Countless readers think Melissa Lee at CNBC, for instance, "hates Apple." Their words, not mine. I don't know Melissa, but I can tell you with confidence: There's no conspiracy against Apple at CNBC. The thought ... it's just plain dumb.
Let's be honest -- CNBC, like the rest of us, pounds the hot story. A majority of people consume their information and entertainment in spurts throughout the day. When a reader or viewer checks in, they expect to see the big stories. It's CNBC's job -- as well as TheStreet's -- to deliver. To us 24/7, eat, drink and sleep tech and finance types, it sometimes seems like overkill.
Play the hits. And right now, it's all Apple, all the time. And rightfully so.Simple as that. If it's "guilty" of anything, the media -- CNBC and others -- have a difficult time keeping an even keel. When AAPL was printing $700, practically everyone was passing out party hats. You could not find a bearish chord on CNBC or elsewhere. Now, we're just operating in the opposite direction. There's no injustice taking place. Me, I tend not to go with the crowd. There's half a chance I'm an idiot, half a chance I'm six months ahead of everybody else. I don't know. But, I know this, "everybody" hates Apple now. No doubt. I agree with the media conspiracy theorists on that much, but it ends there. When the tide turns against a company and a stock like it has Apple, most people -- except ultra loyal supporters -- tune out almost anything positive. We saw the same thing with Facebook (FB). It comes down to psychological dysfunction in the stock market as well as the media that covers it. That's what explains this absurd notion that Apple can no longer innovate. What happened to even make this something that resembles a valid observation? Nothing. Apple did nothing to deserve such treatment. And the competition sure as hell didn't do anything to warrant this ill will.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV