Microsoft, GE, Exxon and Cisco have also been to the 4% Club. This is Apple’s 4th visit.
From Phil Segner at the Leuthold Group ($) via Barron’s ($):
Even though [Apple’s] last three admittances lasted only one month each, no other previous 4% Club firm was able to revisit the magic threshold after falling out. Apple continues to outrun the grim reaper of capitalism with unprecedented vigor.
My take: Stop that metaphor!
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