Analyst: ‘Apple joining Dow is extremely bad for Apple’

“Apple stock rose Friday on news that the Cupertino, Calif.-based consumer electronics leader will join the Dow Jones Industrial Average later this month,” Patrick Seitz reports for Investor’s Business Daily.

“Some, however, see Apple’s addition to the Dow a warning flag,” Seitz reports. “‘Apple joining Dow is extremely bad for Apple,’ Global Equities Research analyst Trip Chowdhry said in a note. ‘Joining Dow takes the shine off the Apple and makes it a rotten Apple. Companies in Dow have historically symbolized companies which are boring, have zero innovation, are complacent and are inching closer to irrelevance by the day… which is definitely not what Apple is all about.'”

Read more in the full article here.

MacDailyNews Take: Oh, puleeze. We don’t call him “Trippy Chowderhead” for nothing:

• Apple has only ’60 days left to either come up with [an iWatch] or they will disappear.Trip Chowdhry, May 2014

• Apple does not have the capability to understand the competition and lacks the vision and ability to deliver new products; Jon Rubinstein understands what needs to be done and has the ability to deliver.Trip Chowdhry, April 2014

• To prevent further destruction of shareholder value, Apple’s CEO and CFO need to be replaced sooner rather than later. The team of Jon Rubenstein [sic] (Father of iPod) as CEO and Fred Anderson as CFO, may be best to revive Apple.Trip Chowdhry, March 2014

Related articles:
Apple to join the Dow Jones Industrial Average – March 6, 2015
Analyst: Apple to unveil Apple TV App Store as soon as next week – October 8, 2014
iWatch: Apple is not here to entertain you – April 14, 2014
Jon Rubinstein as Apple CEO? – April 7, 2014
Apple can’t replace Steve Jobs, but it must try or something – March 12, 2014

26 Comments

  1. How does this wrong-headed numbskull still have a job. Would love to see a list of his hits, cause there sure seem to be a lot of misses in re: Apple.

    1. For rags like the Investors Business Daily, it’s not about accuracy, it’s about clicks. If IBD would only post an “accuracy score” for him, everyone would know how worthless what he says is. This guy must have the world’s worse case of narcissism, to keep writing this drivel and be unable to self-correct.

    1. Please do not be derogatory towards douches, they have a place in the world that some wish they had, where as trippy chowderhead has his head up in a much less pleasant place

  2. Yes, when hearing the news that Apple is becoming part of the DJIA, Tim Cook immediately sent an email to all employees. “Our mission going forward is to be boring…” 🙂

    This “analyst” is even dumber than most.

  3. When will they learn that Apple always reverses industry norms. Anytime an analysts says “what happened to other companies in this circumstance is…”, he should catch himself and… think different!

  4. The $indu could use some more companies that relentlessly innovate. Apple is one of them and there are others. All companies are tech companies today – if you aren’t a tech company, then you won’t survive.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.