Bizarre Apple Ripples
Have you noticed the bizarre moves in tech lately? Apple (AAPL) has become among the most hated stocks in the universe -- something to be exacerbated Monday, I am sure by Citigroup's merciless downgraded call from buy to hold. So now, people are fleeing not just Apple but all of the Apple plays. The plunge, for example, in Cirrus (CRUS), the Apple sound play, is hideous and seems to be accelerating. Qualcomm (QCOM) is now swooning. We own Broadcom (BRCM) for ActionAlertsPlus.com, and it's become a tough hold, even though the company recently guided up and is not dependent upon Apple as so many semiconductor companies are.
But technology represents a huge chunk of the S&P 500, so you can't just overlook it if you are a portfolio manager. You have to take that Apple money, and that Apple-related money, and put it elsewhere in the sector....484 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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