Frankfurt, New York Apple is the first company in the world to break the $ 3 trillion barrier in terms of market value. The shares of the iPhone provider rose on Monday on Wall Street to a record high of $ 182.88. The market capitalization thus reached around three trillion dollars at times. That is more than the UK’s annual economic output and a little less than Germany’s.
“The company has a fantastic range of products and has so much to offer in the years to come,” said Craig Erlam, market analyst at brokerage firm Oanda. “Over the years there have been doubts, especially with regard to innovation, but at the moment the company seems to meet all the criteria.” The jump over the market capitalization mark of four trillion dollars is therefore only a matter of time.
Like numerous other technology companies, Apple is one of the beneficiaries of the coronavirus pandemic. Thanks to the trend towards video calls or online shopping, the company’s stocks rose almost 250 percent from their low after the March 2020 stock market crash.
The US stock exchanges were stronger overall on the first day of trading in the new year. The Dow Jones rose by 0.3 percent to 36,455 points on Monday. The tech-heavy Nasdaq Composite climbed 0.9 percent to 15,792 points during trading, and the broad S&P 500 climbed 0.4 percent to 4,786 points.
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Experts see room for improvement for the US stock exchanges in the further course of the year, albeit not for similarly large leaps as in the past year. “Since the monetary policy support is waning and the pandemic is not over, next year it should come down to a single-digit percentage increase,” said Robert Greil from the Merck Finck bank recently.
Tesla shares are growing strongly
The electric car manufacturer Tesla also started the new year with plenty of tailwind: the share gained more than eleven percent over the course of trading after CEO Elon Musk reported the sixth quarterly record for vehicle deliveries on Sunday. From October to December, Tesla delivered 308,600 e-cars to its customers – significantly more than expected. The increased production at the Tesla plant in China also helped.
Deutsche Bank then reiterated its buy recommendation on Monday. The deliveries are “impressive”, according to an analysis. “We continue to assume that Tesla’s strategy for battery technologies, new capacities and, above all, falling costs will help accelerate the transition to electric vehicles. Tesla’s market share could thus be expanded significantly. “
Analyst Jennifer Liang from investment advisor KGI also praised the numbers. On this basis, she is now expecting 1.48 million units to be delivered in 2022, 58 percent more than in the previous year. At the same time, it is raising its profit forecasts for 2021 and 2022 by eight and 16 percent, respectively.
Tesla can also use the delivery records to distract attention from quality issues. Just last week, the group had to recall almost 700,000 vehicles. The share prices of Tesla rivals Lucid Group and Rivian Automotive temporarily gained a good two and one percent respectively during trading on Monday.
Further individual values in focus:
Nio: The ongoing boom in electric cars is encouraging investors to join Nio. The company doubled sales to 91,429 units in 2021. The Nio share listed in the USA rose at times by more than four percent.
Office Depot: The $ 305 million sale of the Compu-Com IT division boosted Office Depot’s stock. The titles of the office supplies retailer rise by more than six percent over the course of trading. The company also announced that it would add $ 200 million to its share buyback program.
Microsoft: After e-mails got stuck in some versions of Microsoft’s Exchange software at the beginning of the year, the group published a solution to the problem. The cause of the problem was an incorrect date format in a file for the malware scanner integrated in Exchange. As a result, the antivirus software crashed and ensured that e-mails were not forwarded. Nevertheless, the Microsoft share temporarily lost just under one percent on Monday.
US industry is losing momentum
US industry lost some of its momentum towards the end of the year. The purchasing managers index fell in December by 0.6 to 57.7 points, as the IHS Markit Institute announced on Monday for its monthly company survey. The barometer remains well above the growth threshold of 50 points.
Meanwhile, the US real estate market is sending positive signals. Construction spending rose 0.4 percent in November compared to the previous month, as the Ministry of Commerce announced on Monday. However, experts had expected an increase of 0.6 percent, after a revised increase of 0.4 percent in October.
More: These eight stocks are the bearers of hope for the stock market year 2022.