US Nasdaq stock report - Apple

USA

Apple accelerates rise, up 3.5% in 2 days August 17, 2018 16:00 EDT

NEWS BITES - NORTH AMERICA

Apple Inc. (NASDAQ:AAPL), the NASDAQ's largest Computer integrated systems company by market cap, has increased $US7.34 (3.5%) over the past two trading days, compared with the NASDAQ-100 Index which rose 22.9 points (0.3%) in the two days for a relative price increase of 3.2%. Cumulative volume in the 2 days was 1.1 times the average 2-day volume of 29.7 million shares. Apple's stock rose 1.5% on Thursday and 2% on Friday to close at $US217.58. Its MCap is $US1,069.4 billion.

INSTITUTIONAL BUYING

Apple (NASDAQ:AAPL) institutional shareholder BSC Private Wealth Management, LLC (CIK:0001690531) bought 23,582 shares in the quarter ended June 30, 2018 worth $US4.4 million at an estimated Volume Weighted Average Price (VWAP) of USD179.72. At the end of the quarter BSC Private Wealth Management, LLC held 47,446 shares worth $US8.5 million. The net increase in holdings over the last one year and eight months was 12,734 shares (37% of the shares held one year and eight months ago).

INSTITUTIONAL SELLING

Apple (NASDAQ:AAPL) institutional shareholder Nelson, Van Denburg & Campbell Wealth Management Group, LLC (CIK:0001599868) sold 5,050 shares in the quarter ended June 30, 2018 worth $US931,539 at an estimated Volume Weighted Average Price (VWAP) of USD179.72. At the end of the quarter Nelson, Van Denburg & Campbell Wealth Management Group, LLC held 29,681 shares worth $US5.3 million. The net increase in holdings over the last two years and nine months was 10,887 shares (58% of the shares held two years and nine months ago).

APPLE DIVIDENDS

The shares climbed 4.8% in the 5 trading sessions since the ex-dividend date of August 10. The company paid a dividend of 73.0c per share. Based on dividends of $US2.72 per share for the trailing twelve months and the last price of $US217.58 the dividend yield is 1.2%.

Highlights in today's Report:

SECTION 1 BULLISH SIGNALS

SECTION 2 BEARISH SIGNALS incl. Open Interest

SECTION 3 PRICE VOLUME DYNAMICS

SECTION 4 RELATED NEWS

SECTION 5 REPORTED BUYING AND SELLING

SECTION 6 GLOBAL RANKING

SECTION 7 SUMMARY FINANCIALS

SECTION 8 PROFILE

SECTION 1 APPLE BULLISH SIGNALS

1.1 Technicals:

Uptrend: The stock continues its significant uptrend. The stock rose 2.0%, for a 5-day rise of 4.8%, on high volatility today and expanding price range.

+ The price climbed 4.8% in the last week and soared 14.0% in the last month.

+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 208.31 minus the 26-day EMA of 202.13 is positive 6.18 suggesting a bullish signal. Both EMA prices are rising, another bullish signal.

+ Rises to Falls: in the past month the number of rises outnumbered falls 17:7 or 2.4:1.

+ The stock's relative price strength percentile is rising at 80 for 6 months, 82 for 3 months and 91 for 1 month.

+ The stock has seen a rally of 27% in less than 6 months.

+ The present value of $US1,000 (PV1000) invested one year ago in Apple is $US1,420, comprising a capital gain of $US399 and dividend reinvested of $US21.

PV$10001-week1-month1-year
AAPL.NASDAQ1,0521,1441,420
NASDAQ-100 Index9979971,273

+ The present value of USD1,000 (PV1000) invested thirty years ago in Apple is $US179,534, including a capital gain of $US160,745 and dividend reinvested of $US17,788.

