The race to a trillion dollar market cap continues on with Apple in the lead, Amazon on its tail, with Google and Microsoft on the heels. Facebook would need a spectacular earnings report to contest.
Microsoft is the only one of these which have reported so far, which gives the others a leg up in terms of opportunity.
Of the remainder, here are the implied stock price moves heading into earnings as of today.
Facebook: +/- 5.07%
Amazon: +/- 4.60%
Google: +/- 4.25%
Apple: +/- 3.85%
If those implied moves did transpire to the positive side, the order would not change in terms of the race, however, Apple would be around $30B shy of the trillion dollar target and Amazon would be around $80B shy.
Lastly, these are all technology companies (all 5) who combined have $572B of cash on their balance sheets.
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Sean D. Emory
Avory & Co. Founder & Chief Investment Officer
Disclaimer: This is not a recommendation for purchase or sale of any securities.
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