Apple Reports Quarterly Earnings Today After Market Close!

AAPL

(Update 1)

The Big Day is upon us, Apple reports March 31 quarterly financial performance and position on Tuesday, April 20, after market close (2:00 p.m. PDT/5:00 p.m. EDT).  Expectations are sky high.  Analysts estimates are $2.43/$2.45 earnings per share and $12 billion revenues.  More information will become available on Mac, iPod, and iPhone sales.  Apple's balance sheet will show incredible amounts of cash and cash equivalents, as in billions and billions - well over $40 billion?

Investors are expecting an update on iPad sales, which were rolled out in early April, right after the end of the March 31 quarter.  So, iPad sales will not be in the quarterly financial report until the June 30 quarter.

Here are 3 articles on the Apple earnings preview:

Earnings Preview: Apple is Primed to Shine (CNBC)

Earnings Preview: Apple Inc. (AP/Yahoo News)

Apple Could Report 39% Earnings Jump (Forbes)

Apple Press Release Regarding Conference Call: FY 10 Second Quarter Results Conference Call

Regardless of the market's reaction, based on stratospheric expectations, to this quarterly report, AAPL is going to $300+ eventually.  A short-term pullback in the stock is certainly possible as a result of today's report and even because of general market sentiment, but the intermediate-term and long-term trend for AAPL is bullish and up.

AAPL

Apple: Another Great Week!

AAPL

Overview

AAPL - four more all-time closing highs this week, with a small pullback on Friday, April 16. AAPL is up +2.32% for the week, up +5.28% for the month, up +17.40% for the year, and up an amazing +197.68% since the March 9, 2009 market bottom. This equates to +$5.61 for the week, $12.40 for the month, +$36.67 for the year, and an incredible +$164.29 since the March 9, 2009 market bottom! Apple's market capitalization at $210B+ is now third largest in USA, behind Exxon and Microsoft. AAPL is approximately $50 billion below Microsoft's market cap of approximately $259B.

iPad

Reports of tremendous demand for iPads and Apple delaying the international rollout apparently drove AAPL yet even higher this week.  The Big Day was Saturday, April 3 when iPad went on sale, including at Best Buy. Reviews of the iPad have been favorable overall. The App Store keeps adding iPad apps and the iBook store the same. I personally was disappointed there wasn't a sell out over the first weekend, but so far sales appear acceptable. Estimated 2010 sales of iPad range from 3 million units to 10 million units. It has been suggested that iPad sales might cut into iPhone sales some, but I don't believe this will have a material effect.

iPhone

The iPhone OS 4 was announced on Thursday, April 8 by CEO Steve Jobs . iPhone continues incredible sales and market share. Jobs suggested at the Thursday event that Apple is beating The Street's estimates of Q1 2010 iPhone sales. Hence yet another increase in AAPL price. Apple reports Q1 earnings on April 20. Apple's share of global mobile Web browsing is at 67% from the iPhone and iPod Touch.

iAd

CEO Steve Jobs introduced the new personalized, mobile advertising system, iAd on April 8. This would compete directly, and replace, Google's advertising platform. I personally think this was a bigger announcement than the iPhone OS 4, that is, Apple is going inito the mobile advertising business. While iPad and iPhone sales should positively impact Q1 earnings, to be reported April 20, the iAd may well have a significant impact in future quarters as this revenue stream comes online.

Apple Daily Chart

Below is the AAPL daily chart from December 2009, including the December 7 close of 188.95 up through the current all-time closing high of 241.79.

Noteworthy Closing Prices on Daily Chart below:

Current High 247.40 (Highest yellow horizontal line)

2010 YTD High 4-16-10 248.92  

January 19 Previous YTD High 215.04 (Second highest yellow horizontal line)

YE 12-31-09 210.73 (Third highest yellow horizontal line)

10 Month EMA 200.56 (Lowest yellow horizontal line)

AAPL: 4 All-Time Highs This Week, Same As Last Week!

Intermediate-Term Trend

The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a buy/long/bull signal on Friday, March 12, 2009. Therefore, AAPL is now in an intermediate-term bull market. That is, the 25d sma is higher than the 50d sma.

Resistance and Support

The current closing price, the highest yellow horizontal line is just below the previous day closing high, which is the all time high.  So that is the only resistance above. AAPL is still in uncharted terriorty, literally. There is much significant support below.

