8 Knocks on Apple Stocks

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Scott Moritz

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Jun 21, 2011, 2:55:33 PM6/21/11

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Scott Moritz

06/21/11 - 01:48 PM EDT

NEW YORK (TheStreet) -- Even with a 3% upswing Tuesday, Apple (AAPL ) is underperforming the Nasdaq this year.

Tech stocks in general have not enjoyed much appreciation from Wall Street in 2011, but Apple, a long-time favorite in the group, has had an unusually rough ride. June has been particularly hard for the tech giant, whose shares are down 8% so far this month.

Traders and analysts describe a laundry list of explanations for why dumping Apple by the bushel has been so prevalent.

As one hedge fund manager described it, Apple is suffering from being the "best house in a bad neighborhood." With phone rivals Research In Motion (RIMM ) and Nokia (NOK ) in crisis, and Motorola (MMI ) failing to gain traction, the sector hasn't been exactly the sweetest spot in the market.