Today's 3 Worst Stockshttp://www.fool.com/investing/general/2013/09/11/todays-3-worst-stocks.aspx John Divine
September 11, 2013
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
The S&P 500 Index (INDEX: ^GSPC) continued its impressive run Wednesday, advancing for a seventh straight session. Wall Street cheered President Obama's televised national address last night, in which he confirmed that the U.S. will pursue diplomatic routes in addressing Syria's use of chemical weapons last month. The S&P added five points, or 0.3%, ending at 1,689. Unfortunately, three of the benchmark's components didn't have much to applaud today as they sold off heavily.
Apple (NASDAQ: AAPL), which boasts the largest market cap in the entire 500-stock index, plummeted 5.4% Wednesday as the fallout from yesterday's uninspiring company event continued. Today brought a vicious flurry of analyst downgrades, as the pricing of Apple's iPhone 5C, a plastic smartphone catering to a wider audience, was seen as being prohibitively expensive for emerging markets. Not only will the m