Moving Averages

The 25d sma bottomed on February 26, began ascending strongly, and is now well above the other sma's on the chart.. AAPL is above the 25d, 50d, 100d, and 200d sma's, which are ascending, as the all-time highs pull the sma's upwards and fan them out in a bull pattern.

Uptrend Line

The uptrend line, a rate of price ascent, is from the January 20, 2009 closing low of 78.20 up through the February 4, 2010 closing low of 192.05. The February 4 closing low was the bottom of the 2010 pullback. AAPL spiked decisively above this uptrend line on February 25. AAPL has now stayed well above.

Downtrend Line

There is no significant downtrend line, a rate of price descent, because AAPL is just below the all time high of Thursday, the previous day close.

Relative Strength Index (RSI)

RSI 14 day = 86.63 is very overbought; higher than previous Friday; but Friday pullback decreased slightly

RSI 28 day = 77.90 is overbought; down from peak of 84.63 on April 5 and from previous Friday

How high can AAPL run until another consolidation and/or pullback? RSIs have increased into overbought territory, but decreased recently. How long can this amazing bull run last?

MACD (12,26,9)

The MACD is bullish and has been since February 16.

Long-Term Trend

The lowest horizontal yellow line is the 10 month exponential moving average from the monthly chart, which I have overlayed on this daily chart. That is the line in the sand, so to speak, for the long term signal of a bear market. AAPL is well above this signal at the current close, the highest yellow horizontal line. Therefore, AAPL is in a long-term bull market and has been since April 2009.

Conclusion

AAPL continues onwards and upwards powered by the introduction of the iPad, a new iPhone OS 4, a new mobile advertising platform (iAd), overall strong iPhone sales and market share, and now reports of very strong iPad demand. The February 4, 2010 YTD closing low of 192.05 was the bottom of the 2010 pullback. The current price is just below the previous day all-time closing high. The RSI 14 day and 28 day indicate AAPL is now overbought, but have pulled back slightly. The MACD has been bullish since February 16. I keep saying additional consolidation and perhaps some pullback is probable before another surge upwards in 2010. It hasn't happened yet, lol. So far the Bulls keep charging ahead - everyone wants in on the Apple Action. The buyers have been in control for weeks now. The intermediate-term trend became bullish on Friday, March 12. The long-term trend remains bullish.

Disclosure

I am long AAPL.

AAPL

Apple Closes Week At All-Time High!

AAPL

Overview

AAPL - another all-time closing high of 241.79 on Friday, April 9. AAPL has set 4 all-time closing highs this week. AAPL is up +2.47% for the week, up +2.89% for the month, up +14.74% for the year, and up +190.93% since the March 9, 2009 market bottom. This equates to +$5.82 for the week, $6.79 for the month, +$31.06 for the year, and +$158.68 since the March 9, 2009 market bottom! Apple's market capitalization at $210B+ is now third largest in USA, behind Exxon and Microsoft. AAPL is approximately $50 billion below Microsoft's market cap of approximately $259B.

iPad

The Big Day was Saturday, April 3 when iPad went on sale, including at Best Buy. Reviews of the iPad have been favorable overall. The App Store keeps adding iPad apps and the iBook store the same. I personally was disappointed there wasn't a sell out over the first weekend, but so far sales appear acceptable. Estimated 2010 sales of iPad range from 3 million units to 10 million units. It has been suggested that iPad sales might cut into iPhone sales some, but I don't believe this will have a material effect.

iPhone

The iPhone OS 4 was announced on Thursday, April 8 by CEO Steve Jobs . iPhone continues incredible sales and market share.  Jobs suggested at the Thursday event that Apple is beating The Street's estimates of Q1 2010 iPhone sales.  Hence yet another increase in AAPL price.  Apple reports Q1 earnings on April 20.  Apple's share of global mobile Web browsing is at 67% from the iPhone and iPod Touch. The earlier Verizon hype may have been just that, so far.

iAd

CEO Steve Jobs introduced the new personalized, mobile advertising system, iAd on Thursday. This would compete directly, and replace, Google's advertising platform. I personally think this was a bigger announcement than the iPhone OS 4, that is, Apple is going inito the mobile advertising business.  While iPad and iPhone sales should positively impact Q1 earnings, to be reported April 20, the iAd may well have a significant impact in future quarters.

