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Trading at Noon: The $600 billion Apple

Tuesday, April 10, 2012 - 03:51

April 10 - Apple pierced the $600 billion market cap threshold this morning.

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And today another record high for apple but here's something you haven't heard before. Apple this 600 billion dollar company that's right apple piercing the 600 billion dollar market cap threshold. This morning out it's only the second company ever to reach this rarefied air. Next fitness site Microsoft 1999 record for the highest market cap ever. It just under 600 in nineteen billion dollars meaning from the high it hit. Apple is just a little more than 3% away from grabbing the title of the most valuable publicly traded company. Ever and given that it's not nearly 60% this year doesn't seem like such high hurdle although it is down just a little bit today. Apple's meteoric sales growth hasn't been and then everyone just ask former best buy CEO Brian Dunn who resigned today. The retailer actually does pretty well it comes to selling iphones and ipads. But the margins are tight and just one piece an ugly -- for the big box giant. And included losing battle with Amazon and other online scanners. -- started sales associate in 1985. Became -- in 2009. And since then has watched its stock fall within 31%. Right now it's -- -- 2%. Jamie Dimon JPMorgan -- you a good start 2012 and pocketed one point four billion global investment banking fees in the first quarter. That came at seventeen point six billion Q1 global investment banking equal shrank down 14% from a year ago. JPMorgan beat out Bank of America and Citibank for the top spot. JPMorgan reports earnings on Friday analysts expect earnings per share up sixteen that is down slightly from a year ago. US stocks are seeing red arrows for a bit straight session with earnings season kicking -- today after the bell dragging down the F and 500 right now. We got industrials up more than one an -- and financial not too far behind just about one point 4%. Crude futures -- 51% right now created coming just around one no one Carol. Gold prices are holding steady take a look at treasuries doom and union -- it -- percent today the first time in a month reacting to global growth story. Ever -- let's get some facts to watch -- CNET writers are experts on it Bryant Allen got absent star. I'll tell us the name of the day today with the aluminum maker scheduled reported quarterly results after the market closes. The stock is the first Dow component to report an assortment normally seen as setting the tone from -- earnings season. This quarter the company's results will be especially scrutinized for any clue as to how demand for materials is pulling up and it. Concerns about slowing growth here in the states uncertainties in Europe and fears about a hard landing in China. Prosecutor and I cheers and well today right now dropped more than three and a half percent. But -- hands after soaring over 45% yesterday the stock was up after Microsoft's give did with a billion dollar offer to buy 800 hail out. And shares at Penn Virginia right now they are up more than 13% company will acquire pipeline -- chief gathering for a billion dollars. Drill baby drill that's music to the years of oil rigors and suppliers -- Gulf of Mexico oil drillers recovered. From the BP oil fell eight more deep water rigs are expected in the gulf this year bringing me to keep water count 29. That's close to priest L levels -- be jailed for new jobs and more business as deep water rig when employs about 400 people need lots equipment and support. Some companies that stand to benefit diamond offshore in -- energy which is drilling -- well now. And plans three more -- -- -- and rivers and also bring 600 million dollars and -- energy focusing on shallow water gulf of opportunities. But not retreating and Jen Rogers business writers.

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Trading at Noon: The $600 billion Apple

Tuesday, April 10, 2012 - 03:51