Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Shares Bite the Dust as Dow Climbs

Down early in the day, the Dow Jones Industrial Average rallied in the afternoon to close just a few points below its all-time record high set in Oct. 2007. The market continues to applaud reassurances from Federal Reserve Chief Ben Bernanke — reassurances that implied bond-buying measures would continue — and the Dow added 38 points, or 0.27%, to close at 14,127.

The Home Depot, Inc. (NYSE:HD) , up more than any other stock in the index in the last year, continued its climb, adding 1.8%. The stock is up more than 48% since a year ago. Rallying on the heels of a share buyback program announced last week, not only did the company approve $17.5 billion of share repurchases but it hiked the dividend by 34%. Talk about a perfect storm of good news!

Apple Inc. (NASDAQ:AAPL)

Although the U.S. has seen a resurgence in housing that such companies as Home Depot have benefited from, global industrial behemoths such as Caterpillar Inc. (NYSE:CAT) can be influenced more heavily by international developments. Worries coming from China on Monday were sufficient to send Caterpillar 1.8% lower. The Chinese government instituted new rules intended to curb the wild growth of real estate values, a move that investors fear will hurt industrials, like Caterpillar, with exposure to the country.

In the tech sector, Apple Inc. (NASDAQ:AAPL) stock retains its distinction as one of the market’s biggest movers. It’s just not moving in the right way: Shares lost 2.4% Monday. The iPhone maker is in a way the victim of its own success, as shareholders worry the lack of a revolutionary, paradigm-shifting product on the horizon is equivalent to abject failure. Meanwhile, arguably Apple Inc. (NASDAQ:AAPL)’s largest rival, search giant Google Inc (NASDAQ:GOOG), was setting all-time highs, adding almost 2% and ending above $820 per share.

Lastly, 3D Systems Corporation (NYSE:DDD) , up more than 3% early in the day, ended up sliding 2.8%. While it would seem the impressive results from rival 3-D printing company Stratasys, Ltd. (NASDAQ:SSYS) would boost 3D Systems’ shares, that was certainly not the case. Expectations are so ridiculously high for this company that the market sold off the stock recently when it reported 54% sales growth and projected nearly 40% earnings growth. Investors in these high-growth, low-certainty businesses should know that they’re signing up for a bumpy ride.

The article Apple Shares Bite the Dust as Dow Climbs originally appeared on and is written by John Divine.

Fool contributor John Divine owns shares of Apple. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.The Motley Fool recommends 3D Systems, Apple, Google, Home Depot, and Stratasys. The Motley Fool owns shares of 3D Systems, Apple, Google, and Stratasys and has the following options: short Jan 2014 $36 calls on 3D Systems and short Jan 2014 $20 puts on 3D Systems.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.