AAPL’s Market Cap Increase Today Was Bigger Than The Entire Market Cap Of 300 S&P500 Companies

AAPL stock roared 2.4% higher today – exactly a year after the company pre-announced earnings downgrades…

Source: Bloomberg

Today was AAPL’s best day since Nov 1st…

…and the stock is now its most overbought since Sept 2018…

Source: Bloomberg

Since pre-announcing the lowered earnings expectations AAPL has added an incomprehensible $660 billion in market cap (adding over a stunning $31 billion in market capitalization today alone)…

Source: Bloomberg

That is more market cap added today than the total market cap of 300 S&P 500 companies…

Zimmer Biomet Holdings, Inc. 30,787
The Hershey Company 30,707
Paychex, Inc. 30,484
YUM! Brands, Inc. 30,467
IHS Markit Ltd. 30,214
Consolidated Edison, Inc. 30,075
Equity Residential 30,050
TransDigm Group Incorporated 29,987
IQVIA Holdings Inc. 29,981
Public Service Enterprise Group Incorporated 29,863
HP Inc. 29,863
eBay Inc. 29,376
AvalonBay Communities, Inc. 29,222
WEC Energy Group, Inc. 29,093
State Street Corporation 28,763
The Williams Companies, Inc. 28,750
Republic Services, Inc. 28,605
T. Rowe Price Group, Inc. 28,471
Southwest Airlines Co. 28,408
KLA Corporation 28,114
AutoZone, Inc. 28,106
Royal Caribbean Cruises Ltd. 27,988
Cintas Corporation 27,904
Motorola Solutions, Inc. 27,609
Eversource Energy 27,542
PACCAR Inc 27,359
SBA Communications Corporation 27,136
Cummins Inc. 27,077
Edison International 27,042
Discover Financial Services 26,588
Agilent Technologies, Inc. 26,462
Parker-Hannifin Corporation 26,441
FirstEnergy Corp. 26,259
Centene Corporation 26,015
Willis Towers Watson Public Limited Company 25,964
ViacomCBS Inc. 25,962
PPL Corporation 25,942
Archer-Daniels-Midland Company 25,802
Fortive Corporation 25,652
Stanley Black & Decker, Inc. 25,194
Pioneer Natural Resources Company 25,074
Microchip Technology Incorporated 25,026
Digital Realty Trust, Inc. 24,992
FleetCor Technologies, Inc. 24,969
DTE Energy Company 24,949
McKesson Corporation 24,924
Twitter, Inc. 24,834
Xilinx, Inc. 24,586
Verisk Analytics, Inc. 24,472
Aptiv PLC 24,245
Hormel Foods Corporation 24,122
Realty Income Corporation 23,997
Alexion Pharmaceuticals, Inc. 23,933
Entergy Corporation 23,852
Kellogg Company 23,590
Rockwell Automation, Inc. 23,479
Synchrony Financial 23,269
Chipotle Mexican Grill, Inc. 23,268
The Kroger Co. 23,209
Cerner Corporation 23,052
Fox Corporation 22,830
AMETEK, Inc. 22,800
Best Buy Co., Inc. 22,721
VeriSign, Inc. 22,622
McCormick & Company, Incorporated 22,572
Northern Trust Corporation 22,510
Weyerhaeuser Company 22,503
M&T Bank Corporation 22,403
IDEXX Laboratories, Inc. 22,400
Corning Incorporated 22,389
United Airlines Holdings, Inc. 22,291
ResMed Inc. 22,283
Dollar Tree, Inc. 22,258
American Water Works Company, Inc. 22,208
Corteva, Inc. 22,123
ANSYS, Inc. 22,030
Align Technology, Inc. 21,992
The Hartford Financial Services Group, Inc. 21,903
Discovery, Inc. 21,894
MSCI Inc. 21,870
Fifth Third Bancorp 21,815
Ventas, Inc. 21,522
Halliburton Company 21,480
Boston Properties, Inc. 21,316
Fastenal Company 21,192
Ball Corporation 21,156
Copart, Inc. 21,139
Ameriprise Financial, Inc. 21,105
Synopsys, Inc. 20,955
Skyworks Solutions, Inc. 20,595
CDW Corporation 20,523
Hewlett Packard Enterprise Company 20,506
