US Nasdaq stock report - Apple

USA

Apple increases, lifts 2.8% for week June 23, 2017 16:00 EDT

NEWS BITES - NORTH AMERICA

Apple Inc. (NASDAQ:AAPL), NASDAQ's largest Computer integrated systems company by market cap, has increased 65.0c (0.4%) from its last trading session of June 22 to close at $US146.28. Compared with the NASDAQ-100 Index which rose 23.2 points (0.4%) in the day, the relative price increase was 0.05%. The rise has been propped up by firm volume of 1.2 times the average daily volume of 30.1 million shares. The stock lifted 2.8% in the past week.

APPLE ISSUED 52 NEW PATENTS IN THE WEEK OF JUNE 20, 2017

Apple (AAPL) has been issued 52 new patents by the US Patent and Trademark Office. For details see Section 9

SECTION 1

APPLE BULLISH SIGNALS

1.1 Fundamentals:

+ The relative yield of the stock, defined by its yield of 1.6%, divided by average yield of dividend yielding stocks in the NASDAQ-100 Index of 1.1% is 141.6%. This suggests the stock is undervalued in dividend yield terms.

+ Total Liabilities/EBITDA of 2.7 is comfortably below the Joseph Piotroski benchmark of 5.

+ Net profit margin has averaged 21.9% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity is high at 35.6%. This is computed as net profit margin of 21.2% times asset turnover [sales/assets] of 0.67 times leverage factor [total assets/shareholders' equity] of 2.5.

1.2 Technicals:

Uptrend: The stock rose on high volatility today and expanding price range.

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

+ The present value of $US1,000 (PV1000) invested one year ago in Apple is $US1,582, comprising a capital gain of $US552 and dividend reinvested of $US30.

PV$10001-week1-month1-year
AAPL.NASDAQ1,0289511,582
NASDAQ-100 Index1,0229981,299

+ The present value of USD1,000 (PV1000) invested thirty years ago in Apple is $US120,169, including a capital gain of $US106,972 and dividend reinvested of $US12,197.

+ 30 years Multiplier in USD = 120.169x

+ Compound Annual Growth Rate (CAGR) in USD = 17.1%

1.3 Short Selling:

+ The current short volume is 0.8 times its own historical average of 0.1%.

1.4 High Performance Indicators:

DescriptionValueRank In Market
Today's Turnover$US5.2 billionIn Top 1%
Revenue Per Employee$US1.9 millionIn Top 6%
Return on Assets [ROA] %14.2In Top 9%
Return on Capital Employed [ROCE] %25.3In Top Quartile
Volatility %1.4In Top Quartile

SECTION 2

APPLE BEARISH SIGNALS

Fundamentals:

+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.4. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

+ Revenue and Net Profit growth have shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]

QtrRevenue GrowthNet Profit GrowthNet Profit Margin
Apr 17-33.2-38.420.9
Dec 166998.522.8

5-years average annualized earnings growth rate of 16.0%

+ Revenue growth and Earnings per share growth have shown signs of deterioration in recent years. [Year ended, all figures in %]

YearRevenue GrowthEPS Growth
Sep 16-7.7-9.9
Sep 1527.942.9

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ Volume: there were 35,405,000 shares worth $US5.2 billion traded today. In the past week, volume was 0.9 times average and the shares were up 2.8%. The rise has been propped up by firm volume of 1.2 times the average daily volume of 30.1 million shares.

+ Apple is at a discount of 6.6% to its 12-month high of $US156.65 on May 15. It is also at a premium of 62.8% to the 12-month low of $US89.88 on June 27, 2016.

3.2 Moving Annual Return

AAPLClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
June 23146.282.3455.22.557.7
1 Yr ago94.252.13(23.2)1.7(21.4)
2 Yrs ago122.641.9341.82.244.1
3 Yrs ago86.461.7858.63.361.9
4 Yrs ago54.521.57(27.4)2.1(25.3)

3.3 Beta:

+ 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.

3.4 Turnover Rate & Turnover Period:

+ The turnover rate in the 12 months to date was 119.7% (or a turnover period of 10 months). This average length of ownership of the stock at 1.3 times the average holding period of 7 months for stocks in the NASDAQ-100 Index suggests a larger number of core investors, making a long-term investment safer.

