Apple at $2T. Compare to FTSE 100

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Apple stock has been on a roll ever since the last earning report issued June 27th that clearly showed that Apple products and services were indeed in demand as Covid 19 rocked the world.

The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue.

Apple IR

Apple further demonstrated its financial power with a $0.82 dividend and a 4-1 stock split.

At a vale of $2Trillion, Apple is around the same size as the entire FTSE 100.

Lets see how those two compare. The FTSE is 100 of the largest UK listed companies and contains household names such as BP, Astra Zeneca, Barclays, BT, GSK, ITV, Ocado, Tesco and Unilever.

The collection of the top 100 is headed by drug companies – Astra Zeneca and GSK and £110B and £76B in market cap. Energy firms make up 10% with BP and Shell. Banks and other financials comprise 17%. Mining and Materials 12%. Chuck in a few Telecoms like BT and Vodafone at £10B and £30B respectively, BAT, Imperial and Diageo for smoke and drinks at £60B, £11B and £60B and you have a basket of large but not huge companies that are growing modestly at best plus a large number are slashing dividend payouts. Would you invest in this basket?

Payout

The FTSE 100 payout has fallen from £91 billion in January to £62 billion in June, with just 10 firms expected to generate 55% of the projected payout, after 48 companies in the U.K’s index of leading stocks have either cut, deferred or canceled dividends as a result of the coronavirus crisis.

Apple increased dividend payout to $0.82 from $0.77 pre quarter over the last year.

IT focus?

The FTSE contains just a handful of IT stocks: Avast, Avera, Ocado and Sage. And of these Avast is not British, leaving the UK with a sorry state of technology stocks.

Compare these two charts for the last 12 months:

Apple $195 to $475 or FTSE 7,000 to 6,000.

With Apple growing at 11% and about to launch a new CPU based in ARM which will break Intels dominance and tax, Apple is about to enter a new level of global computing.


The following table lists the FTSE 100 companies after the changes on 22 June 2020.

CompanyEPICFTSE Industry Classification Benchmark sector
3iIIIFinancial Services
Admiral GroupADMNonlife Insurance
Anglo American plcAALMining
AntofagastaANTOMining
Ashtead GroupAHTSupport Services
Associated British FoodsABFFood Producers
AstraZenecaAZNPharmaceuticals & Biotechnology
Auto Trader GroupAUTOMedia
AvastAVSTSoftware and Computer Services
AvevaAVVSoftware & Computer Services
AvivaAV.Life Insurance
BAE SystemsBA.Aerospace & Defence
BarclaysBARCBanks
Barratt DevelopmentsBDEVHousehold Goods & Home Construction
Berkeley Group HoldingsBKGHousehold Goods & Home Construction
BHPBHPMining
BPBP.Oil & Gas Producers
British American TobaccoBATSTobacco
British LandBLNDReal Estate Investment Trusts
BT GroupBT-AFixed Line Telecommunications
BunzlBNZLSupport Services
BurberryBRBYPersonal Goods
Coca-Cola HBCCCHBeverages
Compass GroupCPGSupport Services
CRH plcCRHConstruction & Materials
Croda InternationalCRDAChemicals
DCC plcDCCSupport Services
DiageoDGEBeverages
EvrazEVRIndustrial Metals & Mining
ExperianEXPNSupport Services
Ferguson plcFERGSupport Services
Flutter EntertainmentFLTRTravel & Leisure
FresnilloFRESMining
GlaxoSmithKlineGSKPharmaceuticals & Biotechnology
GlencoreGLENMining
GVC HoldingsGVCTravel and Leisure
HalmaHLMAElectronic & Electrical Equipment
Hargreaves LansdownHLFinancial Services
Hikma PharmaceuticalsHIKPharmaceuticals & Biotechnology
HomeserveHSVConsumer services
HSBCHSBABanks
Imperial BrandsIMBTobacco
InformaINFMedia
InterContinental Hotels GroupIHGTravel & Leisure
Intermediate Capital GroupICPInvestment Services
International Airlines GroupIAGTravel & Leisure
IntertekITRKSupport Services
ITV plcITVMedia
JD SportsJD.General Retailers
Johnson MattheyJMATChemicals
Just Eat TakeawayJETSoftware and Computer Services
KingfisherKGFRetailers
Land SecuritiesLANDReal Estate Investment Trusts
Legal & GeneralLGENLife Insurance
Lloyds Banking GroupLLOYBanks
London Stock Exchange GroupLSEFinancial Services
M&GMNGAsset Managers
Melrose IndustriesMROAutomobiles & Parts
MondiMNDIForestry & Paper
MorrisonsMRWFood & Drug Retailers
National Grid plcNG.Gas, Water & Multi-utilities
NatWest GroupNWGBanks
Next plcNXTGeneral Retailers
OcadoOCDOFood & Drug Retailers
Pearson plcPSONMedia
Pennon GroupPNNWater
Persimmon plcPSNHousehold Goods & Home Construction
Phoenix GroupPHNXLife Insurance
Polymetal InternationalPOLYPrecious Metals and Mining
Prudential plcPRULife Insurance
Reckitt BenckiserRB.Household Goods & Home Construction
RELXRELMedia
Rentokil InitialRTOSupport Services
Rio TintoRIOMining
RightmoveRMVMedia
Rolls-Royce HoldingsRR.Aerospace & Defence
Royal Dutch ShellRDSAOil & Gas Producers
RSA Insurance GroupRSANonlife Insurance
Sage GroupSGESoftware & Computer Services
Sainsbury’sSBRYFood & Drug Retailers
SchrodersSDRFinancial Services
Scottish Mortgage Investment TrustSMTEquity Investment Instruments
SegroSGROReal Estate Investment Trusts
Severn TrentSVTGas, Water & Multi-utilities
Smith & NephewSN.Health Care Equipment & Services
DS SmithSMDSGeneral Industrials
Smiths GroupSMINGeneral Industrials
Smurfit KappaSKGGeneral Industrials
Spirax-Sarco EngineeringSPXIndustrial Engineering
SSE plcSSEElectricity
Standard CharteredSTANBanks
Standard Life AberdeenSLAFinancial Services
St. James’s Place plcSTJLife Insurance
Taylor WimpeyTW.Household Goods & Home Construction
TescoTSCOFood & Drug Retailers
UnileverULVRPersonal Goods
United UtilitiesUU.Gas, Water & Multi-utilities
Vodafone GroupVODMobile Telecommunications
WhitbreadWTBRetail hospitality
WPP plcWPPMedia

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