Apple is Now Worth More Than the Combined Market Cap of Stocks in Russell 2000
Mooers, what do you think? Is Apple overvalued or small cap stocks undervalued?
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Dream Weaver : overvalued, but suppported by instutions
SonnyM : Market is usually efficient according to EMH but it can get crazy. The future of AAPL seems bright but may have more anti-trust issues
Dillon Wilson : overvalued
courteous Wombat_708 : Apple to high
antwang2000 : Apples are in the middle of the day now, hehe, let's look at them again in a few years
70560140 : Think Tesla should b much higher as well
Ultratech : Chipotle is a better managed company
727727727 : is their profit also higher than the total of the Russell 2000 combined? I've frankly never understood the fascination with apple - IMHO they're a second tier (proprietary closed system nonsense) pseudo-tech firm. 50% of their mythos (and value) is marketing and brainwashed fanboys.
裕廊阿韭 : Look at why this last happened. In 2020, due to the pandemic small cap dropped a lot while Apple dropped less, being more defensive.
How it shortly ended was caused by the money printing fuelled speculation rallied small cap more than Apple.
Now being back to similar market cap just reveals that the speculation on the market is severely reduced again due to the expensive capital and bad economy.
Anyway, ai don't currently hold any Apple stock any more, sold them at $155 for 35% profit, thinking it was overvalued, just as small cap now too. IWM has come up a lot in the last two weeks.
裕廊阿韭 : Still believe Apple is on the uptrend in the long run, just waiting for another local low to go in again.
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