SECTION 4

RANKING

4.1 Global Rank [out of 47,453 stocks] and Rank in the American Region [out of 12,865 stocks]

DescriptionValueGlobal RankIn Am Region
MCap (US$)762.7B11
Total Assets (US$)321.7B199100
Revenue (US$)215.6B146
Net Profit (US$)45.7B22
Return on Equity %35.61,190412
Net Profit Margin %21.25,2801,473
Price to Book6.428,7525,218
Price/Earnings17.19,9271,865
Yield %1.613,0582,997
PV$1000 (1Year) US$1,5826,5371,660
US$ Change (1Year) %55.06,5341,679

4.2 Independent Ratings

Apple Inc. was ranked 1 in Boston Consulting Group's list of Top 50 Most Innovative Companies 2015; unchanged over a year from the same rank 1 in 2014.

It was ranked 1 by MCap as at March 31, 2015 by PwC in the Top 100 Global companies; an improvement over 6 years from rank 33 as at March 31, 2009.

It was ranked 5 by total revenues in the Fortune 500 annual list for 2014; an improvement over a year from rank 6 in 2013.

It is the 11th largest by revenue in the Forbes Global 2000.

It is the 13th largest by revenue in the FT Global 500.

It was ranked 13 in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2015; an improvement over a year from rank 15 in 2014.

It was ranked 26 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016. It had outstanding scores of 96.3% in Carbon productivity, 95.8% in Water productivity and 94.2% in Waste productivity.

It is the 28th largest by revenue and largest by MCap among the PwC Global Software Leaders.

It was ranked in Citi's Top 50 global cash cows with reinvest-to-payout ratio of 0.28.

It is ranked in the Top 100 innovators by Clarivate Analytics.

It is placed 409/2265 in BSS News Bites' ranking of NASDAQ performers in the past year, a percentile ranking of 82.

SECTION 5

APPLE FINANCIALS

5.1 Financials Summary

Year endedSep 2016Sep 2015Sep 2014
Sales (USD B)215.6233.7183.8
Pretax (USD B)61.472.553.5
Net (USD B)45.753.439.5
EPS (USD)8.319.226.45

5.2 Trailing 12 Months Dividends

Trailing 12 Months ToValue ($US)
23 Jun 20172.34
23 Jun 20162.13
23 Jun 20151.93
23 Jun 20141.78
23 Jun 20131.57

SECTION 6

APPLE CORPORATE BONDS

6.1 Time [Yrs Mo Days] and Yield to Maturity as on Jun 22, 2017

CUSIPTime to MaturityYld (%)Treasury (%)Spread (%)YTM Chng 3 Mo (bps)Moody'sS&P
037833AS96 yrs 10 mo 13 d2.651.980.67-27Aa1AA+
037833AQ31 yr 10 mo 13 d1.521.350.17-11Aa1AA+

6.2 Key Statistics

MaturityYield to maturity %Yrs to Maturity% Rise/Fall 3-mo
May 20181.290.870.07
May 20191.521.870.09
May 202123.870.83
May 20232.515.871.04
May 20242.656.871.53

6.3 Yield Curve - Apple Bond vs US Treasury

Years to MaturityApple Bond Yield (%)Treasury Yield (%)Spread to Treasury(Basis Points)
21.521.3517
72.651.9966

The yield curve is upward sloping which is typical. The term premium between the yield of a 7-year Apple Inc. bond of 2.65% and the yield of a 2 year bond of 1.52% is 1.13%. Further, the yield curve is flattening from a term premium of 1.33% a month ago to a current level of 1.13%. This indicates investor expectations of falling inflation and/or decreasing demand for longer-term bonds. In comparison, the term premium of Treasury is 0.64%, down from 0.77% a month ago.

SECTION 7

APPLE PROFILE

7.1 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.

7.2 Industry & Sector

Classification LevelName of Sector
Business SectorTechnology Equipment
Industry GroupComputers, Phones & Household Electronics
IndustryComputer Hardware
ActivityComputer Hardware - NEC*
Economic SectorTechnology

* NEC: Not elsewhere classified

7.3 Top Management

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

7.4 Issued Capital

Based on 5,213,840,000 issued shares the market capitalisation is $US762.7 billion.

SECTION 8

REPORTED BUYING AND SELLING

8.1 Insider Selling

June 09: Apple insider sells

Apple (NASDAQ:AAPL) insider Dan Riccio sold 11,949 shares worth $US1,855,936 on June 07. The selling price was $US155.32. The shares hit a one-month high on the day.

