Goldman Sachs removes Apple’s stocks from its preferred list

influenced by weak performance and a decline in demand for the American technology giant’s flagship products.
The bank decided to remove Apple from the list due to the declining performance of its stock,
amid growing concerns about a drop in demand for its primary products.

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The manufacturer of iPhones has been excluded from the modified list, consisting of 20 to 25 stocks,
which has been part of Goldman’s strategy since last June.

Apple experienced a slight stability in its stock price during this period, while the S&P 500 index rose by approximately 22%.
Following its removal from the list, Apple’s stock dropped by 0.6% last Friday.

It’s worth noting that Apple has lagged behind its counterparts in the “Fabulous Seven” group, except for Tesla,
due to increasing concerns about a continuous decline in iPhone sales, especially amidst the ongoing economic crises in China.

Regarding stock evaluation, Goldman Sachs clarified that the modified list undergoes monthly reviews,
removing stocks that no longer hold significant investment appeal.

On the other hand, analyst Michael Ng remains optimistic about Apple’s stocks, maintaining their classification as “Buy,”
emphasizing that the quality of Apple’s operating system and the strength of its revenues may compensate for the slowdown in product
revenue growth and the clarity of vision.

Goldman Sachs removes Apple’s stocks from its preferred list

Goldman Sachs removes Apple&#8217;s stocks from its preferred list

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Goldman Sachs removes Apple’s stocks from its preferred list