AAPL stock has reached an all-time high three days straight in the week it launched Apple Pay, with the company touching $105.49 today …
The company hit triple-digits for the first time (post stock-split) in August. Analysts responding to last month’s announcements of the iPhone 6, Apple Watch and Apple Pay predicted that the stock would climb.
The company subsequently out-performed both its own guidance and the most bullish of analyst estimates with its record Q4 earnings. Morgan Stanley this month added the stock to its Best Ideas list for investors.
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For the first time since the stock split? Recheck that… because it’s hit triple digits a few times since then, but never over 102.
Correction… it’s never been over 103.30 which it hit on sept 2nd.
What’s Apple’s total worth now? And what’s the gap between them and second place?
The top five U.S. publicly-traded companies, based on market value:
1. Apple (AAPL) – $614.95
2. Exxon Mobil (XOM) – $401.35B
3. Microsoft (MSFT) – $370.96B
4. Google (GOOG) – $368.97B
5. Berkshire Hathaway (BRK-A) – $332.97B
Want a good laugh. Apple’s P/E is being compressed while Microsoft’s P/E is expanding. Go figure that one. I’d say Apple shareholders are getting a tiny bit shafted with Wall Street indicating Microsoft has a brighter future than Apple.