Tuesday is the second U.S. stock trading day after Apple split its shares at a ratio of 4-1. Prior to this, Apple had already had a trading day with a big gain.
The apple, which has soared for two consecutive days, continues to make history.
In the US stock market on Wednesday, Apple (APPL.US) surged by more than 4%, reaching a peak of US$134.8 in the session, and its total market value exceeded US$2.3 trillion. It sits firmly on the seat of the world’s largest company by market capitalization and surpasses the total market value of the Russell 2000 Index, which tracks small-cap stocks, for the first time in history.
It is worth noting that on Tuesday’s U.S. stock trading day when Apple hit a record high, U.S. e-commerce stocks rose collectively. Canadian e-commerce Shopify and JD.com both rose more than 5 %, both set an intraday record high. Pinduoduo and Alibaba rose more than 2%. Among them, Ali set a new intraday record high. In addition, Amazon also set a new intraday record high.
While many individual stocks set new highs, the three major U.S. stock indexes collectively closed gains on Tuesday. The Dow rose more than 200 points and the S&P 500 index rose 0.75%, both New highs, the Nasdaq rose 1.39%.
For Apple, Tuesday is the second U.S. stock trading day after the stock split at a ratio of 1:4. Apple has already had a big trading day. . Since its listing, Apple has conducted a total of 5 stock splits. The last time it was in 2014, the split ratio was 1:7.
Recently, Apple has broken the top again and again, and the gains have been gratifying. On August 19, Apple’s intraday stock price rose by more than US$468, and its market value exceeded US$2 trillion for the first time, making it the first company with a market value of US$2 trillion. Year-to-date, Apple has risen by more than 80%.
Bank of America analyst Wamsey Mohan pointed out, “Analysis of transaction data over the past few weeks shows that the inflow of funds from retail investors is strong, indicating that the momentum is The strongest factor driving the rise of Apple’s stock price.”
In addition to attracting more investors in the stock split, Apple has recently had good news.
Previously, Apple’s report for the third fiscal quarter of fiscal 2020 as of the end of June showed that revenue increased by 11% year-on-year to $59.685 billion, and net profit increased year-on-year 12% to 11.253 billion US dollars.
During the reporting period, in anticipation of a decline in global smartphone market shipments, the iPhone still maintained a slight growth. iPhone revenue increased by 2% year-on-year to US$26.4 billion, higher than market expectations of US$22.4 billion.
The highly anticipated 5G version of the iPhone also has the latest developments. On Tuesday, there were reports that Apple had asked its suppliers to produce at least 75 million 5G iPhones in the next few months.
Argus analyst Jim Kelleher pointed out that Apple’s stock split signifies confidence in its near-term and long-term prospects, as well as confidence in the upcoming 5G iPhone. Taking into account the extraordinary increase in 5G uplink capacity and download speed, Kelleher believes that the 5G cycle will be a larger source of mobile phone upgrades than the previous 4G LTE cycle.
Another analyst, Amit DaryananiThe bullish trend reflects the strong demand for 5G models of iPhone. He believes that operator subsidies and Apple financing may bring further upside .