In mid-August, shares of Apple (NASDAQ: AAPL) were near an all-time high and down only slightly on the year. Today, Apple is hovering around a 52-week low and is down around 30% from its all-time high.
Yet despite the sell-off, Apple is still outperforming other big tech names y
Huge news came out over a month ago when Berkshire Hathaway (NYSE: BRK.B) -- the company run by Warren Buffett -- reported it had made a $4 billion investment in Taiwan Semiconductor Manufacturing (NYSE: TSM), otherwise known as TSMC.
Warren Buffett is regarded as one of the greatest investors of all time for good reason. His Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) conglomerate nearly doubled the annual return of the S&P 500 over almost 60 years, making early investors fabulously rich.
Technology stocks, also known as tech stocks, are shares of companies that produce and sell technology products and services. These companies can range from small startups to large, well-established firms, and they can operate in a variety of tech-related industries, such as soft
If you're looking to give your portfolio a refresh to start the new year, one great way to do so is by adding some dividend-paying tech stocks to it. They offer an unusual combination of income and growth, and better yet, they have an established pattern of outperforming the mark
Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Invesco NASDAQ 100 ETF (QQQM), a passively managed exchange traded fund launched on 10/13/2020.
Launched on 09/17/2015, the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
Mega-cap stocks (with a market cap of over $200 billion) like Tesla, Amazon, and Meta Platforms once delivered multi-fold gains. However, as the tide turned in 2022 (interest rates continued to rise amid high inflation), these
mega caps lost their sheen and eroded shareholders’ wealth. We bring to you a list of 10 such mega-cap stocks that bit the dust in 2022. Also, we’ll use
TipRanks’ data to ascertain what 2023 holds for these companies.
The graph below shows the drop in 10 mega-cap stocks in 2022.
Is Tesla stock a Buy, Sell, or Hold?
With a decline of over 65%, Tesla's
(
NASDAQ:TSLA
) stock is the biggest loser in this list. It currently has a market cap of $388.97 billion and commands a Moderate Buy consensus rating on TipRanks. TSLA stock has
a positive signal from hedge funds. Moreover,
retail investors holding portfolios on TipRanks and bloggers are also optimistic about the stock. However, TSLA stock has a Neutral Smart Score of seven out of 10 on TipRanks.
What Is the Prediction for Meta Platforms?
Meta (
NASDAQ:META
) isn’t far behind Tesla stock in terms of decline. Shares of this social media giant fell 64.2% in 2022. It currently has a market cap of $319.89 billion and carries a Moderate Buy consensus rating on TipRanks. However, hedge funds
sold 3.9M META stock last quarter. Meanwhile,
insiders sold META stock worth $2.6M. META stock has an Underperform Smart Score of two.
Is Nvidia a Buy or Hold?
Shares of chip giant Nvidia (
NASDAQ:NVDA
) dropped 50.3% in 2022. However, Wall Street is bullish about its prospects. It has a Strong Buy consensus rating on TipRanks. Also, it has received the
maximum number of Buy recommendations from
top analysts in the last three months. Our data shows that hedge funds and retail investors are optimistic about NVDA stock. Further, NVDA stock has a
“Perfect 10” Smart Score on TipRanks. (
Stay abreast of the
best that TipRanks’ Smart Score
has to offer.)
Is Amazon Stock Expected to Rise?
Top Wall Street analysts are cheering for Amazon's (
NASDAQ:AMZN
) stock, implying they expect the stock to rise in the future. It has lost 49.6% of its value in 2022 but has a Strong Buy consensus rating on TipRanks. Meanwhile, hedge funds have
bought 26.3M AMZN stock in the last three months, which shows their confidence. Furthermore, the crowd wisdom is also positive on AMZN stock. It sports a
“Perfect 10” Smart Score on TipRanks, implying it is poised to outperform the benchmark index.
Is GOOGL a Good Stock to Buy?
