Why I'm watching the market caps of AAPL, MSFT, MCD, AMZN, and TWTR
A company's market capitalization -- or "market cap" -- is the market value of its outstanding shares, calculated by multiplying the stock price and the number of shares outstanding. Interestingly, nearly all the big dogs in the S&P 500 Index (SPX) are at some kind of market-cap-related barrier right now. That said, the market caps of five stocks in particular stuck out to me this week: tech titans
Apple Inc. (NASDAQ:AAPL) and
Microsoft Corporation (NASDAQ:MSFT), fellow blue chip
McDonald's Corporation (NYSE:MCD), e-tail giant
Amazon.com, Inc. (NASDAQ:AMZN), and sinking social media stock
Twitter Inc (NYSE:TWTR).
AAPL and $700 billion
AAPL is in an interesting situation, in that the share price is at
all-time highs; however, market cap -- while being at $700 billion -- is not. Apple Inc. had a market cap of $750 billion in 2015.
MSFT and $500 billion
As with AAPL, MSFT shares are exploring record highs, but market cap -- around $500 billion -- was higher at the height of the tech boom.
MCD and $100 billion
McDonald's Corporation's $100 billion market-cap level has been tested numerous times. Is it finally support?
AMZN and $400 billion
Amazon.com, Inc.'s $400 billion market cap aligns with the stock's $800 level, which has emerged as an important round-number area in recent months.
TWTR and $10 billion
The $14 level lines up with Twitter Inc's $10 billion market cap. In 2016, TWTR touched this level multiple times before bouncing. At last check, TWTR shares are trading at $15.57, and have struggled this week after earnings.
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