American Top Companies lost $4.2 Trillion to Investors

United States : The companies of the top American billionaires have performed very poorly in the half of 2022. 10 stocks in the S&P 500 have lost $4.2 Trillion to investors. The S&P 500 index has declined by 20.6%.

The market capitalization of these top 8 companies has declined. This decline has been seen in the first six months of 2022. However, these companies have not performed so badly on a percentage basis to the benchmark index.

Company Change in market cap – 2022 Price change – 2022 Price change – 2021
Apple Inc. -$700,446 -23.0% 33.8%
Amazon.com Inc. -$610,379 -36.3% 2.4%
Microsoft Corp. -$604,244 -23.6% 51.2%
Alphabet Inc. Class A -$579,820 -24.8% 65.3%
Meta Platforms Inc. Class A -$552,105 -52.1% 23.1%
Tesla Inc. -$363,617 -36.3% 49.8%
Netflix Inc. -$189,771 -71.0% 11.4%
PayPal Holdings Inc. -$140,691 -63.0% -19.5%
Source: FactSet

These are the 10 stocks in the S&P 500 that have fallen the most in 2022. These stocks are broken on a percentage basis.

Company Change in market cap – 2022 Price change – 2022 Price change – 2021
Netflix Inc. -$189,771 -71.0% 11.4%
Etsy Inc. -$18,451 -66.6% 23.1%
Align Technology Inc. -$33,170 -64.0% 23.0%
PayPal Holdings Inc. -$140,691 -63.0% -19.5%
Bath & Body Works Inc. -$11,829 -61.4% 132.2%
Caesars Entertainment Inc. -$11,784 -59.1% 25.9%
Carnival Corp. -$11,178 -57.0% -7.1%
EPAM Systems Inc. -$21,067 -55.9% 86.5%
Ceridian HCM Holding Inc. -$8,620 -54.9% -2.0%
Royal Caribbean Group -$10,693 -54.6% 3.0%
Source: FactSet

Wall Street’s performance in the first half of 2022 hasn’t been great. The leader in the energy sector became the biggest laggard in the S&P 500. It has fallen to 17% in June.

In addition, 11 major sectors of the S&P 500 have gone into losses. In which there are defence, health care, consumer staples, utilities sectors etc.

The S&P 500 is in the Bear Market Territory for the second time since 2020. Market sentiments have been hurt due to high inflation and recessionary fears.

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