June 06: Apple insider sells

Apple (NASDAQ:AAPL) insider Luca Maestri sold 4,757 shares worth $US735,898 on June 02. The selling price was $US154.70. The shares hit a 17-day high on the day.

May 30: Apple insider sells

Apple (NASDAQ:AAPL) insider Johny Srouji sold 5,447 shares worth $US839,219 on May 25. The selling price was $US154.07.

May 30: Apple insider sells

Apple (NASDAQ:AAPL) insider Johny Srouji sold 4,572 shares worth $US703,311 on May 30. The selling price was $US153.83. The shares hit a seven-day high on the day.

May 25: Apple insider sells

Apple (NASDAQ:AAPL) insider Federighi Craig sold 24,000 shares worth $US3,670,800 on May 24. The selling price was $US152.95. The shares hit a five-day low on the day.

8.2 Institutional Buying and Selling Quarter Ended March 31

Total reported Institutional buying = 493,985,067 shares

Total reported Institutional selling = 96,882,327 shares

Net reported institutional buying = 397,102,740 shares

8.3 Reported Holdings of Institutions as at Mar 31, 2017

Total = 3,182,549,276 shares

Market Value = $US455.3 billion

SECTION 9

APPLE PATENTS

Issued June 20, 2017

Progressive rotational view [9,684,440]

Associating a URL or link between two applications [9,684,501]

Register renamer that handles multiple register sizes aliased to the same storage locations [9,684,516]

Method and apparatus for handling security of an application and its extension [9,684,547]

Reference representation and transformation in collaborative documents [9,684,646]

Link aggregator for an electronic display [9,684,942]

Method of image processing for an augmented reality application [9,685,004]

Display with semiconducting oxide and polysilicon transistors [9,685,469]

Different lightly doped drain length control for self-align light drain doping process [9,685,557]

Automatic digital camera photography mode selection [9,686,469]

Adaptive black-level restoration [9,686,448]

Apparatus and methods for storing electronic access clients [9,686,076]

Method and system using relays with aggregated spectrum [9,686,061]

Radio frequency system hybrid power amplifier systems and methods [9,685,981]

Power converters [9,685,880]

Detection of coil coupling in an inductive charging system [9,685,814]

Electronic device with near-field antenna operating through display [9,685,690]

Displays having polarizing structures formed using narrowband dichroic dyes [9,685,635]

Display screen or portion thereof with graphical user interface [D789,989]

Display screen or portion thereof with animated graphical user interface [D789,969]

Display screen or portion therof with animated graphical user interface [D789,964]

Display screen or portion thereof with animated graphical user interface [D789,960]

Keyboard [D789,934]

Electronic device [D789,926]

Electronic device [D789,924]

Band [D789,822]

Cross-carrier scheduling [9,686,773]

Methods and apparatus for power consumption management during discontinuous reception [9,686,750]

Systems and methods for intelligent frequency selection in carrier aggregation enabled networks [9,686,740]

Methods and apparatus for configuration of femtocells in a wireless network [9,686,738]

Systems and methods for facilitating intra-cell-peer-to-peer communication [9,686,681]

Rate-estimation for encoding rate control [9,686,556]

Camera pair calibration using non-standard calibration objects [9,686,539]

Pixel binning in an image sensor [9,686,485]

Scene stability detection [9,686,470]

User interface for providing consolidation and access [9,684,436]

Sharing media content [9,684,431]

Device, method, and graphical user interface for managing concurrently open software applications [9,684,429]

Button functionality [9,684,394]

Mobile electronic device with an adaptively responsive flexible display [9,684,341]

Display having a flexured element [9,684,196]

Upright mounted camera actuator component with trapezoidal magnet for optical image stabilization [9,684,184]

Imaging range finder fabrication [9,683,841]

Metal surface and process for treating a metal surface [9,683,305]

Insert molded parts and methods for forming the same [9,682,500]

Disassembly fixture, apparatus, and method for an electronic device [9,682,451]

Table display system [9,681,759]

Organic light-emitting diode display with color filter layer [9,685,486]

Integrated circuit package [9,685,425]

Easily computable object representations [9,684,999]

Data protection for keychain syncing [9,684,801]

Systems having discrete and continuous gesture recognizers [9,684,521]

