An Apple in Freefall
Apr 17th 2013 8:30PM
Updated Apr 18th 2013 6:15AM
The following video is from Wednesday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Charly Travers dissect the hardest-hitting investing stories of the day.
Shares of Apple fell more than 5% on Wednesday in the wake of bad news from one of its suppliers. Cirrus Logic warned that revenues would be weaker than expected and cited a "decreased forecast for a high volume product." Does the Cirrus Logic warning point to big problems for Apple? Can Apple reverse the slide in its stock? That story, plus four of today's biggest movers on the market and two stocks we'll be watching closely this week.
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The article An Apple in Freefall originally appeared on Fool.com.Charly Travers owns shares of Apple and Intel. Chris Hill owns shares of Chipotle Mexican Grill. Jason Moser owns shares of Intel and Chipotle Mexican Grill. The Motley Fool recommends Apple, Chipotle Mexican Grill, Google, Intel, and Mattel. It owns shares of Apple, Bank of America, Chipotle Mexican Grill, Cirrus Logic, Google, and Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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