GOOGL stock dropped over 39% in 2022. However, GOOGL stock has received unanimous Buy recommendations from analysts and carries a Strong Buy consensus rating on TipRanks. News and blogger sentiment are also positive for GOOGL stock. Meanwhile,
hedge funds bought 129.4M GOOGL stock last quarter. Overall, shares of Alphabet have a “
Perfect 10” Smart Score on TipRanks.
Is MSFT a Long-Term Buy?
Microsoft's (
NASDAQ:MSFT
) stock declined by 28% in 2022. However, Wall Street sees this decline as an opportunity for long-term investors to invest. Microsoft stock has a Strong Buy consensus rating on TipRanks. Meanwhile,
hedge funds bought 33.2M MSFT stock last quarter. However, insiders sold MSFT stock worth $6.1M in three months. MSFT stock has a "
Perfect 10” Smart Score.
Is Apple a Buy or Sell?
With a market cap of over $2 trillion, Apple (
NASDAQ:AAPL
) is the largest American corporation. AAPL stock dropped 26.4% in 2022. However, Street is bullish about its prospects as it carries a Strong Buy consensus rating on TipRanks. Our data shows
insiders sold AAPL stock worth $30.4M in the last three months. However,
hedge funds bought 671.9K Apple stock. It has a Neutral Smart Score of six on TipRanks.
Will TMO Stock Go Up?
Shares of healthcare-focused company Thermo Fisher Scientific (
NYSE:TMO
) are down about 17.3% in 2022. However, analysts maintain a Strong Buy consensus rating on TMO stock and expect its stock to go up. However, hedge funds decreased their holdings in TMO stock and
sold 197.6K shares in three months. Meanwhile, it has a Neutral Smart Score of five on TipRanks.
What’s the Prediction for AVGO Stock?
Shares of the leading semiconductor company, Broadcom (
NASDAQ:AVGO
) registered a decline of 13.3% in 2022. However, analysts have a Strong Buy consensus rating on AVGO stock. Meanwhile,
hedge funds increased their AVGO stock hol
d
ings by purchasing 102.3K shares last quarter. Blogger sentiment also remains positive on AVGO stock. AVGO stock has a "
Perfect 10” Smart Score.
Is JPM a Buy Today?
Shares of the financial services giant JPMorgan Chase & Co. (
NYSE:JPM
) fell 12.6% in 2022. Meanwhile, it carries a Moderate Buy consensus rating on TipRanks. Hedge funds
sold 778.4K JPM stock last quarter. Meanwhile, given the economic uncertainty, JPM stock has a
Neutral Smart Score of six on TipRanks.
Bottom Line
These mega-cap stocks have lost significant value, creating a buying opportunity for investors. Using TipRanks’
Stock Comparison tool, below is a summary of how these companies stack up on our datasets.
According to our data, MSFT, GOOGL, AMZN, NVDA, and AVGO have a Strong Buy consensus rating on TipRanks. Also, these stocks have a “Perfect 10” Smart Score, implying these stocks are expected to outperform the broader markets.
Meanwhile, Tesla has a Neutral Smart Score, and analysts are cautiously optimistic about its prospects despite the considerable decline in its price. Besides for TSLA, analysts are also cautiously optimistic about META and JPM stock. However, META has an Underperform Smart Score.
Disclosure
You've probably heard of the 80-20 rule. It's also known as the Pareto principle. The idea is that roughly 80% of outcomes are generated by around 20% of causes. This 80-20 rule applies in a surprisingly large number of scenarios. As a case in point, look at where Warren Buffett
Pick the right time frame and just about any investor can look like a genius. Getting a portfolio to outperform long enough to fuel anyone's retirement dreams, though, is an entirely different matter.
Inflation, rising interest rates, and other macroeconomic headwinds broadly crushed growth stocks in 2022. Some of that sell-off was justified, since many growth stocks had reached unsustainable valuations following the buying frenzy over the previous two years. But many babies w
Unity Software (NYSE: U) attracted a stampede of bulls when it went public in September of 2020. The video-game engine developer priced its initial public offering (IPO) at $52, and opened at $75 before soaring above $200 last November.
