Microsoft’s market cap

Microsoft’s (MSFT) market cap crossed $1 trillion this month amid the recovery in the broader equity markets. The stock is up 6.8% this month and 31.1% YTD (year-to-date).

While the race for a $1 trillion market cap also has Apple and Amazon (AMZN) as contenders, Microsoft has been the winner so far this year.

How Microsoft Trumped Apple and Amazon in the $1 Trillion Race

Apple

Apple’s market cap was below $900 billion based on yesterday’s closing price. The stock is up 11.2% this month, which has taken its YTD gain to 24.5%. Apple is the largest holding in Berkshire Hathaway’s portfolio. However, after steadily adding Apple shares since first taking a stake in 2016, Berkshire Hathaway hasn’t added any Apple shares in the last two quarters. On the contrary, it sold some Apple shares in the fourth quarter.

Apple saw a selling spree in the fourth quarter, losing more than 30% of its market cap. The stock came under pressure last month amid the escalation in the US-China trade war. Apple underperformed the FAANG pack last month but has recouped most of its losses in June.

Amazon

Amazon’s market cap was $918 billion based on yesterday’s closing price. Amazon has gained almost 5% this month and is up 24% for the year. Berkshire Hathaway added Amazon to its portfolio in the fourth quarter. Berkshire chair Warren Buffett made the announcement last month before its annual meeting.

While the top spot in terms of market cap has seen Microsoft, Apple, and Amazon in a tight race over the last year, Microsoft could continue to hold the title even as the other companies struggle to reclaim their 2018 highs.

Latest articles

This year, Pfizer (PFE) stock has fallen 0.34% and Bristol-Myers Squibb (BMY) stock has fallen 6.48%. Both companies are focused on strengthening their position in the high-growth oncology and immunology markets. Let's take a closer look at each.

Walt Disney’s (DIS) latest movie, Toy Story 4, has reportedly broken records in the opening weekend with $118 million in sales. However, the opening weekend collection was behind analysts’ expectations of at least $150 million in the first weekend.

24 Jun

Will Home Depot’s Upward Momentum to Continue?

WRITTEN BY Rajiv Nanjapla

As of June 21, Home Depot (HD) was trading at $209.39, which implies a rise of 9.7% since the announcement of its first-quarter earnings on May 21. Also, the company was trading at a premium of 32.4% from its 52-week low of $158.09 and a discount of 2.8% from its 52-week high of $215.43.

On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.

Shares of Mondelēz International (MDLZ) are scaling new heights thanks to its stellar gains so far this year. Mondelēz stock is up 38.0% on a YTD (year-to-date) basis, and it closed at $55.25—just a shade lower than its 52-week high of $55.71—on June 21.

24 Jun

How Long Will Facebook's Libra Fuel Bitcoin Rally?

WRITTEN BY Mayur Sontakke, CFA, FRM

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.

172.31.71.127