“With the stock of Apple reaching a $1 trillion market cap on Thursday, CNBC’s Jim Cramer wanted to highlight the milestone’s importance for investors,” CNBC reports. “‘Apple matters more than the Chinese saying that they won’t stand for President Trump’s tariff raise,’ the Mad Money host said. ‘Apple matters more than whether the yield on the benchmark 10-year Treasury crosses 3 percent or not.'”
Cramer’s 10 reasons why Apple hitting $1 trillion matters for the stock market:
1. The sheer magnitude
2. The ecosystem
3. The consumers
4. The total addressable market
5. The cash hoard
6. The management
7. The skeptics
8. The numbers
9. The inflation
10. The others
Each of the 10 reasons why are elucidated in the full article here.
MacDailyNews Note: See also “Cramer’s ‘They know nothing!’ rant from 2007: The complete transcriptSEE ALSO:
.” In 2007, Cramer sounded off on the Federal Reserve for ignoring signs of the impending financial crisis.SEE ALSO:
Tim Cook’s message to Apple employees about hitting landmark $1 trillion valuation – August 3, 2018
Apple hits landmark $1 trillion valuation – August 2, 2018
The Fed’s relentless destruction of the value of the dollar through quantitative easing?
Give the bankers free money and they buy APPL.
Jeez. Amazon only needs half of those reasons to reach $1T.
What’s really amazing about Apple reaching $1T is Apple’s relatively low P/E. Absolutely nothing like the dot.com era companies that were close to that mark. Amazon is being given a free pass with that P/E of 230 which is higher than many of the dot.com era companies. Amazon shareholders are just so freaking lucky to get such a free ride from a near monopoly of a company. If only Apple were a bit more hungry.
Guys Dont forget PetroChina the that hit $1 Trillion Market cap in 2007!!! being the first company, 12 months later it lost $800 Billion in market cap now worth $230 billion 10 years later.
Dont get too excited about Apple as history always repeats itself
And, could happen to Apple at any given time.
That bit isn’t likely to repeat. Petro China had its IPO on the Shanghai Stock Exchange, which is (obviously) controlled by the Chinese Government, which also owned the company. 80% of the stock was bought by the government in a deliberate effort to bid the stock up. As the government unloaded its holdings to bank the profits, the stock fell to its actual market value.
Not applicable to Apple.