Bad news for Apple Inc. (AAPL) came out from an International Data Corporation (IDC) report, yet the risk warnings on U.S. stocks didn't stop there Monday. 

Apple

An IDC report said Apple saw a 20% year-over-year decline of iPhone shipments in China in January, while major competitor, Huawei, saw shipments increase by 23%. Still, Apple shares were only down 0.4% Monday. Real Money's Kevin Curran writes large money managers are leaving the stock.

Apple was Monday's Stock of the Day. 

Macro View

With the S&P 500 already up 8% year-to-date, and many strategists calling for 10% (give or take) returns on the index this year, "Markets have already priced in a lot of good news," wrote UBS chief investment officer Mark Haefele.

And there are uncertain global factors still to develop. U.S. and China trade relations are still very unsolved and Federal Reserve Chairman Jerome Powell still may raise rates once this year.

"Disappointment on these fronts - or a further deterioration in the slowing Eurozone economy - could cause a relapse in markets," Haefele said. 

What to do?

For starters, now may not be the time to be exposed to broad indices through ETF's. 

Try actively managed funds, many wealth managers are advising.

"There's no questions about it," said Albert Brenner, Director of Asset Allocation Strategy at People's United Advisors. "Investors are going to find the most benefit by being in the most discretionary in their stock purchases."

Amanda Agati, co-chief investment strategist at PNC Financial noted that with companies in the same sectors reporting differing levels of earnings results, company specific analysis is key to unlocking value, and that active fund management is imperative at this point.