+ 30 years Multiplier in USD = 179.534x

+ Compound Annual Growth Rate (CAGR) in USD = 18.7%

High Performance Indicators and rank of Apple in the NASDAQ market:

DescriptionAAPL ValueRank In Market
Today's Trading Turnover$US7.6 billionIn Top 1%
Price/MAP501.12In Top 9%
Return on Assets [ROA] %12.9In Top Quartile
Return on Capital Employed [ROCE] %23.3In Top Quartile
Price Change %2.0In Top Quartile
% Prem to Vol Wtd Price7.4In Top Quartile
Price/MAP2001.22In Top Quartile

1.2 Fundamentals:

+ The relative yield of AAPL, defined by its yield of 1.2%, divided by average yield of dividend yielding stocks in the NASDAQ-100 Index of 1.0% is 123.8%. This suggests Apple stock is undervalued in dividend yield terms.

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

+ As per the Du Pont analysis, Return on Equity [ROE] is high at 36.1%; an improvement from 35.6% last year. ROE is computed as net profit margin of 21.1% times asset turnover [sales/assets] of 0.62 times leverage factor [total assets/shareholders' equity] of 2.8.

YOY Improvement in ROE and Profit Margin

Du Pont AnalysisROEProfit MarginAsset TurnoverEquity Multiplier
Current Year36.121.10.622.8
Previous Year35.621.20.672.5

1.3 Undervaluation [compared with sector average]:

+ Price/Earnings of 19.6 [22.2]. We estimate Apple stock is trading at a current year P/E of 18.6 and a forward year P/E of 15.7.

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

+ Price/Earnings/Growth of 1.8 [3.8].

SECTION 2 APPLE BEARISH SIGNALS

2.1 Open Interest:

+ Open Interest Trend

Same day trend: The price increased 2.0% from $US213.32 to $US217.58; Open interest has decreased 0.3% from 530,642 to 529,249. A price rise combined with a decline in open interest suggests the rally is caused by short sellers covering their positions. This indicates money is leaving the market, a bearish signal.

DurationOpen Interest change %Price change %Interpretation
1-day-0.32.0Market is Weakening
1-week-15.14.8Market is Weakening

+ Put Call Contracts

Put/Call ratio has jumped from 0.874 to 0.89 suggesting a downtrend.

Put ContractsCall ContractsPut/Call ratio
Today249,177280,0720.89
Previous day247,407283,2350.874

2.2 Technicals:

+ The 0.2% discount to 12-month high of $US217.95 against the 48.1% premium to 12-month low of $US146.94 suggests the climb might be peaking.

2.3 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 92.3 has penetrated the overbought line of 70, suggesting the price gain of 14.7% in the last 14 days is unusually high.

+ The stock is overbought according to the Williams % R indicator of -1.3, suggesting the price is close to its 14-day high of $US217.95.

+ The Money Flow Index [MFI] is 84.1 suggesting an overbought 14-day trend, being above 80. The Money Ratio of 5.3 suggests positive money flow was 5.3 times negative money flow.

Low Performance Indicators and rank of Apple in the NASDAQ market:

DescriptionAAPL ValueRank In Market
P/E * P/NTA166.4In Bottom Quartile
Price to Sales4.6In Bottom Quartile
EPS Growth %10.8In Bottom Quartile

2.4 Fundamentals:

+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.8. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Quarterly Trend in Revenue, Net Profit and Net Profit Margin:

+ Net Profit margin is positive but falling in recent quarters. [All figures in %]

Qtr-endedRevenue GrowthNet Profit GrowthNet Profit Margin
Jun 18 [Q3]--21.6
Mar 18 [Q2]--31.122.6
Dec 17 [Q1]67.987.322.7

2.5 Overvaluation [compared with sector average]:

+ Return on Equity 36.1% [41.6%].

SECTION 3 APPLE PRICE VOLUME DYNAMICS

3.1 Momentum:

+ Volume: there were 34,997,900 shares worth $US7.6 billion traded today. In the past week, volume was 0.9 times average and the shares were up 4.8%. The rise has been propped up by firm volume of 1.2 times the average daily volume of 29.7 million shares.

