Diamonds and Dogs

4/29/24

Apple (AAPL) gets a rare upgrade. Apple is up 3% ahead of earnings later in the week as a former bearish analyst at Bernstein is turning bullish. The analyst believes the recent sell off is unwarranted and Apple's business in China has held up as the problems there are more cynical verse structural. The analyst also sees an upgrade cycle next year as Apple added AI products to their phones.

SoFi Technology (SOFI) drops 9% on lower guidance following a strong quarter. 2024 looks to be a transitional year for SoFi as the Tech Platform and Financial Services segments continue to grow as lending and refinancing growth has stagnated.

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