Apple Sits Alone on a Bearish Island

One of these things is not like the others...

   

If you think investors might be just a little tepid concerning Apple’s (AAPL) prospects following the iPhone 5S and 5C unveils … well, you’re looking even more correct today.

Below is a “heat map” of the S&P 500, courtesy of FinViz, showing which stocks are up or down — and how strongly — at Monday morning’s open. (Key: Green = good. Red = bad.)

AAPL Apple Sits Alone on a Bearish Island

Raise your hand if you found Waldo.

The rest of the S&P was flying this morning on news of former U.S. Treasury Secretary Larry Summers throwing in the towel for the Federal Reserve chairman seat, putting Fed Vice Chair Janet Yellen in the seeming lead.

Apple missed the memo, trading lower by more than 1% at the open before slumping to about 2% losses as of this writing.

Amid even the broadest bullish sentiment, AAPL is proving unable to shake the jitters ever since its iPhone unveilings. Since last Tuesday’s event, AAPL has suffered a number of analyst downgrades and is off 10%, erasing all the gains made since mid-August.

Kyle Woodley is the Deputy Managing Editor of InvestorPlace.com. As of this writing, he was long SPY. Follow him on Twitter at @IPKyleWoodley.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/apple-alone-on-a-bearish-island/.

©2014 InvestorPlace Media, LLC

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