Market Overview

Can Apple Overtake ExxonMobil As #1 By Market Cap? (AAPL, XOM, MSFT, BP, XTO, USO)

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24/7 Wall Street keeps a list of America’s biggest companies by market capitalization rates in its own proprietary Real-Time 500. The issue worth consideration here may seem rhetorical, yet it is almost hard to fathom in thought. Apple Inc. (NASDAQ: AAPL) could overtake ExxonMobil Corporation (NYSE: XOM) as the largest company in America by market capitalization. It was not that long ago that Apple overtook Microsoft Corporation (NASDAQ: MSFT) for the #2 slot, and the issue at hand may be tied largely in part to BP plc (NYSE: BP) and is going to possibly look far different after ExxonMobil closes the XTO Energy Inc. (NYSE: XTO) deal. Still, it is amazing that this notion has even come within the realm of possibilities.

As of yesterday’s close, ExxonMobil Corporation (NYSE: XOM) had a market cap of $287.05 billion based on the 1.36% drop to $61.10. Apple Inc. (NASDAQ: AAPL) has a market capitalization rate of $246.57 billion after its 1.05% drop to $270.97.

To read the rest, head over to 247WallStreet.com

 

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