“U.S. stocks firmed slightly on Friday after a key U.S. jobs report showed the pace of hiring by employers had eased sightly in December but gave signals of some momentum in the labor market’s recovery since the 2007-09 recession,” Angela Moon reports for Reuters.
“Shares of Nasdaq heavyweight Apple Inc fell nearly 2 percent, pressuring the tech-heavy index… Apple shares were down nearly 2 percent at $532.27 in morning trade. The stock has been on a downward trend over the past few months on concerns about demand for the iPhone 5 and the company’s capability to produce more innovation products in the future,” Moon reports. “The Nasdaq Composite Index was down 6.50 points, or 0.21 percent, at 3,094.06.”
Moon reports, “Though the jobs data showed lackluster economic growth was unable to make a dent in the still-high U.S. unemployment rate, it calmed fears about the possibility of the U.S. Federal Reserve ending its highly stimulative monetary policy.”
Read more in the full article here.
Hiring down isn’t hard to fathom with the House of Representatives failure to show up for work.
Anyone looking at day to day “anal-ysts” are going to be whipsawed for the benefit of pro-traders.
Looking at tech companies long term, you don’t have to be a genius to see Apple’s innovation and markets as being desirable to say HP’s in their downsizing turmoil (for a decade now).
Or perhaps you want to look at Apple Store traffic versus another tech-co stores on the downtrend, Microsoft?
I’m sure it’s because they announced the release date of the new Steve Jobs movie, that can only mean trouble for the stock market.
yesterday was about the bubble head market guy shorting AAPL
today it’s about Samsung eclipsing Apple sales on smartphones
seems AAPL just couldn’t get a clean break from FUD .
I don’t see what all the fuss is about. The President is creating plenty of lackluster jobs.
lol.
It used to be that when AAPL (being the largest and most profitable company) catches a cold, its peers catch a pneumonia. Now it’s the opposite.
AAPL psyche has been broken. These days, all it takes is a slightest rumor or innuendo to send share tanking. The stock is at the mercy of shorts and option traders. I am unsure if the current good quarter earnings will improve the picture. Analysts like Hargreaves have already moved the goalposts by trashing the March quarter.
I have been making good money by buying on Friday to sell on Monday or Tuesday and will continue the practice as long as it’s profitable.
I decided to skip today’s buying for next week’s trade. The stock acted very poorly going into the close and likely continued the descend unabated to sub $500 as soon as early next week unless positive Apple catalysts were to surface.
When a stock drops 3% on strong volume on a good day for no particular reason within weeks of its strongest earnings release, something is fishy and the selling is not over. It also disproves the capital-gain-tax-selling theory.
We’ll see what next week brings.
“AAPL psyche has been broken”. Yup. Apple no longer owns the space. Whether anyone likes it or not there is competition out there. You’re obviously smart enough to understand this and not get all pissed off like a fanboy, therefore you are in a position to profit. Good for you. As for options, I disagree. Options are merely a more economical way to invest in a high priced stock like AAPL. Options are a much more profitable way to invest also. As for analyst, won’t everyone be just as mad if analyst have high expectations for earnings and Apple fails to meet it? Weren’t those the very complaints recently? Apple has set the bar low in their own projections so they should easily beat their own outlook for the first quarter to be reported in January. Should analyst under estimate so Apple can beat easily? That’s just as bad. And analysts have been bringing down there forecasts for the first quarter so Apple should have a better chance than they did a month ago. Right? We’ll see at the end of January. That’s when the rubber meets the road. I think Apple will do fine for the first quarter but I’m uncertain as to the projection going forward. I’m glad to see that you’re making money on AAPL. You have learned to take profit which is why we all invest. I certainly don’t move in and out of equities as often as you but I do try to know when to take my gains. Shorts are not always evil either. They tend to keep stocks in check. I don’t short stocks but I will buy puts. You can make as much money on a stock going down as you do going up. Thus the advantage of options. It’s exactly what I did when I rode AAPL (with calls) to its high in September. I sold. Bought puts and rode it all away down to $540. Will ride it back up if it can go back up with calls. That’s not bad, that’s just profitable. Isn’t that why we invest our money? Why would I ever buy and hold? And there are other stocks out there. I believe too many people on this site only invest in AAPL. That’s just foolish. Learn to diversify. Learn to take profit when you’re ahead. Don’t be greedy. Don’t be foolish.