The Ratings Game: Is Apple stock a good hiding spot? Analysts can’t agree.

by | Oct 12, 2022 | Stock Market

Is Apple Inc.’s stock a safe place to hide amid economic uncertainty? That seems to be a source of debate on Wall Street these days, with conflicting recent views from analysts highlighting some of the current controversy around Apple

Mizuho’s Jordan Klein, an analyst associated with Mizuho’s sales team and not its research arm, wrote Tuesday afternoon that while he doesn’t see particular risk to Apple’s September quarter, he has broader fears about the name. Klein sees retail investors “hiding” in Apple’s stock, and he said that “some shorter-duration institutional investors” might be doing so as well ahead of the upcoming earnings report. But Klein cited other concerns including that “[n]o mutual fund investors seem to own it or are positively biased,” based on his recent conversations, while hedge funds appear “mixed at best.” See also: Apple stock may not be a ‘safe haven’ for much longer, Bank of America warns in downgrade He pointed to commentary from Mizuho Japan’s component-technology analyst Fumihide Goto, who recently wrote that Apple’s management may have to lower its production forecasts by the second half of November. Though Apple executives may take a bullish view of iPhone 14 Pro and Pro Max demand when addressing investors on the next earnings call, Klein thinks that a subsequent …

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