New Year’s Eve special.
MacDailyNews: Apple rose $2.13 or 0.73% to close at $293.65, a new all-time closing high. During trading today, Apple also reached a new all-time intraday high of $293.67.
Variety: Apple defied gravity with an 86.2% gain despite getting 2019 off to a rocky start in January when it had to warn investors of an earnings revision due to slowing global iPhone sales.
FORTUNE: For the entire decade, Apple’s stock rose nearly tenfold. In other words, someone who invested $10,000 in the company on Jan. 1, 2010 would have $109,627 today in stock gains and dividends.
CNBC: Apple’s trailing price-to-earnings, or P/E, ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over 13, according to FactSet, below its five-year average of 16.2, before finishing 2019 at 24.7, its highest point since 2010.
Barron’s: Tim Cook Has Increased Apple’s Value by More Than $1 Trillion Since Replacing Steve Jobs. No Other CEO Can Say That.
YAHOO FINANCE: Apple shares rose 85% even though its revenue is rising at an unexciting single-digits percentage rate. It added a streaming TV service and started offering a credit card, pretty humdrum stuff.
The Dow’s top 10 performers of 2019:
- Apple +86.2%
- Microsoft +55.2%
- JPMorgan Chase +42.8%
- Viva +42.4%
- United Technologies +40.6%
- Goldman Sachs +37.6%
- Nike +36.6%
- Procter & Gamble +35.9%
- Disney +31.9%
- American Express +30.6%.
The top five U.S. publicly-traded companies, based on market value:
AAPLInvesters: The chart below ranks the top thirty all-time high closing price per share of AAPL. Dates in green indicate closing price was an all-time high at that time.
Apple 3.0: And then there were 10.
My take: Apple nearly reached that magic $300. I expect a bit of profit taking early in the new year—and then a bunch of raised price targets.