UBS downgraded the Big Six from overweight to neutral:
- Amazon
- Apple
- Alphabet
- Nvidia
- Meta
- Microsoft
UBS quote:
- “difficult developments and cyclical forces that weigh on these values”
- the previously outsized profits of these groups are “collapsing”… this group’s earnings per share growth is expected to slow to 15.5% from 42.2% by the first quarter of 2025.
This article was written by Eamonn Sheridan at www.forexlive.com.
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