Apple touted as a top pick for 2024 by BofA despite market challenges

In the ever-evolving landscape of tech giants, Apple Inc. emerges as a beacon of resilience amidst market turbulence. Bank of America's endorsement as a top pick for 2024 reflects optimism in Apple's trajectory, citing robust catalysts and defensive cash flows. Despite recent setbacks, including a decline in shares and concerns over growth, analysts foresee a promising outlook driven by strong services revenue and an imminent AI-focused event. Amid scepticism, Apple stands poised for resurgence, presenting an intriguing opportunity for savvy investors.

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By Ryan Vlastelica

Apple Inc. was named a top pick for 2024 at Bank of America on optimism over the iPhone maker's upcoming results, as well as its longer-term prospects.

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