Below is a look at the 30 largest publicly traded US stocks (based on market cap). As shown, Apple (AAPL) sits at the top by a wide margin after posting a 22% YTD gain thus far in 2017. The stock is currently 7% above its 50-day moving average and less than 1% from its all-time high. Alphabet (GOOGL), Microsoft (MSFT), Berkshire Hathaway (BRK/B), and Facebook (FB) round out the top five, and all have market caps greater than $400 billion. Amazon.com (AMZN) is less than half a billion in market cap away from Facebook (FB), leaving AMZN in the #6 spot. Exxon Mobil (XOM), which was the largest company in the world for many years until Apple (AAPL) eclipsed it, now ranks as the 8th largest company in the US. Even Johnson & Johnson (JNJ) is now bigger than XOM.
Along with Berkshire, two additional Financial sector stocks rank in the top ten. JP Morgan (JPM) and Wells Fargo (WFC) rank #9 and #10.
Like Exxon, another company that used to sit at the top of this list is General Electric (GE). With a market cap of $258 billion, GE doesn’t even crack the top ten at this point. Wal-Mart (WMT) is yet another name that used to sit at or near the top, but now the company is only the 15th largest company in the US. Remarkably, online retail giant Amazon.com has a market cap that is nearly double the size of Wal-Mart. There’s no better example of “Death by Amazon” than that.