Bad Apple day

November 3, 2018 by Steven M. Peters


From the Wall Street Journal ($): Apple Shares Pull Down U.S. Stock Indexes:

 

Apple’s results, released after the close of trading Thursday, showed the world’s most valuable company turned in another period of record revenue and profit—its fourth-consecutive quarter doing so.

But investors seized on two points: Its revenue forecast didn’t portend explosive growth, and the company said it would stop reporting unit-sales figures for its three most recognizable brands, the iPhone, iPad and Mac…

Apple’s declines put the rest of the tech sector under pressure. Netflix and Intel fell more than 2%; Google parent Alphabet dropped more than 1%; and Facebook shares declined less than 1%. Netflix and Alphabet shares had posted double-digit declines over the past month as investors soured on many highflying growth stocks.

My take: I blame the algorithms.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.