What’s the most valuable company in the world? It depends what time you ask.
Mid-day the correct answer was Apple .
The tech titan surpassed Exxon as the biggest company in the world shortly before 2 p.m. ET Tuesday as Apple touched $365.10 bringing the company’s market cap to about $338 billion versus Exxon which was trading at $69.23 giving the oil giant a market cap of $337 billion.
However by the close, Exxon again resumed the top spot. Is this Apple milestone a sign of the top?
Karen Finerman doesn’t think so. Over the long-term, she thinks Apple has room to run, as they make inroads into the enterprise or corporate market. And in the near-term, “as the world stabilizes I think this stock will be on the top of people’s buy list and that should generate momentum,” she says.
Tim Seymour is on the other side of the trade. He questions how much longer can Apple continue to knock the cover off the ball. "I don't look at Apple as a computer company I think Apple is the ultimate consumer play."
And Seymour thinks the consumer in the US is facing big problems. "If we're heading into a soft patch, that should be a problem for Apple."
If you're looking for more trades, don't miss our conversation with Dan Niles of Alpha One. Watch the video now!
