Apple Inc. (NYSE: AAPL) delivered strong returns in 2019 and 2020 and Q1 2021. At its height, at the end of January 2021, Apple stock price had risen by 208%, YoY and 8% YTD. Then the situation started to change with increasing market volatility and other dynamics. From the high in Jan 2019 to the low level in early March 10, 2021, Apple stock price has declined by 16%. A huge drop for such a prominent stock. AroniSmart™ team, leveraging the Machine Learning Time Series capabilities, including Support Vector Machine, and Dominance Analysis of AroniSmartIntelligence™ and AroniSmartInvest™, has looked at the trends of the stock price of AAPL vs other the stock prices 11 selected companies in 2020 and 2021Q1and came up with insights and projections on the dynamics. The insights are presented below (for disclaimer and terms, check AroniSoft website)
Twitter (TWTR) stock price has been on a strong momentum since the January 2020. The momentum followed a drop at the of the 2019. Year-to-date, Twitter stock price has risen by 47%. From July 2020, Twitter stock price has risen by 47%. AroniSmart™ team, leveraging the Machine Learning Time Series capabilities and Dominance Analysis of AroniSmartIntelligence™, has looked at the trends of TWTR vs other 13 companies and came up with insights and projections on the dynamics.
As September 2020 is nearing the end, the stock market has been volatile. At the same time, the market sentiment has been trending towards negative territories. Tech stocks that have been bullish until early September have lost their momentum and their stock prices have significantly declined. Stocks driving the market are from most industry sectors. The stocks include major players such as Apple's (AAPL), Tesla (TSLA), Nvidia (NVDA), Johnson & Johnson (JNJ), Twitter (TWTR), Slack Technologies (WORK), Bank of America (BAC), JPMorgan Chase (JPM), Oracle (ORCL), Alphabet (GOOG), Amazon (AMZN), Walmart (WMT), Costco (COST), Home Depot (HD), Lowes (LOW), Zoom (ZM), Microsoft (MSFT), Facebook (FB) .What are those stocks and what is the sentiment. AroniSmart Team, leveraging AroniSmartInteligence and AroniSmartInvest tools (see here Aronisoft, LLC: AroniSoft, LLC: Machine Learning, Advanced Analytics, Text and Sentiment Analysis, Investment Research and more), has conducted Sentiment and Valence analysis and found broad negativity.
On August 29, 2020, Apple's (NASDAQ:AAPL) and Tesla (NASDAQ: TSLA) stocks remain in the record high range, when Apple price reached $504.05 and its market capitalization increased to $ 2.135 trillion. Tesla price went up to $1,993.28. This string performance happened as for Apple (AAPL) and Tesla (TSLA) were getting ready for stock splits. The 4-for-1 stock split happenned on Monday August 31, 2020.
Immediately after the splits, the stocks for both Apple and Tesla shot up, respectively hitting $137.93 and $498.32. Then, something happened. By the end of the week, on Sep 4, 2020, the prices of the stocks of the 2 companies had significantly declined. Tesla stocks went from $498.32 to $418.32 or -16%. Apple stock declined from $134.18 to $120.96, or -10%. The question is now: what happened and what is likely to happen?