Forex
globalreutersApril 22, 20241 Mins read
ICYMI: UBS downgraded Magnificent 6 tech stocks (6 = 7 minus Tesla) to Neutral
globalreutersApril 22, 20241 Mins read UBS downgraded the “Big Six” tech stocks from Overweight to Neutral:
- Amazon
- Apple
- Alphabet
- Nvidia
- Meta
- Microsoft
UBS cite:
- “difficult comps and cyclical forces weighing on these stocks”
- previously outsized earnings for these are “collapsing” … earnings per share growth for this group is expected to slow to 15.5% from 42.2% by Q1 of 2025
This article was written by Eamonn Sheridan at www.forexlive.com.
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