Apple
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google.
FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX .
If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry.
The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name).
These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself.
The origins of FAANG
FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web.
Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues.
So the acronym became FAANG, and it's remained so.
The five stocks of FAANG
They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well.
👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result.
👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance.
👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months.
👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM.
👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months.
Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market.
Twelve months performance of FX:FAANG components vs S&P500 Index
The bottom line
The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
Apple: Bullish Seasonal Growth ExpectedApple Inc. (AAPL) is trading at $230.54 and higher in the pre-market session, continuing to demonstrate strength as the price embarks on a seasonal growth trajectory that is projected to persist through the first two weeks of August. This anticipated bullish upside aligns with our in-depth analysis of market trends and seasonal patterns.
A significant factor driving this optimistic outlook is the positioning of various market participants. Large speculators, typically institutional investors and hedge funds, are currently holding long positions on Apple. This suggests a strong confidence in the stock’s potential for further gains. On the other hand, retail traders are predominantly positioned on the short side, which often indicates a contrarian opportunity for upward movement as these positions may get squeezed.
Given these dynamics, we see a compelling opportunity to buy Apple stock at the opening of today’s market. The alignment of large speculators' long positions with the seasonal trend enhances the probability of a sustained bullish run. Historical data supports this seasonal growth pattern for Apple, typically seeing a positive performance during this time of year.
Investors should consider the broader market context as well. Apple, as a leading tech giant, often sets the tone for market sentiment. Its robust fundamentals, continuous innovation, and strong consumer demand further underpin the bullish case. Additionally, any positive developments in the broader tech sector or favorable economic indicators could provide additional tailwinds for Apple's stock price.
In conclusion, with Apple trading at $230.54 and higher in the pre-market and supported by a seasonal growth pattern and strong positioning from large speculators, we are poised to capitalize on this opportunity. Entering a long position at the market opening aligns with our analysis and the anticipated bullish trajectory through mid-August. Investors should monitor the stock closely, considering both the seasonal trends and market participant behavior to make informed trading decisions.
✅ Please share your thoughts about AAPL in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
APPLE: Bearish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current APPLE chart which, if analyzed properly, clearly points in the downward direction.
❤️ Please, support our work with like & comment! ❤️
Apple is BullishApple is bullish and in an uptrend channel on the daily timeframe.
With today's close will confirm, a break out above the resistance area around 195-200 (to become the new support/demand zone) and a break out of the double-bottom pattern. Target is set to the upper levels of the channel at 250.
Tesla : Approaching Key Resistance Level After Strong RallyBy analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
AAPL Signals Short Term DropOf the 71 times AAPL triggers a sell on my RSI indicator (the magenta arrow at the bottom of the chart), the stock drops 97.143% of the time in the following 25 trading days. During 37% of the successful drops, the stock moves upward for 1-4 more days after the signal occurs in what I call the delay period.
What qualifies as a successful drop? The sell signal was triggered based on the closing price of AAPL stock on July 10, 2024 at 232.98. This means 97% of the time the stock will move below this closing price in the near-term. 2.85% of the time, the stock does not drop below this price over the following 25 trading days. The stock has always dropped below the signal closing price by at least 0.266% over the next 100 trading days.
On the chart above, the red boxes at the top are the delay zones of interest. The larger red box contains 100% of all delayed movement. The smaller box contains the stock's top or peak of the delay for 50% of the occasions. The same holds true for the two large green target boxes on the bottom. The final downward movement bottoms in the smaller green box 50% of the time, while the much larger green box contains bottoms or valleys for all downward movement.
This delay period of potential continued upward movement has historically had a maximum 3% gain before the stock eventually dropped. Regarding the bottom of the drop. Over the next 25 bars, it can occur on any day in the range with the median bottom occurring by day 8. 75% of the bottoms have occurred before day 18. The stock drops a minim of 0.266%, and median of 5.021%. 25% of the bottoms are no lower than 2.152%, while 75% of the drops are 8.3% or less.
