This week, in a first on Wall Street, the shares of Apple and Amazon were downgraded by an analyst’s conscience.
Ronnie Moas, with the Florida firm Standpoint Research, didn’t make the moves because he thought the companies’ stock has risen too fast, or because he felt business was going to take a downturn.
No, Moas downgraded the stocks because of — get this — the immorality of the two companies being too profitable and too successful.
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