Tim Cook at the Apple launch event in Cupertino Calif. on Sept. 10th, 2019.
There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year.
Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday. But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet. The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and Alphabet will gain 4.5% in the next one year.
Analysts are normally very bullish on most of the stocks they…