Tesla and Apple are the most underowned companies right now, says Jefferies

Big investors may be taking the money and running when it comes to some, though not all, heavyweight technology-related stocks right now, with Apple Inc. and Tesla Inc. topping a Jefferies list of the most underowned stocks right now.

The S&P 500 index SPX has nearly made up for a 19% loss in 2022, with a 15% gain so far this year. That’s been driven by tech stocks, with the Nasdaq Composite COMP up 30% to date in 2023, versus a 33% loss in 2022. But the Nasdaq recently capped its worst two-week stretch since December, weighed…

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