Apple and Microsoft neck-and-neck

Apple had the second-largest market cap last week, but Microsoft has reclaimed its position.

By Kim Peterson Apr 26, 2010 3:08PM
I adore Apple (AAPL) products (I'm writing this on a MacBook, in fact) but what kind of crazy world do we live in where Apple claims the second-largest market cap in the S&P 500?

Yes, that happened last week when Apple kicked Microsoft (MSFT) to the No. 3 spot. Well, kind of. See, the S&P doesn't count shares that aren't available for active trading, so that leaves out a big chunk of Microsoft shares (including those held by Bill Gates).

So, if you add those shares, Microsoft is still worth about $25 billion more than Apple, writes Linda Stern at CBS MoneyWatch.com.

At any rate, the companies are pretty much neck-and-neck for the No.2 spot. Monday, Apple dropped back to No. 3 after its shares lost some momentum.

It's still amazing to me, after watching Apple shares flounder for so many years pre-2007, to see this kind of runup. To go from also-ran to market king in just three years is a feat.

Investors are obviously high on the sock. So is this the time to sell Apple? Let me ask you this, would you abandon a company that is firing on all cylinders and recently launched a market-changing new product?

Options strategist Jason Schwarz thinks the stock is headed to $400 and eventually $500 (It's now trading at about $270). It may end up crushing Exxon Mobil (XOM) for the No. 1 spot, he writes.

Related reading:

Three products Apple should make


Apple could soar to $500


Is Apple beating up on Adobe?


Apple and AT&T: Together forever?




0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

117
117 rated 1
280
280 rated 2
478
478 rated 3
656
656 rated 4
650
650 rated 5
640
640 rated 6
647
647 rated 7
482
482 rated 8
277
277 rated 9
126
126 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.