Shares of Apple Inc. (NASDAQ: AAPL), still the largest U.S. company by market value, fell 6.1 percent on Friday and have tumbled more than 15 percent over the past month. That puts the iPhone maker's stock well into correction territory.
Actually, by the strictest definition of a correction, which is a 10 percent decline, Apple has treated investors to a correction and a half. In a scenario investors in exchange traded funds became unfortunately familiar with during Apple's nasty 2012 correction, plenty of well-known ETFs are incurring damage largely attributable to Apple's fall.
This is not going to be a treatise on the merits of equal weighting versus the drawbacks of ETFs that weight components by market value. Each methodology has its advantages and disadvantages, but the ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5784318/apples-bear-crash-is-biting-these-etfs alt=Apple's Bear Crash Is Biting These ETFs>Full story available on Benzinga.com
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