Why Top Asset Managers Are Shorting Sterling Amid UK Economic Crossroads
Bearish Bets Mount Against the Pound Several prominent asset management firms are taking significant short positions against the British pound…
Tag: Market trend
Jefferies Trims Apple Price Target Amid iPhone 17 Slowdown and Tariff Risks
Jefferies analyst Edison Lee lowered Apple’s price target to $203.07, warning of 17% potential downside. The bearish outlook cites iPhone 17 sales slowdown, tariff risks, and unattractive valuation despite the stock’s 2% YTD decline.
Jefferies has turned increasingly bearish on Apple Inc., with analyst Edison Lee lowering the price target to $203.07 per share while maintaining an underperform rating. The revised target suggests potential 17% downside from Friday’s $245.27 close, reflecting concerns about iPhone 17 momentum, tariff uncertainties, and current valuation levels despite the stock’s 2% year-to-date decline.
Apple Price Target Reduction and Market Impact
** Wall Street Investors Eye Bank Earnings for Economic Clues Amid Data Uncertainty
** As the federal government shutdown disrupts economic data flow, investors are focusing on upcoming bank earnings for crucial economic signals. Major financial institutions’ reports will provide insights into consumer spending, loan demand, and overall economic health during this period of market uncertainty. **CONTENT:**
Investors are turning their attention to major bank earnings reports for critical economic insights as the federal government shutdown continues to disrupt traditional data sources. With key economic indicators temporarily unavailable, financial institutions’ quarterly results become particularly valuable for assessing the U.S. economy’s health and corporate performance trends. This shift in focus comes at a crucial moment for markets seeking direction amid mixed signals and valuation concerns.