3.2 Turnover Rate & Turnover Period:

+ The turnover rate in the 12 months to date was 120.5% (or a turnover period of 9 months). This average length of ownership of the stock at 1.4 times the average holding period of 6 months for stocks in the NASDAQ-100 Index suggests a larger number of core investors, making a long-term investment safer.

3.3 Moving Annual Return (Past 5 years)

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 4 of the last 5 years. An investment a year ago in AAPL would have produced a return of 41.7%.

AAPLClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
Aug 17217.582.7239.91.741.7
1 Yr ago155.512.446.92.349.1
2 Yrs ago105.882.18(3.7)2(1.7)
3 Yrs ago109.941.9821.22.223.4
4 Yrs ago90.711.8138.72.841.5

Close 5 years ago $US65.39

3.4 Beta & Alpha:

+ Beta: the Beta of Apple stock is 1.1. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.

+ Alpha: the Alpha of the stock is 5.6. The actual return of 32.12% exceeded the expected return of 26.6%, reflecting outperformance.

3.5 The Past Two Years

+ Apple Inc. (NASDAQ:AAPL), extended its gains in the past year, rising an additional $US62.07 (39.9%) to close at $US217.58 today. In the previous year the shares rose $US49.86 (47.2%). The shares have lifted $US111.93 (105.9%) over the past two years, compared with the NASDAQ-100 Index which rose 2,572.1 points (53.5%) in the two years for a relative price increase of 52.4%.

SECTION 4 APPLE RELATED NEWS

4.1 Corporate Bonds

+ Apple bond YTM decreases by 82.8 basis points

Apple Inc (AAPL4336437) bond has lifted $US2.08 (or 2.0%) from its last trading session of August 15, 2018 to close at $US104.58. The bond matures in 2 years and 6 months; its yield to maturity (YTM) has decreased by 82.8 basis points from 2.47% to 1.641%.

4.2 Stock Buzz: Past Week

News DateHeadlinePublisher
Aug 16State Board Of Administration Of Florida Retirement System Has Decreased Apple INC (AAPL) Position by $42.49 Million as Valuation RoseBibey Post
Aug 16Apple Inc. (NASDAQ:AAPL) price target set to $214.00 by MacquarieCLNT
Aug 16Apple accused of pressuring game rivals in Japan: NikkeiInvesting.com
Aug 16Apple Won the Race, But Amazon Owns the CompetitionInvestorPlace
Aug 16Warren Buffett's Berkshire Hathaway loads up on Apple, Teva Pharmaceuticals, Goldman SachsProactiveinvestors
Aug 16Here's Why Apple's Margins Will Be Flat This QuarterYahoo Finance
Aug 16Spectrum Management Group Raised Apple (AAPL) Position; Formula Systems (1985) LTD. Ads Represents 1 Ord (FORTY) Shorts Increased By 40%flecha123.com
Aug 16Berkshire Lifts Stake In Apple -- WSJih.advfn.com
Aug 16As Apple INC (AAPL) Stock Rose, State Board Of Administration Of Florida Retirement System Has Decreased Stakereurope.com
Aug 16Apple INC (AAPL) Share Value Rose While State Board Of Administration Of Florida Retirement System Trimmed Its Positionsouthernconservativedaily.com
Aug 16Apple Inc. (AAPL) Stake Raised by Palisade Capital Management LLC NJtheenterpriseleader.com
Aug 16Profund Advisors Boosted Apple (AAPL) Stake; Plug Power Has 1.07 Sentimenttokoyuri.com
Aug 15Apple: Here s What Three Experts Say About RiskTalkMarkets
Aug 15Spotify and Samsung Are Teaming Up to Take on AppleYahoo New Zealand
Aug 15Apple accused of pressuring game rivals in Japan - Nikkeiuk.investing.com
Aug 14More Big Apple News and Projects as It Now Has a Massive $1 Trillion Market Cap24/7 Wall St.
Aug 14Bloomberg: Verizon nears 5G launch deals with Apple, GoogleSeeking Alpha
Aug 14Berkshire boosts Goldman, Teva stakes; buys more AppleStreetInsider
Aug 13This Is the Biggest Winner From Apple's Q3 2018 Report (Besides Apple)Yahoo Finance India
Aug 13KCM Investment Advisors LLC Buys 433 Shares of Apple Inc. (AAPL)themarketsdaily.com

