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«inthemoneystocks».
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Featured Post
Stock Market Drunk Off Apple Schnapps
The S&P 500 and NASDAQ continue to push higher, even with
weakness in many leading stocks. This push higher is a result of
the market being drunk, euphoric over the continued major pop in
Apple Inc.
(
AAPL
). The leading technology stock is trading at $524.42, +14.96
(2.94%) and makes up a huge percentage of the
PowerShares QQQ Trust, Series 1 (
ETF
)
(
QQQ
). Its weighting inside the NASDAQ 100 means it can carry the index
higher itself. To put it in even more of a crazy perspective,
the last day of 2011, AAPL closed at $405.00. The high of the day
today is $525.32. That is a whopping 2012 gain of 29.71%.
While Apple continues to rip higher and keeps the markets
higher, it is even more insane to look at other leading stocks
fall. For instance,
JPMorgan Chase & Co.
(
JPM
) is trading at $37.91, -0.01 (-0.03%),
Exxon Mobil Corporation
(
XOM
) is trading at $84.29, -0.38 (-0.45%). Even technology big boy
Amazon.com, Inc.
(
AMZN
) is trading at $191.00, -0.30 (-0.16%).
The fact that the other leading stocks in the market are flat to
lower truly shows the power of Apple Inc. While extremely extended,
the push continues. According to what Wall Street is seeing, when
Apple pulls back, the whole market will pull back.
Gareth Soloway
InTheMoneyStocks.com
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APPLE INC (
AAPL
): Free Stock Analysis Report
AMAZON.COM INC (
AMZN
): Free Stock Analysis Report
JPMORGAN CHASE (
JPM
): Free Stock Analysis Report
EXXON MOBIL CRP (
XOM
): Free Stock Analysis Report
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