Google's parent company is the fourth U.S. company to hit the mark, with Apple AAPL and Amazon AMZN hitting the level in 2018 and Microsoft reaching it for the first time in April 2019. Apple is currently the most valuable public U.S. company with a market cap of $1.38 trillion, followed by Microsoft at $1.27 trillion and now Alphabet. Since reaching its high in 2018, Amazon’s market cap is now down to $930 billion.
Alphabet shares have risen 6% this year amid strong momentum for large-cap technology stocks. The stock has risen 33% in the last 12 months.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, had some ideas on who's going to be joining the club next.
But the answer may not come as a total surprise.
"You want to be looking at, uh, Amazon. Amazon is, I think, slightly below a trillion. I mean, they're really the only one in that neighborhood that can get there. So while they're the logical answer let's talk about what could get it there," said Marks.
Watch for the breakdown of how Amazon could once again join the trillion-dollar club.
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