First, it was Apple (AAPL). Then Amazon.com (AMZN) briefly topped the threshold on an intraday basis. Now, it’s Microsoft’s turn. These days, all four of the largest US companies by market cap – the so-called MAGA stocks – are flirting with the trillion-dollar market cap level. With its blowout earnings report on Wednesday night, MSFT is trading up 5% in the pre-market to a record high, pushing the company’s market cap over the trillion dollar mark. Besides MSFT, AAPL and AMZN are both within 10% of getting back above the trillion dollar mark, and with AMZN set to report today (4/25) and AAPL on the docket next week (4/30), that level could come into play for both stocks provided they report strong numbers. The only four of the MAGA stocks trading more than 10% from the trillion level is Alphabet (GOOGL) with a market cap of ‘just’ $884 billion. For reference, behind these four stocks, the next largest company in the US is Facebook (FB), but with a market cap of under $600 billion even after last night’s EPS report, it remains far behind the top four.
With three of the four MAGA stocks nearing the trillion-dollar level and GOOGL not far behind, these four stocks have become just plain gargantuan. At this morning’s prices, the four stocks have a combined market cap of $3.82 trillion – their highest ever. Start a two-week free trial to Bespoke Institutional to unlock our extremely useful Earnings Explorer tool to stay on top of the latest earnings trends from the MAGA stocks and everyone else!