How about them Apple shares?
In just one month's time, Apple stock has risen 17 percent up to new all-time highs, meaning the company is worth an additional $99 billion in market capitalization. It's a stunning creation of value that dwarfs the entire market caps of 92 percent of the S&P 500—and has some traders warning that it's time to get protection.
From its open on Oct. 17 to its open on Nov. 17, Apple shares have risen $16.81, or 17.2 percent. With 5.865 billion shares outstanding, that's an increase in market cap of $98.6 billion.
"The thing is crashing up right here," is how Dan Nathan of RiskReversal.com put it Friday on CNBC's "Options Action."
Read MoreAt new highs, Apple only starting to ripen: Analysts
So just how much is $98.6 billion?
It's more than the current market cap of 460 of the S&P 500 companies, for one. In one month, Apple has added more value than companies such as McDonald's, Boeing, Goldman Sachs, or Nike are worth.
Apple's fresh $98.6 billion in value is worth double the value of FedEx, triple the value of Deere, four times the value of Carnival Corp, five times the value of Dollar General, six times the value of Harley-Davidson, seven times the value of Tiffany, eight times the value of Best Buy, and almost 20 times the value of GameStop.
via apple - Google News http://ift.tt/1u3B9GH
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