Today's 3 downbeat mega stocks amid flat equities

Published: January 25 2023, 23:07 GMT+0

Today's 3 downbeat mega stocks amid flat equities

Markets closed sideways but Alphabet, TSM, Meta Platforms drop and make it on this unflattering list of today's losing mega cap stocks.

A review of what happened today: markets did not have a clear cut direction — Nasdaq slipped 0.18% and closed at 11,300. S&P 500 closed 4,016.22 after a stable day.

Current market events are being influenced by ambiguous macro data as data from United States concerning Crude Oil Inventories was released today at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 8.41 million to 533,000 this month.

While markets traded sideways today, some mega cap stocks suffered significant losses. Here is the list of Top Losers from today:

Google | Closed today's session at $96.73

Early in today's session, Alphabet dropped to $95.26 from $99.21 at the end of yesterday, before closing at $96.73. During the session, it lost 2.5%.

Google is scheduled to announce earnings results Monday. The consensus EPS estimate is 1.2 and the consensus revenue estimate is $76.66 billion.

Facebook | -1.15% at $141.5

This year has been a bright one for Mark Zuckerberg's brainchild after trading as low as $88.91 and going on to appreciate by 14.75% year to date. The Nasdaq has been doing worse in 2022, it has been passing it by 6.58%. The company's market cap currently stands at $371 billion with an average daily trading volume of 25 million shares.

Meta trades at $141.5 ahead of quarterly performance report which is scheduled to be released Wednesday.

-2.27%: today's lacklustre sentiment ensured TSMC slid 2.27%

The semiconductor supplier has recovered almost all of its session losses after dipping down to $91.13 today. Currently, the Taiwanese multinational semiconductor maker has a market capitalization of $479.24 billion with an average daily volume of 14.51 million shares.