Hess Corporation 20,357
CBRE Group, Inc. 20,077
KeyCorp 19,936
Essex Property Trust, Inc. 19,881
First Republic Bank 19,793
Cadence Design Systems, Inc. 19,462
D.R. Horton, Inc. 19,456
Keysight Technologies, Inc. 19,340
Mettler-Toledo International Inc. 19,320
The Clorox Company 19,270
Vulcan Materials Company 19,058
Freeport-McMoRan Inc. 19,036
Ameren Corporation 18,895
Western Digital Corporation 18,876
Incyte Corporation 18,809
Alexandria Real Estate Equities, Inc. 18,606
DISH Network Corporation 18,547
Garmin Ltd. 18,546
Fortinet, Inc. 18,260
W.W. Grainger, Inc. 18,235
International Paper Company 18,057
CMS Energy Corporation 17,835
Arthur J. Gallagher & Co. 17,763
Citizens Financial Group, Inc. 17,654
Omnicom Group Inc. 17,641
Nasdaq, Inc. 17,555
AmerisourceBergen Corporation 17,508
Martin Marietta Materials, Inc. 17,478
Concho Resources Inc. 17,467
Teleflex Incorporated 17,428
Amcor plc 17,375
Lennar Corporation 17,302
Church & Dwight Co., Inc. 17,262
Cincinnati Financial Corporation 17,179
MGM Resorts International 17,134
Nucor Corporation 17,065
Healthpeak Properties, Inc. 17,061
Equifax Inc. 16,966
Dover Corporation 16,743
Conagra Brands, Inc. 16,663
Baker Hughes Company 16,656
Maxim Integrated Products, Inc. 16,645
WellCare Health Plans, Inc. 16,619
Regions Financial Corporation 16,553
Laboratory Corporation of America Holdings 16,426
Tiffany & Co. 16,036
NortonLifeLock Inc. 15,905
The Cooper Companies, Inc. 15,763
Expedia Group, Inc. 15,668
Seagate Technology plc 15,631
Loews Corporation 15,613
Huntington Bancshares Incorporated 15,574
Arista Networks, Inc. 15,540
Genuine Parts Company 15,435
Principal Financial Group, Inc. 15,272
Kansas City Southern 15,181
Old Dominion Freight Line, Inc. 15,149
Live Nation Entertainment, Inc. 15,061
Waters Corporation 15,055
Mid-America Apartment Communities, Inc. 15,041
Wabtec Corporation 14,913
Campbell Soup Company 14,908
Diamondback Energy, Inc. 14,899
Celanese Corporation 14,882
Wynn Resorts, Limited 14,835
Evergy, Inc. 14,834
Cardinal Health, Inc. 14,794
Ulta Beauty, Inc. 14,470
Hasbro, Inc. 14,452
Citrix Systems, Inc. 14,441
CenturyLink, Inc. 14,402
Quest Diagnostics Incorporated 14,384
MarketAxess Holdings Inc. 14,377
CarMax, Inc. 14,360
NetApp, Inc. 14,207
Xylem Inc. 14,188
Broadridge Financial Solutions, Inc. 14,163
NVR, Inc. 14,072
Akamai Technologies, Inc. 13,959
Leidos Holdings, Inc. 13,858
Hologic, Inc. 13,828
Gartner, Inc. 13,785
International Flavors & Fragrances Inc. 13,776
Zebra Technologies Corporation 13,774
CenterPoint Energy, Inc. 13,696
UDR, Inc. 13,686
Extra Space Storage Inc. 13,679
Atmos Energy Corporation 13,676
Qorvo, Inc. 13,503
Darden Restaurants, Inc. 13,365
Arconic Inc. 13,322
Host Hotels & Resorts, Inc. 13,304
Cboe Global Markets, Inc. 13,293
Expeditors International of Washington, Inc. 13,287
Masco Corporation 13,284
The AES Corporation 13,212
Alliant Energy Corporation 13,152
Take-Two Interactive Software, Inc. 13,134
IDEX Corporation 13,082
Franklin Resources, Inc. 12,968
SVB Financial Group 12,946
FMC Corporation 12,938
STERIS plc 12,923
Varian Medical Systems, Inc. 12,910
Duke Realty Corporation 12,744
W. R. Berkley Corporation 12,692
Vornado Realty Trust 12,692
DENTSPLY SIRONA Inc. 12,586
Lamb Weston Holdings, Inc. 12,566
