U.S. stocks may be on the rise but two former tech darlings are missing out on the move up. Shares of Apple and Facebook were firmly in the red Wednesday as the the Dow jumped more than 100 points for a second straight day.
Both companies have been struggling to impress investors this year amid a lack of new and innovative products.
The disappointing downward moves in the stocks gave people on StockTwits plenty to chatter about.
Facebook tried to push the envelope last week when it unveiled Video on Instagram, a service tied to the popular photo app that Facebook bought last year for $1 billion.
But that wasn't the type of innovation investors have been looking for, and the stock remains stuck in a rut.
The complaints were even harsher against Apple.
Oh, the irony! And of course it's not just today. Netflix is the best performing stock in the S&P 500 this year, with shares up 130% while Apple shares have declined about 25%.
Ouch. But depending on where you bought the stock, maybe it's helped more than it's hurt? After all, if you take a step back, you'll see that Apple shares have more than quadrupled since the bull market began in March 2009, while the S&P 500 has only doubled.
Still for future gains, most investors agree that Apple needs to come up with something soon, and not just a fun advertisement.
Some even wondered if Apple CEO Tim Cook is holding the company back, though others came to Steve Jobs' successor's defense.
Others came to Steve Jobs' successor's defense.
A new leader may or may not be the answer, but it's crystal clear that new ideas and time are of the essence for Apple.
Coach is back in the game! Shares of the luxury handbag maker jumped 10% Tuesday after the company blew past earnings and revenue expectations thanks to solid sales growth around the world.
Overall revenue climbed 7% during the fiscal third quarter to $1.19 billion, with sales rising 7% in North America and 6% in international markets. Sales in China were among the strongest, climbing a whopping 40%.
"We're pleased with...the progress we're MOREHibah Yousuf - Apr 23, 2013 12:01 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Stocks don't go up every day. And you know what? There's nothing wrong with that.
This week's pullback -- the S&P 500 was down nearly 3% as of Thursday afternoon -- may be just what the MOREPaul R. La Monica - Apr 18, 2013 12:50 PM ET
The Dreamliners may be temporarily grounded, but one hedge fund manager is betting that aircraft makers are about to take off.
"The aerospace industry was essentially put on hold during the few years since the financial crisis, but now there is a real need for modern planes," said Dinakar Singh, founder and CEO of New York-based hedge fund TPG-Axon Capital Management, adding that he expects the industry will enjoy strong and MOREHibah Yousuf - Jan 17, 2013 4:26 PM ET
U.S. stocks have rallied nearly 15% since the start of June, and one expert said that means the market is ripe for a pullback.
"We've just come too far, too fast," said Sean Clark, chief investment officer of Clark Capital Management Group in Philadelphia, who expects stocks to pullback between 5% and 10% during the next month, leading up to the election. "We think it's time to take some money off MOREHibah Yousuf - Oct 4, 2012 2:42 PM ET
Investor malaise has settled in like a hot summer day. And it's just as uncomfortable.
"Our volume is as muted as it can be and the VIX is down sharply," said John Kosar, director of research at Asbury Research in Schaumberg, Ill.
Kosar is talking about the Chicago Board of Trade's volatility index (VIX), Wall Street's notorious fear gauge. It has barely budged above 20 during the past month. It is now MORECatherine Tymkiw - Aug 7, 2012 9:49 AM ET
Not a member yet?Sign up now for a free account