By Dr. Duru:
“Buy the rumor, sell the news” is a common refrain among traders. The week of June 2nd may provide another case study for this refrain.
Apple (AAPL) has well out-performed the market with a 6.8% gain in the four weeks leading into its 2014 Worldwide Developers Conference (WWDC) beginning on June 2nd. The stock is up 3.1% in the last week.