The four shallowest drops over the next 25 days have been 0.266% (September 2010), 0.312% (February 2017), 0.827% (March 2019), and, 0.868% (August 2020) while the four deepest drops have been 63.23% (August 2000), 26.58% (December 1999), 26.51% (January 2006), and 24.80% (September 1999). The most recent double-digit percentage drop was 15% in April 2019. All shallow drops occurred in the most recent strong bull market, while the largest drops were part of the dot-com bubble burst.
While this current potential drop will likely avoid the sharper end of sell-offs, it is always interesting to see the strength and accuracy of signals. Historical movement is not indicative of future movement, but it is good to have as a data point.
AMD 200 BY SEPTEMBER !AMD Long 200 BY SEPTEMBER
Forecast: According to Long Forecast, AMD’s stock price is expected to start September 2024 at around $174 and reach a maximum of $177, with an average price of approximately $167 by the end of the month. This projection suggests a -5.7% change from the initial value.
PandaForecast: The weighted average target price per AMD share for September 2024 is $151.81, with a possible monthly volatility of 6.201%. The pessimistic target level is $146.28, while the optimistic target level is $155.95.
Personal Finance Freedom: Their forecast indicates an average price of $170 for September 2024, reflecting an expected increase of approximately 14.8% during that month.
StockScan: The average price target for AMD stock in 2024 is $180.52, with a high forecast of $227.30 and a low forecast of $133.74. This represents a +10.14% change from the last recorded price of $163.90.
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER
Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying:
Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects.
Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy.
AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
Apple: DownhillApple recently set the high of the corrective wave (B) in magenta just below the resistance at $221.59. The wave (C) should now expand down into our green Target Zone (between $192.26 and $176.27). There the superior green wave (2) should be completed. Subsequently, we expect a reversal and a rise above $221.59. However, please note our alternative scenario (43%) that will come into play on a direct break of this resistance. In this case, the green wave alt.(2) is already complete.
#202427 - priceactiontds - weekly update - apple #1Good Evening and I hope you are well.
Apple
comment: Stock is trying to break above the bull channel that has been holding for 2 years. Many rejections above 208 but bulls keeping it above the trend line. Until bears can push this below 205, the daily ema and the bull trend line, bulls are in full control. Can you buy up here and hope for more upside? I would not. Tight trading range and it's better to wait for a breakout before entering.
current market cycle: bull trend
key levels: 200-220
bull case: Bulls want to keep this break above going and trade higher. Reasonable target would be 250. As long as they keep it above daily ema, bull trend line and big round number 200, they have all the arguments on their side.
Bull Invalidation is below 200
bear case: If bears manage to print below 200 again, they could trigger many bull stops which are probably around 197-199 and we could see a deeper pullback. Bears ultimately want the bull breakout to fail and become a bull trap. If enough bulls give up, chances are good that we will test down to the low of the channel over the next months.
Bear Invalidation is above 222
short term: Bearish here for 206/207 before we could turn again. Play the triangle until clear breakout.
medium-long term: Will update on the next breakout of the triangle
AAPL / Apple - Idea I.Hey guys,
Yearly Chart: Bullish Engulfing
-> Showdown Zone at 228-246 (138.2 &161.8 Fib ext.)
200 Being the First Resistance and 210 the second.
Quarterly: Candle is bullish
-> broke through the ascending triangular pattern and closed above bullishly
-> moreover 210 has been broken and 220 has been tested. -> Some profit taking would be logical but is not necessary since 228 can be seen as the first "real" target. But we will see … 3D chart will show.
-> Stochastic Ind. is OB but pointing up. -actually it is still in a very bullish condition.
Monthly: Bullish close but long shadow.
-> Stochastics has turned up after forming a double bottom
-> Target of 210 has been reached so Monthly traders might take profit as well.
-> looking for Bullish entries after a correction towards 200-190 area.
3D: trend is up with Stochastic turning down
Trendline still bullish
thanks for reading…
TSLA : Big Resistance Ahead ? (READ THE CAPTION)By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between $191 and $206, and the bearish targets for this stock are $168, $153, and $139 respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Why Nvidia’s Monster $3T Valuation Poses a Threat to S&P 500Too fast Nvidia climbed the ladder of success and now the broad-based S&P 500 is at risk of getting sucked into a crisis if the chip giant were to trigger it.
