Apple (AAPL, $160.8) saw a $76.4B market cap decrease this week
Last week, Apple (AAPL) saw a significant decrease in its market capitalization, losing $76.4B and dropping 2.92% in value. The decrease in market cap can be attributed to various factors, such as weaker-than-expected earnings results, changes in market sentiment, and increased competition in the electronics/appliances industry.
In terms of earnings, Apple's Q2 2023 results were mixed. While the company reported revenue of $90.1B, beating expectations, its earnings per share (EPS) of $1.28 fell short of the estimated $1.41. The company's iPhone sales were also down compared to the same period last year, which is a concerning trend for investors. Despite these challenges, Apple's services segment, which includes the App Store, Apple Music, and iCloud, continued to perform well, with revenue of $16.9B.
When we look at the broader electronics/appliances industry, it appears that Apple is not alone in its struggles. According to A.I.dvisor's analysis of 40 stocks in the industry, 60% were in a downtrend, indicating a bearish sentiment. This trend is consistent with the overall market, which has been experiencing increased volatility in recent weeks due to rising interest rates and concerns about inflation.
Looking at AAPL's recent performance, the stock is currently in a downward trend, falling for three consecutive days as of April 12, 2023. This is viewed as a bearish sign, and investors should keep a close eye on the stock for future declines. Historical data suggests that in situations where AAPL declined for three days, the price further declined in 57% of cases within the following month. Therefore, investors should be cautious and consider their risk tolerance when investing in AAPL at this time.
Overall, while Apple's recent market cap decrease is concerning, it is important to consider the broader industry trends and potential future outlook of the company. Investors should stay informed about any updates or changes in Apple's performance and the industry as a whole to make informed investment decisions.
AAPL's Stochastic Oscillator is remaining in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 349 cases where AAPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for AAPL moved out of overbought territory on December 27, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 54 similar instances where the indicator moved out of overbought territory. In of the 54 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 31, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AAPL as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AAPL turned negative on December 30, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (35.461) is normal, around the industry mean (90.639). P/E Ratio (26.429) is within average values for comparable stocks, (44.395). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (1.915). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.025). P/S Ratio (6.925) is also within normal values, averaging (78.275).
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General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances