Gloomy IPO season gets some sun... One Medical stock popped 47% as the membership-based healthcare co went public Friday. Its lofty goal: "Make people fall in love with their doctor's office." Kinda like what Equinox did for gyms, but for medical visits (and not as pricey). The word "delight" was mentioned 7 times in their IPO filing — that's more than the word "doctor." It's still unprofitable with 400K members, but the real opportunity is with corporate clients — Google is one of its biggest customers (and investors).
The branches are growing... Apple enjoyed its most profitable quarter ever. It was also the Fruit's first quarterly profit increase in over a year. Highlight: Wearables sales (think AirPods, watches) jumped 37%. In 365 days, Apple has added over $725B to its value (that's more than Facebook's entire value), thanks to its self-serving ecosystem: Apple's wearables and services (Apple TV+, Apple Card) all tie back to and benefit its core iPhone biz.