I Still Like the Trillion-Dollar Stocks

Unlike the highfliers of the late 1990s, these trillionaires make tons of money.

golden dollar signs
(Image credit: Getty Images)

"It may be a matter of months, or more likely a few years," I wrote in September 2017, "but sometime soon a U.S. company will breach the trillion-dollar mark." By June 2021, to my pleasant surprise, all five companies I highlighted had become trillionaires.

The question now is how high these stocks can go. Big is not beautiful to many regulators and elected officials (of both parties), and President Biden is developing an executive order to rein in businesses that dominate their sectors. The Federal Trade Commission (FTC) lost an antitrust case against Facebook (FB) in June, but the setback merely convinced many in Congress that tougher laws are needed.

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James K. Glassman
Contributing Columnist, Kiplinger's Personal Finance
James K. Glassman is a visiting fellow at the American Enterprise Institute. His most recent book is Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence.