In The Past 48 Hours, AAPL Has Lost $35 Billion, larger than the entire market capitalization of these large-cap companies

April 19, 2013 Leave a comment

In The Past 48 Hours, AAPL Has Lost More In Market Cap Than All Of…

Tyler Durden on 04/18/2013 15:20 -0400

In the last 48 hours, everyone’s beloved stock – AAPL – has lost around $35 billion in market capitalization. That is larger than the entire market capitalization of these large-cap companies…

20130418_aapl_0

PRICELINE.COM     $35.3

HALLIBURTON CO     $35.1

PNC FINANCIAL SE     $34.4

TJX COS INC     $34.2

DOMINION RESOURCES     $34.2

ALLERGAN INC     $33.6

NEXTERA ENERGY     $33.5

VMWARE      $32.8

PRAXAIR      $32.6

VIACOM INC     $32.5

DEERE & CO     $32.2 

TRAVELERS COS IN     $32.2

GENERAL MILLS IN     $31.9

KINDER MORGAN     $31.9

AUTOMATIC DATA     $31.7

BANK NY MELLON     $31.6

AMERICAN TOWER     $31.5

FRANKLIN RES INC     $31.4

EOG RESOURCES     $31.2

DIRECTV                     $30.9

EXELON CORP     $30.9

LOCKHEED MARTIN     $30.8 

CAPITAL ONE FINA     $30.7

How long until the Bank of Israel, whose holding AAPL happens to be, needs a Fed bailout, due to its speculative, high beta investments? The $125 loss per Apple has certainly has left a mark on Stanley Fisher’s (who just happens to be considered for Bernanke’s replacement) balance sheet.

 

Filed under TMT Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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