Company Of The Day: Apple
What?
Apple (NASDAQ:AAPL) acquired a U.K based fintech start-up called Credit Kudos, which leverages machine learning to create an alternative to traditional credit scores.
Why?
- Down 10% This Year, Will Gen AI Tools Help Apple Stock Recover?
- Down 5% Over The Last Month, Will Strong iPhone Sales Help Apple Offset Mac Headwinds In Q1?
- After Over A 40% Rally In 2023, Will Antitrust And iPhone Issues Hurt Apple Stock?
- Up 45% Since The Beginning Of 2023, Where Is Apple Stock Headed?
- Up 34% This Year, Will Apple Stock Rally Further Following Q4 Results?
- Will New iPhones Help Apple Stock Offset A China Slump?
Apple has been gradually expanding its presence in financial services, with Apple Pay and the Apple credit card. The new acquisition indicates that Apple might be looking to expand into lending as well.
So What?
Apple stock gained about 1% on Wednesday, compared to the broader S&P 500 which declined by over 1%
See Our Complete Analysis For Apple
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| AAPL Return | 4% | -3% | 493% |
| S&P 500 Return | 3% | -5% | 102% |
| Trefis MS Portfolio Return | 2% | -9% | 259% |
[1] Month-to-date and year-to-date as of 3/24/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market Beating Portfolios