What happened to Apple's stock the day after Steve Jobs passed away? Pretty much the same thing that happened to it the day after Steve Jobs resigned as CEO. Next to nothing.
No doubt Jobs will be missed on many levels. No one says he won't. But financial analysts including Piper Jaffray's Gene Munster, Ticonderoga Securities' Brian White, and Sterne Agee's Shaw Wu say Jobs set Apple rolling in the right direction and did the right thing training CEO Tim Cook to take the reigns. Canaccord Genuity's T. Michael Walkley agrees and - if Thursday's chart is any indication - so do investors.