Google and Apple stock prices in 2013 look like a zero-sum game


AAPL stock has been in the news a lot lately, whether it comes to Warren Buffett’s opinion on buy-backs, the issue of preferred stock, or even its teetering market cap, but a closer look at the company’s NASDAQ fluctuation over the last year oddly shows a parallel to GOOG.

The graph above illustrates both Apple and Google’s highs and lows since September 2012, and, for the most part, they clearly mirror each other. The companies notably entered the zero-sum game in December 2012 and have continued this trend to present day.


The graph above is a more micro look at 2013, and it shows, again, that Google goes up every time Apple goes down.

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iPad 3 press invite and favorable market push AAPL toward half a trillion dollar market cap

Update: AAPL closed at 535.41 but is at 536.37 pushing its market cap over $500B


Some folks noticed that shares of Apple, Inc. surged yesterday morning amid favorable market conditions. Today’s announcement of the March 7 iPad 3 unveiling has managed to push the Cupertino, Calif.-headquartered designer of shiny electronics to a new lifetime high. The Apple stock, which trades on NASDAQ under the AAPL symbol, was up nearly nine points, or more than 1.5-percent, in early afternoon trading.

Valued at $534.08 a share, the company was just shy of $500 billion in market valuation at the time of this writing. Wow, just wow. Talk about the iPad effect.

That is still below Microsoft’s $583 billion valuation from 1999, but the iPhone maker’s getting closer and closer with each passing day. AAPL first crossed the $500 a share milestone the day before Valentine’s Day. Earlier on Feb. 9, 2012, shares of Apple, Inc. passed 10 percent of all of NASDAQ value and traded at $431 a share. In addition, right following Valentine’s Day, Apple first passed the psychological $500 a share barrier. For comparison’s sake, AAPL on Steve Jobs’ Oct. 5, 2011 passing traded at $378.25.

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Apple’s market clout shaking S&P 500, making a run at $500B market cap

Apple’s record-breaking holiday quarter catapulted the stock north of $500 a share for the first time, and now the company’s market size is skewing some pretty important market indices, including the S&P 500 index. Already Apple of California passed 10 percent of all of NASDAQ value and now the company won an “ex-” designation on the S&P 500 index. Beginning in 1957, S&P has published prices of 500 large-cap common stocks actively traded in the United States through the New York Stock Exchange or the NASDAQ. S&P 500 fourth-quarter earnings increased a whopping 6.6-percent year-over-year due to Apple’s gangbuster quarter. Without Apple, S&P 500 grew only 2.8 percent (click the illustration).

The company’s share of S&P 500 now stands at 3.8-percent. For comparison’s sake, Exxon Mobil’s share of S&P 500 is 3.3-percent, Microsoft’s 1.9-percent and IBM’s 1.85-percent. This prompted institutions such as Morgan Stanley, Goldman Sachs, Barclays Capital, Wells Fargo, and UBS AG to begin publishing one version of market updates for the companies that make up the S&P 500 and the other for S&P 500 excluding Apple.

Crazy or what? Here are some more nuggets from Wall Street Journal’s Jonathan Cheng:

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AAPL crosses $500 per share for the first time, now worth more than twice its smartphone rivals combined

Shares of California-based Apple broke a new record today. Image via Chronic

Shares of Apple, Inc. hit a new high this morning. Just as you thought passing 10 percent of all of NASDAQ value was too good to be true, shares of Apple continue to rise and challenge the most intrepid analyst out there. Blame it on an early-March iPad 3 launch hype, but in NASDAQ trading this morning, AAPL crossed $500 a share for a market valuation north of $460 billion. In other words, a single share of Apple now commands a higher price than an iPad 2—remarkable. It rather makes you want to bang your head against the wall for not buying shares at $7 each back in 2003.

Essentially, Apple is now worth a whopping $70 billion more than the oil giant Exxon Mobil, whose market cap stands at $397.85 billion. Moreover, BGR noted Apple is worth more than each one of its smartphone vendor rivals combined. As of Friday’s close, the publication explained, the combined market value of Samsung, Nokia, HTC, Motorola Mobility, RIM, Sony and LG is $225.36 billion, which is less than half Apple’s today valuation. Oh, and remember Apple was weeks from bankruptcy 15 years ago.

Another way to look at it: On Steve Jobs’ Oct. 5, 2011 passing, AAPL traded at $378.25. Note that Microsoft was worth $583 billion in 1999, so Apple still has some catching up to do to become the most valuable company of all time. However, Apple is still undervalued even at $500 a share. Therefore, beating Microsoft’s all-time high market valuation should be a matter of when, and not if.

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AAPL passes 10 percent of all of NASDAQ value as analysts target half a trillion dollar valuation

Apple’s blockbuster holiday quarter sent shares to an all-time high of $431 a share, which is enough to close in on a market valuation of $400 billion. However, that was last month. Today, AAPL briefly passed a record $460 billion market cap with new historical stock price high at $493.97 a share. Exxon Mobil Corporation’s [XOM] market valuation is just $402.72 billion. Analysts featured on Bloomberg Television said Apple is an “absolute phenomenon.”

Both Needham and Canaccord raised their price target for Apple shares to $620 and $650, respectively, maintaining a Buy rating on the stock. At the current market cap, Apple weighs more than 10 percent of NASDAQ and has 52 times Research In Motion’s [RIMM] valuation of just $8.45 billion.

Apple’s market capitalization is double the size of IBM and almost double the size of Microsoft [MSFT]. Heck, it is now almost the size of IBM and MSFT combined, and it surpassed the joint GOOG ($198.9 billion) and MSFT ($256.7 billion) market cap. However, some analysts still deem the company’s valuation “tepid.”

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AAPL shares down only slightly in morning trading

AAPL shares are trading at a relatively small loss of anywhere from 1.5-2.5% from yesterday’s close against a slightly up broader market.  Overnight, shares had been down 5-6% in after hours trading on the news that Steve Jobs would be leaving his CEO role and taking the Chairman role.  This morning Apple opened at 365 and at the time of this writing, Apple is heading towards yesterday’s close, at 370.

I think the truth is that Jobs resignation from the CEO role, while shocking in the short term, had been baked into the share price for a long time now. Read more