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Apple stock registered one of its biggest daily declines in a year as investors took in the latest in a series of downgrades of the tech company. Among 44 analysts who cover the stock, according to FactSet 60% have a Buy rating of the equivalent, 30% rate Apple at Hold, and only 10% rate it at as Underweight or Sell. KeyBanc’s Brandon Nispel joined in October, downgrading Apple to Sector Weight from Overweight...
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Barclays analyst Tim Long says Apple's iPhone sales will continue to be weak throughout 2024...
Continue ReadingApple stock is downgraded on signs of iPhone sales weakness, Moderna receives an upgrade, and Tesla reports fourth-quarter deliveries of 484,507, beating Wall Street estimates...
Continue ReadingApple (AAPL) shares slid after Barclays downgraded the stock to an "Underweight" rating and trimmed its price target by $1 per share. The analysts cited weakening iPhone sales and broader demand slowdown across Apple's product ecosystem after four straight quarters of declining revenue. Chevron (CVX) announced it will take $4 billion in charges for the fourth-quarter related to increased regulatory and environmental liabilities, mainly stemming from California oversight of the oil giant's operations within the state. Wells Fargo struck a bullish tone on Citigroup (C), naming it their top bank pick for 2024. Analyst Mike Mayo predicts Citi shares can double over the next three years. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
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The stock market woke up on the first trading day of 2024 Tuesday with a serious hangover after enjoying fizzy gains in 2023. Meanwhile, Microsoft fell 1.4% and led a brigade of top growth stocks that enjoyed solid advances last year but are now testing a key level of technical support. Microsoft, the juggernaut in enterprise software, cloud computing, gaming — and most recently software applications driven by artificial intelligence — slumped 1.8% and hit a session low of 366.77, below its rising 10-week moving average...
Continue ReadingThe federal minimum wage in the US hasn’t changed from the hourly rate of $7.25 in over 14 years. But 22 states and 40 cities increased their own minimum wages to ring in the New Year...
Continue ReadingApple stock fell on the first trading day of the year, weighing down the US stock market and snarling Big Tech’s gangbusters 2023 rally...
Continue ReadingThe high-flying 'Magnificent Seven' mega-cap tech stocks that powered markets in 2023 seem poised to extend their leadership in 2024. According to FactSet data, six of the seven including Microsoft (MSFT) and Nvidia (NVDA) are projected to rise double-digits this year, with only a negative return seen for Tesla (TSLA). Yahoo Finance's Josh Lipton and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingAfter stellar gains in Magnificent Seven stocks like Nvidia, several IBD Leaderboard names face their first test of 2024...
Continue ReadingBYD Company Limited (OTC: BYDDY) ended 2023 by beating the EV king, Tesla Inc (NASDAQ: TSLA). On the first day of 2024, BYD revealed it made more than 3 million new EVs. Tesla released its full year figures the following day, revealing that although its fourth quarter deliveries topped estimates, Tesla fell behind its main Chinese rival for the first time. Competition Is Heating Up Before 2023 came to an end, Chinese smartphone maker Xiaomi Corporation (OTC: XIACY) announced it is entering the E...
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