Apple Daily Chart
Below is the AAPL daily chart from December 2009, including the December 7 close of 188.95 up through the current all-time closing high of 241.79.

Noteworthy Closing Prices on Daily Chart below:
Current + 2010 YTD 4-9-10 High 241.79 (Highest yellow horizontal line)
January 19 Previous YTD High 215.04 (Second highest yellow horizontal line)
YE 12-31-09 210.73 (Third highest yellow horizontal line)
10 Month EMA 199.54 (Lowest yellow horizontal line)

AAPL: 4 All-Time Highs This Week!

Intermediate-Term Trend

The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a buy/long/bull signal on Friday, March 12, 2009. Therefore, AAPL is now in an intermediate-term bull market. That is, the 25d sma is higher than the 50d sma.

Resistance and Support

The current closing price, the highest yellow horizontal line is now above any previous closing high, so there is no resistance above. AAPL is in uncharted terriorty, literally. There is much significant support below.

Moving Averages

The 25d sma bottomed on February 26, began ascending strongly, and now has regained both the 100d and 50d sma's.. AAPL is above the 25d, 50d, 100d, and 200d sma's, which are ascending, as the all-time highs pull the sma's upwards and fan them out in a bull pattern.

Uptrend Line

The uptrend line, a rate of price ascent, is from the January 20, 2009 closing low of 78.20 up through the February 4, 2010 closing low of 192.05. The February 4 closing low was the bottom of the 2010 pullback. AAPL spiked decisively above this uptrend line on February 25. AAPL has now stayed well above.

Downtrend Line

There is no downtrend line, a rate of price descent, because AAPL is at an all-time high.

Relative Strength Index (RSI)

RSI 14 day = 84.94 is very overbought; is ascending from low of 65.96 on March 25

RSI 28 day = 81.25 is very overbought; down from peak of 84.63 on April 5

How high can AAPL run until another consolidation and/or pullback? RSIs have increased into overbought territory. How long can this amazing bull run last?

MACD (12,26,9)
The MACD is bullish and has been since February 16.

Long-Term Trend

The lowest horizontal yellow line is the 10 month exponential moving average from the monthly chart, which I have overlayed on this daily chart. That is the line in the sand, so to speak, for the long term signal of a bear market. AAPL is well above this signal at the current close, the highest yellow horizontal line. Therefore, AAPL is in a long-term bull market and has been since April 2009.

Conclusion

AAPL continues onwards and upwards powered by the introduction of the iPad, a new iPhone OS 4, a new mobile advertising platform (iAd), and overall strong iPhone sales and market share. The February 4, 2010 YTD closing low of 192.05 was the bottom of the 2010 pullback. The current price is at an all-time closing high. The RSI 14 day and 28 day indicate AAPL is now overbought. The MACD has been bullish since February 16. I keep saying additional consolidation and perhaps some pullback is probable before another surge upwards in 2010. It hasn't happened yet, lol. So far the Bulls keep charging ahead - everyone wants in on the Apple Action. The buyers have been in control for days now. The intermediate-term trend became bullish on Friday, March 12. The long-term trend remains bullish.

Disclosure

I am long AAPL.

AAPL

Apple: 3 More Up Days, 3 More All-Time Highs!

AAPL

Overview

AAPL - another all-time closing high of 240.60 on Wednesday, April 7.  AAPL has set 3 all-time closing highs this week.  AAPL is up +1.96% for the week, up +2.38% for the month, up +14.17% for the year, and up +189.50% since the March 9, 2009 market bottom. This equates to +$4.63 for the week, $5.60 for the month, +$29.87 for the year, and +$157.49 since the March 9, 2009 market bottom!  Apple's market capitalization at $210B+ is now third largest in USA, behind Exxon and Microsoft. AAPL is approximately $50 billion below Microsoft's market cap of approximately $259B.

iPad

The Big Day was Saturday, April 3 when iPad went on sale, including at Best Buy. Reviews of the iPad have been favorable overall. The App Store keeps adding iPad apps and the iBook store the same. I personally was disappointed there wasn't a sell out over the weekend, but 300K+ seemed to be acceptable sales.  Estimated 2010 sales of iPad range from 3 million units to 10 million units. It has been suggested that iPad sales might cut into iPhone sales some, but I don't believe this will have a material effect.

iPhone

The OS 4 is to be announced on Thursday, April 8.  iPhone continues incredible sales and market share.  Apple's share of global mobile Web browsing is at 67% from the iPhone and iPod Touch.  The earlier Verizon hype may have been just that, so far.

iAd

Supposedly, Apple is close to announcing a new personalized, mobile advertising system, iAd.  This would compete directly, and replace, Google's advertising platform.  The announcement could come tomorrow, Thursday, April 8.

