537.54 is an important number for Apple. Why? $537.54 marks the level that pushes Apple into a very elite echelon, the $500 billion club. But size has been a curse and all previous members were kicked out of this club rather quickly. Thus far, Apple was only allowed to stay for three days. Here's why that's significant for every U.S. investor.
Apple has become huge and as Apple goes, so goes the market. For better or for worse. That's a bold statement, but here's just how integral Apple is to U.S. stocks in general and what headwinds the company is facing.
How Huge is Apple?
Based on market capitalization, Apple (NasdaqGS: AAPL - News) is the most valuable company in the world. With its recent surge in shares, Apple became the first company to be valued north of half a trillion dollars since ExxonMobil in July 2007.
As a comparison, ExxonMobil is valued around $390 billion. Microsoft's market cap is around $250 billion, Google's around $200 billion, IBM around $220 billion, and Wal-Mart around $210 billion. Since January 2007, AAPL has surged nearly 500%...read more.
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