Apple (AAPL) Now Twice as Big as the 2nd Largest Company in the World!
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 General Electric (GE), Procter & Gamble (PG), Facebook (FB) and JP Morgan (JPM). Pretty staggering numbers.
Also of note is how close Google (GOOGL), Berkshire (BRK/B) and Microsoft (MSFT) are getting to over-taking Exxon (XOM) in the #2 spot. All three are within roughly $16 billion in market cap of XOM.
Source: http://www.bespokeinvest.com/thinkbig/2015/2/23/apple-aapl-now-twice-as-big-as-the-2nd-largest-company-in-th.html
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