“Apple (AAPL) was able to retake its 50-day line and the 100 price level on Tuesday,” Alissa Williams reports for Investor’s Business Daily.
“Apple is now on track for its fourth gain in a row,” Williams reports. “Apple hasn’t seen consecutive positive action like that since last September.”
“Meanwhile, Google owner Alphabet (GOOGL),” Williams reports, “is trading 9% below its February high.”
Read more in the full article here.
MacDailyNews Note: Current market values:
• Apple: $571.98 billion
• Alphabet: $502.00 billion
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Well written! 😉
And we all know the Alphabet ain’t worth a plugged nickel.
You might know it but Wall Street certainly doesn’t. Apple is being valued more like struggling IBM than a thriving tech company while Alphabet is treasured as a top-notch tech company with a P/E of 33 and a whopping institutional ownership of 85%. Wall Street’s love of Alphabet makes Apple look downright pathetic. I’m only stating the obvious.
Alphabet is all ZZZZZs.
That made me laugh!
The BBC for one, no doubt many other News outlets too, couldn’t wait to publicise Alphabet’s brief reign as the World’s most valuable company as if a great event had taken place. Not a word a few days later when it fell back again or indeed on the subject since. Through these means of not exactly telling lies but not bothering to tell all the full truth, when it doesn’t suit them or they don’t see it as ‘news’, all set by subjective criteria, wrong assumptions on mass grow that influence our own views, understandings and prejudices and spread like a cancer. Maybe a small example but equally a great proof of concept for more dangerous subject matter and where Apple is oncerned a pretty endless process that leads to so much negative disinformation.
Apple and Alphabet, juggernauts of the technology industry. Can’t wait to drown out Microsoft…?