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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.
Comments (7)
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    When will Amazon overtake Apple? One year?
    25 Jan 2013, 12:52 PM Reply Like
  • dan1944
    , contributor
    Comments (89) | Send Message
     
    Who Cares?
    25 Jan 2013, 12:58 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    I do.
    25 Jan 2013, 12:59 PM Reply Like
  • brajaharidas
    , contributor
    Comments (53) | 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 (229) | 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 (312) | 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 (258) | 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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