#Apple , $2 Trillion stock and mystery of 10:30 AM when large buying happens in #FAANG especially #Apple
#swissbank #softbank #boj #norgesbank are large buyers of these stocks
Apple hit a market cap of $2 trillion, doubling in valuation in just over two years.
#swissbank #softbank #boj #norgesbank are large buyers of these stocks
Apple hit a market cap of $2 trillion, doubling in valuation in just over two years.
Apple first reached a $1 trillion market cap on Aug. 2, 2018. It didn't take long for other tech giants Amazon, Microsoft and Alphabet to match Apple's $1 trillion market cap.
All of Apple’s second $1 trillion came in the past 21 weeks...
All of Apple’s second $1 trillion came in the past 21 weeks...
while the global economy shrank faster than ever before in the coronavirus pandemic.
Investors have started seeing Apple's business less like other hardware makers and more like a software company, as indicated by Apple's quickly rising price-earnings ratio, which is now over 33
Investors have started seeing Apple's business less like other hardware makers and more like a software company, as indicated by Apple's quickly rising price-earnings ratio, which is now over 33
As recently as mid-March, Apple’s value was under $1 trillion after the stock market plunged over fears of the coronavirus.
On March 23, the stock market’s nadir this year, the Federal Reserve announced aggressive new measures to calm investors.
On March 23, the stock market’s nadir this year, the Federal Reserve announced aggressive new measures to calm investors.
Since then, the stock market — and particularly the stocks of Apple, Microsoft, Amazon, Alphabet and Facebook — has largely soared, with the S&P 500 hitting a new high
Apple has also wielded another powerful tool to boost its valuation and enrich its investors and executives
Apple has also wielded another powerful tool to boost its valuation and enrich its investors and executives
stock buybacks. Since the company’s value hit $1 trillion, it has returned $175.6 billion to shareholders, including $141 billion in stock buybacks. Apple has repurchased more than $360 billion of its own shares since 2012,
Apple has increased its buybacks since it used the Trump administration’s 2017 tax law to bring back most of the $252 billion it had once held abroad.
The law saved it $43 billion in taxes on the move, according to the Institute on Taxation and Economic Policy.
The law saved it $43 billion in taxes on the move, according to the Institute on Taxation and Economic Policy.
Apple has $194 billion in cash and bonds. Buying back stock generally increases a company’s share price, in part because it reduces the number of shares for sale.
Critics have argued that it also increases inequality because it mostly enriches wealthy investors and the company’s executives, who are often large shareholders, as is the case with Apple.
Executives and some economists said returning excess cash to shareholders was better than sitting on it.
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