“Apple Inc. finally started to feel some love from investors on Tuesday following a four-day selloff that clipped more than 6% from the shares since the company held its annual shareholder meeting last week,” Dan Gallagher reports for MarketWatch.
“Out of a dozen stocks on the S&P 500 with market caps above $200 billion, Apple is the only one to be negative for 2013 so far, according to FactSet,” Gallagher reports. “The other 11 firms have averaged a gain of about 10% since the first of the year, while Apple is down more than 18% in that time frame.”
Gallagher reports, “Apple remains the largest firm on the S&P 500 with a market cap of about 407.5 billion, based on current prices, though Exxon Mobil is back to nipping at its heels with a market cap of about $403.5 billion.”
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MacDailyNews Take: Sentiment.