Nvidia Value Takes Up 7% of S&P 500
Is Nvidia (ticker: NVDA ), the massive chip company, too big to fail? Shares of the juggernaut in the AI space have soared more than 160% this year and they show no signs of slowing down. That’s all great news for traders who enjoy the daily volatility and love watching billions of dollars slosh around as markets try to figure out Nvidia’s worth.
What markets have agreed on so far is that Nvidia is worth more than $3.2 trillion. The lofty price tag, however, comes with certain dangers. One such danger is that Nvidia makes up about 7% of the S&P 500. The broad-based Wall Street darling, packaged with 500 public companies , is valued at $46 trillion.
The danger isn’t too obvious now for obvious reasons. Nvidia is yet to give back (if it ever does, right?) some of its formidable gains. But there are signs already. Last Friday, this ratio of 93:7 tipped the S&P 500 into a loss just because the hulking size of Nvidia was too much weight on the stock index.
And because the markets aren’t allowing any breathing room and shares are always on fire, we can’t know the impact a crash in Nvidia could have on the S&P 500. But since the pendulum swings both ways, it pays to be prepared.
The Big Three’s Massive Weight
The tech-focused concentration of the S&P 500 doesn’t end with Nvidia. The two other companies that are also worth over $3 trillion each have the same weight on the equity benchmark.
Add Apple (ticker: AAPL ) and Microsoft (ticker: MSFT ) next to the AI chip maker and you’ve got a nice 21% chunk of the S&P 500 concentrated in three companies. In other words, that’s more than $10 trillion of valuation in total and it dominates the large-cap rankings .
What’s the common ground between all three? AI, more or less, with Apple playing catch up pretty fast.
“Why not pick on Apple then, if it’s the same market value?” Apple brings home more than $380 billion in revenue a year while Nvidia can only do $60 billion . Moreover, the iPhone maker has 2.5 times Nvidia’s trailing 12-month free cash flow.
Doomsday Scenario
A possible doomsday scenario in the artificial intelligence corner, every permabear will tell you, can trigger a rude awakening for investors and strip those giants off their record high valuations.
They actually had a moment of victory, although a brief one. In April, Nvidia endured its biggest drop since its recognition as the purest AI play out there. Shares erased more than 10% in the span of a few days. But before permabears had a chance to sip at their mezcal espresso martini and call it a day, Nvidia had bolted past the losses and into fresh record territory.
These days, it’s largely the same few stocks pumping and driving the gains across the indexes. That doesn’t sound like much of a diversification — the narrative pushed by passive investors who choose to shove some money into an index and do nothing. If the S&P 500 served as a diversification vehicle in the past, it certainly doesn’t look like it today.
Your Thoughts?
Will we see the AI bubble burst like the dot-com bubble of the 2000s? Or will Nvidia continue lifting the sea of stocks? Leave your thoughts below.
Apple (AAPL): Bullish Breakout and What to Expect NextApple has broken out above the range between $198 and $165, currently trading around $210. This breakout is seen as very bullish, indicating that we can discard our alternative scenarios. We are confident that Wave (4) completed at $123 and we are now in the larger Wave (5).
Current Situation:
Elliott Wave Analysis: We believe that the initial super sub-wave ((i)) of the larger Wave (5) needs to correct after the strong rise since mid-April.
Correction Levels: We expect a potential pullback to the $185 to $165 range. Whether it will reach as low as $165 remains uncertain.
Confluences:
RSI: The RSI is overbought but without a bearish divergence, indicating continued bullish momentum with a "normal" pullback.
Volume: Support should hold around $175, providing a potential entry point during the correction.
Strategy:
No Immediate Orders: We are not placing any limit orders yet.
Market Report: If we decide to place a limit order, we will issue a market report to inform our group.
The outlook for Apple remains bullish. We anticipate a correction within the $185 to $165 range, with strong support around $175. We will monitor the situation closely and communicate any order placements through a market report.
APPLE formed 1st 1D Golden Cross in 15 months! Attention needed.It wasn't long ago when we called for a buy on Apple's (AAPL) absolute technical bottom (April 25 and May 02, see charts below respectively):
Needless to say that the 198.00 Target has been smashed. As the price reached the top (Higher Highs trend-line) of the 20-month (blue) Channel Up, the stock turned sideways and has been consolidating for the past 4 sessions.
