Apple and Boeing or Bust

The market is open today and that must mean that Apple is going higher.  Same thing with Boeing.  Except today is special.  Boeing reported stellar earnings in the morning and Apple stellar earnings in the evening.  Both stocks seem well on their respective ways to infinity right now.  Pretty remarkable stuff and something to be excited about if you are in the stocks.  Something to be very excited about if you have been in these ones for any length of time.

Boeing's fortunes look bright with aircraft demand exploding worldwide, and with a strategy that seems to have been so well thought out that it has virtually bankrupted Airbus, the other major aircraft manufacturer.  Apple just seems to be on an amazing trajectory with products that recreate and redesign markets.  They have already recreated the music and media industries and may be in the process of doing the same for telecom.

The fortunes of these stocks seem dramatically different from the broader market with most stocks stuck in neutral.  But, you do need to wonder how long we can stay in an environment where Apple props up the hapless Nasdaq and Boeing the hapless Dow?  

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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