Sooo... Everything's fine. - Get ready for China to dump almost a trillion dollars in treasuries over night.

Apple becomes first U.S. company to reach $3 trillion market cap -

* **Apple hit a market cap of $3 trillion briefly during trading on Monday.**
* **The milestone is mostly symbolic but it represents investor recognition of Apple’s success over the past few years as the company has reported several ... See More record-breaking quarters of big growth in all of its product lines.**
* **Apple’s cash flow also makes the stock a safe haven during times of market uncertainty.**

Apple briefly hit a market cap of $3 trillion during intraday trading on Monday, before dropping back under the mark shortly afterwards. Apple broke the barrier when its share price hit $182.86.

Apple rose 2.5% on Monday to close at $182.01, just missing closing the trading day at the $3 trillion mark.

The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability to grow. At a market value of $3 trillion, Apple tripled its valuation in under four years. And analysts see plenty of room to run.

Apple showed annual growth across all of its product categories in its fourth-quarter earnings, with revenue up 29% year-over-year. While the iPhone is still the biggest sales driver, Apple’s services business grew 25.6% year-over-year and delivered more than $18 billion in revenue during the quarter.

In December, for example, Morgan Stanley’s Katy Huberty raised the firm’s price target on Apple from $164 to $200, and maintained the equivalent of a buy rating, arguing that new products like virtual reality and augmented reality headsets aren’t yet baked into the share price.

Huberty also said she expects Apple’s App Store revenue to outperform Morgan Stanley’s forecasts for the quarter and for Apple to ship 83 million units during the December quarter, 3 million more than anticipated.

Apple sold 27 million pairs of its newest AirPods model over the holidays, driving 20% year-over-year growth for Apple’s wearables business during the quarter, analyst Ming-Chi Kuo of TFI Asset Management Limited said in a Monday note.

Wedbush analyst Daniel Ives wrote on Sunday that the mark is a “watershed moment” but has more room to grow, especially since Ives values Apple’s services business at $1.5 trillion.

Investors also turned to Apple as a safe haven during recent market uncertainty, thanks to its strong balance sheet and prodigious cash flow, which it uses to invest in new products, stock buybacks and to return capital to shareholders through dividends.

Apple became the first publicly traded U.S. company to hit a $1 trillion market cap during intraday trading on Aug. 2, 2018. It hit a $2 trillion valuation just over two years later on Aug. 19, 2020.

Apple’s peers aren’t far behind. Microsoft is worth about $2.5 trillion, Amazon has about a $1.75 market cap and Google’s market valuation is just shy of $2 trillion.

Apple stock rose 34% in 2021.

AI's influence on the S&P 500

Fed leaves rates unchanged, pausing after 10 consecutive hikes

Whatcha Doin' Here, Huh?

3 Different Retirement Accounts:

SEC Charges Investment Adviser Sabby Management and Principal in Abusive Naked Short Selling Scheme

11 companies that own everything:

Inflation rose at a 4% annual rate in May, the lowest in 2 years

Historically, it's better to invest at the market close than at market open (most gains occur after the close)

JUST IN: US May CPI 4.0% year over year versus 4.1% expected. Core MoM: 0.4% as expected

What’s your take on this S&P 500 graph. Recession coming? Imminent? Not at all?

Inflation... recession... something... something... Meanwhile the S&P500 is climbing up and up. Never listen to the experts who "predict of the future".

What a lie

House Republicans Propose Bill to Remove SEC Chair Gary Gensler - The Retail Chronicle