NFLX to AAPL: 5 worst-performing mega-cap stocks in first half of 2022

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NFLX to AAPL: 5 worst-performing mega-cap stocks in first half of 2022

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 NFLX to AAPL: 5 worst-performing mega-cap stocks in first half of 2022
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Highlights:

  • Netflix, Inc. (NASDAQ: NFLX) will release its second-quarter fiscal 2022 results on July 19.
  • Meta Platforms, Inc. (NASDAQ: META) will report its fiscal second-quarter results on July 27.
  • Apple Inc.'s (NASDAQ: AAPL) revenue jumped 9% YoY in Q2, FY22.

It hasn't been a great year for the financial market. Stocks across the board saw a sharp decline amid high inflation and other macroeconomic stress. Global trade has also come under pressure as countries were forced to boycott Russian goods after Russia's invasion of Ukraine.

S&P 500 recorded its sharpest first-half percentage drop since 1970, while Nasdaq saw its highest-ever January-June percentage decline. Dow Jones also recorded the sharpest first-half percentage drop since 1962. All three indexes saw a second consecutive quarterly decline this year.

Here we explore five mega-cap stocks that suffered the most in the first half of 2022. 

Netflix, Inc. (NASDAQ: NFLX)

Netflix is a subscription streaming and production company based in Los Gatos, California.

Its shares traded at US$181.38 at 12:55 pm ET on July 5, up 0.79% from their closing price of July 1. Its stock value decreased by 69.88% YTD.

The firm has a market cap of US$80.56 billion, a P/E ratio of 16.58, and a forward one-year P/E ratio of 16.54. Its EPS is US$11.02.

The 52-week highest and lowest stock prices were US$700.99 and US$162.71, respectively. Its trading volume was 5,201,583 on July 1.

The company will release its second-quarter fiscal 2022 results on July 19.

Meanwhile, in the first quarter of fiscal 2022, the company reported revenue of US$7.86 billion compared to US$7.16 billion in the year-ago quarter. Its net income was US$1.59 billion, or US$3.53 per diluted share, against an income of US$1.70 billion, or US$3.75 per diluted share, in Q1, FY21.

Worst performing mega-cap stocks of the first half to exploreSource: Pixabay

Meta Platforms, Inc. (NASDAQ: META)

Meta Platforms, formerly Facebook, is one of the leading social media companies based in Menlo Park, California. It is the parent company of Facebook, Instagram, and WhatsApp.

The stock traded at US$164.47 at 1:04 pm ET on July 5, up 2.77% from its previous closing price. The META stock fell 52.73% YTD.

Its market cap is US$445.32 billion, the P/E ratio is 12.43, and the forward one-year P/E ratio is 13.96. Its EPS is US$13.22. The stock touched the highest price of US$384.33 and the lowest price of US$154.25 in the last 52 weeks. Its share volume on July 1 was 31,423,930.

The company will release its second-quarter fiscal 2022 results on July 27.

In the first quarter of fiscal 2022, its revenue was US$27.90 billion compared to US$26.17 billion in the same quarter of the previous year. Its net income was US$7.46 billion, or US$2.72 per diluted share, compared to an income of US$9.49 billion, or US$3.30 per diluted share, in Q1, FY21.

NVIDIA Corporation (NASDAQ: NVDA)

NVIDIA is one of the leading manufacturers of GPUs for the gaming and other professional markets. It is based in Santa Clara, California.

The shares traded at US$146.76 at 1:10 pm ET on July 5, up 1.05% from their closing price of July 1. Its stock value plunged 51.78% YTD. The firm has a market cap of US$367.17 billion, a P/E ratio of 39.2, and a forward one-year P/E ratio of 31.99. Its EPS is US$3.73.

The 52-week highest and lowest stock prices were US$346.47 and US$143.92, respectively. Its trading volume was 57,761,010 on July 1. The company posted revenue of US$8.29 billion in Q1, FY23, representing an increase of 46% YoY. Its net income came in at US$1.61 billion, or US$0.64 per diluted share, versus US$1.91 billion, or US$0.76 per diluted share, in Q1, FY22.

Amazon.com, Inc. (NASDAQ: AMZN)

Apple is a leading technology firm specializing in consumer electronics, software products, and services. It is based in Cupertino, California.

The stock traded at US$112.97 at 1:29 pm ET on July 5, up 3.11% from its previous closing price. The AMZN stock declined 35.71% YTD. Its market cap is US$1.14 trillion, the P/E ratio is 54.19, and the forward one-year P/E ratio is 93.64. Its EPS is US$2.07.

The stock’s highest price was US$188.65, and the lowest price was US$101.26 in the last 52 weeks. Its share volume on July 1 was 73,021,170.

The company's total net sales rose 7% YoY to US$116.44 billion in Q1, FY22. Its net loss was US$3.84 billion, or US$7.56 per diluted share, against an income of US$8.10 billion, or US$15.79 per diluted share, in Q1, FY21.

Worst performing mega-cap stocks: NFLX, META, NVDA, AMZN, AAPL

Apple Inc. (NASDAQ: AAPL)

Apple is a leading technology firm specializing in consumer electronics and software products and services. It is based in Cupertino, California.

Its shares traded at US$139.91 at pm ET on July 5, up 0.71% from their closing price of July 1. Its stock value plummeted 23.67% YTD. It has a market cap of US$2.42 trillion, a P/E ratio of 22.68, and a forward one-year P/E ratio of 22.78. Its EPS is US$6.16.

The 52-week highest and lowest stock prices were US$182.94 and US$129.04, respectively. Its trading volume was 71,051,550 on July 1.

The company's revenue jumped 9% YoY to US$97.27 billion in Q2, FY22. Its net income was US$25.01 billion, compared to an income of US$23.63 billion in Q1, FY21.

Bottom line:

Meanwhile, investors rush for safe havens as the market falls. S&P 500 fell 20.93% YTD, Nasdaq declined 29.07% YTD, Dow Jones lost 14.42% YTD. Hence, investors should closely evaluate the companies and the market condition before spending on stocks.

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