(Bloomberg) — More analysts covering Apple Inc. are cutting their share-price forecasts, signaling growing concerns about an economic slowdown that could hurt the sales of its products. Wells Fargo Securities and Morgan Stanley were the latest to lower their price targets, joining a drumbeat of brokerage firms that have recently reduced their stock forecasts ahead […]
Read More(Bloomberg) — Tesla Inc. looks more than ever like a mature company, with 11 consecutive quarters of profits and long-term production goals. Yet analysts couldn’t disagree more about where the shares of Elon Musk’s company are going. Their price targets — predictions for the electric-vehicle maker’s stock 12 months from now — range from a […]
Read MoreFANG is an acronym for four companies: Facebook (now named Meta Platforms Inc.) (FB), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), and Alphabet Inc. (GOOGL). These companies represent a variety of different sectors, ranging from communication services to technology to consumer discretionary, but are often grouped together because they historically have been among the fastest-growing, most […]
Read More(Bloomberg) — A collapse in shares of Snap Inc. dragged technology companies exposed to digital advertising lower late on Thursday after the owner of the Snapchat app warned that customers are cutting back on ad spending. Facebook Inc. and Twitter Inc. were among the biggest decliners, with each at one point sinking more than 6% […]
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