To view more details on these Patents, click here

SECTION 10

STOCK BUZZ

10.1 Latest Buzz

News DateHeadlinePublisher
Jun 22, 2017E&G Advisors LP Has $3.54 Million Stake in Apple Inc. (AAPL)ekosvoice.comJun 22, 2017Apple Inc. (AAPL) Given Average Rating of "Buy" by Brokeragesfumbleboard.comJun 22, 2017Apple Inc (NASDAQ:AAPL) Institutional Investors Sentiment Index Dive in 2016 Q4hoyentv.comJun 22, 2017Apple's (AAPL) "Outperform" Rating Reiterated at Cowen and ismboard.comJun 22, 2017After dispute with Apple, chip maker Imagination Technologies puts itself up for saleonenewspage.comJun 22, 2017Argentiere Capital Ag Trimmed Apple (AAPL) Stake By $24.15 Million; Carbonite (CARB) Has 1.85 Sentimentthe Bibey Post
Jun 21, 2017Apple : The Most Lucrative Wireless Industry Opportunities on the Planet4 TradersJun 21, 2017Long-Term Fundamentals, Brand Make Apple a Fantastic Long-term playBayStreetJun 21, 2017The Latest On Apple's Legal Battle With QualcommBenzingaJun 21, 2017Apple Tops Yet Another List, As They Are Crowned Largest IT Vendor In The WorldDazeinfoJun 21, 2017Apple, Inc. as a Dividend Stock: Still a Top PickNWIJun 21, 2017Apple Inc. (NASDAQ:AAPL) seeking to void some of Qualcomm s patent benchmarkmonitor.comJun 21, 2017Apple Adds Virgin T U.S. Carrier Lineup As Virgin Ditches Andr idnewscame.com
Jun 20, 2017Apple cranks up $1 billion lawsuit against QualcommThe Business JournalJun 20, 2017Apple Incorporated (NASDAQ:AAPL)'s Stock Is Sell After More Market Sellingibusinesslines.comJun 20, 2017Apple Steps Up Legal Battle With Qualcommih.advfn.comJun 20, 2017Morgan Stanley Analyst Is Wrong About Tesla Becoming Larger Than Appleprofitconfidential.com
Jun 19, 2017Boeing Replaces Apple as DJIA s Best Performing Stock in 201724/7 Wall STJun 19, 2017The Apple Inc. (AAPL) Shares Sold by Sheets Smith Wealth Le Camp des recruesJun 19, 2017Apple P2P Payments Aren't a Threat to PayPal or SquareLincoln Journal StarJun 19, 2017Drexel Hamilton Reaffirms Buy Rating for Apple Inc. (AAPL)frozenmail.netJun 19, 2017Watch for Shares of Apple (AAPL) to Approach Resistance at $145.29mysmartrend.comJun 19, 2017Apple Inc. (AAPL) Given New $175.00 Price Target at Argusnolopodrasdejardever.comJun 19, 2017Apple, U.S. Steel Stocks See Surging Weekly Options Volumeschaeffersresearch.comJun 19, 2017Miles Capital Inc. Increases Stake in Apple Inc. (AAPL)themarketsdaily.com

10.2 Analyst Recommendations: Past Fortnight

DateBrokerageActionPast RatingCurrent RatingPrev TargetPrice Target
Jun 21, 2017Goldman Sachs Group, Inc. (The)Reiterates-Buy-170
Jun 19, 2017Maxim GroupRaises TargetBuyBuy171180
Jun 16, 2017Morgan StanleyReiterates-Overweight-177
Jun 16, 2017Cowen and CompanyReiterates-Outperform-160
Jun 16, 2017Barclays PLCReiterates-Equal Weight-123

10.3 Corporate Wire

To view Recent Company Headlines, click here

June 16: Jamie Erlicht & Zack Van Amburg Joining Apple to Lead Video Programming

June 06: Apple: iMac Pro, the Most Powerful Mac Ever, Arrives This December

June 06: Apple: HomePod Reinvents Music in the Home

June 06: Apple: iOS 11 Brings Powerful New Features to iPhone & iPad This Fall

June 05: Apple Unveils All-New App Store

Contact: +1 408 996-1010

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

State/Province/Country: United States

Country of Incorporation: United States

Industry [NAICS]: 334220

Exchange: NASDAQ

ISIN: US0378331005

O:AAPL; AAPL.O

PermID: 4295905573

CIK: 320193

CUSIP: 037833100

Apple Inc, Apple, Inc

Source: www.BuySellSignals.com