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Apple stock may not be a 'safe haven' for much longer, Bank of America warns in downgrade

Por: MarketWatch Politics September 29, 2022

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“Shares have outperformed significantly [year to date]…and have been perceived as a relative safe haven,” he wrote. “However, we see risk to this outperformance over the next year, as we expect material negative [estimate] revisions driven by weaker consumer demand.” Apple shares have declined 20% so far this year, as the S&P 500 has fallen 24% and as the S&P Composite 1500 Information Technology sector has declined 31%. The... + full article



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