This is a strong indication of a medium-term Top. If rejected, we expect a Channel Down correction to at least the 1D MA200 (orange trend-line), where we will again buy for the long-term. If broken though, we will buy the first 1D candle close above the (blue) Channel Up and target $250.00.
The reason for this bullish expectation is that Apple just formed the first 1D Golden Cross in 15 months (since March 22 2023). Last time it did, the price had already initiated the new Bullish Leg (in the form of a blue dotted Channel Up). It only started the medium-term correction of July 2023, when it closed a full candle below the 4H MA50 (thin red trend-line).
At the same time, the 1W RSI had to hit the 79.00 overbought level. As a result, if you do turn bullish upon a 1D candle breaking above the (blue) Channel Up, consider booking the profit earlier if 4H MA50 breaks or the 1W RSI gets rejected on its 79.00 Resistance (unless your portfolio can support the correction).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NVIDIA 176% YTD GAINS 2024 NASDAQ:NVDA 🚀 NVIDIA’s Stellar Ascent: A 176% YTD Surge! 🚀
In the high-stakes world of tech stocks, NVIDIA has emerged as the year’s undisputed champion, boasting a jaw-dropping 176% increase in its stock price year-to-date. Here’s a snapshot of why NVIDIA is the talk of Wall Street:
Market Cap Milestone: NVIDIA has not only skyrocketed in stock value but also achieved a monumental market cap of $3.335 trillion, surpassing tech giants like Microsoft to become the most valued company in the world.
Stock Split Magic: The company’s recent 10-for-1 stock split has made its shares more accessible to a broader range of investors, fueling the fire of its already impressive rally.
Generative AI Gold Rush: NVIDIA sits at the forefront of the generative AI revolution, with its GPUs being the powerhouse behind the scenes. This sector is projected to reach a staggering $967.6 billion by 2032, and NVIDIA’s leading-edge technology is poised to reap the benefits.
ETF Rebalance: A leading tech ETF has shifted its balance, significantly increasing its stake in NVIDIA. This strategic move involves a massive $23 billion stake exchange, highlighting the confidence investors have in NVIDIA’s future.
Wall Street’s Vote of Confidence: Analysts are bullish, with predictions that NVIDIA’s stock could soar to $200. The consensus is clear: NVIDIA is expected to dominate the computing market for the next decade.
Unity Software IncUnity Software stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's Worldwide Developers Conference.
Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday.
"We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures."
Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at a Apple WWDC in 2005 in regards to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio.
On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates for $477.67, per Bloomberg data. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting.
Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner.
"AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part for the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry."
NIKE 100 AFTER EARNINGS ? Nike’s stock has the potential to reach $100 after earnings due to several key factors highlighted in recent financial reports and analyses:
BY CAFE CITY STUDIO 2024
Earnings and Revenue Beats: Nike’s fiscal Q2 results showed a 17% year-over-year growth in sales, surpassing Wall Street’s expectations. This positive performance, along with earnings per share (EPS) that edged up 2%, has been a significant catalyst for the stock’s rise.
Raised Full-Year Revenue Guidance: Management’s decision to raise the full-year revenue guidance reflects confidence in Nike’s financial outlook and can be a strong indicator for investors, signaling potential growth and stability.
Cost Reductions and Margin Improvements: Nike executives have mentioned that product costs are expected to fall in the second half of the year, along with a more favorable foreign-exchange environment, which could lead to improved margins.
Strategic Business Adjustments: Nike is adapting its sales strategy by planning for near-term sales declines at major partners like Foot Locker. This recalibration aims to reduce dependence on third-party retailers and increase direct sales, which could enhance profitability.
Market Position and Brand Strength: Despite stiff competition and weaker demand, Nike’s enduring brand appeal and shift towards more casual gear position it well to capitalize on market trends.
Innovative Product Offerings: Nike’s focus on serving specific consumer segments, such as women and everyday runners, and expanding into fast-growing segments like trail running, demonstrates its commitment to innovation and market expansion.