Apple moves to #4 in Barron’s 500

Just about a week ago Apple was in position #59 in Barron's 500, but do to the intense selling of iDevices they jumped from the #59 position to #4. For the way i see it Apple is kicking every major company out the way including Microsoft which rank on # 34.

Barron’s writes: Apple, ranked No. 4 this year, has done all that to perfection. It has generated stellar sales growth and handsome profits from the iPod, iPhone and related products, and its shares have rallied 321%, to 347, since the stock market bottomed in March 2009. Yet the stock, which trades for only 12.2 times next year’s expected earnings, still isn’t richly valued. Other tech stocks, including Western Digital, Research In Motion, Broadcom and EMC, also rank among this year’s top 20.

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