INTRODUCTION TO TESLA (TSLA), APPLE (AAPL), AND GOOGLE (GOOG) STOCKS
In this article, we will look at three significant stocks you might want to invest in with Dominion Markets. Tesla (TSLA), AAPL, and GOOG. We will briefly analyze each stock and its behavior over the years.
TESLA (TSLA) STOCK ANALYSIS
Tesla (TSLA) is a US-based energy and automotive corporation best known for its electric vehicles. The stock is available for trading on Dominion Markets. The business is renowned for specializing in energy storage using lithium-ion batteries and solar panels.
TESLA’S (TSLA) RECENT PERFORMANCE AND STOCK PRICE TRENDS
As of June 23, the company's Quarterly financials recorded some significant changes. The company recorded a Revenue of $24.93B. This revenue increased by 47.2% increase from the previous quarter. Tesla (TSLA) also recorded a net income of $2.7B, a 19.65% increase. Tesla’s (TSLA) Diluted EPSO was 0.78, a 20% increase. Its Net profit margin was 10.845, a decline of 18.74%. The company's operating income was $2.4B, a decrease of 4.04%, and its cost on revenue was 20.39B, up by 60.58%.
Tesla (TSLA) Stock
FACTORS YOU SHOULD CONSIDER BEFORE INVESTING IN TESLA (TSLA) STOCK
Before investing in Tesla (TSLA) stock, here are some things to consider.
Tesla’s (TSLA) risky price-cutting strategy
Tesla (TSLA) has been a standout performer in recent years, consistently achieving remarkable financial results. However, in 2023, many investors anticipated a slowdown for the automaker due to a more challenging economic landscape.
As anticipated, Tesla’s (TSLA) Q1 results displayed signs of weakness, with revenue and operating profit declining compared to the previous quarter. This trend continued into the second quarter, where although revenue showed a robust 47% year-over-year increase, operating income experienced a 3% decrease due to a substantial contraction in the operating margin, dropping from 14.6% to 9.6%. While Tesla (TSLA) sells more vehicles, its per-car profitability has noticeably decreased.
The company could run out of batteries for their products.
The lack of batteries to power their goods was one of the early issues Tesla (TSLA) executives faced. Tesla (TSLA) continues building its legendary Gigafactory in Sparks, Nevada, which should address the company's battery shortage. The lithium-ion manufacturing facility anticipates assisting in the production increase to more than 500,000 Tesla (TSLA) cars yearly and has a planned footprint of more than 1.9 million square feet.
Even though the building is just 30% finished, Musk has said Tesla (TSLA) may need more than one gigafactory to meet demand.
To keep the business humming along and the stockholders satisfied, the company will require enormous capital expenditures (CapEx).
TESLA (TSLA) STOCK FORECAST
According to the assessments of 28 financial analysts on Wall Street, who have provided 12-month price projections for Tesla (TSLA) within the past three months, the mean price projection stands at $270.80. This estimate ranges from a high projection of $400.00 to a low projection of $120.00. On average, this forecast reflects a 10.58% alteration from the recent price of $244.88.
APPLE (AAPL) STOCK ANALYSIS
Apple (AAPL) is a multinational American technology business. It has its main office in Cupertino, California. According to revenue, Apple (AAPL) will be the top technological business in the world in 2022, with US$394.3 billion in sales. Apple (AAPL) is the largest corporation in the world by market value as of March 2023. Dominion Markets offers many stocks, including Apple (APPL), which you can invest in.
APPLE’S (AAPL) RECENT PERFORMANCE AND STOCK PRICE TRENDS
Apple's (AAPL) June quarterly report showed the company recorded a revenue of $81.8B, a decrease of 1.4%. Moreover, the company registered a net income of $19.88B, an increase of 2.26% from the last quarter. Apple (AAPL) recorded a diluted EPS of 1.26, a rise of 5%. Additionally, the company’s net profit margin was at 24.31%, an increase of 3.71%.
Apple (AAPL) Stock
FACTORS TO CONSIDER BEFORE INVESTING IN APPLE (AAPL) STOCK
Before investing in Apple (AAPL), here are some factors you should consider.
Dependency on innovation
New product categories or products that would redefine an existing category are necessary for future growth. Instead of reinvesting in R&D or making acquisitions, the corporation intends to return its cash via share repurchases and dividends.
Therefore, there is a chance that the business won't be able to maintain its "innovation" strategy in the future because it isn't using that money now to develop tomorrow's technology.
Possibility of growth
Most analysts concur that iPhone sales drive Apple (AAPL). The company's ability to generate significant year-over-year growth will depend on its ability to expand into new areas, particularly the success of its endeavor in China.
Also, the business can look into new markets for TV/DVD/set-top boxes, watches, streaming services, game consoles, and other "wearables." While these might open up new growth prospects, they won't spur an increase in profitability in the near term (the next 18 months to 2 years) like the anticipated rising domestic demand for the iPhone.
APPLE (AAPL) STOCK FORECAST
The 38 analysts providing 12-month price projections for Apple (AAPL) set a consensus price objective of $ 200.00. High and low estimates range from 240.00 to 125.00. Meanwhile, the median forecast reflects a rise of +14.46 percent over the most recent price of 174.74.
GOOGLE’S (GOOG) STOCK ANALYSIS
Another significant stock offered on Dominion Markets is Google (GOOG). It is an American multinational technology firm focusing on quantum computing, cloud computing, computer software, internet advertising, search engine technology, and consumer electronics.
GOOGLE’S (GOOG) RECENT PERFORMANCE AND STOCK PRICE TRENDS
Google (GOOG) registered impressive numbers this quarter. Furthermore, the company’s revenue was $74.6B, a 7.06% increase. Google’s (GOOG) net income was $18.37B, a rise of 14.79%. Additionally, the company’s diluted EPS was 1.14, a 19.01% increase, and finally, it registered a net profit margin of 24.62%. This net profit margin increased by 7.23% from the previous quarter.
Google (GOOG) Stock
FACTORS TO CONSIDER BEFORE INVESTING IN GOOGLE (GOOG) STOCK
You should consider some factors before investing in Google (GOOG).
Its ability to thrive in challenging conditions
Several businesses failed the extensive stress test that was the Great Recession of 2007–2008. Like other stocks, Google (GOOG) succumbed to the selling pressure and saw a 65% decline from its 2007-end high to early 2009 high. Nonetheless, the company quickly made up all its losses as the stock market stabilized and the economy expanded. Most significantly, Google (GOOG) sustained revenue growth even as the economy contracted.
Billions of searches
Google (GOOG) handles more than 3.5 billion daily searches, and each search contributes a small amount to Google’s (GOOG) revenue through ad sales. Google (GOOG) dominates 75% of the web and 85% of mobile searches. Moreover, internet search usage is steadily increasing, increasingly ingrained in people's daily routines worldwide.
GOOGLE (GOOG) FORECAST
The median price objective for Alphabet Inc. from the 49 analysts providing 12-month price estimates is 150.00, with a high estimate of 200.00 and a low estimate of 121.00. The median estimate reflects a rise of +15.16 percent over the most recent price of 130.25.
Discover TSLA, AAPL, and Google (GOOG) stocks—analysis, trends, and forecasts for these tech giants. Make informed investment decisions today on Dominion Markets.