Stocks

The Rotting Apple

By John Del Vecchio  |  January 9, 2019

I kicked off the New Year by writing a report about the top “clunkers” of 2019. These are the stocks and companies you’d do well to avoid.

And guess what… Apple (Nasdaq: AAPL) is one of them.

There are a couple of reasons that I have put them on my “clunkers” list, but, in short, they really shit the bed last week. Apple came out and said that they were no longer going to report iPhone unit sales.

Now, as a forensic investor, this is a giant red flag waving overtop the Cupertino headquarters.

As someone merely looking at Apple’s stock, this should be signal for some concern. I can respect the honesty, but this kind of transparency doesn’t help a company. It hurts it.

The CFO tried to reason that there’s no correlation between iPhone sales and Apple’s stock, which is just ridiculous. The only reason Apple did so well in the past is because of their higher pricing. iPhone unit sales fell short compared to previous numbers.

So, the bombs are falling for Apple at the start of the year. And, of course, it doesn’t stop there.

I explain more about how this once-treasured stock has turned into an over-owned clunker in today’s video.

And now is as good as ever to read, or revisit, my book Rule of 72 to prepare yourself for the new year.

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John Del Vecchio

John Del Vecchio is the author of the bestselling book, Rule of 72: Compound Your Money and Uncover Hidden Stock Profits and What’s Behind The Numbers: A Guide To Exposing Financial Chicanery And Avoiding Huge Losses In Your Portfolio.

As the in-house stock market guru and forensic accountant for Dent Research, John stood on the shoulders of the great David Tice, James O’Shaughnessy and Dr. Howard Schilit, and built a framework of algorithms and a multi-factor grading system that has made him one of the more successful short-sellers around.

John is also the executive editor of our Hidden Profits newsletter and our trading service Small Cap All-Stars.

He graduated Summa Cum Laude from Bryant College with a B.S. in Finance and was awarded Beta Gamma Sigma honors. He earned the right to use the Chartered Financial Analyst designation in September 2001.MORE FROM AUTHOR