US Nasdaq stock alert

USA

CLOSING UPDATE: Apple decreases 1.0%, led Computer integrated systems sector lower 15 June 2018 18:11 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Apple, NASDAQ's largest computer integrated systems company by market capitalisation, has decreased 1.0% to trade at $US188.84 vs. the Computer integrated systems sector which weakened 143.3 points (or 1%) to 13,804.4. Representing a weighting of about 99.6% of the sector, the stock accounted for 99.3% of today's loss. Trading volume was 2.0 times average at the end of the day. Compared with the NASDAQ-100 Index which fell 25.9 points (or 0.4%) in the day, this represented a relative price change of -0.7%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 1.5% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings/Growth of 1.38 [1.0]

+ Return on Equity 36.1% [41.6%]

+ Year-on-Year Earnings Growth of 10.8% [16.8%]

Other Bearish Signals include:

+ Tobin's Q Ratio is 2.5. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Note

Bullish Signals:

The positive 3.27 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 2.8% discount to 12-month high of $US194.20 against the 34.9% premium to 12-month low of $US140.02 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.

Total Liabilities/EBITDA of 3.8 is comfortably below the Joseph Piotroski benchmark of <5.

As per the Du Pont analysis, Return on Equity is high at 36.1%. Also, this has improved from 35.6% last year.

TODAY'S ALERTS

Afternoon Alert: Apple decreases 1.0%, leads market lower

15 June 2018 13:20 EDT

Apple Inc. (NASDAQ:AAPL) has decreased 1.0% to trade at $US188.89 vs. the NASDAQ-100 Index which weakened 25.9 points (or 0.4%) to 7,253.7. Representing a weighting of about 11.0% of the index, the stock accounted for 30.5% of today's loss. Trading volume was 1.9 times average so far today.

Morning Alert: Apple decreases 0.7%, leads market lower

15 June 2018 11:02 EDT

Apple Inc. (NASDAQ:AAPL) has decreased 0.7% to trade at $US189.38 vs. the NASDAQ-100 Index which weakened 25.9 points (or 0.4%) to 7,253.7. Representing a weighting of about 11.0% of the index, the stock accounted for 22.8% of today's loss. Trading volume was 2.4 times average so far today.

RECENT ALERTS

Afternoon Alert: Apple decreases 0.01%, leads Computer integrated systems sector lower

14 June 2018 13:20 EDT

Apple Inc. (NASDAQ:AAPL) has decreased 0.01% to trade at $US190.69 vs. the Computer integrated systems sector which weakened 1.0 points (or 0.01%) to 13,939.6. Representing a weighting of about 99.6% of the sector, the stock accounted for 51.8% of today's loss.

Morning Alert: Apple increases 0.3%, leads Computer integrated systems sector higher

14 June 2018 11:03 EDT

Apple Inc. (NASDAQ:AAPL) has increased 0.3% to trade at $US191.34 vs. the Computer integrated systems sector which strengthened 46.8 points (or 0.3%) to 13,987.4. Representing a weighting of about 99.6% of the sector, the stock accounted for 98.3% of today's gain. Trading volume was 1.1 times average so far today.

Apple Inc. (O:AAPL)

ISIN: US0378331005

PermID: 4295905573

CIK: 320193

CUSIP: 037833100

Source: www.BuySellSignals.com