Investors Losing All Their Blue Chips

June 30, 2008

Hickey and Walters (Bespoke) submit:

So called blue-chip stocks have struggled mightily over the last year. The total loss in market cap from their 52-week highs for stocks in the S&P 100 (largest 100 S&P stocks by market cap) is now $2.5 trillion. Below we highlight stocks in the index that are the furthest from their 52-week highs, as well as the loss in market cap from their 52-week highs. As shown, General Motors (GM) is 75% from its 52-week high, Lehman (LEH) is 72.4%, and Wachovia (WB) is 71.7%.

Looking at market cap, GM has lost $18 billion (it is now worth a little more than $6 billion), which ranks it 42nd in terms of losses. General Electric (GE) has lost the most in market cap at -$168 billion. Citigroup (C) isn’t far behind GE at -$167 billion. BAC, AIG and MSFT round out the top 5 in terms of market cap losses.

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