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Exxon (XOM +0.2%) again surpasses Apple (AAPL -2.6%) as the world's most valuable company -...

Exxon (XOM +0.2%) again surpasses Apple (AAPL -2.6%) as the world's most valuable company - $417.5B in market cap vs. $412.5B - after the latter's shares slide 14.5% since its earnings report earlier this week. It's a tortoise vs. hare tale: "You have one company that had pretty high expectations for it for the future, and you have Exxon that continues to chip away slow and steady," one analyst sums up.
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Comments (7)
  • Macro Investor
    , contributor
    Comments (8782) | Send Message
     
    When will Amazon overtake Apple? One year?
    25 Jan 2013, 12:52 PM Reply Like
  • dan1944
    , contributor
    Comments (146) | Send Message
     
    Who Cares?
    25 Jan 2013, 12:58 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8782) | Send Message
     
    I do.
    25 Jan 2013, 12:59 PM Reply Like
  • brajaharidas
    , contributor
    Comments (57) | Send Message
     
    Why would AMZN overtake AAPL? Have you seen the PEs AMZN has? I am surprised the stock price is as high as it is for AMZN.
    25 Jan 2013, 02:43 PM Reply Like
  • goofydon
    , contributor
    Comments (233) | Send Message
     
    Financial fundamentals and results will eventually rule the day for both of these stocks - today that is definately not happening.
    25 Jan 2013, 01:19 PM Reply Like
  • Michael O'Neill
    , contributor
    Comments (423) | Send Message
     
    It is a cray market.

     

    AAPL PE 6.06 (ex cash), 137bn in cash, new cash $1bn a week and $40bn+ profits a year, no debt, growth 27% YOY (as per recent earnings), margins 38%.

     

    Amazon PE 67, zero profit, loaded with debt (32% debt to equity ratio), sales growth 15%, profit growth 0%, margins 1.7%.

     

    In all this silly hysteria Apple remains the greatest buying opportunity I have ever seen. They delivered a bumper set of figures, and the future looks very bright indeed.
    25 Jan 2013, 04:14 PM Reply Like
  • docnaka
    , contributor
    Comments (290) | Send Message
     
    Despite the $5 billion market cap. difference in favor of Exxon, AAPL has $137 billion in cash. Doesn't this more than make up for the $5 billion difference?
    26 Jan 2013, 01:46 AM Reply Like
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