Morgan Stanley is trimming its forecast for iPhone shipments by 3 million amid slower production in China due to its zero-COVID policies.
Apple and Activision Blizzard are screaming buys at their current share prices, but steer clear of Amazon.
Economic uncertainty has battered the stock market this year, sparking recession fears that have driven the S&P 500 and the Nasdaq Composite into bear market territory. During that downturn, PayPal Holdings (NASDAQ: PYPL) has seen its share price nosedive 76%, marking its greatest loss of value since it became a public company (for the second time) in 2015. PayPal operates a two-sided payments network with 432 million active accounts, including 397 million consumers and 35 million merchants.