How Miserable Was Apple’s January?

January was the worst month for Apple’s (NASDAQ:AAPL) stock in more than four years. It fell more than 14 percent since the start of trading this month on January 2 to the close of trading on January 31 — an even more dramatic decline considering the gains seen by the broader markets in the same period. The Nasdaq grew 4.05 percent in January, while the S&P 500 was up 5.04 percent and the Dow Jones industrial average an impressive 5.76 percent.

As CNBC pointed out, since 2000, there had never been a month when Apple lost more than 14 percent while the Nasdaq rose and only one month while the S&P rose. That came in May 2001.

The last time things got this bad for Apple was in September 2008, when it received two downgrades as the economy suffered around it and a fear similar to one earlier this month — that the company was slowing iPhone orders — sprung up. Apple fell 32.96 percent that month while the S&P lost 9.08 percent and the Nasdaq dropped 11.64 percent.

The current continued good performance of the broader markets and their resistance of Apple’s weakness can be explained by a decent earnings season and a substantial amount of money moving into equity mutual funds, according to S&P Dow Jones Indices analyst Silverblatt.

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But Apple is not alone in its misery. Forbes made a list of other companies across several industries that are suffering through what is now the S&P’s nine-day winning streak. That includes Bank of America (NYSE:BAC), Boeing (NYSE:BA), Yum! Brands (NYSE:YUM), GameStop (NYSE:GME), Coach (NYSE:COH), First Solar (NASDAQ:FSLR), Monster Beverage (NASDAQ:MNST), and Family Dollar Stores (NYSE:FDO).

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