Apple Inc. (NASDAQ:AAPL) has currently a market cap of about $671 billion. The tech company’s new gadgets were largely a success and now there is news that Tim Cook, Apple’s CEO, has made a deal with the Chinese credit/debit card subscriber, UnionPay. With all the good news coming its way is Apple Inc. (NASDAQ:AAPL) going to hit a trillion dollar market capitalization soon?
“[…] I know that there were many companies that claimed in the year 2000 that they could be trillion dollar companies, but when you hear it from Lee, who is a seasoned investor and recognizes that it is not an expensive stock and ordinarily it could go to a trillion if it continues to make the numbers, I guess we just have to say that this time a trillion dollars isn’t as much as it was worth before,” said Cramer.
Neither Allergan, Inc. (NYSE:AGN) nor The Home Depot, Inc. (NYSE:HD) are going to hit that magical trillion dollar figure anytime soon though. Their respective market caps stand at $62 billion and $131 billion respectively, which is little more than a drop in the bucket for Apple Inc. (NASDAQ:AAPL).
However, Allergan, Inc. (NYSE:AGN) is looking very promising on the growth front, according to Cramer, so Home Depot, Inc. (NYSE:HD) shouldn’t feel very relaxed about domination Allergan in this trillion dollar market capitalization analysis.
Allergan, Inc. (NYSE:AGN) has also been in the news because of tax efficiency that the company is soon going to benefit from on account of its merger talks with Actavis plc (NYSE:ACT) which is willing to pay $219 a share for the company. This is significantly more than what the deal Bill Ackman backed deal could have resulted in for the Botox manufacturer.
Home Depot, Inc. (NYSE:HD) released its Earnings Report for the third quarter today which beat most analyst estimates slightly, but the stock is till down about 1.55% and trading at $96.51. One of the issues is the data breach that the home improvement retailer was involved in recently. Issues concerning its numerical impact on future earnings were largely undetermined during Home Depot, Inc. (NYSE:HD)’s Earnings call.
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