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Pfizer edges out Microsoft for #2
Posted By Barry Ritholtz On February 4, 2004 @ 5:17 pm In Finance | Comments Disabled
Here’s a little tidbit worth noting:
Pfizer (PFE) made a new 52 week high today, touching $38.45. Meanwhile, Microsoft (MSFT) slid 24 cents. That vaults Pfizer into the #2 position by market cap, behind behemoth General Electric (GE).
Surprising move by Pfizer . . . Does this mean that the recent tech run, which peaked on January 16, 2004, and was given a push by Cisco last night, is now giving way to a rotation to quality?
This will be worth watching.
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