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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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Take Five: Davos goes virtual

01/22/2021 | 07:41am EST
FILE PHOTO: An investor walks past an electronic board displaying live market data at a stock broker's office in central Bangkok

1/NON-DAVOS DAVOS

It is the end of January, so time for the Davos World Economic Forum (WEF), and Chinese President Xi Jinping, German Chancellor Angela Merkel, Japanese Prime Minister Yoshihide Suga and European Central Bank chief Christine Lagarde are among this year's big-name speakers.

But Davos was not spared the pandemic hit; instead of gathering at the Swiss ski resort, the world's great and good will do so virtually.

With the global economy deep in crisis, there is no shortage of topics: soaring unemployment and debt levels, growing income inequality and climate change.

And, like everyone else, the WEF is pinning hopes on normality returning - it plans a face-to-face meeting in Singapore in May.

Davos https://fingfx.thomsonreuters.com/gfx/mkt/jbyvrnxlmve/Davos.PNG

2/FAANGS RETURN

Outpaced by a late-2020 surge in so-called value stocks, tech shares have roared back amid the pandemic's unrelenting march. That is reflected in recent hefty gains for Russell's 1000 "growth" index versus its value counterpart.

The gains could extend when Apple, Microsoft and Facebook report earnings. Also on deck is Tesla, which recently joined the S&P 500.

The results could push the combined market capitalisation of the FAANGs - Facebook, Amazon, AAPL Netflix and Google-parent Alphabet - back above their all-time peak of $6.16 trillion.

Netflix has done its part; robust subscription numbers reported on Jan. 19 have boosted its shares 17%. Now there are high expectations for the rest. Morgan Stanley has boosted the price target for Apple, declaring themselves "buyers ahead of what we expect to be a record December quarter print". Microsoft reports on Jan. 26, followed by Apple, Facebook and Tesla a day later.

The return of the FAANGs

3/RED ENVELOPE FOR HONG KONG

Record amounts of Chinese money are flowing into Hong Kong stocks, pushing the Hang Seng index above the 30,000 mark, making it a global top performer and putting a floor under Chinese companies blacklisted by Washington.

The inflows have also pushed Hong Kong interbank rates to multi-year lows, meaning authorities may not even need to inject cash, as they usually do in the run-up to February's Lunar New Year holiday.

An upcoming $5 billion IPO from Chinese online video company Kuaishou may draw in even more mainland money.

For a city rocked by pro-democracy unrest since 2019, this endorsement of its markets is a positive. Unless, that is, one views this as another sign of China's growing political and financial stranglehold on the special administrative region.

Mainland investors hunt for bargains in Hong Kong https://fingfx.thomsonreuters.com/gfx/buzz/xlbvgylqevq/mainland%20investors%20hunt%20for%20bargains%20in%20Hong%20Kong.jpg

4/DRIVING OUT EUROPE INC BLUES

Europe's STOXX 600 firms are expected to report a 26% earnings drop during the Q4 season which has just got under way. But that is history - let's look instead at the January-March 2021 season when a 44% profit jump is predicted.

Such a surge seems intriguing given new continent-wide lockdowns. The explanation lies in consumer cyclicals, which Refinitiv I/B/E/S predicts will post an eye-popping 3,118% profit gain, versus the pandemic doldrums of Q1 2020.

Drilling down to single stocks, Daimler (1,471%), Fiat Chrysler, now Stellantis (177%) and Volkswagen (602%) turn out to be the largest contributors. Carmakers have seen their biggest earnings revisions in a decade and boosting shares to 14-month highs.

Autos https://fingfx.thomsonreuters.com/gfx/mkt/qzjvqmnwxvx/Autos%20hold%20key.JPG

5/SILVER LININGS

The coming week brings prelimary Q4 GDP data from France, Spain and Germany. Okay, the data is outdated and we already know the first quarter will show an activity dip from lockdown extensions. But let's not be too hasty in dismissing the end-2020 numbers.

If the economies fared better than expected, it provides a cushion for the blow coming this quarter - that is the conclusion some reached after 2020 growth in powerhouse Germany turned out less bad than feared.

Also pay attention to Germany's January inflation numbers, out Thursday. Those could show that a reversal in VAT cuts is easing the downward pressure on prices. In short, amid the pain inflicted by lockdowns, some positives might well lurk.

Germany's GDP data set for a bumpy ride https://fingfx.thomsonreuters.com/gfx/mkt/xlbvgyjmmvq/theme2201DR.PNG

(Reporting by Ira Iosebashvili in New York; Vidya Ranganathan in Singapore; Karin Strohecker and Dhara Ranasinghe in London; Danilo Masoni in Milan; compiled by Sujata Rao)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.15% 2083.81 Delayed Quote.18.90%
APPLE INC. -0.41% 125.35 Delayed Quote.-5.53%
DAIMLER AG 0.85% 66.49 Delayed Quote.13.93%
DJ INDUSTRIAL 1.35% 31961.86 Delayed Quote.3.04%
FACEBOOK INC -0.58% 264.31 Delayed Quote.-3.24%
HANG SENG 1.41% 30121.83 Real-time Quote.12.75%
MICROSOFT CORPORATION 0.55% 234.55 Delayed Quote.4.88%
MORGAN STANLEY 3.07% 79.88 Delayed Quote.13.09%
NASDAQ 100 0.81% 13302.188717 Delayed Quote.2.60%
NASDAQ COMP. 0.99% 13597.965876 Delayed Quote.4.48%
NETFLIX, INC. 1.33% 553.41 Delayed Quote.2.35%
S&P 500 1.14% 3925.43 Delayed Quote.3.34%
SILVER -0.36% 27.8258 Delayed Quote.5.00%
STELLANTIS N.V. 0.65% 13.672 Real-time Quote.0.00%
STOXX EUROPE 600 0.08% 413.51 Delayed Quote.3.08%
TESLA, INC. 6.18% 742.02 Delayed Quote.5.15%
VOLKSWAGEN AG 0.05% 172.84 Delayed Quote.13.25%
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Financials (USD)
Sales 2021 333 B - -
Net income 2021 74 750 M - -
Net cash 2021 58 731 M - -
P/E ratio 2021 28,3x
Yield 2021 0,68%
Capitalization 2 104 B 2 104 B -
EV / Sales 2021 6,13x
EV / Sales 2022 5,87x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 149,33 $
Last Close Price 125,35 $
Spread / Highest target 39,6%
Spread / Average Target 19,1%
Spread / Lowest Target -33,8%
EPS Revisions
Managers and Directors
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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