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10 Most Valuable Companies In America: 24/7 Wall St.

24/7 Wall St.     First Posted: 08/10/11 07:11 PM ET   Updated: 10/10/11 06:12 AM ET

This post has been corrected.

From 24/7 Wall St.: Apple became the most valuable company in America yesterday when its market cap passed Exxon Mobil’s. The move draws attention to what market capitalization means, and why it is important. The total value of a company is driven by market forces as investors fight over the value of a company’s assets, earnings, and future business prospects. The market cap of each company is skewed by how quickly the stock trades and within what range. At any time, one of the companies on this list could pass another if a stock moves enough. The list, therefore, is hardly permanent.

Read The Ten Most Valuable Companies In America

24/7 Wall St. assembled a list of the ten most valuable companies in the U.S. We asked why they are on the list and whether their overall direction is up or down.

Here are the top ten most valuable companies in America according to 24/7 Wall St:

10. Procter & Gamble
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Market cap: $163 billion
Current stock price: $58
52 week high/low: $57 - $67
Industry: Consumer products

P&G is the world's largest consumer product company and does business in over 100 countries. Its broad array of products ranges from razors to soap to skin care. The company's margins have been challenged with the rise of certain commodities prices, but management claims that most of this can be offset by increasing what it charges for its products. The prices of most commodities have leveled off in the last two months. P&G has a number of small competitors like Colgate, but none have been able to take meaningful share from the market leader. P&G trades in a 52-week price range of $68 to $57. It changes hands at $59 and will probably remain at that low level until it is clear that the consumer economy has recovered.

Read more at 24/7 Wall St.
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CORRECTION: A previous version of this post incorrectly put Apple's annual revenue at $100 million.

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Filed by Harry Bradford  |