The Day Ahead: Get Over Apple Already

To me, Apple (AAPL) is a big, buzzy name will remain completely irrelevant as an investment until the stock actually begins to move higher on a consistent basis. Yeah, I suppose that iTunes radio will be kind of cool, and it certainly looked sleek on stage while an overpaid geek clicked through slides. But, when all is said and done, any Apple releases between today and the holiday season won't help to bend the healthcare cost curve, solve world hunger issues or speak to the pummeling of housing-related equities due to a spike in U.S. Treasury bond yields. Its product-release schedule fails to address why most retail stocks continue to act like dogs in the face of levitating household net wealth, and it certainly can't make Wal-Mart (WMT) a good corporate citizen.

(By the way, on the topic of Wal-Mart, I think it's a shady company doing things across the globe of which that many folks aren't even aware. I am not worried about getting shut out of Wal-Mart for this comment -- it slapped me down years ago for dropping a sell rating on the stock and, at this point, I couldn't care less if I talk to the company again my lifetime.)...499 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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