Cliff Notes - The Golden Apple
August 7, 2020
In This Week's Update:
Apple passed Saudi Arabia’s monstrous AramaCo last week to become the largest company on the planet at $1.85 trillion, following a massive quarterly report of nearly $60 billion in 2nd quarter revenue, earnings UP 18% and return on equity at stunning 70.7%.
US stock markets continue to rally and beat the world on the strength and concentration of the tech sector. When Marc Andreeson wrote his now-famous “Why Software is Eating the World” technology was 18% of the S&P500 – now it is 33% on its way to a probable 40%.
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