Nothing wrong with betting against the biggest company in the world that sells a product that is all integral to our daily lives and is owned partially by Warren Buffett, right? Color yours truly a risk taker when it comes to this short-term bearish Apple (AAPL) call.
The bottom line is that right now on Apple there is no short-term win potential. Meaning, in the eyes of the stock market, Apple could only lose.
For one, speculation is swirling the pricey Apple iPhone X will be delayed until December. Should that happen, Apple could lose out on maximizing the precious holiday shopping season. A press release by CEO Tim Cook to kill this speculation would be helpful, though it's unlikely to arrive.
Secondarily, there is the Trump tax plan. Shares of multinationals such as Apple have soared over the last year on hopes of a generous repatriation holiday. Not only is it shaping up to be a less generous holiday than some hoped for, but it may not even happen before year-end. Another lose for Apple traders.
For the rest of why Sozzi hates Apple for October and to see nine other stocks Real Money is avoiding for the month click here.
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