• Rumors Rumble AAPL on Wall Street Tuesday



    If you own shares of AAPL, you may have noticed the hit your portfolio took on Tuesday.

    So why the dip? We can thank some hearty speculation and some iPhone 6s demand rumors for the sell-off today.

    This afternoon, shares of AAPL closed down $3.80 following chatter of weaker than expected iPhone 6s demand -- something definitely not tangible in last month's earnings report.

    "Technically speaking, all of Apple’s decline and more came today, on the heels of a negative analyst report," says John Divine of InvestorPlace. "Although Apple can be prone to unnecessary investor fears, the issues raised in today’s note are potentially serious, so investors should be conscious of them before making a buy or sell decision on AAPL stock."

    So what was the report that helped drive shares of AAPL lower? We can blame Credit Suisse’s Kulbinder Garcha.

    According to Divine, the analyst said that Apple’s component orders out of China are down 10%, "indicating lower-than-expected demand for the iPhone 6S."

    Source: InvestorPlace
    This article was originally published in forum thread: Rumors Rumble AAPL on Wall Street Tuesday started by Michael Essany View original post
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