Ghost of Igloi wrote:
SBUX up 9% after hours - that one is probably more important to the stock market than Apple.
Not sure how you figure that when AAPL is 4.37% of the index and over owned by just about every ETF and fund manager while SBUX is only 0.34% of the index.
apples to oranges.
my point is that SBUX might be a better measure of how corporate America is doing than Apple. Sbux has to deal with finding labor, currency, real estate, consumer confidence/spending, labor costs, etc.
Apple is just this mega thing with its own, often unique problems. If I wanted to take the temperature of corporate America, I might look at SBUX instead of Apple. Seems more representative and wide-sweeping.