Apple ranks among top "gas-proof" stocks
updated 06:20 pm EDT, Thu August 25, 2005
Apple \"gas-proof\"
Apple is second among the Motley Fool's list of seven "" stocks. While many organizations --from petroleum companies to Wal-Mart-- have been affected by, or blamed for, the soaring cost of crude oil, there are are also "plenty of stocks sitting pretty, miles away from the nearest pump." For example, the iPod is "the gadget of choice for active pedestrians and public-transportation commuters," according to the report. And when it comes to iTunes, "folks have purchased more than 350 million songs that are digitally and instantly delivered. You don't have to drive out to the record store. And pressed CDs don't have to be driven about through various layers of physical distribution."






Fresh-Faced Recruit
Joined: Sep 2001
Motley Fuckwits
and if soaring gas prices (thank you very much George W. a******) keep people from spending money on pricey gadgets like the iPod and Mac computers which sell for a premium???? Then what happens to MF's loony theory that some stocks are 'gas-proof'???
Just a cute hook for an article, nothing more.