PLTR - Apple top buy at Wedbush as Fed gives 'bright green light' to buy oversold tech

Apple (NASDAQ:AAPL) is still the top tech stock to own at Wedbush Securities after the Federal Reserve gave what the investment firm called a "bright green light" to own oversold tech stocks after it raised interest rates on Wednesday. In a note to clients, analyst Dan Ives said that with the rate hike, along with expectations that six more rate hikes are coming this year and three in 2023, now is the time to own oversold tech stocks as investors feared the worst from the central bank, adding that the bottom is "now likely in for the year." "[The] Fed news takes the uncertainty and overhang away from the tech sector with the Street knowing the clear path ahead on rates and now letting the bulls/bears debate valuation and growth in the tech sector in the year ahead with this backdrop," Ives wrote in a note to clients.  "In a

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Apple top buy at Wedbush as Fed gives 'bright green light' to buy oversold tech