Few companies can generate buzz comparable to the euphoria radiating from beloved consumer electronics giant Apple. This industry bellwether stole the headlines in the first few month of 2012, and for good reasons to. Shares of Apple rallied 55% from the start of the year up to their most recent peak at $644 a share on 4/10/2012 as investors have been impressed, to say the least, with the company’s stellar earnings results and optimistic outlook. However, this tech giant has been losing steam recently as resurfacing Euro zone debt woes have paved the way for profit taking pressures across equity markets. The recent correction in Apple has lead many to wonder if the top has been set, or if the stock is merely taking a breather before its next leg-up [see also 3 ETFs For A Euro Zone Double-Dip]. With Apple (AAPL) falling out of headlines in recent weeks thanks to its sluggish performance, [...] Click here to read the original article on ETFdb.com. Related Posts: How An Apple (AAPL) Dividend Would Impact ETFs Tuesday’s ETF To Watch: iShares Technology Index Fund (IYW) Tech ETFs In Focus As Apple (AAPL) Reports Earnings Technology ETFs In Focus As Yahoo And Apple Report Earnings When An ETF Distribution Isn’t A Dividend: Explaining Capital Gains
Few companies can generate buzz comparable to the euphoria radiating from beloved consumer electronics giant Apple. This industry bellwether stole the headlines in the first few month of 2012, and for good reasons to. Shares of Apple rallied 55% from the start of the year up to their most recent peak at $644 a share on 4/10/2012 as investors have been impressed, to say the least, with the company’s stellar earnings results and optimistic outlook. However, this tech giant has been losing steam recently as resurfacing Euro zone debt woes have paved the way for profit taking pressures across equity markets. The recent correction in Apple has lead many to wonder if the top has been set, or if the stock is merely taking a breather before its next leg-up [see also 3 ETFs For A Euro Zone Double-Dip]. With Apple (AAPL) falling out of headlines in recent weeks thanks to its sluggish performance, [...]
Click here to read the original article on ETFdb.com.
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