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published in Blogs
Apr 13, 2023

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.

Related Ticker: AAPL

Momentum Indicator for AAPL turns positive, indicating new upward trend

AAPL saw its Momentum Indicator move above the 0 level on May 26, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 70 similar instances where the indicator turned positive. In of the 70 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for AAPL just turned positive on May 31, 2023. Looking at past instances where AAPL's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

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 414 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 June 05, 2023. 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 52 similar instances where the indicator moved out of overbought territory. In of the 52 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where AAPL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 .

AAPL broke above its upper Bollinger Band on June 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 87, 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 fairly steady price growth. AAPL’s price grows at a lower 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 (45.662) is normal, around the industry mean (70.771). P/E Ratio (30.581) is within average values for comparable stocks, (44.251). Projected Growth (PEG Ratio) (2.477) is also within normal values, averaging (2.111). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.027). P/S Ratio (7.524) is also within normal values, averaging (104.348).

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), GoPro (NASDAQ:GPRO).

Industry description

TVs, telephones, washing machines, home speakers and even home-office equipment like computers and printers…the list is virtually endless when it comes to consumer electronics and appliances. And, with ‘smarthomes’ increasingly becoming the reality, we could see a sharp surge in high-tech gadgets (including robotic appliances) making their way into our homes– and therefore spelling plenty opportunities in the related industries. Consumers account for 70% of US GDP, and their purchases of high-functioning electronics could make significant dents in the economy’s health. Sony Corp., Whirlpool and iRobot are some of the major consumer electronics/appliances makers.

Market Cap

The average market capitalization across the Electronics/Appliances Industry is 94.5B. The market cap for tickers in the group ranges from 76.77K to 2.84T. AAPL holds the highest valuation in this group at 2.84T. The lowest valued company is EXEO at 76.77K.

High and low price notable news

The average weekly price growth across all stocks in the Electronics/Appliances Industry was 1%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 5%. HAPBF experienced the highest price growth at 21%, while HLOC experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the Electronics/Appliances Industry was -53%. For the same stocks of the Industry, the average monthly volume growth was -46% and the average quarterly volume growth was -58%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 51
Price Growth Rating: 50
SMR Rating: 60
Profit Risk Rating: 87
Seasonality Score: 10 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of mobile communication, media devices, personal computers, and portable digital music players

Industry ElectronicsAppliances

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
One Apple Park Way
Phone
+1 408 996-1010
Employees
164000
Web
https://www.apple.com
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AAPL and

Correlation & Price change

A.I.dvisor indicates that over the last year, AAPL has been loosely correlated with SONY. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if AAPL jumps, then SONY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AAPL
1D Price
Change %
AAPL100%
+0.22%
SONY - AAPL
62%
Loosely correlated
+1.07%
GPRO - AAPL
51%
Loosely correlated
-0.95%
VUZI - AAPL
47%
Loosely correlated
-2.00%
VZIO - AAPL
42%
Loosely correlated
-1.82%
LPL - AAPL
41%
Loosely correlated
-0.70%
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