Apple downgraded underweight amid macro disruptions

News Snapshot:

As the tech sector is on pace for the third consecutive month of losses, Apple (NASDAQ:AAPL), although a quality company at a rich multiple, does not have to be overweight in portfolios, said Barton Crockett, Rosenblatt Securities senior analyst, who has a “hold” on the stock. Overall, he said at a CNBC interview, it has been “a nice earning season” for the tech stocks, but if the economy falters, the growth seen in this quarter will fade. He recommends investors buy Meta (META), Alphabet Class A (GOOGL), Pinterest (PINS), and Amazon (AMZN), but "hold" on Apple (AAPL), whose target price...