Apple Inc. : The underlying trend is in force again

03/09/2020 | 10:16am EST

David Meurisse

long trade on a pullback Conditional Order Terminated

Entry price : 204$ | Target : 289$ | Stop-loss : 169$ | Cancellation Level : 279$ | Potential : 41.67%

The timing appears opportune to go long in shares of Apple Inc. as we anticipate another pick-up in the underlying trend. Investors should buy the stock at current prices near $ 204 in order to target the $ 289.

Summary

• The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
• In a short-term perspective, the company has interesting fundamentals.

Strengths

• Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
• Thanks to a sound financial situation, the firm has significant leeway for investment.
• The group usually releases upbeat results with huge surprise rates.
• Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
• Over the last twelve months, the sales forecast has been frequently revised upwards.
• For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
• For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
• Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
• The tendency within the weekly time frame is positive above the technical support level at 227.63 USD

Weaknesses

• With an enterprise value anticipated at 4.24 times the sales for the current fiscal year, the company turns out to be overvalued.
• The company is not the most generous with respect to shareholders' compensation.

© MarketScreener.com 2020

	Stocks mentioned in the article	Change	Last		1st jan.
	APPLE INC.	-1.37%	127.14		-2.85%
	AT HOME GROUP INC.	-2.95%	22.73		47.02%
	BYD COMPANY LIMITED	-1.29%	245.8		20.96%

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