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New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!

When Steve Jobs announced that he was resigning as CEO of Apple last month, many wondered how the market would respond to the news. With Tim Cook at the helm as the new CEO of Apple, investors need not worry -- in fact, Apple's stock is performing better than ever.

AAPL hit a high of $411.85 today and is now hovering around the $410 mark with just under an hour left before trading ends today. The stock is up 2.4 percent today while the overall market is down 1.28 percent. 

Apple Inc. now has a market cap of $380 billion compared to $355 billion for Exxon Mobile Corporation.



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RE: Wow
By silverblue on 9/20/2011 2:47:17 AM , Rating: 2
I'm surprised people aren't buying Apple stocks instead of gold... or perhaps they are? I'd rather sink money into technology stocks than into a volatile commodity, but that's me, although I can't afford either so the point is rather moot.


RE: Wow
By TakinYourPoints on 9/20/2011 4:04:39 AM , Rating: 2
People have been. There is a strong case for both btw, the main case for gold and other precious metals being the continued devaluation of the USD (commodities like gold and oil are priced in US Dollars, so when the value of the dollar drops it puts upward pressure on commodities).

In any case, having all of your eggs in one basket is never a good thing. There are many investors who have both technology and commodities in their portfolios.


"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard














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