Happy Fourth of July from Kansas City and Colorado. Below and attached are the value changes for past week. As we discussed in the June 26 Brief, we did a reset on Brief vs. long-term charts due to Holiday constraints. This week we show changes for a one week and three week interval (which is especially interesting as there really hasn’t been a lot of value changes over the past three weeks).
Overall, over the last three weeks the Fab Five has had a $4 billion value change over the last three weeks (since June 10). The Telco Top Five has had an $11 billion increase over the same period. Given the news swirl and anxiety raised concerning the impacts of inflation on second quarter earnings, it’s an interesting flatness.
Within the Fab Five, Apple and Microsoft have gained, Amazon has been flat, and Google/ Alphabet and Facebook/ Meta have declined over the last three weeks. The shift, however, appears to be between these three stocks.
For the Telco Top Five, when adjusted for the WarnerMedia spin, AT&T and T-Mobile are both up about $20 billion for the first half of 2022, Verizon is flat, and Comcast and Charter are down a cumulative $76 billion. Like their Fab Five brethren, the Telco Top Five have largely seen shifts over the past week between their shares, with Comcast the only loser over the past three weeks.
There’s a lot more to discuss (Dish’s early network review from PC Magazine here), but we think you have better things to do with your Holiday than read this post. Save your time for next Sunday as there is a lot to discuss.