The stock market's 2022 sell-off has highlighted the importance of investing in growth stocks with a long-term perspective. Doing so can safeguard your investments from macroeconomic headwinds like the ones that brought down the shares of numerous companies over the past year.
Apple's (NASDAQ: AAPL) stock declined nearly 30% in 2022 as investors fretted over the tech giant's persistent supply chain issues in China. A lack of clarity regarding its roadmap beyond the aging iPhone, which still generated 52% of its revenue in fiscal 2022 (ended in Septembe
High inflation and fears of a looming recession have caused a slowdown in digital ad spending. The revenue growth of Google’s parent company, Alphabet (
NASDAQ:GOOGL
) (
GOOG
), decelerated in the third quarter, while Meta Platforms (
NASDAQ:META
) reported a decline in its revenue for the second consecutive quarter. This duopoly is not only getting impacted by weak ad spending but also by growing competition from tech, retail, and streaming companies that are gradually eating into their market share.
Meta and Google Facing Intense Competition
As per
Axios, which cited
Insider Intelligence data, Google and Meta are estimated to capture 28.8% and 19.6% share of the U.S. digital ad revenue market this year. Their combined market share of 48.4% marks a decline compared to 54.7% in 2017. Furthermore, their market share is expected to drop to 43.9% by 2024.
Apple’s iOS privacy changes, the rising popularity of ByteDance’s TikTok, the Russia-Ukraine war, and macro pressures have hurt the ad revenues of Meta, which owns Facebook, Messenger, Instagram, and WhatsApp.
Insider Intelligence projects that the U.S. digital ad revenue of Amazon (
AMZN
), Apple (
AAPL
), Instacart, Microsoft (
MSFT
), Netflix (
NFLX
), TikTok, and Walmart (
WMT
) will grow at a faster rate than Meta and Google in 2023.
Google and Meta’s domestic ad revenue is expected to increase by 3% and 5%, respectively, in 2023. In comparison, U.S. ad revenue growth of Walmart, Instacart, TikTok, Spotify, Apple, Amazon, Walt Disney’s (
DIS
) Hulu, and Microsoft is projected to be 42%, 41%, 36%, 30%, 26%, 19%, 13%, and 10%, respectively. While the ad revenue generated by some of these players dwarfs that of Meta and Google, the pace of their growth is strong enough to impact the two ad giants in the years ahead.
It’s worth noting that Amazon defied the weakness in the digital ad market, with its ad revenue growing 25.4% to $9.5 billion in Q3, reflecting an acceleration compared to the 17.5% growth in Q2. In comparison, Meta Platform’s advertising revenue declined 3.7% to $27.2 billion while Alphabet’s revenue from Google advertising (includes Google Search, YouTube ads, and Google Network) grew 2.5% to $54.5 billion.
Is Alphabet Stock a Buy, Sell, or Hold?
Wall Street is bullish about Alphabet, with a Strong Buy consensus rating based on 29 unanimous Buys. The average GOOGL stock price target of $125.76 implies 42.5% upside potential.
Shares have declined 39.1% in 2022.
Is Meta a Buy?
The Street’s Moderate Buy consensus rating for Meta Platforms stock is based on 27 Buys, eight Holds, and three Sells. The average META stock price target of $148.12 suggests 23.1% upside potential.
Shares fell 64.2% in 2022.
Conclusion
Alphabet’s Google and Meta Platforms have dominated the U.S. digital ad market for several years. However, they are now losing market share to companies in the tech, e-commerce, and streaming services markets. Nonetheless, Wall Street still seems bullish about the long-term prospects of the two digital ad giants, especially that of Alphabet.
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Disclosure
Regularly adding money to stocks can be one of the smartest financial moves you make. The popular market barometer, the S&P 500 index, has returned 11% per year since 1950, which includes several market crashes along the way.The key is consistency. Adding $500 per month to gr
As market pundits repeatedly beat the "recession 2023" drum, investors might be tempted to delay buying high-conviction names on their watch lists. Yet there has already been a mini-recession in the form of a mass exodus out of big tech names and into perceived all-weather invest
U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
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