Kaminsky's Call: Don't Be Fooled by Apple
Let's say it together; Apple is the exception, not the rule.
People will beg, borrow and steal before they give up their iPod. Unfortunately for the stock market, that is not the case when it comes to everything else.
My "Call-to-Action:" Don't be fooled by Apple. It is not a leading indicator of consumer spending. Companies like Best Buy , Dean Foods, FedEx and California Pizza Kitchen are, and they are telling you the consumer is tapped out.
In a lot of ways, Apple's success reminds me of the massive growth of the cell phone industry in the early part of the last decade.
People kept betting against the industry, and that pessimism only fueled a robust rally. The same is true today of Apple.
That's all well and good if you own shares in Apple, this decade's growth story.
But don't out-think your success. What happens with Apple, stays with Apple. And if you own other retail-sensitive stock?
Well then, you've been warned.
- Cellphone Aims to Reinvent Industry
- Apple iPad Sales Accelerate: Three Million Sold in 80 Days
- Red Flags for Retail Stocks
Programming note: "The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
Gary Kaminsky does not hold any equity positions.
The content of this blog is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.
All opinions expressed in this blog are solely the opinions of Gary Kaminsky and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates, and may have been previously disseminated on television, radio, internet or another medium. You should not treat any opinion expressed by Mr. Kaminsky as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Mr. Kaminsky’s opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Kaminsky, CNBC, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Mr. Kaminsky’s statements and opinions are subject to change without notice. No part of Mr. Kaminsky’s compensation from CNBC is related to the specific opinions he expresses.
Past performance is not indicative of future results. Neither Mr. Kaminsky nor CNBC guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.