Courtesy of Benzinga.
Brexit has brought a number of shakeups to the markets on both sides of the Atlantic, one of which is the downsizing of U.S. stocks. While Apple Inc (NASDAQ: AAPL) is still top of the list at $499 billion, many companies saw their market values trimmed substantially during the market mayhem Friday and Monday.
This caused some stocks to become bigger than others, at least as far as market capitalization goes.
Here’s what Yahoo Finance noticed:
- Home Depot Inc (NYSE: HD) is bigger than Walt Disney Co (NYSE: DIS)
- Verizon Communications Inc. (NYSE: VZ) is bigger than Wal-Mart Stores, Inc. (NYSE: WMT)
- Proctor & Gamble Co (NYSE: PG) is bigger than JPMorgan Chase & Co. (NYSE: JPM)
- The Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NYSE: PEP) now bigger than Chevron Corporation (NYSE: CVX) and Intel Corporation (NASDAQ: INTC), respectively
Market cap is measured by taking the market price of one share of a company’s stock and multiplying it by the total shares of outstanding common stock, to get the total market value of the company.
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