GOOG $1,200.96 -5.53 (-0.46%)
Ideas, Updates & Analysis
At some point in the future, people may ask "When did AAPL hit 1 trillion in market cap?".
It happened today Thu, August 2, 2018.
$1 Trillion is $1,000,000,000,000.
Many investors expected this to happen, especially recently.
Just 10 short years ago, in 2008, the market cap was around $100 billion.
What an amazing achievement in a decade.
Also, many investors strongly believe AAPL is still undervalued.
The P/E Ratio is still under 20. Wow!
So do you own AAPL?
If yes, congrats.
It has been a great ride and probably will continue to be.
If no, why not?
The other 3 companies that are within striking distance are AMZN, GOOG and MSFT.
Each of those 3 stocks are in the $800 billion market cap range.
Meanwhile, Apple is on it's way to it's 2nd trillion.
Thu, Aug 2, 2018 AAPL @ $207.39
Thu, Aug 2, 2018 AMZN @ $1,834.33
Thu, Aug 2, 2018 GOOG @ $1,226.15
Thu, Aug 2, 2018 MSFT @ $107.57
Here is the math.
In order to figure out what stock price will bump AAPL's market cap to $1 Trillion, we need to know the number of Shares Outstanding.
Shares Outstanding: 5,074,013,000
Now, let's divide $1 Trillion by the Shares Outstanding.
$1,000,000,000,000 / 5,074,013,000 = $197.08
Apple closed at a new record high today at $193.98
It needs to move up just $3.10 which is about 1.6%.
This could happen as early as tomorrow.
Either way, it really doesn't matter.
It's just a number.
Also, there are a few other stocks that may get to that valuation as well like Amazon, Google, Microsoft.
So let's say you are a little cautious about buying any of these stocks right now.
Another way to get involved in this rally in tech while minimizing single stock risk is buying the Technology Sector SPDR.
The symbol is XLK.
State Street Global Advisors is the company that offers this ETF as well as many others.
The top ten holdings are the who's who in this sector.
Wed, Jun 6, 2018 AAPL @ $193.98
Wed, Jun 6, 2018 AMZN @ $1,695.75
Wed, Jun 6, 2018 GOOG @ $1,136.88
Wed, Jun 6, 2018 MSFT @ $102.49
Alphabet Stock Charts
The 5 year and 1 year stock charts are below.
50 Day Moving Average
The 50 Day Moving Average is at $1182.77 which is 1.54% below the stock price of $1200.96.
200 Day Moving Average
The 200 Day Moving Average is at 1099.64 which is 9.21% below the stock price of $1200.96.
Because both the 50 DMA and 200 DMA are below the current stock price, this can be considered a bullish technical indicator.
GOOG Stock Price
Below are a few key dates for the stock price.
Year To Date
The most recent stock price is $1200.96.
The Year To Date (YTD) return is +12.77%.
52 Week Low
The 52 Week Low stock price is $903.40 set on Mon, Aug 21, 2017 which is 364 days ago.
The current price per share is 32.94% above the 52 week low.
52 Week High
The 52 Week High stock price is $1273.89 set on Fri, Jul 27, 2018 which is 24 days ago.
The current price per share is -5.72% below the 52 week high.
All Time High
The All Time High stock price is $1273.89 set on Fri, Jul 27, 2018 which is 24 days ago.
The current price per share is -5.72% below the all time high.
Below is the EPS, P/E Ratio and Earnings Date.
The Earnings Per Share (EPS) is $23.16.
The Price To Earnings (P/E) Ratio is 53.45.
Stocks can make big percentage moves on the earnings announcement.
Companies announce earnings either before the market open or after the close.
The Earnings Release Date for Alphabet Inc was Mon, Apr 23, 2018.
Since this earnings release 119 days ago, the stock price is up by +11.93%.
Many investors know the importance of a companies earnings report. Also, the market reaction to the earnings release can be even more important and can help in making a prediction of a future price forecast of the shares.
A significant post earnings announcement percentage move can continue or reverse an existing trend for several days or weeks after the earnings date.
The most recent Earnings Release Date was on Mon, Jul 23, 2018, which was 28 days ago.
Since this earnings date, the stock price is up by +1.35%.
Below is important Dividend information.
GOOG currently does not pay a dividend.
You may like this list of best dividend stocks of 2018.
Below are other Media stocks as Alphabet.
GOOG Company Profile
Learn more about Alphabet.
Alphabet Inc is a Communications stock that trades on the NASDAQ and has a market capitalization of $839.33 Billion.
GOOG is also one of the largest companies by market capitalization today.
Alphabet Inc. is a holding company. The Company's businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.
Spend a few minutes browsing the Alphabet Inc, web site at http://www.abc.xyz.