The 1st Trillion Dollar Company?
This is a Post from the Symbol Surfing Blog from Wed, Jun 6, 2018.
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 I like 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.
What do you think about "The 1st Trillion Dollar Company?"?
Let me know in the comments section!
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Wed, Jun 6, 2018 AAPL @ $193.98
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