U.S. equities have been on a tear in 2012, as welcomed bullish momentum has returned to markets. The Dow recently crossed 13,000 marking a post-crisis high, while the S&P 500 looks to settle above 1,400. Strong data has been at the forefront of gains, as a relatively strong earnings season coupled with a number of healthy economic indicators have come in at encouraging levels. One stock, however, has been outperforming nearly all of its colleagues, as investors seem to have an insatiable appetite for Apple (AAPL), which has recently become the most valuable company in the world by market capitalization [see also How An Apple (AAPL) Dividend Would Impact ETFs]. AAPL is up 43.4%% on the year, as the stock gained massive momentum after first quarter earnings that blew away Wall Street’s wildest expectations. Since then, there has been no stopping the company, as a cash pile of nearly $100 [...] Click here to read the original article on ETFdb.com. Related Posts: How An Apple (AAPL) Dividend Would Impact ETFs Tuesday’s ETF To Watch: QQQ Fund (QQQ) Amid Apple Earnings Global X Debuts NASDAQ ETFs: QQQM, QQQV Wednesday’s ETF To Watch: NASDAQ Fund (QQQ) AAPL Weighting In QQQ To Be Slashed
U.S. equities have been on a tear in 2012, as welcomed bullish momentum has returned to markets. The Dow recently crossed 13,000 marking a post-crisis high, while the S&P 500 looks to settle above 1,400. Strong data has been at the forefront of gains, as a relatively strong earnings season coupled with a number of healthy economic indicators have come in at encouraging levels. One stock, however, has been outperforming nearly all of its colleagues, as investors seem to have an insatiable appetite for Apple (AAPL), which has recently become the most valuable company in the world by market capitalization [see also How An Apple (AAPL) Dividend Would Impact ETFs]. AAPL is up 43.4%% on the year, as the stock gained massive momentum after first quarter earnings that blew away Wall Street’s wildest expectations. Since then, there has been no stopping the company, as a cash pile of nearly $100 [...]
Click here to read the original article on ETFdb.com.
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