“Apple has not sought the high-profile leadership opportunities that have set off transformations in other industries,” the news report said. “Nike (NYSE:NKE), for instance, has convened public meetings of labor, human rights, environmental, and business leaders to discuss how to improve overseas factories. The clothing retailer Gap Inc. (NYSE:GPS) has invited outside organizations to critique its purchasing practices and publish their findings.”
CHEAT SHEET Analysis: Catalysts for a Stock’s Movement
One of the core components of our CHEAT SHEET investing framework focuses on the factors that could affect a company’s stock. The severe criticism related to labor practices that Apple saw earlier this year led to some of the company’s credibility being wiped away. No company likes being known as the one with no morals, so the build-up of positivity from this news will certainly help Apple’s reputation in the long run.
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