ONLINE FOREX BROKER
2022-12-16 • Updated
The tech giant made an announce of a 4-for-1 stock split. How will it affect the stock price?
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.
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.
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.
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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 will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
