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Apple nears $3 trillion market cap. Why it still has more room to run

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AppleStocks reached all-time heights on Monday. This was the record for a fifth session.

Stock is just one rally from another significant milestone. A stock that gains 2% would trade at $182.86 and give it a $3 trillion market value, which is the biggest ever. S&P 500Stock by far

Boris Schlossberg is the managing director for FX Strategy at BK Asset Management. Although Apple might be too far away to pursue right now, it still hasn’t topped out.

While I am fully aware that Apple stock is currently in an enormous gamma squeeze, I believe Apple will be the most intriguing stock for the next year due to two simple reasons. Their company is the only one among the FANGs with a megacap that produces two new products, the Apple Car as well as the augmented reality/virtuality product. These will hopefully be released sometime in the next year,” Schlossberg said to CNBC.Trading Nation“, Thursday.

Wall Street’s focus has been on the Apple car plan for many years. However, November reports that Apple had reopened its project. had accelerated development of a fully autonomous vehicleShares received a boost

“That’s really what I think that the investors are betting on, because this is going to be their next act… Apple obviously has the history of creating transformative products in the digital space,” Schlossberg said. If they succeed in the space, this is literally the next generation of consumer technology that they may be able own. You have to place a bet that Apple will succeed in this space.

Schlossberg suggests pairing Apple with a speculative position such as Apple. MicrosoftFor its “strong steady subscription revenues business”

To me, Apple is the ideal marriage. I see Microsoft as my annuity and a lotto ticket. He said that this is how he would like it to be played.

Microsoft, Apple’s second-largest stock, is also the largest on Wall Street. It is one of only a few stocks that has a market cap of more than $1 trillion.

Nancy Tengler, chief investment officer and CEO at Laffer Tengler Investments, was asked to pick her favorite trillion dollar stock. Amazon.

“This is a company that has traded sideways for the last 18 months on … tough comps from the 2020 ecommerce binge,” Tengler told CNBC. Tengler said that they have also seen e-commerce share increase and had made the smart choice to keep prices low to grow brand awareness and loyalty. It’s going in their favor, I believe.

Amazon has slashed 9% off its record July high. Since last summer, the stock traded mostly between $3,600 and $3,000 since then.  

We believe there is a lot pricing power because Prime members have increased the amount of their annual purchase and increased their usage of prime benefits. So we feel that prices can be raised. These businesses are also 30% margin, growing at 30% if you include advertising and AWS. Tengler explained that the company seems to be poised for outperformance going into 2022.

Disclosure: Laffer Tengler Investments holds AMZN.

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