Apple And Microsoft leads 2019 U.S. stock rally, analysts bet to continue to beat the market

Apple and Microsoft are leading the u.S. market rally in 2019, according to media reports. The combined market capitalisation of the two companies this year was $819 billion, bringing the Dow Jones Industrial Average to an all-time high. Last week’s figures showed that if these gains were excluded from the Dow, the index would be nearly 1,100 points below its current level.

Ari Wald, Oppenheimer’s head of technical analysis, is betting that both companies will continue to outperform the market.

“We do think the two companies can continue to lead the way, and we don’t have any preference for either company,” Wald said on Monday. We do see a top-down down wind from the rising market, supported by a relatively strong technology sector. It also believes the bull market will continue until 2020.

Apple And Microsoft leads 2019 U.S. stock rally, analysts bet to continue to beat the market

“Compared to the 2012 market, we see Apple’s recent rally as a breakthrough, which bodes well for Apple’s continued lead,” Wald said. “

Apple And Microsoft leads 2019 U.S. stock rally, analysts bet to continue to beat the market

Michael Bapis, managing director of Rockefeller Capital Management, says the shares are suitable for long-term holdings.

“Technology is booming now. I think we’re in a 30-50 year technology boom that we’ll never see again for the next 500 years, so we should look at two companies that have very good earnings and profit growth prospects. They lead not only the technology industry, but also the market, which is what I like. Bapis said.

Apple and Microsoft are up 70 percent and 49 percent respectively this year, while XLK technology ETFs are up 42 percent. The technology sector is the best-performing Standard and Poor’s 500-stock sector this year.

Add a Comment

Your email address will not be published. Required fields are marked *