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

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:

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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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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.

Comments

[natal plum]

01:53 PM on 09/16/2011

P & G? Couldn't tell by its stock. That stock has been flat for years.

[Dan Vasquez]

03:39 AM on 08/12/2011

I love how the Street complains that Google is spending money on projects that aren't profitable but when one of their own spends $100 Million on 'Branding' they rave about it.

[David305]

11:34 PM on 08/11/2011

Meanwhile Apple's CEO paid 2010 income taxes on $1.00 (yes, one dollar). Disclaimer : I'm typing this from my iPad, so you can save the "apple hater" name calling, and focus on what this is really all about: billionaires laughing all the way to the bank while we rally to lower their taxes.

[David305]

11:27 PM on 08/11/2011

Yes, let's tax them even less! Can't you all feel that wealth "trickling down" ???

[NunuDudu]

09:54 AM on 08/11/2011

Look at all those billions! And barely any of it is helping the general population.

[Josephine AcostaPasricha]

08:20 AM on 08/11/2011

Technology is the way to the future and to prosperity!
In the midst of a credit rating downgrade, the falling stock markets, the sinking dollar, Apple is on top of the situation.
Technology builds
Technology also destroys, as proven by how open discourse exacerbated the polarities in the legislature and the executive branches of government.
Social Media journalism should now heal and bind the country.
Media after all is the fourth pillar of power according to Gene Sharp.

[AmosKnows]

04:24 AM on 08/11/2011

So funny - we are headed for third world status because we no longer produce or manufacturer anything. Almost 100% of the cellphones, televisions, computer, electronics devices of any kind are no longer made in this country. The debt slaves borrow money to wait in line to purchase the latest iPad, iPhone, or iPod as these companies ship the manufacturing off to China and destroy our jobs and our economy. All so that the few CEO's on top can make millions and the wealthy shareholders can make millions in untaxed dividends and capital gains. What a country!

[theveggiedude]

05:06 AM on 08/11/2011

The largest part of the new SF-Oakland Bay bridge is made in China. No other facility in the world could have made it. It also saves the taxpayer many millions of $$$. When it comes to taxpayer money, do you change your mind?

[AmosKnows]

04:23 PM on 08/11/2011

theveggiedude on Aug 11, 2011 at 05:06:17
“The largest part of the new SF-Oakland Bay bridge is made in China. No other facility in the world could have made it. It also saves the taxpayer many millions of $$$. When it comes to taxpayer money, do you change your mind?”

No. First and foremost, it's a negative that we have developed a tolerance for saving money and/or making a profit at the expense and well being of our own citizens. How many jobs did this cost us? How much tax revenue? How much manufacturing infrastructure (in comparison to China) are we lacking that we can't build our own bridges? Second, there is a simplistic level of thought that permeates Americans. Simple enough that people (such as yourself) believe that short term benefits and quick fixes are outweighed by long term planning, long term consequences and long term effects.

[50stilllucid]

09:41 AM on 08/12/2011

It wasn't the largest part of the bridge financially just physically. The bridge cost is somewhere around 9 billion and the section made in China was around 450 million or 5%.

If the bridge component had been made in America it would have cost more but all that loot would have circulated through your economy, all those good paying jobs would have stayed in the US and the average taxpayer would have benefitted from from all those good paying jobs paying their taxes. Win.

Big corporations aren't especially well known for basing decisions on the common good.

[ChicagoBob]

03:54 AM on 08/11/2011

This is the quintessential view of our country, and why we are in such deep grease.

A company that basically sells gadgets and outsources almost every manufacturing job it takes to make those gadgets is the best investment on Wall Street.

[jeromettaylor]

04:21 AM on 08/11/2011

Concur. Best article I've seen on US business in the Huff Post.

[CommonSenseForChange]

12:47 AM on 08/11/2011

If HP paid people to write articles instead of relying on free help and outsourced labor, perhaps the writers could post a picture of steve jobs instead of bill gates with headlines pertaining to apple. Just a thought.

[Highball]

10:02 PM on 08/11/2011

I don't know about that, as this was an article about the Top 10 market cap companies.

