Monday, September 6, 2010

Stocks and Sectors

Delivering Hot Stock Picks

Jason Schwarz submits:

So Apple (AAPL) finally decides to respond to a rumor. Maybe Steve Jobs did read Friday’s article. Bloomberg is reporting that Apple spokesman Colin Smith refuted the weekend rumor that suggested the delay time on the 27-inch Mac desktop was caused by a malfunctioning screen. Instead he cited the popularity of the product, “The new iMac has been a huge hit and we are working hard to fulfill orders as quickly as possible. We apologize for any inconvenience or delay in delivery this may cause our customers.” (Bloomberg)

This came on the same day that the Wall Street Journal, the NY Times, and CNBC were each obsessing over yet another attempt by Google to release a relevant phone. While these outlets were busy gossiping like a group of teenage girls, most people missed the only factual tech investment story of the day. NPD reported that desktop Mac sales are up 74 percent in the first two months of the quarter. Now that’s a story worth reporting.


Complete Story »