Citi: The seven companies Apple could buy
#Apple could use its massive cash hoard to buy #Netflix or one of six other major U.S. companies, to the benefit of shareholders, according to a Citigroup analysis. On Tuesday, Apple reported another increase in its cash holdings to a new record of $256.8 billion, 93 percent of which is overseas. Many analysts speculate Apple could soon bring back those profits if the Trump administration follows through on a proposed cut to the tax rate on those returning funds. Mergers and acquisitions “may make the most sense for some (or all) of Apple’s excess cash” since Apple would likely take “too long” to use its cash for accelerating its pace of share repurchases, Citi’s Jim Suva said in a Friday note.