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It really was a matter of time before the cash-rich, high-margin tech giant emerged as a leader in our diverse mix of best investments for 2015.
AAPL stock's recent ascendance propelled the company to an unheard of market cap of $736.6 billion. That makes it the highest valued company on the market. The No. 2, Exxon Mobil Corp. (NYSE: XOM), is far behind Apple at a $391.1 billion valuation.
The Apple stock price in 2015 is up nearly 15%. Its 2015 surge really began to pick up steam on an earnings release Jan. 27. Apple earnings were record-breaking. The company posted record quarterly revenue of $74.6 billion. It reported profits of $18 billion. This goes with earnings-per-share growth of 48%. These numbers were buoyed by record sales in iPhones, Macs, and record purchases in the App Store.
Special Report: Here's why Apple will hit historic highs in 2015...
On that day alone, AAPL stock gained 5.7%. It has since advanced another 10%.
And even with this rapid gain, AAPL stock is not overvalued.
"It's still inexpensive at this level," Money Morning Capital Wave Strategist Shah Gilani said Wednesday on FOX Business' "Varney & Co." "It's a cash-flow generating machine."
Apple's cash flow as of most recent reporting was $33.7 billion. That is why the Apple cash hoard currently sits at a remarkable $178 billion. That much cash alone is the equivalent to mega-cap stock valuation. To put it in perspective, Walt Disney Co. (NYSE: DIS) is worth $176 billion. And that's saying a lot - Disney is one of the top 50 largest companies by market cap.
There's really no reason not to buy AAPL stock. It is making a run at a trillion dollar market cap. And 2015 will continue to be a productive year.
"They are such a juggernaut," Money Morning Technical Trading Strategist D.R. Barton said yesterday (Thursday) in an appearance on FOX Business' "Varney & Co." "If you're a money manager and you don't have Apple in your portfolio it's basically financial suicide."