{"id":1786783,"date":"2022-12-26T06:09:03","date_gmt":"2022-12-26T11:09:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1786783"},"modified":"2022-12-26T08:18:59","modified_gmt":"2022-12-26T13:18:59","slug":"amazon-has-wiped-out-the-most-investor-wealth-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-has-wiped-out-the-most-investor-wealth-this-year\/","title":{"rendered":"Amazon Has Wiped Out the Most Investor Wealth This Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famazon-has-wiped-out-the-most-investor-wealth-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1786783&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/social-1\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>Elon Musk has been trying this week to defend Tesla\u2019s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it the 11th-worst performing stock in the S&#038;P 500 in 2022. <\/p>\n<p>\u201cAs bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are *not* guaranteed, people will increasingly move their money out of stocks into cash, thus causing stocks to drop,\u201d <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1605304935876280323?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1605304935876280323%7Ctwgr%5Eed265c81ca3d2a2eb348730cfd388fa44974f9f0%7Ctwcon%5Es1_&#038;ref_url=https%3A%2F%2Fwww.latestly.com%2Fsocially%2Fworld%2Fgerberkawasaki-in-simple-terms-as-bank-savings-account-interest-rates-which-are-latest-tweet-by-elon-musk-4613601.html\" target=\"_blank\" class=\"icon none\" rel=\"nofollow noopener\">Musk tweeted<\/a>. <\/p>\n<div class=\"paywall\">\n<p>You might expect that Tesla\u2019s stock drop has wiped out more investor wealth than any other stock in the world this year. But you would be wrong. <\/p>\n<p>If we look at declines in market capitalization \u2014 the value of companies\u2019 common-shares outstanding \u2014 Tesla<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/TSLA\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/TSLA?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">TSLA,<br \/>\n        -1.76%<\/a><br \/>\n       has been the fourth worst-performing stock in the benchmark S&#038;P 500 this year, as of 1 p.m. ET on Dec. 21:<\/p>\n<table>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n      <strong>Ticker<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>2022 market cap change ($bil)<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Intraday market cap on Dec. 21 ($bil)<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Dec. 31, 2021 market cap ($bil)<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>2022 price change<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Amazon.com Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AMZN\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AMZN?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AMZN,<br \/>\n        +1.74%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$805<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $886<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $1,691<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -48%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Apple Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AAPL\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AAPL?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AAPL,<br \/>\n        -0.28%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$753<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $2,160<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $2,913<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -24%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Microsoft Corp.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/MSFT\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/MSFT?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">MSFT,<br \/>\n        +0.23%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$700<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $1,825<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $2,525<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -27%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Tesla Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/TSLA\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/TSLA?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">TSLA,<br \/>\n        -1.76%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$622<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $439<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $1,061<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -61%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Meta Platforms Inc. Class A<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/META\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/META?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">META,<br \/>\n        +0.79%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$466<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $318<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $784<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -64%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Nvidia Corp.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/NVDA\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/NVDA?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">NVDA,<br \/>\n        -0.87%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$329<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $406<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $735<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -44%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      PayPal Holdings Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/PYPL\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/PYPL?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">PYPL,<br \/>\n        +0.67%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$143<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $79<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $222<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -63%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Netflix Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/NFLX\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/NFLX?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">NFLX,<br \/>\n        -0.94%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$134<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $133<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $267<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -51%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Walt Disney Co.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNYS\/DIS\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/DIS?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">DIS,<br \/>\n        +1.55%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$122<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $160<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $282<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -44%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Salesforce Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNYS\/CRM\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/CRM?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">CRM,<br \/>\n        +0.19%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -$119<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $131<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $250<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -49%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"right\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>On a percentage basis, all these stocks have performed worse than the full S&#038;P 500, which has fallen 19%, excluding dividends.