A top-ten tech stock list that doesn't include Apple

From "Some tech stocks are down 75% from their highs last year — these are among the biggest losers" posted Monday on CNBC:

“This sector has just been pounded and yet the macro trends remain very much intact,” [Bessemer's Byron] Deeter told CNBC’s “TechCheck” on Monday. “You continue to have these extremely high-quality names but they’re on sale across the board.”

CNBC pulled a list of tech and tech-adjacent companies currently valued at $1 billion or more that have lost at least 75% of their value from their 52-week highs. Here are 10 of the most notable companies.

    • Robinhood: Stock-trading app. Down 87%
    • Stitch Fix: E-commerce. Down 85%
    • Peloton: Workout bikes. Down 83%
    • Affirm: Buy now, pay later. Down 81%
    • Opendoor: Real estate. Down 78%
    • Roku: Streaming. Down 77%
    • Wix: Website builder. Down 77%
    • Redfin: Real estate brokerage. Down 76%
    • Toast: Restaurant software. Down 75%

My take: Apple, for the record, closed Monday down 13% from its all-time high of $182.94.

4 Comments

  1. Romeo A Esparrago Jr said:
    AAPL tastes like a chicken dinner.

    4
    March 8, 2022
  2. Fred Stein said:
    The triumph of fundamentals over story.

    Apple’s forward P/E is a very safe 24.5. Actual Apple earnings will be higher because:
    1) Analysts usually underestimate Apple earnings by a few %.
    2) Buybacks add another 3 or 4% to future earnings.

    2
    March 8, 2022
  3. Kirk DeBernardi said:
    There are a lot of negative Top Ten lists you won’t see Apple on.

    Jus’ sayin’ — 😉

    1
    March 8, 2022
  4. Steven Philips said:
    Too bad fece book didn’t make the list.

    0
    March 8, 2022

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