From Bespoke Investment Group:
Apple (AAPL) has been straight up since the start of the year,
gaining $22 (or 19%) to push it above the $130 level. Below is Apple's
trading range chart, with the red area representing between one and two
standard deviations above the stock's 50-day moving average. As shown,
AAPL is currently trading well into extreme overbought territory at more
than two standard deviations above its 50-day. It's currently at the
very top of its uptrend channel, so we would expect some sort of
"cool-off" period to begin soon.
Apple's (AAPL) ever-expanding market cap continues to make headlines. This morning we tweeted out that Apple's market cap is now larger than the combined market caps of every single stock in the S&P 600 Small Cap index!
Apple is also now more than twice as large as the second largest
company (Exxon Mobil) in the world. Below is a comparison of the market
caps for Apple and Exxon going back to 2000. Just 15 years ago, Apple
was struggling as a public company -- in December 2000 its market cap
had dipped to just $4.65 billion. 15 years later, and Apple now has a
market cap of $770 billion!
Below is a list of the 40 largest stocks in the S&P 500. For
each stock, we highlight its "Apple Multiplier", or the amount that each
company would have to multiply by to reach the size of Apple. As
shown, Apple is currently 2.04x as big as Exxon Mobil -- the second
largest company in the S&P. Apple is more than 3x the size of
companies like...
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