Apple (AAPL - Free Report) recently posted its first quarterly revenues decline in thirteen years. The company’s Q2 sales shrunk by 13% year-over-year. What’s especially astonishing is the dramatic revenues fall seen in iPhone sales. The smartphone’s revenues are 18.36% lower than they were in the second quarter of fiscal 2015.
This led to the company’s shares dropping by as much as 8% following its earnings release. This represents a loss of over $40 billion dollars in AAPL’s market capitalization. To put this into perspective, we’ve listed seven notable companies with market caps close to this large sum.
Anthem Inc-(ANTM - Free Report)
Anthem is an American health insurance company. The company offers healthcare plans to the large and small employer, individual, Medicaid and senior markets. The insurer has a market cap of $38.63 billion, and it doles out a 1.77% dividend. Expect less volatile trading with this stock, as it has a beta of just 0.58. Anthem is a Zacks Rank #2 (Buy).
Halliburton Company-(HAL - Free Report)
Halliburton is a multinational corporation, and it is one of the largest oil field services companies. The company has a market cap of $34.53 billion, and it has a 1.79% dividend yield. Oil field service providers are sensitive to the ups and downs of oil, so it may be wise to hold back on buying this stock right now. Halliburton is a Zacks Rank #5 (Strong Sell).
Kinder Morgan Inc-(KMI - Free Report)
Kinder Morgan is the largest energy infrastructure company in North America. It focuses on energy transportation and storage. Kinder Morgan doles out a 2.79% dividend, and it has a market cap of $39.94 billion. Like Anthem, KMI is less volatile, and its beta is 0.64. Kinder Morgan is a Zacks Rank #3 (Hold).
The Kroger Company-(KR - Free Report)
Kroger is a major grocery retailer that operates in the US. KR has a market cap of $35.05 billion. It’s worth noting that the company gets a grade of “A” for Value in our Style Scores. Kroger’s stock is a Zacks Rank #3 (Hold).
Netflix Inc-(NFLX - Free Report)
Netflix is the world’s largest Internet television network, with over 75 million subscribers. The company offers its own original content in addition to other popular movies and TV shows. Netflix has a market cap of $39.59 billion, and the company is currently struggling to grow its margins and user base at the same time. Netflix trades at a forward PE of 315.33, and it has a PEG of 11.98. NFLX is a Zacks Rank #3 (Hold).
Tesla Motors Inc-(TSLA - Free Report)
Tesla Motors manufactures and sells electric vehicles and electric vehicle powertrain components. At the helm of this company is one of the most famous CEO’s right now, Elon Musk. Tesla has a market cap of $33.51 billion, and it has posted a net loss in each of the last five fiscal years. There are high growth expectations for this company, and the company has seen high sales growth over the last few years. Tesla releases its next earnings report on the fourth of May. Its stock is a Zacks Rank #3 (Hold).
Yahoo is a global internet communications, commerce, and media company that offers a variety of services. Yahoo is not as relevant as it once was, and the company has been marred by internal struggles and controversies. At times, these issues overshadow Yahoo’s biggest problem, which is its inability to grow in an era where internet companies have been zooming past it. Yahoo has a market cap of $35.14 billion, and it has an “F” in each of our Style Scores categories, which include Value, Growth, and Momentum. Yahoo is a Zacks Rank #3 (Hold).
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