Disappointing guidance by the world's largest technology company, Apple (NASDAQ: AAPL) last night has the entire sector moving lower this morning. The stock makes up 14 percent of the ETF and is the largest holding, followed by Google (NASDAQ:
Despite Apple returning to growth for the first time in a year, AAPL stock opened almost 8 percent down, as iPhone sales fell below analyst predictions and Apple's mid-point guidance on Q2 earnings forecast was for zero growth. Analysts had predicted
As Apple opened down nearly 8% following yesterday's earnings report from the previous quarter, activist investor Carl Icahn announced this morning his third $500 million purchase of Apple stock since the start of the month.
Despite Apple returning to growth for the first time in a year, AAPL stock opened almost 8 percent down, as iPhone sales fell below analyst predictions and Apple's mid-point guidance on Q2 earnings forecast was for zero
The second key topic will likely center on clarity around new products and Apple's growth outlook beyond 2014. We remain buyers of AAPL as we enter the iPhone 6 cycle and the potential for new products in the back half of