Apple Daily Chart

Below is the AAPL daily chart from December 2009, including the December 7 close of 188.95 up through the current all-time closing high of 240.60.

Noteworthy Closing Prices on daily chart below:

Current 240.60 & 2010 YTD 4-7-10 High 240.60 (Highest yellow horizontal line)

January 19 Previous YTD High 215.04 (Second highest yellow horizontal line)

YE 12-31-09 210.73 (Third highest yellow horizontal line)

10 Month EMA 199.32 (Lowest yellow horizontal line)

AAPL: 4 Consecutive Days of All-Time Highs!

Intermediate-Term Trend

The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a buy/long/bull signal on Friday, March 12, 2009. Therefore, AAPL is now in an intermediate-term bull market. That is, the 25d sma is higher than the 50d sma.

Resistance and Support

The current closing price, the highest yellow horizontal line is now above any previous closing high, so there is no resistance above. AAPL is in uncharted terriorty, literally. There is much significant support below.

Moving Averages

The 25d sma bottomed on February 26, began ascending strongly, and now has regained both the 100d and 50d sma's.. AAPL is above the 25d, 50d, 100d, and 200d sma's, which are ascending, as the all-time highs pull the sma's upwards.

Uptrend Line

The uptrend line, a rate of price ascent, is from the January 20, 2009 closing low of 78.20 up through the February 4, 2010 closing low of 192.05. The February 4 closing low was the bottom of the 2010 pullback. AAPL spiked decisively above this uptrend line on February 25. AAPL has now stayed well above.

Downtrend Line

There is no downtrend line, a rate of price descent, because AAPL is at an all-time high.

Relative Strength Index (RSI)

RSI 14 day = 79.01 is overbought; is ascending from low of 67.05 on April 1

RSI 28 day = 83.87 is very overbought; down from peak of 84.63 on April 5

How high can AAPL run until another consolidation and/or pullback? RSIs have increased into overbought territory.  How long can this amazing bull run last?

MACD (12,26,9)

The MACD is bullish and has been since February 16.

Long-Term Trend

The lowest horizontal yellow line is the 10 month exponential moving average from the monthly chart, which I have overlayed on this daily chart. That is the line in the sand, so to speak, for the long term signal of a bear market. AAPL is well above this signal at the current close, the highest yellow horizontal line. Therefore, AAPL is in a long-term bull market and has been since April 2009.

Conclusion

AAPL continues onwards and upwards powered by the introduction of the iPad, a new iPhone OS 4, a possible new advertising platform (iAd), and overall strong iPhone sales and market share. The February 4, 2010 YTD closing low of 192.05 was the bottom of the 2010 pullback. The current price is at an all-time closing high. The RSI 14 day and 28 day indicate AAPL is now overbought.  The MACD has been bullish since February 16.  I keep saying additional consolidation and perhaps some pullback is probable before another surge upwards in 2010. It hasn't happened yet, lol. So far the Bulls keep charging ahead - everyone wants in on the Apple Action. The buyers have been in control for days now. The intermediate-term trend became bullish on Friday, March 12. The long-term trend remains bullish.

