-- Apple Inc. was named a top pick for 2024 at Bank of America on optimism over the iPhone maker’s upcoming results, as well as its longer-term prospects.S&P 500 Tops 5,000 as Earnings Kick Into High Gear: Markets Wrap
The stock has been pressured by concerns over growth, especially for the iPhone in the key China market, as well as regulatory pressure and the lack of a strategy surrounding artificial intelligence. Bloomberg Intelligence is also cautious, writing that Apple, given weaker iPhone demand in China, “will likely give fiscal 3Q sales guidance for the device below consensus’ 2% drop.” Analyst Anurag Rana adds that “this could prolong the company’s slow growth and negative sentiment.”While Apple remains a dominant stock in benchmark equity indexes, accounting for 5.7% of the S&P 500, Wall Street is fairly skeptical.
If You’d Invested $5,000 in Brookfield Renewable Partners Stock in 2023, This Is How Much You Would Have TodayLAVAL, Que. — A Quebec-based union says it has filed an application to represent hundreds of Amazon.com Inc. workers at a warehouse in the province. The Confédération des syndicats nationaux says the application it made with the Administrative Labour Tribunal is to represent 200 employees at Amazon's DXT4 warehouse in Laval.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »