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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