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- [00:01]
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If you're the purchasing manager at a manufacturing plant, you know having a trusted partner makes all the difference. That's why, hands down, you count on Grainger for auto reordering. With on time restocks, your team will have the cut resistant gloves they need at the start of their shift and you can end your day knowing they've got safety well in hand. Call 1-800-GRAINGER, click grainger.com or just stop by Grainger for the ones who get it done.
- [00:30]
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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. Today we're going to discuss UnitedHealthcare, Google, the five largest market cap stocks, and a couple other stories. We come to you daily with short business market insight episodes. We're constantly trying to test the quality of content and the quality of the sound. So if you, if you can, if you're the first person to text Scott Becker today at 773-766-5322 with your comments on the sound quality, we'll go ahead and send you a $50 gift certificate. We'd also like your comments on the content as well. So here's the several stories we're following today. First, UnitedHealthcare getting crushed. It's down about 18 to 20% early today. I will see if that lasts. But that's basically based on a projection that they expect revenues to be down next year, year over year. Second, Alphabet. Google remains on fire. It's up about 70% over the last six months. It's now the second largest company by market cap. Third, as long as you're talking the big market cap stocks, we'll list them and name them. Here's the five largest US market cap stocks. Nvidia number one at 4.53 trillion. Alphabet number two at 4.04 trillion. And as we discussed, Alphabet's up about 70% over the last six months. Third is Apple at 3.78 trillion. Apple's down about 9% year to date. They're gonna have earnings released this Thursday, I believe. So we'll see what happens with Apple. Fourth, Microsoft at about $3.51 trillion in market cap. And finally, Amazon, which is number two in revenues, is number five in market cap at 2.78 trillion. Now a couple notes on these companies. Amazon just announced that they're going to cut about 16,000 jobs, which amounts to nearly 1% of the workforce. B of A says that Nvidia remains a great investment. So we'll see if that remains the case. A couple of the quick notes today, the markets rose yesterday. Midday. Today they remain up. So we'll see if that continues. And finally, the last story I'll talk about this morning is Intel Corporation continues its correction and drops another nearly 6% yesterday. It, it, it's still up more than 100% over the last year, but dropped again yesterday. Thank you for listening to the Bector Business and the Vector Private Equity Podcast. We hope you enjoy this. We hope you find it helpful. Thank you for listening. Please go online to Amazon and pre order our latest book, building Great Businesses. Create Momentum, Overcome Setbacks and Scale with Confidence. Thank you for listening to the Becker Business. The Becker Private Equity Podcast. Thank you very, very much.
- [03:28]
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If you're the purchasing manager at a manufacturing plant, you know having a trusted partner makes all the difference. That's why hands down, you count on Grainger for auto reordering. With on time restocks, your team will have the cut resistant gloves they need at the start of their shift and you can end your day knowing they've got safety well in hand. Call 1-800-granger. Click granger.com or just stop by Granger for the ones who get it done.