Release

Today’s Research Reports on Stocks to Watch: Apple and Square

Apple may have closed with a slight loss but the news was rampant. Next to some acquisitions, it was Kanye West who pitched an idea to President Trump about a plane that should be designed by Apple. Shares of Square saw a big loss yesterday as traders learned that the company’s pivotal CFO, Sarah Friar, would be leaving the company to pursue leadership of another company.

RDI Initiates Coverage on:

Apple Inc.
https://rdinvesting.com/news/?ticker=AAPL

Square, Inc.
https://rdinvesting.com/news/?ticker=SQ

Apple Inc. shares ended up with a modest loss of 0.88% at the close on Thursday and won those losses back in extended hours. According to a TechCrunch report, the iPhone maker is paying $300 million in a cash deal to buy a portion of Dialog Semiconductor, a European chipmaker that has been working with since the first iPhone. Apple will also prepay a further $300 million for products to be delivered to Apple over the next three years. At the end of last year, it was also revealed that the company acquired Danish company Spektral for $30 million. It wasn’t until yesterday that a Danish newspaper called Børsen reported the acquisition that had been quietly done. Spektral has software that erases backgrounds from videos instantly. Yesterday Kanye West also had a much talked about meeting with President Trump where he discussed a plane design that he thinks should be made by Apple. TicToc by Bloomberg tweeted, "Kanye West thinks Trump should ditch Air Force One for this plane to be manufactured by Apple #tictocnews"

Access RDI’s Apple Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAPL

Square, Inc. shares were down nearly 11% on Thursday on news that the company’s CFO Sarah Friar is stepping down from the company to go be the CEO at Nextdoor. Nextdoor is a social network that helps neighbors communicate with each other. CEO Jack Dorsey said to employees, "I’m saddened by the news. I was unrealistically expecting to be working with Sarah well into our late 90s (swapping the standup tables for rocking chairs). Unrealistic because I knew of Sarah’s lifelong ambition to run her own company." He also added, "Sarah leaves us having established a culture of entrepreneurship and discipline across the entire company. She has been an amazing leader, partner, and friend, and we are grateful for all she’s done for Square."

Access RDI’s Square, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SQ

Our Actionable Research on Apple Inc. (NASDAQ: AAPL) and Square, Inc. (NYSE: SQ) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT                        

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:                          

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.