Five years ago, no US company had a market valuation over $1 trillion. Today, five carry that distinction, and two of them have a market cap over $2 trillion at the moment.
That’s a large amount of growth over a relatively short period of time. But it’s possible that these industry-leading tech firms could continue to increase even further in the years ahead.
Apple (AAPL), the largest company by market cap, has become the dominator for consumer-friendly tech. And it’s nearing a $3 trillion valuation. That makes it seem as though it may pause for a while.
But given the company’s strong growth and monster cash flows, it could continue to increase in value even further. And with rumors of Apple getting into the electric car market, a new hot consumer product could be in the mix for a further big move in shares.
Action to take: With the mega-cap company showing revenue growth of 29 percent over the past year and a big profit margin of 26 percent, it’s clear that shares can head higher, no matter the total market cap. Investors can get a growing dividend with a current yield of 0.5 percent right now.
For traders, the March $200 calls, last going for about $4.05, can deliver mid-to-high double-digit gains in the span of a few months, provided shares continue their recent uptrend.
Disclosure: The author of this article has a position in the company mentioned here, and may further trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.