Kensho stats: three stocks for an apple comeback
Kensho stats: three stocks for an apple comeback"
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With their worst losing streak (eight days) since 1998 in the books, shares of Apple are long overdue for a comeback. If the iPhone-maker does experience a relief rally, there are certain
other stocks that should surge as well, if history is any guide. Using Kensho, a hedge fund analytics tool, we screened for the biggest Nasdaq 100 movers when Apple rose 5 percent or more in
one month during the last five years. Apple suppliers dominate the list of stocks with the highest returns, according to Kensho. Skyworks Solutions , NXP Semiconductors and Nvidia appear on
the screen as they provide chips for Apple's iPhone and computer products. Skyworks is the top performer in such instances with a 7.8 percent return on average. Read More Goldman: Fed
could hike 3 times, buy these stocks Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.
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