AAPL

Apple Closes Week at All-Time High on iPad Hype! $235.97

AAPL

Overview

AAPL - another all-time closing high of 235.97 on Thursday, April 1. AAPL set all-time closing highs three days this week, including a close of 235.84 on Tuesday, March 31 and 232.39 on Monday, March 29, which is a good week, lol. AAPL is up +2.20% for the week, up +0.41% for the month, up +11.98% for the year, and up +183.92% since the March 9, 2009 market bottom. AAPL also exceeded the recent all-time closing highs of Friday (March 26) of 230.90, Wednesday (March 24) of 229.37, Tuesday (March 23) 228.36, and Friday (March 12) of 226.60, to name a few. Apple's market capitalization at $210B+ is now third largest in USA, behind Exxon and Microsoft.  AAPL is approximately $50 billion below Microsoft's market cap of $259.61B.

iPad

The iPad hype has reached a crescendo! The Big Day is Saturday, April 3 when iPad goes on sale, including at Best Buy. Reviews of the iPad started being released yesterday and are favorable.  Apple began releasing instructional videos this week and launched iPad apps in the App Store.  Estimated 2010 sales of iPad range from 3 million units to 10 million units. It has been suggested that iPad sales might cut into iPhone sales some, but I don't believe this will have a material effect.

iPhone

On Monday, March 29, news broke that Apple would have at least one CDMA iPhone for Verizon. The time frame of when this might occur varies widely in the reports, with a year the most common prediction. Regardless, this news resulted in predictions of increased sales of iPhones and the AAPL stock was up and away (again) on Tuesday.  There have been subsequent reports discounting this news, but overall the iPad hype has drowned out iPhone news for a time.

Apple Daily Chart

Below is the AAPL daily chart from December 2009, including the December 7 close of 188.95 up through the current all-time closing high of 235.97.

Noteworthy Closing Prices on daily chart below:
Current 235.97 & 2010 YTD 4-1-10 High 235.97 (Highest yellow horizontal line)
January 19 Previous YTD High 215.04 (Second highest yellow horizontal line)
YE 12-31-09 210.73 (Third highest yellow horizontal line)
10 Month EMA 190.15 (Lowest yellow horizontal line)

AAPL: April 1 All-Time High - No Fooling!

Intermediate-Term Trend

The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a buy/long/bull signal on Friday, March 12, 2009. Therefore, AAPL is now in an intermediate-term bull market. That is, the 25d sma is higher than the 50d sma.

Resistance and Support

The current closing price, the highest yellow horizontal line is now above any previous closing high, so there is no resistance above. AAPL is in uncharted terriorty, literally. There is much significant support below.

Moving Averages

The 25d sma bottomed on February 26, began ascending strongly, and now has regained both the 100d and 50d sma's.. AAPL is above the 25d, 50d, 100d, and 200d sma's, which are ascending, as the all-time highs pull the sma's upwards.

Uptrend Line

The uptrend line, a rate of price ascent, is from the January 20, 2009 closing low of 78.20 up through the February 4, 2010 closing low of 192.05. The February 4 closing low was the bottom of the 2010 pullback. AAPL spiked decisively above this uptrend line on February 25. AAPL has now stayed well above.

Downtrend Line

There is no downtrend line, a rate of price descent, because AAPL is at an all-time high.

Relative Strength Index (RSI)
RSI 14 day = 67.05 is reasonable; the last 3 days have really been consolidation
RSI 28 day = 79.31 is overbought; is gettiing a little "toppy", but still some room upside

How high can AAPL run until another consolidation and/or pullback? RSIs are not unreasonably high. There is still some upside left in the RSIs, but how long can this amazing bull run last?

MACD (12,26,9)

The MACD is bullish and has been since February 16.

Long-Term Trend

The lowest horizontal yellow line is the 10 month exponential moving average from the monthly chart, which I have overlayed on this daily chart. That is the line in the sand, so to speak, for the long term signal of a bear market. AAPL is well above this signal at the current close, the highest yellow horizontal line. Therefore, AAPL is in a long-term bull market.

Conclusion

AAPL continues onwards and upwards powered by the imminent introduction of the iPad (April 3), CDMA iPhone prospects with Verizon, and overall sales going strong. The February 4, 2010 YTD closing low of 192.05 was the bottom of the 2010 pullback. The current price is at an all-time closing high. The RSI 14 day and 28 day indicate AAPL is not unreasonably overbought, but the RSIs are rising, of course.. I keep saying additional consolidation and perhaps some pullback is probable before another surge upwards in 2010. It hasn't happened yet, lol. So far the Bulls just keep charging ahead - everyone wants in on the Apple Action. The buyers have been in control for days now. The intermediate-term trend became bullish on Friday, March 12. The long-term trend remains bullish.

AAPL