Shares of Apple Inc. (NASDAQ: AAPL) took their biggest one-day hit since January last week after concerns of the iCloud hacking incident spread. Because the stock was one day removed from an all-time high and was up 13 of the last 14 sessions, though, a sizable pullback should not be a major surprise.
How To Play A Rebound
Investors looking to gain some exposure to the stock after the five percent haircut could take a less risky approach by buying an ETF that has a large exposure to the stock. This strategy will allow an investor to benefit from an Apple bounce and also lower risk with diversification from stocks in other sectors.
The iShares U.S Technology ETF (NYSE: IYW), for example, tracks 141 stocks ...
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