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Monday, June 19, 2017
Apple’s Shares Are Very Oversold
Apple’s Shares Are Very Oversold

Apple’s shares have become very oversold in the past two weeks as Mizuho and Pacific Crest downgraded the stock from Buy/Overweight to Neutral/Sector Weight, respectively, and tech stocks took a hit. Their main reason centered around iPhone 8 expectations being baked into the stock given their recent strength and that valuation levels while not excessive don’t allow for much upside.

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