APPLE Weekly Special Report based on 1.00 Lot Calculation:
APPLE: ANALYSIS AND EVENTS
● Apple is the most valuable company in the world and the first company ever to reach a market capitalization of 3 trillion dollars, which is almost equal to the Indian GDP of $3.5 trillion (the 5th largest economy in the world by GDP).
● PRODUCTS: iPhone (smartphones), iPad, Apple Watch, Mac and Apple TV.
SMARTPHONE MARKET SHARE:
1. Apple (iPhone): 30.44%
2. Samsung: 26.10%
3. Xiaomi: 11.72%
4. Huawei: 4.12%
5. Others: 27.62%
Source: GS Statcounter
● SERVICES: Music, movies, TV shows, stickers and App purchases.
● EVENT: Q4 2023 EARNINGS RELEASE (EXPECTED: FEBRUARY 2, 2024): Historically, Apple's Q4 Earnings Releases have consistently exhibited remarkable positivity, with an upward trend since 2018. On average, the company has witnessed a substantial 45.66% increase in revenue compared to the preceding quarter, highlighting its robust performance and strong market position during the year-end period.
Source: Bloomberg
● US HOLIDAY SEASON: Holiday season in the US starts on Thanksgiving and lasts until the end of the year. In that period, Christians celebrate Christmas, Jews celebrate Hanukkah. During that time, customers buy gifts for their family members, hence, shopping is significantly increased. AMERICANS PLAN TO SPEND AN AVERAGE OF $975 ON CHRISTMAS SHOPPING THIS YEAR - up $100 from last year, new survey finds (Source: Gallup). Last year the holiday spending average was $867 - and the years prior had seen similar averages in the mid $800 range.
Source: Bloomberg
Please note that past performance does not guarantee future results.
● ANALYST OPINION: Wedbush forecasts $250. Citi forecasts $230. JPMorgan forecasts $225. GoldmanSachs forecasts $227. Morgan Stanley forecasts $220.
#APPLE, December 14, 2023
Current Price: 198.00
|
Apple |
Weekly |
|
Trend direction |
|
|
260.00 |
|
|
240.00 |
|
|
220.00 |
|
|
180.00 |
|
|
175.00 |
|
|
170.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
|
||||||
|
Profit or loss in $ |
6,200.00 |
4,200.00 |
2,200.00 |
-1,800.00 |
-2,300.00 |
-2,800.00 |
|
Profit or loss in €² |
5,680.83 |
3,848.30 |
2,015.78 |
-1,649.27 |
-2,107.40 |
-2,565.54 |
|
Profit or loss in £² |
4,897.20 |
3,317.46 |
1,737.72 |
-1,421.77 |
-1,816.70 |
-2,211.64 |
|
Profit or loss in C$² |
8,340.58 |
5,650.07 |
2,959.56 |
-2,421.46 |
-3,094.09 |
-3,766.71 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 11:00 (GMT) 14/12/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
- You may wish to consider closing your position in profit, even if it is lower than suggested one
- Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details