Page 20 - Tim Long News Today

Strategists at Barclays, led by Tim Long, changed their rating on Apple stock to Underweight from Equal Weight.

Investment analysts at Barclays say that the 2024 iPhone 16 range won't reverse what it sees as falling iPhone demand, and consequently has lowered its stock price target.

The Magnificent Seven's market cap plunged by $250 billion in the first trading session of the year, led by Apple Inc.'s 4% drop and a sell call from Barclays analyst Tim Long.

Apple shares fell more than 3% after Barclays downgraded the stock and trimmed its price target on what it sees as weakening iPhone 15 sales…

Shares set to drop amid a tech-led sell-off in New York; Apple sinks on downgrade; Infratil’s CDC affirms guidance; US dollar boosted by higher yields. Follow updates here.

Two of the major benchmarks ended in the red, while the blue-chip average was essentially flat.

AMD stock tumbled in 2024's first trading day as big news surrounding Apple and ASML triggered a rise in bearish momentum for the tech sector.

(Reuters) -Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded the shares of the world's most valuable company on concerns that demand for its devices from the iPhone to the Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a "sell" rating on the stock, which now has its most number of bearish recommendations in at least two years, according to LSEG data. The stock accounts for a hefty 7% of the S&P 500's ...

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While some of these closures came as a surprise, others had reported staffing issues which inevitably led to the permanent shutdown.