Apple Inc. (NASDAQ:AAPL) Spends US$2.5 Billion in Environmental Initiatives

Apple Inc. (NASDAQ:AAPL) Spends US$2.5 Billion in Environmental Initiatives

Apple Inc. (NASDAQ:AAPL) Spends US$2.5 Billion in Environmental Initiatives

Apple today announced it has nearly doubled the number of suppliers that have committed to run their Apple production on 100 per cent clean energy, bringing the total number to 44. Because of this partnership between Apple and its suppliers, Apple will exceed its goal of bringing 4 gigawatts of renewable energy into its supply chain by 2020, with over an additional gigawatt projected within that timeframe.

This comes one year after Apple announced that all of its global facilities are powered by 100 per cent renewable energy.“Every time one of our suppliers joins us in our efforts to address climate change, we move closer to a better future for the next generation,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “We’ve made it a priority to hold our suppliers accountable to the same environmental standards we observe and hope that our collaboration will show others what is possible. While we are proud of our announcement today, we won’t stop driving change within our industry to support the clean energy transition happening globally.”

Apple reduced its comprehensive carbon footprint for the third year in a row in 2018, in large part due to the company’s Supplier Clean Energy Program. Manufacturing makes up 74 per cent of Apple’s carbon footprint, so the program helps its suppliers increase energy efficiency and transition to renewable energy sources. Just last year, Apple and its suppliers participated in clean energy generation that roughly equaled the electricity needed to power over 600,000 homes in the US.Apple has further expanded its supplier education and support initiatives, including through its Clean Energy Portal, an online platform to help suppliers identify renewable energy sources globally. Over 100 suppliers have already registered to participate in the site. It also launched a first-of-its-kind fund with 10 of its suppliers last year to help finance renewable energy projects in China.

The company also announced major progress to address environmental solutions by allocating all US$2.5 billion in green bonds it previously announced, the largest of any US corporation. Through its now-completed US$2.5 billion Green Bond allocations, the company has contributed to 40 environmental initiatives around the world. That includes projects Apple has created to cover its entire electricity load — as of January 2019, approximately 66 per cent of the renewable energy Apple uses comes from such endeavours. Apple’s Green Bonds are also notable for the number of areas of environmental research and innovation they support. Projects include solar rooftops in Japan, an aquifer to conserve water in Oregon and the creation of a custom alloy made of 100 per cent recycled aluminium that is now found in the newest MacBook Air and Mac mini. 

Shayne ‘Jack’ Heffernan said in a meeting that the simplest response is to keep investing in companies that, like Apple and Exxon, conduct their business as usual while adapting where they can. Another response is to forget about the immediate term and go long on more sustainable bets. Al Gore, for instance, whiles away his hours running a climate-focused fund called Generation Investment Management. On a slightly higher plane sit the gigantic banks and mutual funds, which continue to invest traditionally but use “climate analytics” to see where their portfolios might contain problems, like public utilities that could be bankrupted by wildfires.

Other strategies display more cleverness. Electric vehicles and green power grids require, for their batteries, valuable minerals and metals. Spot prices for nickel and cobalt fluctuate by double-digit percentages on commodities exchanges, while investors eye shares in lithium mines. Anticipating future food crises, strategists at Heffx advise clients to snap up vertical farms and “smart hydroponics”; anticipating water shortages, they also recommend investing in Chinese wastewater-recycling businesses.

As the earth becomes hotter, the air becomes less dense. In June 2017 in Phoenix, airlines grounded multiple jets because their wings couldn’t achieve lift in the 119-degree heat. Assuming more 119-degree days, aerospace companies like MTU Aero Engines and Rolls-Royce are “lightweighting” some of their machines to adapt. In Australia, an agribusiness conglomerate waits for family farms to fold for lack of rainfall, then considers buying their land at a discount. With drought conditions, the chief executive told Live Trading News last year, “we are seeing more opportunities than would have been there normally.” A real estate manager in Dallas told a Bloomberg reporter that he purchased hotels right before Hurricane Harvey to take advantage of the need for short-term housing, and made a 25 to 30 percent return. The Harvard endowment has bought up vineyards in California, acquiring their water rights in the midst of a long drought.

By the middle of the century, the climate of the Southeastern United States will most likely be tropical, no longer ideal for peach trees but perfect for the Aedes aegypti species of disease-bearing mosquito. In response, some investors are going long on firms conducting clinical trials for dengue and Zika vaccines: One asset manager told me he knew of multiple “Zika strategies.” Pharmaceutical companies foresee robust demand for antimalarials, products typically confined to poor countries; they can look forward to a market in the rich parts of the globe. In Miami, where the expensive neighborhoods lie low near the water, there may be a wave of “widespread relocations,” researchers warn, as the flight from the coast serves to “gentrify higher-elevation communities” like Little Haiti. One study warns that speculators may already be “hedging on South Florida’s gradual exodus” to the central and northern parts of the state. In Greenland, mining companies buy previously useless land rights in order to extract the minerals that melting ice will shortly expose. In addition to uranium and molybdenum — a silvery metal used in steel alloys — the miners expect to find rich reserves of oil, which they fully expect to burn.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 185.87.

The projected upper bound is: 205.76.

The projected lower bound is: 193.49.

The projected closing price is: 199.62.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 64.0090. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 70.58. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 13 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 91. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed down -1.670 at 198.950. Volume was 100% below average (consolidating) and Bollinger Bands were 24% narrower than normal.

Open High Low Close Volume___
200.850 201.000 198.443 198.950 169

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 196.24 181.02 191.00
Volatility: 13 21 39
Volume: 21,844,978 27,182,952 33,297,932

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

APPLE INC is currently 4.2% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into AAPL.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AAPL.O and have had this outlook for the last 53 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition.

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