(Full attachment in above link). There was a continuation of the recovery that started the week of March 7, and, to date, about $750 billion in value has been recovered since the March 4 low. Currently, the Fab Five has lost $583 billion in value thus far in 2022, representing about a quarter of 2021’s gains. Microsoft (who ended 2021 at a record high) and Facebook/ Meta (whose problems are well known) represent $510 million of the $583 billion 2022 loss.
Amazon, who recently announced a stock split, but who is also seeing the ability to pass on inflation-driven costs, is actually up for the year.
On the Telco Top Five side, four of the five stocks tracked had gains over the past two weeks, and Verizon joins T-Mobile as positive for the year.
