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published in Blogs
Apr 02, 2019

Aramco is the richest company in the world, beating Apple (AAPL, $193.69)

According to recently released financial data, the state-run oil giant Saudi Aramco has beaten Apple to become the world’s most profitable company as of 2018. According to this data, Aramco made a mammoth $111 billion in fiscal 2018, surpassing Apple which made $59.53 billion in the same period. In fact, Aramco also topped companies like J.P. Morgan Chase (JPM), Google-parent Alphabet (GOOGL), Facebook (FB) and Exxon Mobil (XOM) who made a combined $106 billion in 2018.

Recently, Aramco has also disclosed a $10 billion bond sale, which it plans to use to fund a nearly $70 billion stake in Saudi Arabia’s petrochemicals company.

However, Aramco still fell short of receiving top credit ratings from agencies like Moody’s, as the latter thinks that the company’s dependence on Saudi’s economy could prove disadvantageous in the long run. Analysts further think that even though Aramco runs as a fairly independent company, the government’s budget is highly dependent on the contributions from the company in the form of taxes, royalties, etc.

 

Related Ticker: AAPL

AAPL sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for AAPL moved above the 200-day moving average on June 13, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for AAPL just turned positive on June 11, 2024. Looking at past instances where AAPL's MACD turned positive, the stock continued to rise in of 42 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 328 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 375 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 11, 2024. 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 88, 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 (83.327). P/E Ratio (26.429) is within average values for comparable stocks, (46.113). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (1.814). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.024). P/S Ratio (6.925) is also within normal values, averaging (72.207).

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 81.29B. The market cap for tickers in the group ranges from 129.13K to 2.62T. AAPL holds the highest valuation in this group at 2.62T. The lowest valued company is IALS at 129.13K.

High and low price notable news

The average weekly price growth across all stocks in the Electronics/Appliances Industry was -2%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 14%. AXIL experienced the highest price growth at 35%, while MICS experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the Electronics/Appliances Industry was 28%. For the same stocks of the Industry, the average monthly volume growth was -6% and the average quarterly volume growth was -50%

Fundamental Analysis Ratings

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

Valuation Rating: 65
P/E Growth Rating: 62
Price Growth Rating: 59
SMR Rating: 78
Profit Risk Rating: 87
Seasonality Score: 7 (-100 ... +100)
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AAPLDaily Signal changed days agoGain/Loss if shorted
 
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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
161000
Web
https://www.apple.com
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