How To Earn $500 A Month From Apple Stock Following Tuesday's Slide
Portfolio Pulse from Avi Kapoor
Apple Inc. (AAPL) shares dropped after Barclays analyst Tim Long downgraded the stock from Equal-Weight to Underweight and lowered the price target from $161 to $160, citing weakness in iPhone volumes and lack of recovery in other product lines. Despite this, the article discusses how investors can earn a monthly income from Apple's dividends, with calculations based on the current dividend yield of 0.52%. Apple's stock fell 3.6% to close at $185.64 on Tuesday.
January 03, 2024 | 2:15 pm
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Apple Inc. was downgraded by Barclays from Equal-Weight to Underweight with a price target reduction from $161 to $160, potentially impacting investor sentiment and stock price in the short term.
Analyst downgrades typically lead to negative investor sentiment and can cause short-term price declines. The downgrade by Barclays, coupled with a reduced price target, suggests a bearish outlook for Apple's stock, which could influence its performance in the market.
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IMPORTANCE 85
RELEVANCE 100