“In analyzing U.S. corporate earnings and stock-market trends, apples-to-apples comparisons may now require tossing out the Apple,” Jonathan Cheng and Brendan Intindola report for The Wall Street Journal.
“Apple Inc.’s success selling consumer gadgets has pushed its share price above $500, cementing its place as the U.S.’s largest company, with a market capitalization of $475 billion,” Cheng and Intindola report. “But its gargantuan size is making it difficult for Wall Street to get a big-picture view of the earnings and margins for other American corporations.”
Cheng and Intindola report, “As a result, some equity analysts are cutting Apple out of the frame—and finding a dimmer outlook for the broader market.”
Read more in the full article here.