AAPL Archives - FaithMight

August 23, 2023August 23, 2023

Apple, Microsoft Reach All-Time Highs

Apple is an American multinational technology company in the USA. Apple is the world’s largest company by revenue, with $383.93 billion in 2023. Microsoft on the other hand is also an American multinational technology corporation, with a revenue of $211.91 billion. These two companies are part of the Big five American information technology companies alongside Alphabet, Amazon and Meta Platforms.

Based on market cap, Apple and Microsoft lead the companies globally with $2.738 Trillion and $2.366 Trillion respectively. The year 2022 was not a good year for Apple investors as price dipped to $124.44, from the highs of $174.44. The year 2023 has shown relief for investors after price jumped from the support level of 124.44. The rally this year has made the share price of Apple reach an all-time high of $198.50.

Microsoft also had a major bearish run in 2022 as price fell from the high of $350.02 to $211 in November 2022. The bounce in 2023 has made the share price of Microsoft reach an all-time high of $367 in July 2023. For both stocks, a correction has occurred this month. We might see a continued price rally in the coming weeks as $AAPL cold reach $195 per share from the current $174.74, and Microsoft could reach $340 from the current price of $319.

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February 8, 2023February 8, 2023

Apple Share Price Continues To Rally

The American multinational technology company, Apple has shown a sign of relief from the bearish turn in the second half of 2022. Apple was founded about five decades ago. Over the years, the Apple team comes with new advancement in technology regularly. As of 2022, Apple has over 164,000 employees with a revenue of $394.33 billion. Apple’s market cap is currently $2.45Trillion and its current share price is $154.65.

According to data, Apple is the world’s most valuable company by market cap. In the last one year, Apple has lost 11.65% in its value. The drop in price of $AAPL started at the beginning of the 2022, which coincidentally was the day the all-time high was reached at $183. Price fell to $126.41 in December. Which was the lowest price in 2022. Price was able to bounce to $147 in January 2023 from the 2022 low of $126.41. This rally might continue until price reaches the psychological level of $160 in the coming weeks.

November 8, 2022November 8, 2022

Apple and Saudi Aramco Still Above $2Trillion Market Cap Despite Market Dip

The world is yet to fully recover from the damage Covid-19 wreaked on the stock market. A few companies have been able to increase their market capitalization despite the global economic downturn during and post global lockdown. Only four companies have a market capitalization of over one trillion dollars. These companies are Apple ($2.201 trillion), Saudi Aramco ($2.046 trillion), Microsoft ($1,650 trillion) and Alphabet ($1.121 trillion).

As of January 2022, Apple became the first publicly traded company to reach $3trillion. Both Amazon and Tesla have surpassed $1trillion in the past, but due to the recent stock market crash, their market caps are currently at $928.15Billion and $645.43Billion respectively. The first company to ever reach $1trillion market cap was PetroChina but the gas company is currently at #122.05Billion in market cap.

Saudi Aramco tops the list of highest earners among the publicly traded companies with $279.3Billion. With the hike in inflation rate in many countries of the world, the stock market might not appreciate this year. The next major rally for global stocks could occur in 2023. By this time, we will have more companies with market cap of over $1trillion.

September 2, 2022September 2, 2022

Apple Share Price Drops

Stock prices generally dropped in the last few days. The opening price of Apple at the beginning of this year was at $177.94. The least price of $AAPL in the first quarter was at $150. The support level at $150 was not maintained in the second quarter as price of $AAPL fell to a new low at $129.04 mid-June. This fall might just be a correction. Apple investors had a sign of relief in the last two weeks of June when a bounce from 2022’s low at $129.04 reached $176.02. The past few days has not been favorable for Apple investors as price fell.

Apple has been known for privacy, hence the reason for the increase in sales year-in, year out. Just yesterday, the news of Apple’s Chief Privacy Officer, Jane Horvath leaving the company for a law firm was released. Horvath joined the company in 2011. This could have resulted in the recent fall in Apple’s share price. There could be price recovery in the next few weeks, as price could bounce to $173 from its current price at $156. RSI on the 4hr Chart shows price is oversold.

March 28, 2022March 29, 2022

Apple To Hit A New All-Time High

Apple hit a new all-time high of $182.93 on the 4th of January, 2022. Long-term Apple investors were able to benefit substantially from the new all-time high. The rally to the all-time high could not be sustained for long as the price of $AAPL slumped to a support level at $150.80. This could have been a result of the ongoing war between Russia and Ukraine; or the increase in inflation rate in the US. Over the last decade, $AAPL share price has been on a bullish run with few price corrections. Late into January and the whole of February 2022, there was a correction in Apple’s share price but this dip did not terminate the bullish streak.

