Apple Now Worth More Than These 5 Leading U.S. Retailers (Including Amazon And Walmart), 2 Beverage Giants Combined
Portfolio Pulse from Chris Katje
Apple Inc (AAPL) has surpassed the $3 trillion market capitalization mark for the second time, making it worth more than the combined value of five leading US retailers and two beverage giants. These include Amazon.com, Inc. (AMZN), Walmart Inc (WMT), Home Depot Inc (HD), Costco Wholesale Corporation (COST), Lowe’s Companies inc (LOW), Coca-Cola Co (KO), and PepsiCo, Inc. (PEP). Apple's stock has risen 54% in the first half of 2023 and is expected to continue performing well in the second half.
July 03, 2023 | 5:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple's market cap is now larger than that of Amazon.
Apple's market cap surpassing that of Amazon could potentially have a negative impact on Amazon's stock price as it indicates that Apple is currently outperforming Amazon.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's market cap is now larger than that of Costco.
Apple's market cap surpassing that of Costco could potentially have a negative impact on Costco's stock price as it indicates that Apple is currently outperforming Costco.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's market cap is now larger than that of Home Depot.
Apple's market cap surpassing that of Home Depot could potentially have a negative impact on Home Depot's stock price as it indicates that Apple is currently outperforming Home Depot.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's market cap is now larger than that of Coca-Cola.
Apple's market cap surpassing that of Coca-Cola could potentially have a negative impact on Coca-Cola's stock price as it indicates that Apple is currently outperforming Coca-Cola.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's market cap is now larger than that of Lowe's.
Apple's market cap surpassing that of Lowe's could potentially have a negative impact on Lowe's stock price as it indicates that Apple is currently outperforming Lowe's.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's market cap is now larger than that of PepsiCo.
Apple's market cap surpassing that of PepsiCo could potentially have a negative impact on PepsiCo's stock price as it indicates that Apple is currently outperforming PepsiCo.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Apple's market cap is now larger than that of Walmart.
Apple's market cap surpassing that of Walmart could potentially have a negative impact on Walmart's stock price as it indicates that Apple is currently outperforming Walmart.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Apple's market cap has surpassed $3 trillion, indicating strong performance and growth.
Apple's market cap has surpassed $3 trillion for the second time, indicating strong performance and growth. This is likely to have a positive impact on its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100