What I *did* find funny, though, was that they had a pic of Gates instead of Ballmer for the Microsoft slide. :)

[jflorish]

12:33 AM on 08/11/2011

Apple is probably the best investment I've seen in the stock market in a decade. Great company and great products.

[trollistan]

01:16 AM on 08/11/2011

great products ?? silver + aluminum + gloss + charge extra for putting that logo=apple
nothing great, but the price.

[theveggiedude]

05:08 AM on 08/11/2011

The latest Consumer Reports looks at laptops and every MacBook Apple makes won out in its division. Come again?

[jflorish]

12:12 PM on 08/11/2011

Some of the best products that I've ever used.

[minusjason]

12:17 AM on 08/11/2011

Bill Gates has had little to do with Microsoft for quite a while, hasn't he?

[CommonSenseForChange]

12:52 AM on 08/11/2011

Yes. I just posted the same thing. I think it's yet another problem we are experiencing due to outsourcing to countries that don't know one white CEO from another. I noticed the "india" section is heavily promoted here although they hardly get any hits. I could be wrong and it could just be that interns that don't get paychecks for the work they do simply post whatever is easiest since they aren't paid.

[CommonSenseForChange]

12:57 AM on 08/11/2011

Also, HP does this regularly, They used to post the black guy Frank Raines' picture every time they smeared Fannie Mae until they eventually got called on it since it was a white guy Daniel Mudd's decisions that took Fannie Mae under when he decided to increase exposure to the subprime lending schemes.

HP obviously needs help in the credibility department. Who would be willing to give it to them if they hired people for pay -- even PAID internships could work, yes?

[minusjason]

12:00 AM on 08/18/2011

I think they do pay their normal workers, do they not? I sometimes hear this thing about them not paying people, but the only people I know of who don't get paid are the bloggers, who get a free forum for their opinions.

[CollectiveId]

12:15 AM on 08/11/2011

Love apple for shipping all the manufacturing jobs overseas to be made by children payed pennies a day. All while getting the raw resources means exploiting foreign lands.

Thank you apple.

[50stilllucid]

10:00 AM on 08/12/2011

Other than niche companies, which ones don't outsource to developing countries?

So many posters on HP single out Apple as if it caused the recession, global warming, continental drift...

[Tox of Oz]

12:07 AM on 08/11/2011

Perfect example of the US, a company that produces consumer drivel is the top US company. Remember when companies that prodused important things where up top?

Flame on members of the cult of Apple.

[omg wtf lol bbq]

01:09 AM on 08/11/2011

I also remember when "Paper Tigers" weren't even close to the top 10. My how things have changed.

(Sidenote - I'm an Apple fan, but I'm not a religious Apple Cult fanatic.)

[BeautifulOnDaOutside]

12:00 AM on 08/11/2011

Ain't outsourcing wonderful?

[AngusC]

11:59 PM on 08/10/2011

Apple is number one because they are truly great.
After 20 plus years as a PC user I bought my first Apple product a few months ago, the iPad2 and it works fantastic. Then I got my first Apple computer, the new Macbook Air and I will never look back. The quality, the programs, the interface is so clean and simple and works it is great.

I needed a website built a few months ago and did not do it because I got an outrageous quote. I bought Rapidweaver about 5 days ago and literally taught myself and built the site within that timeframe. I can't wait until the iPhone 5 is out so I can complete the transition.
If Apple made a car I would buy it.

[FreeHat]

12:32 AM on 08/11/2011

'Rapidweaver' ?

Kinda like Dreamweaver by macromedia/adobe that has existed for a decade...

[AngusC]

01:11 AM on 08/11/2011

But about 10 times easier to use and for far less money.

[omg wtf lol bbq]

01:12 AM on 08/11/2011

Not even close. Rapidweaver is a DIY for those that want to do it themselves with a simple, but relatively powerful tool. Dreamweaver is the powerhouse.

It's like Photoshop Elements vs Photoshop Extended, except that Rapidweaver isn't made by the Sun-Dried Brick company.