NEW YORK (TheStreet) -- Shares of Apple Inc. (AAPL) are up 0.50% to $96.45 in pre-market trade after the Wall Street Journal ran a lengthily article about the company and its leadership under CEO Tim Cook.
Cook is said to be "actively seeking new directors to add to Apple's eight-person board, known for its loyalty to Mr. Jobs [The late founder Steve Jobs]. Six of the seven outside directors are aged 63 or older. Four of them have served for more than a decade, including two who have been on the board since the late 1990s," sources told the Journal.
TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."