After falling nearly 40% from its high point to its low point in the fourth quarter of 2018, Apple (AAPL) has come roaring back in 2019. Earlier today the stock got within one percent of making a new all-time closing high. You can see the action in the five-year chart for Apple below. (Click here to view an interactive chart of AAPL.) Start a two-week free trial to Bespoke Institutional to access all of our research and our popular interactive Chart Scanner and Trend Analyzer tools.
Apple (AAPL) has been the big winner of the mega caps over the last few months. Below is a chart showing the total return of the five largest S&P 500 stocks since the S&P made its most recent closing low on June 3rd. As shown, Apple has gained 32.5%, which is more than double the next biggest winner — Alphabet (GOOGL) at +16.5%. Microsoft (MSFT) is up 15.1%, while Facebook (FB) is up 9.6% and Amazon (AMZN) is up just 2.5%.
Apple’s (AAPL) recent gains have put the company back in the “trillion dollar market cap” club as well. Right now the club only has two members — MSFT and AAPL. While Microsoft (MSFT) still holds the title of “World’s Largest Company,” Apple is now hot on its heels.
Amazon (AMZN), Alphabet (GOOGL), Facebook (FB) and Berkshire (BRK/B) are the only other companies with market caps above $500 million, and then you have JP Morgan (JPM), Johnson & Johnson (JNJ), Visa (V), and Walmart (WMT) rounding out the top ten.