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Apple Dips To Fourth Largest Market Cap

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In the span of a couple of months, Apple (AAPL) has gone from the first Trillion dollar company to the fourth largest in the US. Amazingly, Microsoft (MSFT) has taken the lead over Amazon (AMZN) and Alphabet (GOOGL).

Such a shift actually makes Apple the more appealing stock now. The market tends to over react and going back a few years Microsoft was the best buy as a laggard.

Apple might need a few quarters to bottom out, but the stock will again retest the previous highs.

Disclosure: Long AAPL. Please review the disclaimer page for more details. 

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