Since mid-March 2022, the $AAPL bulls began to push price higher after an inverted hammer was formed on the 14th of March, 2022. The price of $AAPL closed at $149.66 on the day the inverted hammer was formed. The second and third week of March 2022 have shown that the bulls are about to push the price to a new all-time high in the next quarter. On the week of the 26th of March, $AAPL closed at $174.72, which was over a $25 increase in the price of Apple shares. This recent bullish trend is giving investors confidence in Apple as they hope that the price continues its rally.

January 5, 2022January 5, 2022

Apple Market Cap Hits $3Trilliion

Apple becomes the first company in America to reach the new milestone of $3Trillion Market Cap. The technology company has done tremendously since the pandemic. The pandemic lowest price was $53.32. The current price stands at $179.70 which is a day after the all-time high at $182.93 was reached. Therefore, investors have gained about 3x since the pandemic low. Since Tim Cook became the CEO of Apple on the 24th of August 2011, there has been a massive rally in the share price of Apple. He has been able to achieve about 10X in the last decade. The market cap has jumped from $340billion to $3Trillion. Apple investors have been enjoying a jolly ride due to good leadership.

In December 2021, our analysts concluded that the price of $AAPL should reach a new all-time high, which might eventually take the market cap to $3Trillion as a result of continuous profit-making. Going forward, a correction might occur which leads to the market cap dropping from $3Trillion. Apple’s share price might drop about 18% in the coming weeks, which might eventually bring the share price down to $149.07, a level below the September 2021 all-time high of $157.55. Since the latter months of 2019, the price of Apple has been overbought multiple times, as the price only had a few corrections. Meanwhile, there is no indication of price reversals.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

December 10, 2021December 14, 2021

Apple Investors Continue To Make Profit

This week is the best week so far for Apple since the beginning of the year. The share price appreciated on Wednesday by over 2.8%. It has been up 8% this week and about 6% this month. The supply chain shortages are getting worse though as Apple completely stops iPhone production in China for the first time in a decade.

Just like many other stocks, Apple’s share price dipped during the lockdown from then $81.53 to $53.65, which was a 34% loss in value at that time. As the lockdown was eased last year, the price has continued to rally from the lowest price level at $53.65 to a new all-time high this month at $176.65. That is over 2X gain since the ease of lockdown. The last year has been the best year for the Apple investors as more gains are made. The current market cap for Apple is $2.86 trillion. Apple could be the first company to reach the $3trillion market cap.

Now that Apple has completely stopped the production of Iphones in China, this might lead to the share price taking a break from the rally. Apple has been sued over Apple watch defect that poses hazards to customers. RSI has shown that the price has been overbought twice between November and December. Price is currently in the upper region of the Bollinger bands, a correction might occur if the Omicron virus poses a major threat to the global populace.

January 23, 2019February 24, 2020

Hope For Apple Bulls

$AAPL lost all its gains in 2018 starting in November. This might be due to the on-going trade wars. Since this fall in price, $AAPL shares reached 145.82. Before the huge fall in $AAPL share price, it had been overbought a few times. Using the weekly chart, price of $AAPL has been in the upper region of the Bollinger bands since August 2016 before it changed to the lower section of the bands in November 2018. $AAPL reached an all time high of 228.39 in September 2018.

The fall in $AAPL share price made the RSI show an oversold position. The trendlines are already broken showing a bullish reversal. Though price sits comfortably in the lower region of the Bollinger bands, it is yet to fully reverse. From now, the activities of buyers might make the $AAPL shares to rise to 188.07 from its current 155.17. Ichimoku’s future still shows price is on the downtrend. However, the support level 145.82 is yet to be broken downward despite price retesting the level in the past four weeks. This could be an indication that $AAPL bulls are about to launch their efforts.

November 29, 2018February 24, 2020

Apple Gaining Momentum For A Rise

The face-off between the $AAPL bears may soon come to an end due to trade wars. In September, we saw a future fall in $AAPL shares. The fall in price was about 4500points before finding a new support at 170.48. The fall between October and November made $AAPL to lose 78.89% of its gain made in 2018. The second half of the year has been full of volatility in the $AAPL shares price movement.

Price undoubtedly has been oversold on the RSI, showing that sellers have been relentless. But this may be a good time now for $AAPL bulls. Price has broken out of the trendlines, and might likely reach 210.60 from 178.19. Before the end of the year, about 3000points might be gained back out of the total points lost if more buyers become active. $AAPL has been considered one of the cheapest stocks now after the oversold position was reached. This might be the right time for investors to take a position in $AAPL.

Source: These 3 Value Stocks Are Absurdly Cheap Right Now. (NASDAQ)