The Race is On to Join the ‘Trillion Dollar Club’

The Race is On to Join the ‘Trillion Dollar Club’

The Race is On to Join the ‘Trillion Dollar Club’

$DIA, $SPY, $QQQ, $RUTX, $VXX

Amazon, Microsoft and Alphabet are in the race to become the 2nd publicly-listed US company to reach a $1-T stock market value after Apple (NASDAQ:AAPL) became the 1st to race to the Big T milestone.

Wall Street’s optimism about last year’s 10th anni iPhone, coupled with $20-M/share buyback, have driven Apple’s stock 34% higher over the past 12 months, pushing the company’s stock market value above $1-T Thursday.

Apple’s 12-month gainer is better than the S&P 500’s 14% increase over the past year, but it pales beside Amazon’s 85% rise, propelled by the online retailer’s and cloud computing heavyweight’s super fast revenue and profit growth.

Amazon (NASDAQ:AMZN) is now the 2nd-largest publicly-listed US company, with a market capitalization of $889-B, followed closely by Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), at $856-B and $830-B respectively.

Google-owner Alphabet’s stock has risen 32% over the past 12 months, and is up about 18% YTD.

Together with Facebook (NASDAQ:FB), the 5 largest US companies account for 15% of the S&P 500.

Average analyst price targets put Apple’s stock market value at $1.05 -T, Amazon at $1.02-t, Alphabet at $970-B and Microsoft at $953-B, according to Thomson Reuters data.

Note: past stock gains are not a reliable predictor of future performance, and the rise in Amazon shares in recent years has been exceptional. But Amazon’s market capitalization would overtake Apple’s later in Y 2018 if both companies shares were to continue their 12-month growth pace and it may well win the race.

Friday, the major US stock market indexes finished at: DJIA+136.42 at 25462.58, NAS Comp +9.33 at 7812.02, S&P 500 +13.13 at 2840.09

Volume: Trade on the NYSE came in at 705-M/shares exchanged

  • NAS Comp +13.2% YTD
  • Russell 2000 +9.0% YTD
  • S&P 500 +6.2% YTD
  • DJIA +3.0% YTD

HeffX-LTN Major US Stock Market Indexes Technical Analysis for the Week Ending 3 August 2018

Date Symbol Price Technical Analysis Support Resistance
 3 August 2018 QQQ 180.08 Bullish (0.33) 178.06 182.82
3 August 2018 DIA 254.39 Bullish (0.28) 253.78 255.12
3 August 2018 SPY 283.6 Bullish (0.48) 282.50 284.01

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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