Check out this interesting report from THR on how Apple’s shares are rising and the companies that they beat out for being the most valued on Wall Street.
Apple is scheduled to release financial details of its fiscal third quarter Tuesday. On Monday, Baird analyst William Power reiterated his “outperform” rating and $450 price target on the stock.
Shares of Apple were up $8.88 on Monday, or 2.4%, and traded another dollar higher in the after-hours session.
The stock’s close Monday gave it a market capitalization of $345.7 billion, higher than Microsoft ($224 billion), General Electric ($194 billion) and Google ($192 billion), though still shy of Exxon Mobil ($401 billion).
Apple’s value on Wall Street also exceeds the combined value of the seven biggest entertainment conglomerates — News Corp., Sony, Comcast, Time Warner, CBS, Viacom and Walt Disney.
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Apple is doing it big
Its cool but that stock is too high for me unless I just wanted a place to hold my money.