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An Apple in Freefall

By Chris Hill - Apr 17, 2013 at 8:30PM

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It's not gravity making this Apple fall. What's going on here?

The following video is from Wednesday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Charly Travers dissect the hardest-hitting investing stories of the day.

Shares of Apple fell more than 5% on Wednesday in the wake of bad news from one of its suppliers. Cirrus Logic warned that revenues would be weaker than expected and cited a "decreased forecast for a high volume product." Does the Cirrus Logic warning point to big problems for Apple? Can Apple reverse the slide in its stock? That story, plus four of today's biggest movers on the market and two stocks we'll be watching closely this week.

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Stocks Mentioned

Alphabet Inc. Stock Quote
Alphabet Inc.
GOOGL
$2,246.33 (4.20%) $90.48
Apple Inc. Stock Quote
Apple Inc.
AAPL
$149.64 (4.08%) $5.86
Dow Jones Industrial Average (Price Return) Stock Quote
Dow Jones Industrial Average (Price Return)
^DJI
$33,212.96 (1.76%) $575.77
Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$37.02 (0.95%) $0.35
Intel Corporation Stock Quote
Intel Corporation
INTC
$44.55 (2.46%) $1.07
Chipotle Mexican Grill, Inc. Stock Quote
Chipotle Mexican Grill, Inc.
CMG
$1,402.42 (4.59%) $61.51
Mattel, Inc. Stock Quote
Mattel, Inc.
MAT
$24.72 (3.17%) $0.76
Cirrus Logic, Inc. Stock Quote
Cirrus Logic, Inc.
CRUS
$81.38 (2.35%) $1.87

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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