How the Mega-Caps Shape Up
|March 6, 2013||Posted by Cory Mitchell, CMT under Stocks & Stock Market Analysis|
Check out my latest column on Investopedia, where I provide my views on mega-caps Apple (AAPL), Exxon (XOM), Google (GOOG) and Walmart (WMT) and how to trade–or not trade–them:
The Dow Jones Industrial Average set a record high on March 5, closing out the day at 14,253.77 and hitting 14,286 intra-day. The S&P 500 hasn’t made a record high yet, but is in the vicinity, closing out March 5 at 1539.79; the record high for the index is 1576.09 set in 2007. The mega-cap stocks (with average volume over 1M shares/day) aren’t all singing the same tune though. Even with the index hitting new highs, investors need to be very selective, as some of the most popular and well-known stocks are bucking the trend, while others surge.
Apple (Nasdaq:AAPL) is the most extreme case of a popular stock bucking the trend….