It’s a bit confusing to look at the stock market on Monday as many of the most popular benchmarks are up sharply, yet the Nasdaq Composite continued to recede.
Dan Caplinger for The Motley Fool:
It’s never fun to see the broader market soar while your stocks get left behind. But as investors in high-growth stocks know all too well, sometimes some of the most powerful companies in the world have to go through market corrections, and that appears to be what’s happening here.
If you look at the top eight stocks in the Nasdaq on Monday, you’ll see nothing but a sea of red. At the top, consumer-tech giant Apple dropped more than 3% to fall before the $2 trillion mark in market capitalization.
When you get wholesale declines across the board like this, they tend to signal a broader trend rather than anything specifically wrong with particular stocks. Today’s move looks like investors rejecting mega-cap Nasdaq stocks regardless of their respective merits. That kind of mindless selling pressure can create opportunities when one or more stocks have competitive advantages compared to others.
MacDailyNews Take: Own it, don’t trade it. This too shall pass.
Thank goodness for Gamestop to make up for lag ass Apple, the most uninspiring corporate behemoth since Microsoft.
Nick, you’re dreaming. The most uninspiring around here is John Dingler, LA mehtiste.
I like AAPL’s fundamentals. My spidey sense says something else is messing with the tech market. Congressional scrutiny? Higher taxes? Other?
We’ll see.
Inflation is gaining steam, which challenges many of the expensive (over valued) tech stocks.
Bond yields have been rising…which aligns with rising inflation.
Commodities are a hot sector…again consistent with increasing inflation.
AAPL has risen for more than a decade. I’m in no place to say the time has come for a mellowing, but common sense reality would acknowledge, there will be a time for the gain to simmer.
DON’T FORGET………………….
These pull backs are a great time to ADD to your AAPL holdings; annnnnnd most importantly——
I can assure you that Luca M. and his minions at Apple are buying back shares at these bargain prices as we speak.
FYI– Last quarter the average price per share re-purchased was $120 per share…….!!!
At today’s closing price I’m sure the bargain basket is filling up……
Silver lining: you can buy the dip… And Apple can buyback more and retire… Both can be seen in a positive light If one believes in Apple’s long term prospects.
Since Tim Cook went to the Dark Side and embraced Evil and became the Censor of the State, and then Biden took office, Apple has been on a straight line to zero. Gotta love Democrats running the economy.
As opposed to republicans tearing the country apart the old fashioned way: killing cops and people. Republicans: hear no facts, see no facts, speak no facts.
The cop killing, which was frequent this summer, was done 100% by the Democrat Party ANTIFA and BLM criminal communists. It’s what communists do. Along with destroying free markets, prosperity and everything that is good. But then you, being a dunce, don’t know any history of Mao, Lenin, Stalin, Castro, Che, Fidel, Hitler, etc. etc. Being a Democrat means never having to say you knew anything.
The repeated comments by people like Kent are the reason I am now no longer going to frequent MDN. it’s a shame.
Good. The fewer communists here the better. Go to China.
It takes a special kind of stupid to use a weak comeback like that when someone accurately calls you out for being a complete asshole online.
Becceric is a beccentrkc fool who values one color of life over another.
You would know, Hal/Kent/Goeb/Bot/MDN troll.
What repeated cop-killing this summer? An officer in Las Vegas was shot and paralyzed by somebody who claims he was shooting at some protesters. A Milwaukee officer was shot, treated for minor injuries, and released. Two Federal officers in Oakland were shot by a right-wing extremist trying to spark the “bougaloo.” Three officers in New York were attacked while on anti-looting duty, but there were no protests in the area at the time. That’s it. Obviously, there were other officers shot and/or killed, but they had no even arguable connection to BLM or Antifa.
http://www.milwaukeeindependent.com/featured/not-under-siege-dispelling-the-myth-that-black-lives-matter-protesters-have-targeted-police/
We need to retire the saying, “You can’t make this stuff up.” Evidently, you can make anything up.
Many cops were shot. And BLM cheered. You are a total ignorant fool. Not only were cops shot, convicted cop killers are now being released now that the Democrats are in charge of everything. Why? They hate cops and love cop killers.
Provide proof. I did.
Yes, an “ignorant fool” and self appointed know it ALL. Not only were cops targeted, maimed and some died — the goal of the anarchists you mention, was to defund the police that has already happened in some cities where the rioting for months targeted police specifically and daily. Particularly in NYC were mobs blindsided and assaulted police in coordinated attacks going after one or two police at a time in broad daylight…
Provide proof that “many cops were shot.” Hint: you can’t.
Most of those who were killed in connection with the protests were protesters, and most of those were killed by the police or vigilantes. The inflated death tolls on right-wing media include victims of ordinary street crimes like mugging or hijacking that occurred by chance in the same area as a protest.
The same goes for the very extensive and utterly unacceptable property damage; most was done by street criminals with no political agenda that hit targets of opportunity.
No! No! No! Biden and the Democrats are “tearing the country apart the old fashioned way: killing cops.” Add dingbat mentally challenged AOC, Pelosi FAKE impeachments, Smuck Schumer liar and ALL HATE those that don’t think like they do. Get a grip!…
You should never lie more than when you don’t lie.
John Dinger, the anti-family, Anita-family-values, anti-capitalist, pro-commie fool who tries to impart wisdom but only imparts wee’s doom.
If you want to know what a moron looks like, take a look at John Dingler, LA mehtiste.
Looks like a lot of morons here like John Dingleberry. Sad.
Yeah, buddy, because being an arrogant name-calling asshole online is the surest way to convince others that you are worth listening to….
Get a grip.
You would know.
That’s a fake GoeB because there’s a full stop. Why don’t you fsck off, John Fsckwit, LA Asstiste? American fscking traitor who needs to be CANCELED IMMEDIATELY and have his possessions redistributed to the local BLM crew, because that’s what FSCKING socialist FSKWITS like TX Luser want for the rest of us.
Grow the F up, you annoying prick. Get a grip.
Hey real GoeB, you’re a moron and could never afford my artwork. You can be all capitalist all the time but Trump supporters like you are too poor to buy real art.
Apologies to all, I am bipolar and I have been trolling myself. It explains a lot about me, I guess.
TxUseless you ask for proof? How deep was Democrat Dimwit head buried in the sand? Because you don’t KNOW, yes Kent is correct you are an “ignorant fool”!…
So you admit you cannot provide any proof but have been lying