Appleshares6年新高后下跌

1、Apple shares+new cameras+Europe market+Apple Shares Lose Shine wsj 2012-4-15By STEVEN RUSSOLILLO and JONATHAN CHENGThe meteoric stock-price rise that has propelled Apple Inc to become the world，s most-valuable company is showing signs of faltering, threatening to drag much of the market down with it

2、.Apples shares plunged 4.1% on Monday, extending their slide to a fifth consecutive day and sparking worries about whether the maker of iPads and iPhones may be headed for a bigger descent Apple is now down 9.9% from its intraday peak of $644 hit on April 10, just shy of the 10% level that market wa

3、tchers call a correction. On Monday, Apple fell $25 10, to $580. 13, in 4 p. m. Nasdaq Stock Market composite tradingThe past five days decline has seen more than S50 billion shaved off Apples market capitalization. That is more than Hewlett-Packard Co.s entire market cap of about $48 bill ion.Theyr

4、e giving us a preview of what life might be like when companies like Apple stub their toes; that,s certainly a thought that we need to have at the back of our heads, said Phil Orlando, chief equity strategist for Federated Investors Inc in New York, which manages $370 billion.The slump has exposed j

5、ust how large and influential Apples stock has become The shares have soared 43% this year, driving the companys market value briefly above $600 billion last week After Mondaysdecline, its market value was about $541 bill ion. Moreover, Apple is the largest stock in the Nasdaq Composite Index and th

6、e Standard & Poors 500-stock index As Apple goes, so, too, do those indexesFor the past few months, that dependence has been only a positive Apple has contributed 120 points to the Nasdaq Composites advance this year of 383 points, according to Birinyi Associates The Nasdaq, s 15% advance has surpas

7、sed the 3 8% rise in the Dow Jones Industrial Average, which doesn, t count Apple among its constituents The S&P 500 has gained 8. 9%.The Nasdaq tumbled 0. 8% on Monday, and Apple accounted for about two-thirds of its decline The S&P 500 fell 0. 03%. Without Apple, it would have risen about 0. 14%,

8、according to Howard Silverblatt, senior index analyst at S&P Indices, representing Apples largest-ever negative impact on the index By contrast, the Dow rose 0. 6%, driven by blue chips such as Exxon Mobil Corp and Procter & Gamble Co.GravityPrice of Apple sharesSource: WSJ Market Data GroupThe Wall

9、 Street JournalApple, already a heavily traded stock, has seen activity shoot up even more during its recent swoon. Trading volume has surged over the past week as the selloff has acceleratedMany traders and analysts scrambled to account for Apples sudden slide, given the relatively positive mood el

10、sewhere in the stock market Some cited rumors that the company was preparing to launch a cheaper iPad; others said the stock had risen too steeply as a reason for the recent declineThe descent, which accelerated on Monday, has sparked a broader debate about whether Apple is at the beginning of what

11、could be an even larger declineThe losses recently have been particularly notable because most other stocks have been rising On Monday, 24 of the 30 Dow component stocks gainedA lot of people are starting to ask very legitimate questions about Apple, said Michael Farr, president of portfol io-manage

12、ment firm Farr, Miller & Washington. Its a very fine company, but they havent had many pullbacksSteve Dowling, an Apple spokesman, declined to comment on the share-price moveMany investors said Apple was due for a pullback and probably would soon resume its ascentEvery living thing, including Apple,

13、 needs tostop and breathe, said Rick Bensignor, chief market strategist at Merlin SecuritiesIts upward march has been largely unchallenged until now The stock is up nearly sixfold since March 2009Apple has survived setbacks before The stock traded under a cloud for much of 2011 as investors worried

14、about the company1 s ability to innovate under new leadership Its co-founder, Steve Jobs, passed away last OctoberBut the company has maintained its successful run, notching up new sales and profit records and seeing its stock rocket up nearly 70% in the six months after Mr. Jobs s deathAt least two

