Two new research reports highlight why investors should stick out the pain, and 'own, not trade' the Big Tech name.
It's no secret that Apple has had a rocky start to 2024. A slew of cautious analyst commentary, regulatory hurdles, and soft iPhone sales in China have knocked down the stock and investor sentiment with it. However, two new research reports show why investors should stick out the pain — and "own, not trade" the Big Tech name. Evercore ISI argues that Apple's year-to-date losses are "overdone," and shares have several tailwinds ahead.
Customers crowd an Apple store during the first day of sale of the iPhone 15 series smartphones on September 22, 2023 in Shanghai, China.has had a rocky start to 2024. A slew of cautious analyst commentary, regulatory hurdles, and soft iPhone sales in China have knocked down the stock and investor sentiment with it. However, two new research reports show why investors should stick out the pain — and "own, not trade" the Big Tech name.
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