Can Apple Benefit from a New Big Hire?

With shares of Apple (NASDAQ:AAPL) trading around $500, is AAPL an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Apple designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, third-party digital content, and applications. The company’s products and services include the iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and further accessory, service, and support offerings. Apple also delivers digital content and applications through its iTunes, App, iBook, and Mac App stores.

Apple has hired Burberry CEO Angela Ahrendts to a new position called Senior VP of Retail and Online Stores, the New York Times reports. Ahrendts will leave Burberry to begin working at Apple in the spring. The Times said that Ahrendts is Apple’s second big hire from the fashion industry, which seems to support rumors that the company is working on a smartwatch device.