<\/p>\n<p>Amazon.com Inc.<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AMZN\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AMZN?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AMZN,<br \/>\n        +1.74%<\/a><br \/>\n       has erased more shareholder wealth than any other publicly traded company in 2022. In total, investors in Amazon have lost $804.6 billion this year. The stock is down 48% in 2022. <\/p>\n<p>Apple Inc.<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AAPL\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AAPL?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AAPL,<br \/>\n        -0.28%<\/a><br \/>\n       and Microsoft Corp.<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/MSFT\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/MSFT?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">MSFT,<br \/>\n        +0.23%<\/a><br \/>\n       have also suffered larger market-cap declines than Tesla, by virtue of their sheer size.<\/p>\n<p>The companies have different fiscal and annual period ends, but if we look at data for the past three reported quarters and compare to the same period a year earlier, here\u2019s how the four stack up:<\/p>\n<table>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Ticker<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Change in sales for three quarters from year-earlier period<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Change in EPS for three quarters from year-earlier period<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Amazon.com Inc.<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AMZN\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AMZN?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AMZN,<br \/>\n        +1.74%<\/a><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      10%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Apple Inc.<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      \u00a0<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AAPL\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AAPL?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AAPL,<br \/>\n        -0.28%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      6%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Microsoft Corp.<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      \u00a0<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/MSFT\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/MSFT?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">MSFT,<br \/>\n        +0.23%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      14%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      -2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Tesla Inc.<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      \u00a0<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/TSLA\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/TSLA?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">TSLA,<br \/>\n        -1.76%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      58%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      169%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"right\" valign=\"top\" colspan=\"4\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>Amazon showed a net loss of $3 billion for the first three quarters of 2022 as the company neared the end of its extraordinary multiyear effort to build out its warehouse and fulfillment infrastructure. For the first three quarters of 2021, the company booked $19 billion in profits. When announcing Amazon\u2019s third-quarter results CEO Andy Jassy said the company was working methodically toward \u201ca stronger cost structure for the business moving forward.\u201d <\/p>\n<p>The incredible growth of Amazon\u2019s cloud business has stalled and disappointed the expectations the company had nurtured on Wall Street. The Amazon Web Services business is facing increasing competition from the likes of Microsoft and  its customers are pulling back. Meanwhile, retail sales have also come in weak going into the Christmas and holiday season.\u00a0<\/p>\n<p>Amazon\u2019s stock has declined 22% since it closed at $110.96 on Oct. 27, right before it disappointed investors not only with its <a href=\"https:\/\/www.marketwatch.com\/story\/amazon-earnings-the-good-news-is-the-consumer-is-still-spending-the-bad-news-is-theyre-not-spending-on-e-commerce-11666380373?mod=article_inline\" class=\"icon none\" rel=\"follow\">third-quarter results<\/a>, but with its <a href=\"https:\/\/www.marketwatch.com\/story\/amazon-misses-on-holiday-forecast-and-cloud-growth-profits-stock-plunges-nearly-20-11666901604?mod=article_inline\" class=\"icon none\" rel=\"follow\">outlook<\/a>: It expects to break even during the holiday quarter. Analysts polled by FactSet had previously expected a profit of more than $5 billion.<\/p>\n<p>Tesla stands in contrast to Amazon, as you can see on the table above. Its sales grew by 58% during the first three quarters of 2022 from the year-earlier period and its earnings per share rose nearly threefold. <\/p>\n<p>This has been a year of significant declines for shares of giant tech-oriented companies, especially those that had traded at lofty price-to-earnings valuations \u2014 that group includes Amazon and Tesla. In fact, these companies have given up all their pandemic era gains int he stock market.  <\/p>\n<p>But with Tesla\u2019s results so outstanding through the first three quarters of 2022, it raises the question: How much of the drop in the electric car makers share price was tied to Musk\u2019s actions as CEO of Twitter, which he acquired on Oct. 27 after a monthslong saga? And how much of a relief rally, if any, might there be for Tesla if Musk, <a href=\"https:\/\/www.marketwatch.com\/story\/elon-musk-says-hell-step-down-as-twitter-ceo-when-he-finds-someone-foolish-enough-to-take-the-job-11671588943?mod=article_inline\" class=\"icon none\" rel=\"follow\">as expected<\/a>, steps down as Twitter CEO?<\/p>\n<h6>How about some bottom-feeding?<\/h6>\n<p>Here\u2019s the same list of 10 stocks in the S&#038;P 500 that have seen the largest declines in market cap this year, with a summary of analysts\u2019 ratings, consensus price targets and declines in their forward price-to-earnings ratios:<\/p>\n<table>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n      <strong>Ticker<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Share \u201cbuy\u201d ratings<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Dec. 21 closing price<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Cons. price target<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Implied 12-month upside potential<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Forward P\/E as of Dec. 20<\/strong><\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      <strong>Forward P\/E as of Dec. 31, 2021<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Amazon.com Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AMZN\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AMZN?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AMZN,<br \/>\n        +1.74%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      91%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $85.19<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $134.85<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      58%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      49.3<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      64.9<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Apple Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/AAPL\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/AAPL?