shares could rally 20%, noting that investors should look beyond near-term headwinds for the tech giant.
"If we look beyond the near-term, we see a catalyst-rich event path over the next 12 months that is underappreciated by investors, including reaccelerating iPhone and Services growth, record gross margins, two new product launches, and the potential introduction of an iPhone subscription program," Morgan Stanley said.
"Right now you've got a situation where the stock markets and the credit markets seem to think that they have more time that they can buy before the boom really gets lowered on the economy," Rosenberg said on CNBC's ""There's no doubt the economy is not strong, but it has to weaken precipitously. Unemployment has to start contracting... I think that's where you're going to find the risk on trade," he added.
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022. The Federal Reserve could reverse its tightening policy when the jobs market shows weakness.Check out the companies making headlines after the bell.– Shares of the cloud security company tumbled more than 11% in after-hours trading.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Man that dude is a bowl of energy lay off the decaf
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bearish Dow theory signal suggests more pain ahead for stocksA 100 year-old stock market indicator is flashing bearish signals that point to more pain ahead for investors Thank Biden.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow pops more than 250 points as stocks try to shake off higher rates: Live updatesStrong results from Salesforce lifted the Dow Jones Industrial Average. Btc is on the way
Source: CNBC - 🏆 12. / 72 Read more »
Dow jumps 400 points in final half-hour, stocks brush aside climbing bond yieldsU.S. stocks were hovering near session highs in the half-final hour of trade Thursday, shaking off earlier weakness and pressure from higher U.S. government... BULLS climbing bond yields and mortgage rates going over 7 Thank Bostic + Algos
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow climbs 340 points as stocks finish higher despite rising Treasury yieldsU.S. stocks closed higher on Thursday, shrugging off early losses as words from Atlanta Fed President Raphael Bostic appeared to help lift stocks in afternoon trading. The Dow Jones Industrial Average gained 341.73 points, or 1.1%, to close at 33,003.57: It's because yields have probably peaked or nearing their peak. Money could start flowing back into stocks sooner than later. Don't trust these 'pundits'
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updatesStocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow jumped 1.05%. The S&P 500 rose 0.76%. The Nasdaq gained 0.73%. Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day. Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now
Source: CNBC - 🏆 12. / 72 Read more »
U.S. stocks open higher with the Dow on track for a modest weekly gainU.S. stocks opened higher Friday, with major benchmarks on track for modest weekly gains, as investors await data on the services sector of the economy. The Dow Jones Industrial Average was up 0.2% soon after the opening bell: We need a massive bull run
Source: MarketWatch - 🏆 3. / 97 Read more »