A couple of analyst downgrades are making the rounds Monday on megacap stocks that rarely see ratings cuts: Apple and Amazon.
At Jefferies, analysts downgraded Apple to a hold but increased the price target to $213 apiece from $205.
It also presents a problem for investors who see the downgrades as a reason to sell some shares.
After all, you'll be hard-pressed to find companies anywhere more in charge of their own destinies than Apple, Amazon — or any of the Super Six (Meta, Nvidia, Alphabet, Microsoft).
Apple and Amazon aren't where they are because of luck, but rather because they make their own luck.
Persons:
downgrades, They're, Jim Cramer, I'm, Jim, you've, it's, Philip Fisher, Apple, Jim Cramer's, Michael M
Organizations:
Jefferies, Apple, CNBC, Apple Intelligence, Wells, Nvidia, Microsoft, Amazon, Jim Cramer's Charitable, Fifth, Santiago, Getty
Locations:
Wells, New York City