15、 analysts recently predicted Apple would hit SI,000 a share, and others have suggested its market capitalization could reach $1 trillion in a few yearsMuch like the cultlike status of Apples products, its shares, too, have attracted a fervent cadre of shareholders Investors large and small piled int

16、o the stock Even some fund managers who wouldnt typically own a large technology company have Apple in their portfol io.Last month, Apple unveiled its first dividend in more than a decade, as the company plans to distribute some of its cash hoard of roughly $100 billion to shareholders That helped a

17、ttract a whole new class of investors looking for dividend returnsThe company also plans to buy back as much as S10 billion in stock over the next three years, beginning on Sept 30, the start of its 2013 fiscal yearApple began selling the third-generation iPad last month, as the company aims to wide

18、n its lead in the tablet market The device was the first major product launch for Apple since the latest iPhone went on sale in OctoberSome investors dismissed the recent declines as a blipThis just seems like a regular correction to me, said SusanMcNeice, an individual investor who owns Apple and t

19、rades from her home in northern VirginiaIf you look around, theres been some softness in the market overall, and when you ask, J Has Apple done something colossally stupid? The answer is no. Has some competitor come along to change Apples prospects? No.Some analysts cited many reasons for Apples sel

20、loff over the last week.Piper Jaffray analyst Gene Munster on Monday warned in a research note that Apples Mac sales for the March quarter may miss analysts expectations, which could further weigh on the stock Despite the warning, Mr. Munster said strong iPhone and iPad sales likely will mask any we

21、akness in the Mac segmentMr. Munster, who maintains an overweight rating on the stock, remains one of the most bullish analysts on Wall Street This month, hepredicted Apples shares will reach $1, 000 in 2014 and become the first company ever to have a $1 trillion market capitalization.Dave Lutz, an

22、analyst at Stifel Nicolaus, said there were rumors that Apple could roll out an iPad Mini priced at $200. In a research note on Monday, he said the new product could cannibalize salesAdding to potential worries, Apple and five book publishers were accused by the Justice Department of colluding to ra

23、ise e-book prices Apple has called the allegations simply not trueMeantime, analysts and traders began warning against predicting a big dropShort Apple at your peril, said Michael Shea, managing partner at Direct Access Partners, referring to betting against the stockThis company has continued to fi

24、nd ways to innovate and bring products to the market that nobody else does Apr 16, 2012, 5:54 PMWhat to Make of Apple* s PlungeBy Jack HoughBite Out of ApplePerform a nee since April 9-10 ii|Apr. 91011121316Source; WSJ Market GroupApple s stock fell for a fifth consecutive day Monday, losing 4% to c

25、lose at $580 and change But shareholders shouldn t lose sleepThe tech giant has now dropped nearly 9% since April 9, when it closed at an all-time high of over $636 The move far exceeds the 1% decline during the same stretch for the broad Standard & Poor* s 500- stock indexAnalysts blame Apple s sli

26、de on profit taking and earnings-season angst But the numbers say neither is a good reason to sei1.Consider Apple s second-fiscal-quarter earnings report on April 24. Wall Street expects it to earn $9.92 per share, down from the $13.87 earned during its first quarter but sharply higher than the $6.4

27、0 it earned in the second quarter a year ago, according to FactSetThe iPhone has become Apple* s biggest product, and we re halfway between the iPhone 4s launch and the iPhone 5 launch, n says Michael Walkley, who covers the stock for Canaccord Genuity Investors may be selling the stock because they

28、 think iPhone sales for the quarter will underwhelm.The iPhone 4s launched in the United States in October 2011. Although Apple hasn* t announced its next model, since the original iPhone* s launch in summer 2007, the company has tended to offer new models every year or so.History doesn* t favor investors who bet on an earnings-day decline for the stock Over the past five years, the shares have jumped an average of 3 8% on second-quarter earnings