the high and October the low,
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Read MoreThe Spotlight
Market Commentary: 1 Stock That Landed Man On The Moon
Did you know that man would never have landed on the moon without a company that flies under the radar, called Analog Devices. Its data converters were used in the Apollo Lunar Lander, and today they play a role in everything from smartphones to autonomous vehicles.