Wednesday, August 5, 2020

NASDAQ hits 11,000; Apple hits $440

Actually, the intraday high for Aug 5 was 11,002.11 and the close is at 10,998.40, so technically it hasn't hit 11,000 yet.

It was at 6861 on March 23, so it has increased 60% since then.  Apple (AAPL) makes up a big chunk of the increase.  It closed today at 440.24.  On March 23 it was at 224.37, so it increased 96% since then.

Just to compare, gold was at $1567 on March 23, and 1477.30 on March 18.  It is now at 2041.57, so it has increased 38% since March 18.  Is Apple the new gold?

More stocks to compare: Facebook was at 146.03 on March 16 and is now at 249.12.  It had a high of 253.67 on July 31.  It increased 73% between the low and high.
Amazon was at 1676.61 on March 12 and is now at 3205.03 which is an all time high. It increased 91%.
Microsoft was at 135.42 on March 16 and is now at 212.94. It had a high of 216.54 on Aug 3 so it increased 60%.
Alphabet (Google) was at 1054.13 on March 16 and is now (Aug 5) at 1479.09.  It had a high 1564.85 on July 22 so it increased 48%.

Before you go buy these at all time highs, remember that the bubble could pop any day.

Update: Tesla (TSLA) was at 361.22 on March 18 and is now at 1485.02.  It had a high of 1643.00 on July 20, so it increased 455%!.

Update 2: Netflix (NFLX) was at 298.84 on March 16 and is now (Aug 24) at 488.81.  It had a high of 548.73 on July 10, so it increased 83%.

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