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Morning Alert: Apple decreases 0.3%, leads Computer integrated systems sector lower 18 January 2018 11:11 EST

NEWS BITES - NORTH AMERICA

Apple Inc. (NASDAQ:AAPL) has decreased 0.3% to trade at $US178.60 vs. the Computer integrated systems sector which weakened 38.7 points (or 0.3%) to 13,640.6. Representing a weighting of about 99.6% of the sector, the stock accounted for 99.3% of today's loss. Trading volume was 1.4 times average so far today.

SECTION 1: Technical indicators

Overbought/Bearish:

The 0.8% discount to 12-month high of $US180.05 against the 52.0% premium to 12-month low of $US117.48 suggests the climb might be peaking.

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

Parity:

Price/Earnings of 19.4 [19.0]

Price to Book of 7.3 [7.3]

Dividend yield of 1.4% [1.4%]

Return on Equity 36.1% [35.8%]

Return on Assets 12.9% [12.8%]

Return on Capital Employed 23.3% [23.2%]

Undervaluation:

Price/Earnings/Growth of 1.5 [3.2]

Year-on-Year Earnings Growth of 10.8% [5.9%]

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

Note

Bullish:

The positive 1.65 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive in four days, a reinforcing bullish signal.

In the last one month the stock has hit a new 52-week high four times and in the last three months eleven times, pointing to a significant uptrend.

The price increased 1.9% in the last week and 1.2% in the last month.

SECTION 2: Ranking

DescriptionValueRank In Market
MCap $US billion917In Top 1%
52-week Range (in $US)117.5-180.1
1-month Range (in $US)169.3-180.1
RSI78.0Bearish

SECTION 3: Earnings

FY2017 Annual Report: Apple Net Profit up 5.8%

Apple (NASDAQ:AAPL) reported net profit for the year-ended 30 September 2017 of $US48.4b, up 5.8% from $US45.7b in the previous year.

Highlights

- Net tangible assets per share of $US24

- Total revenue of $US232.0b

- Net profit of $US48.4b

- EPS of $US9.21

- EBIT Margin of 28.0%

- 5-years average annualized earnings growth rate of 7.9%

- Total debt to net tangible assets of 0.8

- Total Liabilities to EBITDA of 3.8: this compares favourably with the Joseph Piotroski benchmark of less than 5

- Total Liabilities to Operating Cash Flow of 3.8: this compares favourably with the Joseph Piotroski benchmark of less than 4

- Debt to Equity of 0.7

- Total liabilities to Total assets of 0.6

- Current ratio of 1.3

- Working capital to total assets of 7.4%

- Retained earnings to total assets of 26.2%

- EBIT to total assets of 17.1%

- Total revenue to total assets of 0.6

SECTION 4: Recent News of Apple

January 17: Apple Accelerates US Investment and Job Creation

$350 Billion Contribution to US Economy Over Next Five Years

CUPERTINO, Calif.---- Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple's domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store.

January 16: Apple (AAPL) issued new U.S. patent [9,867,575]

Apple (AAPL) has been issued a new U.S. patent titled "Heart rate path optimizer" by the US Patent and Trademark Office. The patent number is 9,867,575 and was issued on January 16, 2018.

ABSTRACT

A device for determining a heart rate of a user has a PPG sensor and an accelerometer to compensate for acceleration artifacts within the PPG signal.

January 16: Apple (AAPL) issued new U.S. patent [9,869,564]

Apple (AAPL) has been issued a new U.S. patent titled "Method and apparatus for providing dynamic warnings for navigations" by the US Patent and Trademark Office. The patent number is 9,869,564 and was issued on January 16, 2018.

ABSTRACT

A navigation application that provides a dynamic set of warnings based on a set of collected and calculated data.

January 16: Apple (AAPL) issued new U.S. patent [9,869,567]

Apple (AAPL) has been issued a new U.S. patent titled "Portable computer sleep mode system sensors" by the US Patent and Trademark Office. The patent number is 9,869,567 and was issued on January 16, 2018.

ABSTRACT

A sleep mode system for an electronic device can include a light source, a sensor, and a light altering component.

January 16: Apple (AAPL) issued new U.S. patent [9,868,254]

Apple (AAPL) has been issued a new U.S. patent titled "Method and apparatus for three dimensional printing of colored objects" by the US Patent and Trademark Office. The patent number is 9,868,254 and was issued on January 16, 2018.

ABSTRACT

Systems, computer readable media, and methods for printing of 3D objects in color are disclosed.

Apple Inc. (O:AAPL)

ISIN: US0378331005

PermID: 4295905573

CIK: 320193

CUSIP: 037833100

Source: www.BuySellSignals.com