Posted on 08/19/2020 9:07:05 AM PDT by Swordmaker
Apple today hit a market value of $2 trillion, doubling in valuation in just over two years.
Apple, the first publicly traded U.S. company to reach a $1 trillion market cap, is now the first publicly traded U.S. company to reach a $2 trillion market cap.
Apple first reached a $1 trillion market cap on August 2, 2018.
On July 31, 2020, Apple surpassed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company.
MacDailyNews Take: Congrats, Apple and AAPL shareholders! Onward and upward!
All indicators are that most exchanges will be down today. AAPL always seems to be an indicator of where the markets will go in the short and long term. Fed news is bad
AAPL now at $2.006T price $469 1130a cst
Well, that's good news. I suspect the presplit price will flirt with $500, getting the split price somewhere a bit north of $120.
470 right now
I’m likin’ this.
I’ve heard tell (ahem) that trading in the current shares stops th 26th and trading of the split starts the 31st.
I just quick uplled up the Google search (something of a delay in the figure), shows 471.89 +9.06.
Fell better now? :)
Feel
473.10 +10.27
yep passing the $118 level after split
The always-thin aftermoarket trading is up over a buck from the close.
Drooling, rubbing & wringing hands together
474.95
Oh you have no idea how much can be gleaned from a sensor sitting on one’s skin. Stay tuned.
490.87 USD +17.77 (3.76%)
Seen on the board that some are looking at $525 pre-split, others are saying it will go up to $150 in 3 months and $700 in 3 years
having hard time mopping up all the drool on my desk
I’d been doing real-world things around the house (not nearly enough, but now I can crack open a cold one, all self-satisfied) and just checked again — $494.75 up over $21, ooh, there it’s $494.22. My tiny portfolio has just a whisper of cash, the bulk is in this stock (only since about the 1st of August) and is up 11.59%. I’d be surprised if this doesn’t simmer down a bit, but won’t be surprised if it doesn’t close above $500 by the close on the 25th. Tomorrow is Friday, so naturally I’m tempted to take profits before 4 pm, against the probability that it’ll sell off some tomorrow, leaving me free to rebuy at the lower price. Orrrr, I could screw myself when it rises instead.
Speaking of drool, I wonder if that’s what’s been warping this desk the past few days?
Never understood the ‘sell before spit to get profit’ angle. Held mine since 1995. Collect dividend, accumulate on split. Do strategic reinvest **at times like now** - never sell, unless desperate for cash or completely retired n ready for the old folks home.
When the split happens -- split happens! -- there will be an impact on liquidity of the shares, because the new shares will be cheaper. You're rght of course, same overall value, just split four times as many ways. Selling off shares under the "other people's money" strategy is also a valid reason to invest pre-split.
Buy and hold isn't so much an investment strategy as it is a tax strategy, but my view is, stock investments should only be done from within an IRA, or rather, should primarily be done that way. Buy and hold in non-IRA accounts can make a lot of sense, OTOH, the Oracle of Omaha was or maybe still is up to his ass in Campbell's Soup and a railroad, and just dumped some bank stock (he should have done that somewhere between last October and late February) to pick up Barrick Resources -- which besides being a mining company (red flag in my book) has overseas operations (another red flag) and primarily mines gold (huge red flag).
BTW, the high for the day was $499.47, currently about $4 below that. I was making a snack and successfully locating the power supply to a new 32" monitor (new to me, it was the floor sample at the warehouse club), and a couple other odds and ends, and I missed the high. I suspect it'll flirt with $500 again during aftermarket trading. I suspect that those estimates -- $150 post-split price -- is about right and we're looking at about early- to mid-September to get there. I don't think it'll stop there though, I'd guess the new top will be about $175, but the post-split stock price will never slide down below $100 ever again.
The new lower-priced flagship phones (only the lowest-priced of the three will be truly lower priced) along with the SE and its next speedier iteration are going to blow the doors off, and the A-chip based notebooks are going to be huge sellers among what used to be the college-aged demo of the market.
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