To view the past 45 days' Stock BUZZ on Apple(AAPL), click here

4.3 Analyst Recommendation: Past Week

DateBrokerageActionCurrent RatingPrice Target
Aug 15, 2018MacquarieSet Price Target210.24214

4.4 Other News

+ BSS/News Bites:

Apple Inc. is placed 585/2176 in BSS News Bites' ranking of NASDAQ performers in the past year, a percentile ranking of 73.

+ Vanguard Total World Stock ETF 2588:

The stock was one of 2588 global stocks selected by Vanguard Total World Stock ETF (VT) who sold 1,608,620 shares in the period May 31, 2018 to Jun 30, 2018 worth $US-302,824,210 at an estimated Volume Weighted Average Price (VWAP) of $US188.2509. As at Jun 30, 2018, the Vanguard Total World Stock ETF held 2 shares worth $US329 or 1,572,863% by value of the ETF's portfolio [Ranked 7 out of 2588 by value and 5 out of 345 for NASDAQ].

SECTION 5 APPLE REPORTED BUYING AND SELLING

5.1 Institutional Buying and Selling Quarter Ended June 30

Total reported Institutional buying = 68,915,890 shares

Total reported Institutional selling = 133,809,846 shares

Net reported institutional selling = 64,893,956 shares

5.2 Reported Holdings of Institutions as at Jun 30, 2018

Total = 2,862,298,734 shares

Market Value = $US528 billion

SECTION 6 APPLE GLOBAL RANKING

Global Rank [out of 47,645 stocks] and Rank of Apple in the American Region [out of 11,858 stocks]

DescriptionValueGlobal RankIn Am Region
Total Assets (US$)375.3B19697
Revenue (US$)232B196
Net Profit (US$)48.4B52
Return on Equity %36.11,247433
Net Profit Margin %21.15,5941,512
Price to Book8.332,6905,489
Price/Earnings19.210,2651,550
Yield %1.317,3113,481
PV1000 (1Year) USD1,4205,8231,906
US$ Change (1Year) %34.55,7621,872

SECTION 7 APPLE SUMMARY FINANCIALS

7.1 Dividend History

+ Trailing 12 months dividend has improved from $US1.81 in 2014 to $US2.72 in 2018.

7.2 Financials Summary (Past 3 years)

Year endedSep 2017Sep 2016Sep 2015
Sales (USD B)232217233.7
Pretax (USD B)64.161.472.5
Net (USD B)48.445.753.4
EPS (USD)9.218.319.22

+ Net profit was up 5.8% from US$45.7 billion in 2016 to US$48.4 billion in 2017.

+ Earnings Per Share (EPS) was up 10.8% from $US8.31 to $US9.21.

SECTION 8 APPLE PROFILE

8.1 Activities

Apple Inc. designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers.

8.2 Top Management

The chairman is Arthur D. Levinson, the chief executive officer is Timothy D. Cook and the chief financial officer is Luca Maestri.

8.3 Issued Capital

Based on 4,915,138,000 issued shares the market capitalisation is $US1,069.4 billion.

COMPANY IDENTIFIERS

Contact: +1 408 996-1010

Physical Address: 1 Infinite Loop, Cupertino, CA,95014

State/Province/Country: CA, United States

Country of Incorporation: United States

Industry [NAICS]: 334220

Exchange: NASDAQ

Economic Sector: Technology

Business Sector: Technology Equipment

Industry Group: Computers, Phones & Household Electronics

Industry: Computer Hardware

Activity: Computer Hardware - NEC*

* NEC: Not elsewhere classified

ISIN: US0378331005

O:AAPL; AAPL.O

PermID: 4295905573

RIC: AAPL.O

CIK: 320193

CUSIP: 037833100

Apple Inc, Apple, Inc

Source: www.BuySellSignals.com