Apple stock bounces

Apple stock has been on something of a tear lately. Today, it closed above $665, an all time high for the company. And, if you ignore inflation, Apple today passed Microsoft’s all-time high market capitalization ($618 Billion) with an Apple market cap of $623 Billion. For the calendar year to date, Apple is up 64%.

But keep in mind: past performance is not necessarily indicative of future performance.

Disclosure: I am long AAPL.