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Trang chủ » Despite rare downgrade, Apple remains stable in trade. Experts weigh in.

Despite rare downgrade, Apple remains stable in trade. Experts weigh in.

Apple trades flat despite rare downgrade. Here's what the pros say

Apple trades flat despite rare downgrade. Here’s what the pros say

Investors and analysts are in a state of flux as Apple’s shares traded flat despite Loop Capital’s downgrade from buy to hold. The firm predicts that the technology giant will experience a missed revenue forecast this quarter, as a result of a 10% reduction in iPhone builds and shipments. The pros, including legendary investor Jim Cramer weighed in on the situation and discussed the ramifications of the situation. Apple had beaten revenue expectations last quarter, but had previously announced that this period’s revenue would fall by around 3% compared to the previous year. Despite the downgrade, Apple’s stock managed to avoid a major hit, finishing the trading day just half a percent lower. Cramer still holds Apple stock in his Charitable Trust portfolio.

FAQs:

Q: What caused the downgrade for Apple from buy to hold by Loop Capital?
A: Loop Capital predicted a missed quarterly revenue target for Apple due to a 10% reduction in iPhone builds and shipments.

Q: Did Apple experience any adverse effects from the downgrade?
A: Despite the downgrade, Apple’s stock remained relatively steady, finishing the trading day half a percent lower.

Q: Does Jim Cramer still hold Apple stock in his charitable trust portfolio?
A: Yes, Cramer still holds Apple stock in his charitable trust portfolio.

Apple trades flat despite rare downgrade. Here's what the pros say
Apple trades flat despite rare downgrade. Here’s what the pros say

Experts weigh in as Apple maintains flat trade despite unusual downgrade.

Investors and analysts have reacted to the news that Apple shares remained flat, despite Loop Capital downgrading their “buy” rating to “hold”. According to Market Movers, the megacap tech company is predicted to miss its revenue forecast, due to a 10% cut in iPhone builds and shipments. Jim Cramer, among other market experts, shared their thoughts on the matter. It was noted that Apple beat revenue expectations last quarter, but the company has said that revenue for this period will fall by about 3% from the previous year. At the end of the trading day, Apple’s stock had fallen by half a percent. It is worth noting that Apple is currently held in Cramer’s Charitable Trust portfolio.

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