What the Hell Happened With Apple (AAPL)?
Why did Apple’s stock plummet after the company ostensibly “beat the street”? Two reasons:
- The company missed the Street’s real expectations (a.k.a., whisper numbers)
- The company’s outlook was weak.
The concept of “whisper numbers” frustrates the hell out of people who don’t work in the investment industry, but they’re an unavoidable fixture of a real-time information economy. For companies that have been “beating expectations,” moreover, they’re usually higher than…
