Morgan Stanley (MS - Get Report) analyst Katy Huberty lowered her outlook for fiscal 2016 iPhone sales and earnings Monday, and Apple (AAPL - Get Report) stock took a downward turn, dropping at one point by around 2%. She's calling for a 6% drop in iPhone shipments in this fiscal year, and has cut her December quarter estimate of iPhone shipments to 74 million from 79 million. However, she didn't change her overweight rating or her $143 price target.

In Jim Cramer's view, though, this decline could be a buying opportunity. He's not sure the channel checks Huberty's relying on are so reliable. Also, he points out, Apple may not have upward momentum but it's priced at a fairly cheap earnings multiple.

Apple closed Monday at $112.48, down 0.6%.

Odds are, you've signed a lot of user agreements without reading more than a handful of words. It's not like we have any choice when it comes to many services. Often, that ends up meaning you're signing away some rights to sue if the company doesn't play by the rules.

Apparently, even when your state government tries to help you out, you really can't win. Reuters reports that in a case decided Monday, the U.S. Supreme Court ruled 6 to 3 that DirecTV can't be sued in a class action case that accused it of violating California law by imposing cancellation fees. This reversed a state appeals court ruling that said those "mandatory arbitration" clauses were against state law.

Sorry, said the majority: Federal law trumps state law. Any disagreements must be handled individually via private arbitration.

Interesting side note for fans of the nine: The dissenters were a moderately unusual grouping: Ruth Bader Ginsburg, Sonia Sotomayor and Clarence Thomas. (His votes have a lower overlap with those two than with any of his other fellow justices).

DirectTV is now owned by AT&T (T - Get Report) , which closed up 1.3% at $33.60.

One of the bestselling points of streaming music services is their ability to take a few songs you like and fit you into a profile, so they can feed you more music that suits your tastes: "Indigo Girls fan? Here, try some Ani DiFranco and Shawn Colvin" etc.

But for users with more diverse tastes, those algorithms haven't always been such a success. Enter Pandora's (P) latest attempt: Thumbprint Radio. As TechCrunch reports, this new attempt at a "hyper-personalized" station will be better able to stir multiple genres into your mix. So for people who like to jump around between Cypress Hill and Wyndham Hill, AC/DC and the Bee Gees, The Cure and Jah Cure, it may be time to tune in to Pandora.

Pandora shares closed down 1.4% Monday at $12.44.

Privately held computer giant Dell, as you may know, is in the midst of a $67 billion deal to buy EMC (EMC) -- a plan that was going to leave Dell saddled with a heavy $50 billion debt. Apparently Michael Dell and his co-owners (private equity firm Silver Lake Partners) think that's a bit too much: Re/code reports Dell has been shopping around IT services company Perot Systems, which it bought in 2009 for $3.9 billion. If it can find a buyer willing to fork over the $5 billion-plus price, it will use that money reduce its EMC-related debt load. Several possible buyers Dell has approached have reportedly already passed.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.