During the Friday trading session, major technology companies reported serious downsizing. This led to Nasdaq's strongest weekly decline since the beginning of the year, but it does not seem to be all.Technological stocks are again under pressure before the start of today's session after Apple's rating was down yesterday.Mizuho's analysts downgraded the company's ratings to Neutral from the previous Buy estimate, saying the best scenario for Apple was already reflected in the stock price.Mizuho's Abi Lambha says their 12-month Apple price target is $ 150, which is only $ 1 above the Friday closing level."We think investors' enthusiasm about Apple's new production cycle is already reflected in stock prices," Lambha said.The iPhone maker also reported a stock market decline today, with quotes down nearly 2%. At lower levels compared to the end of last week, the stock exchange and the stocks of other major technology companies - Alphabet, Microsoft, Amazon and Facebook - will begin.
Although the Nasdaq ended the Friday session with a decline of 1.5%, the sales of Apple, Alphabet, Microsoft, Facebook and Amazon were even higher, with the market rating of the five companies down $ 100 billion.
Since early 2017, shares of Apple, Facebook and Amazon have risen by more than 27%, while Apphabet and Microsoft add 20 and 11 percent. In comparison, the broad indicator S & P500 added only 7 per cent.
Last week, Pacific Crest analysts also downgraded Apple's rating. To date, 25 analysts recommend buying the company's shares, and six of them have a Hold rating.No analyst to date advises to sell Apple shares.
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