-- 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.
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