Global trade, manufacturing, and warehouse trends provide a picture of consumer health and the economy. It’s not looking good right now.
Barclays cut its Apple price target from $144 per share to $133 per share and said it’s also slashing its revenue estimates by 7%.
Shares of Microsoft dropped during a broader tech rally Wednesday after analysts at UBS said there is weakness ahead for the tech giant.
Cash is a friend on big down days as it provides protection to the downside, but also affords us the luxury of being opportunistic.
The British pound is on firmer footing since the appointment of PM Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months.
In the Global Financial Crisis, Microsoft’s Xbox console business had the best calendar year to date, and Xbox content and services got a pandemic bump in 2020.
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