Apple has become the most valuable company

Apple has become the most valuable company

2022-12-16 • Updated

The tech giant made an announce of a 4-for-1 stock split. How will it affect the stock price?

What happened?

Apple even outperformed Saudi Arabia’s oil company Saudi Aramco and became the world’s most valuable publicly traded company. For comparison, Apple’s market value is $1.84 trillion, while Saudi Aramco’s is $1.76 trillion. Also, Apple claimed that it would split its one stock into four on August 24.

What does it mean for trader?

The split-adjusted trading will start on August 31. It means the stock will cost 4 times less than now. For instance, if the stock price is $400 on August 30, it will slump to $100 on August 31. If you trade the Dow Jones Industrial Index, be ready for the sell-off as the DJIA is price-weighted. On the flip side, the market cap weighted S&P 500 will gain, if the Apple’s value continues rising. Why did Apple do that? To make the stock more accessible for greater amount for shareholders. Indeed, lower share prices should attract more investors.

However, it’s not the reason to consider buying Apple. The real cause, which can push its price higher, is the recent earnings report. It beat all estimates. The company’s revenue surged by 11% to $59.7 billion, that was 14% higher than the estimate. At the same time, earnings per share tuned out $2.58 — 26% more than anticipated. Actually, the coronavirus quarantine didn’t damage the company’s growth. In opposite, it helped to boost IPhones, Mac and IPads sales amid stay-at-home regimes.

Technical tips

Apple has made a huge jump above the key psychological mark at $400 on Friday. It set a new record high at $425. Most analysts have bullish prospects on the tech giant. However, if the price manages to slump below $400, it will open doors towards the next support at the $372 level, which it has touched several times already.

APPLEDaily.png

TRADE NOW

Similar

The Oil Market in the Month of June
The Oil Market in the Month of June

Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.

Oil Market Outlook
Oil Market Outlook

Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.

Latest news

SEC Crackdown and the future of Crypto
SEC Crackdown and the future of Crypto

Are you aware of the recent crackdown by the SEC on major cryptocurrency exchanges, Binance US and Coinbase? Surprisingly, savvy Bitcoin traders seem unfazed, as options-based implied volatility metrics indicate. It appears that the lawsuits were anticipated and already factored into the market. Implied volatility reflects investors' expectations of price turbulence, but little evidence of heightened concern exists.

US Dollar at Crucial Zone: What Next?
US Dollar at Crucial Zone: What Next?

Let's dive into the recent debt ceiling saga in the US and its implications for the economy, deficit, and inflation. The good news is that a new debt deal is on the horizon, saving us from a potential default on June 5. Phew! This deal will impact the economy by providing stability and avoiding a financial catastrophe.

CAD Outlook Ahead of BoC Overnight Rate
CAD Outlook Ahead of BoC Overnight Rate

Get ready for some suspense as the Bank of Canada faces a tough decision on whether to raise interest rates or keep them on hold. The resilient Canadian economy and the goal of curbing inflation further are at the heart of this dilemma. While some money markets and economists predict another rate hike, others believe the central bank should exercise caution and wait, hinting at a possible increase later in the summer.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera