Apple and chipmaker Qualcomm have been bumped from J.P. Morgan's list of most-preferred stocks, analysts said Friday (April 1), as demand continues to slow for smartphones, according to a Reuters report.
### Instruction: What is the sentiment of this news? Please choose an answer from {negative/neutral/positive}
### Input: Apple and chipmaker Qualcomm have been bumped from J.P. Morgan's list of most-preferred stocks, analysts said Friday (April 1), as demand continues to slow for smartphones, according to a Reuters report.
### Response: moderately negative