Archrock Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Archrock, Inc. is an energy infrastructure company with a pure-play focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States, in terms of total compression fleet horsepower and a supplier of aftermarket services to customers that own compression equipment in the United States. The natural gas that it helps transport satisfies demand from electricity generation, heating and cooking and the industrial and manufacturing sectors. It has two segments. Its Contract Operations segment is comprised of its owned fleet of natural gas compression equipment that it uses to provide operations services to its customers. Its Aftermarket Services segment provides a full range of services to support the compression needs of its customers, which owns compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components.

Closing Price
$8.00
Day's Change
0.07 (0.88%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.13
Day's Low
7.90
Volume
(Heavy Day)
Volume:
1,308,672

10-day average volume:
1,011,290
1,308,672

FAANG stocks plus Microsoft lost $1.4 trillion in market value during April

7:31 am ET May 2, 2022 (MarketWatch)
Print

By Philip van Doorn

Shares of Amazon.com fell 14% on Friday; Microsoft has lost $449.5 billion in value this year

On another difficult Friday afternoon for the stock market, the broad U.S. indexes ended with significant declines.

One element that stood out during such a rough year for technology stocks was that the FAANG group (Facebook holding company Meta Platforms Inc. (FB), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), Google holding company Alphabet Inc. (GOOGL)(GOOGL)) plus Microsoft lost $1.404 trillion in market capitalization during April. More data about the group's performance is below.

Index summary

FAANG summary

Here's a snapshot of market capitalizations for the FAANG + Microsoft group this year, with data in billions:

Company                       Change in market cap -- April  Change in market cap -- 2022 through April 29  Market cap -- April 29, 2022  Market cap -- March 31, 2022  Market Cap -- Dec. 31, 2021 
 Meta Platforms Inc. Class A                      -$61.173                                     -$379.914                     $542.537                     $603.710                    $922.451 
Amazon.com  Inc.                                 -$394.317                                     -$426.512                   $1,264.491                   $1,658.807                  $1,691.003 
Apple Inc.                                       -$297.944                                     -$361.690                   $2,551.594                   $2,849.538                  $2,913.284 
Netflix  Inc.                                     -$81.732                                     -$182.889                      $84.572                     $166.304                    $267.461 
Alphabet Inc.                                    -$333.393                                     -$413.790                   $1,508.193                   $1,841.586                  $1,921.984 
Microsoft Corporation                            -$235.778                                     -$449.503                   $2,075.581                   $2,311.359                  $2,525.084 
Total                                          -$1,404.336                                   -$2,214.298                   $8,026.967                   $9,431.304                 $10,241.266 
                                                                                                                                                                               Source: FactSet 

The FAANG + Microsoft group lost $1.404 trillion in market value during April and its combined market capitalization has now fallen by $2.214 trillion during 2022.

S&P 500 decliners

All sectors of the S&P 500 were down during April, except consumer staples:

S&P 500 sector          Price change -- April  Price change -- one week through April 22  Price change -- April 22 
Communication Services                -15.8%                                    -11.5%                    -3.6% 
Consumer Discretionary                -13.0%                                     -9.5%                    -5.9% 
Information Technology                -11.3%                                     -3.8%                    -4.1% 
Financials                            -10.0%                                     -6.5%                    -3.4% 
Industrials                            -7.6%                                     -4.8%                    -2.6% 
Health Care                            -4.8%                                     -6.0%                    -2.5% 
Utilities                              -4.3%                                     -6.4%                    -3.0% 
Real Estate                            -3.7%                                     -4.5%                    -4.9% 
Materials                              -3.5%                                     -4.5%                    -2.0% 
Energy                                 -1.6%                                     -5.8%                    -2.5% 
Consumer Staples                        2.4%                                     -1.7%                    -2.7% 
Full S&P 500                           -8.8%                                     -3.3%                    --3.6% 
                                                                                                Source: FactSet 

During April, 79% of the S&P 500 stocks declined, with 144 down at least 10%. Here are the month's worst 20 performers in the index:

Company                              Ticker  Price change -- April  Price change -- 2022  Decline from 52-week intraday high  Date of 52-week intraday high 
Netflix Inc.                          NFLX                 -49.2%               -68.4%                              -72.8%           11/17/2021 
Align Technology Inc.                 ALGN                 -33.5%               -55.9%                              -60.7%           09/23/2021 
Nvidia Corp.                          NVDA                 -32.0%               -36.9%                              -46.5%           11/22/2021 
Match Group Inc.                      MTCH                 -27.2%               -40.2%                              -56.5%           10/21/2021 
Generac Holdings Inc.                 GNRC                 -26.2%               -37.7%                              -58.2%           11/02/2021 
Etsy Inc.                             ETSY                 -25.0%               -57.4%                              -69.7%           11/26/2021 
PayPal Holdings Inc.                  PYPL                 -24.0%               -53.4%                              -71.7%           07/26/2021 
Amazon.com Inc.                       AMZN                 -23.8%               -25.5%                              -34.1%           07/13/2021 
West Pharmaceutical Services Inc.     WST                  -23.3%               -32.8%                              -33.7%           09/09/2021 
State Street Corp.                    STT                  -23.1%               -28.0%                              -36.1%           01/13/2022 
Paramount Global Class B              PARA                 -23.0%                -3.5%                              -38.6%           06/28/2021 
MarketAxess Holdings Inc.             MKTX                 -22.5%               -35.9%                              -47.2%           08/05/2021 
SolarEdge Technologies Inc.           SEDG                 -22.3%               -10.7%                              -35.7%           11/22/2021 
Boeing Co.                             BA                  -22.3%               -26.1%                              -42.4%           06/02/2021 
Take-Two Interactive Software Inc.    TTWO                 -22.3%               -32.8%                              -39.0%           11/05/2021 
Moderna Inc.                          MRNA                 -22.0%               -47.1%                              -73.0%           08/10/2021 
Advanced Micro Devices Inc.           AMD                  -21.8%               -40.6%                              -48.0%           11/30/2021 
Charter Communications Inc. Class A   CHTR                 -21.5%               -34.3%                              -48.1%           09/02/2021 
Charles Schwab Corp                   SCHW                 -21.3%               -21.1%                              -31.1%           02/09/2022 
Idexx Laboratories Inc.               IDXX                 -21.3%               -21.1%                              -31.1%           02/09/2022 
                                                                                                                                          Source: FactSet 

Click on the tickers for more about each company.

You should also read Tomi Kilgore's detailed guide to the wealth of information for free on the MarketWatch quote page.

Don't miss:Warren Buffett and Berkshire Hathaway are once again outperforming the stock market. Apple is one big reason but these other 10 stocks also helped

-Philip van Doorn

	

(END) Dow Jones Newswires

May 02, 2022 07:31 ET (11:31 GMT)

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