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">AAPL,<br \/>\n        -0.28%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      74%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $132.30<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $173.44<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      31%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      21.4<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      30.2<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Microsoft Corp.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/MSFT\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/MSFT?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">MSFT,<br \/>\n        +0.23%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      91%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $241.80<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $293.06<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      21%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      23.7<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      34.0<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Tesla Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/TSLA\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/TSLA?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">TSLA,<br \/>\n        -1.76%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      63%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $137.80<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $272.64<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      98%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      24.6<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      120.3<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Meta Platforms Inc. Class A<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/META\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/META?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">META,<br \/>\n        +0.79%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      63%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $117.09<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $145.45<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      24%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      14.5<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      23.5<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Nvidia Corp.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/NVDA\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/NVDA?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">NVDA,<br \/>\n        -0.87%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      68%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $160.85<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $195.72<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      22%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      39.2<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      58.0<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      PayPal Holdings Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/PYPL\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/PYPL?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">PYPL,<br \/>\n        +0.67%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      71%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $68.76<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $104.32<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      52%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      14.5<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      36.0<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Netflix Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNAS\/NFLX\" class=\"qt-chip negative\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/NFLX?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">NFLX,<br \/>\n        -0.94%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      47%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $288.19<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $302.89<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      5%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      28.4<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      45.6<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Walt Disney Co.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNYS\/DIS\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/DIS?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">DIS,<br \/>\n        +1.55%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      82%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $87.02<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $119.60<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      37%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      19.8<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      34.2<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Salesforce Inc.<\/p>\n<\/td>\n<td align=\"center\" valign=\"top\" colspan=\"1\">\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNYS\/CRM\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/CRM?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">CRM,<br \/>\n        +0.19%<\/a>\n      <\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      78%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $128.45<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      $195.18<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      52%<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      23.4<\/p>\n<\/td>\n<td align=\"right\" valign=\"top\" colspan=\"1\">\n      53.5<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"right\" valign=\"top\" colspan=\"8\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>A majority of analysts see a golden path ahead for 2023 for all of these stocks except for Netflix.<\/p>\n<p>For more information about any of these companies, click the tickers.<\/p>\n<p>Click\u00a0<a href=\"https:\/\/www.marketwatch.com\/story\/these-are-the-most-important-things-to-check-on-a-stocks-quote-page-before-deciding-whether-to-buy-or-sell-11630783155?mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline&#038;mod=article_inline\" class=\"icon none\" rel=\"follow\">here<\/a>\u00a0for a detailed guide to the wealth of information available for free on the MarketWatch quote page.<\/p>\n<p><strong>Don\u2019t miss:<\/strong>\u00a0<a href=\"https:\/\/www.marketwatch.com\/story\/11-high-yield-dividend-stocks-that-are-wall-streets-favorites-for-2023-11671639790?mod=article_inline\" class=\"icon none\" rel=\"follow\">11 high-yield dividend stocks that are Wall Street\u2019s favorites for 2023<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk has been trying this week to defend Tesla\u2019s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it the 11th-worst performing stock in the S&#038;P 500 in 2022. \u201cAs bank savings account interest rates, which are guaranteed, start to approach stock market returns, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1786786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[9470,6962,4558,5458,7856,4244,6853,3819,3686,7511,11804,5734],"class_list":["post-1786783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-has","tag-the","tag-amazon","tag-bongino","tag-investor","tag-most","tag-out","tag-report","tag-this","tag-wealth","tag-wiped","tag-year"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1786783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1786783"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1786783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1786786"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1786783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1786783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1786783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}