Honorable Mention for Worst Performer: Apple
First-Half Return: -25%
It is hard work trying to find the whys and wherefores of Apple’s (AAPL) stunning fall from grace. Consider that by Jan. 1 it had already dropped 25% from its September 2012 $705 high, and it’s ground ever lower since, currently residing right around $400.
Falling demand for all things “i” certainly isn’t helping, and the competition for your mobile device purchasing dollar is as intense as ever, perhaps scaring away investors. And of course Apple is one of those stocks people just love to hate.
Did anyone even notice the 15% rise in Apple’s dividend, the historic scale of their share repurchase program, or its bond offering? Judging by its stock performance, nope.
If anyone can predict where this stock will go for the remainder of 2013, please let me know.