Universal Health Services, Inc. 12,564
American Airlines Group Inc. 12,564
United Rentals, Inc. 12,534
J.B. Hunt Transport Services, Inc. 12,446
Norwegian Cruise Line Holdings Ltd. 12,427
Raymond James Financial, Inc. 12,410
Jacobs Engineering Group Inc. 11,970
Noble Energy, Inc. 11,881
The J. M. Smucker Company 11,877
Lincoln National Corporation 11,704
Molson Coors Beverage Company 11,691
Allegion plc 11,572
Globe Life Inc. 11,397
Everest Re Group, Ltd. 11,290
The Western Union Company 11,228
Jack Henry & Associates, Inc. 11,207
WestRock Company 11,081
Tractor Supply Company 11,062
Advance Auto Parts, Inc. 11,027
LKQ Corporation 10,941
Avery Dennison Corporation 10,924
Marathon Oil Corporation 10,863
Rollins, Inc. 10,858
PerkinElmer, Inc. 10,788
Eastman Chemical Company 10,778
C.H. Robinson Worldwide, Inc. 10,577
Regency Centers Corporation 10,572
Packaging Corporation of America 10,520
PulteGroup, Inc. 10,515
NiSource Inc. 10,400
CF Industries Holdings, Inc. 10,380
Mylan N.V. 10,374
Comerica Incorporated 10,343
Huntington Ingalls Industries, Inc. 10,261
Textron Inc. 10,181
E*TRADE Financial Corporation 10,160
Pinnacle West Capital Corporation 10,109
NRG Energy, Inc. 10,001
Devon Energy Corporation 9,975
Henry Schein, Inc. 9,791
Mohawk Industries, Inc. 9,768
Federal Realty Investment Trust 9,722
National Oilwell Varco, Inc. 9,665
DXC Technology Company 9,623
Apache Corporation 9,623
DaVita Inc. 9,612
TechnipFMC plc 9,585
Whirlpool Corporation 9,324
Snap-on Incorporated 9,291
Under Armour, Inc. 9,200
Iron Mountain Incorporated 9,151
Fortune Brands Home & Security, Inc. 9,092
BorgWarner Inc. 8,958
The Interpublic Group of Companies, Inc. 8,957
Zions Bancorporation, National Association 8,851
Ralph Lauren Corporation 8,747
Kimco Realty Corporation 8,744
Coty Inc. 8,526
F5 Networks, Inc. 8,490
News Corporation 8,394
Alaska Air Group, Inc. 8,345
Juniper Networks, Inc. 8,244
The Mosaic Company 8,196
Invesco Ltd. 8,161
Newell Brands Inc. 8,138
HollyFrontier Corporation 8,124
Kohl’s Corporation 7,977
Xerox Holdings Corporation 7,971
Assurant, Inc. 7,948
A. O. Smith Corporation 7,771
Albemarle Corporation 7,745
Pentair plc 7,710
Abiomed, Inc. 7,703
IPG Photonics Corporation 7,691
Apartment Investment and Management Company 7,690
PVH Corp. 7,672
People’s United Financial, Inc. 7,498
Tapestry, Inc. 7,442
SL Green Realty Corp. 7,361
Nielsen Holdings plc 7,223
Robert Half International Inc. 7,202
Cabot Oil & Gas Corporation 7,102
Perrigo Company plc 7,031
FLIR Systems, Inc. 6,985
Leggett & Platt, Incorporated 6,689
The Gap, Inc. 6,600
Flowserve Corporation 6,513
Nordstrom, Inc. 6,355
Sealed Air Corporation 6,154
Unum Group 6,015
Quanta Services, Inc. 5,794
Capri Holdings Limited 5,785
Harley-Davidson, Inc. 5,668
Hanesbrands Inc. 5,371
Macy’s, Inc. 5,252
Cimarex Energy Co. 5,250
Alliance Data Systems Corporation 5,168
L Brands, Inc. 5,010
Helmerich & Payne, Inc. 4,927
H&R Block, Inc. 4,584

So bulls must be hoping that Tim Cook downgrades earnings expectations again this quarter!!

And while it’s all shits and giggles for the bulls, we do note that AAPL’s volatility is rising…

Source: Bloomberg

Hedgers? Or leveraged longs panicking into the “can’t lose, won’t lose” stock?

Tyler Durden

Thu, 01/02/2020 – 16:26

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