The onslaught of the pandemic has affected markets, but not all sectors or companies alike. The year of the Covid closes with the technological ones, especially the American ones, reinforced after the virus hit. And with a new leader in the ranking of the world’s most valuable companies: Apple. The iPhone maker regains the throne after the hiatus of 2019, when the Saudi oil company Aramco it ended as the company with the highest capitalization after the largest IPO in history. It is precisely the oil and gas business one of the hardest hit by the uncertainties created by the pandemic.
Apple has received the accolade of investors with a share rise of 85% from January to December and a value of 1.87 billion euros. The launch of its first 5G device and the pull of services like Apple Music and the App Store have bolstered its prospects.
The third place is Microsoft, with 1.38 billion euros, followed by Amazon, which advances one position and beats Alphabet, Google’s parent company, which ranks fifth. The online trading platform is worth 1.36 billion euros, compared to 970,000 million for the search engine.
Presence of China
Below a trillion dollars are Facebook, which with a value of 643,000 million euros, remains compared to 2019, and the Chinese giant Tencent, owner of applications and video games. In eighth place is the china Alibaba, which was released on the stock market in 2019, and is worth 521,000 million.
The technology roller is overwhelming in the rankings: seven of the ten largest companies are related to technology. Only Aramco (from the energy sector), Tesla (electric cars) and Berkshire HathawOh, the conglomerate of businessman Warren Buffet, they remain in the top ten beyond technology. In 2019, the leading area still showed balance: five were technological and the other half different sectors.
There are some particularly striking cases and that of Tesla it’s overwhelming. With a rise of almost 700% in the stock market, the electric car manufacturer has climbed two hundred places in the ranking and has crept into the top ten. A meteoric race based on its expectations of earnings and technological improvements for mobility, not without doubts about its solidity.
Also vertical has been the rise of Paypal, which closes 2020 with an advance of 64 places in the ranking and with its actions that have more than doubled in value, benefiting from the acceleration in digital payments during the pandemic.
Telecommuting and lockdowns have skyrocketed demand for chips around the world and semiconductor companies have been able to profit on the stock market. Among them, Nvidia has moved to 23rd place from 76, with a rise in the share of 120%, and the European ASML Holding, has advanced 53 positions, with a stock market value of more than 166,000 million.
Online entertainment has been another of the businesses with a strong pull derived from confinements. Netflix it has risen to 34th place in the rankings, with a 64% gain in stock. The growth in the volume of subscribers, especially in the first half of the year, has supported the commitment to the streaming company.
The big losers have been the oil companies, which have practically disappeared from the ranking. Aside from Aramco, which remains in second place, other companies that ranked high for their size have fallen off the list. This is the case of Exxon, which has dropped to 57th from 19th last year, Royal Dutch Shell, which has fallen to 88 from 36, and Chevron, which drops to 68 from 40 in 2019.
The Spanish go down
There is no Spanish company among the 100 most valuable companies. Inditex, which was ranked 96th last year, leaves that list this year and stands at number 129. The pandemic has hit the textile sector and the Zara group has charged with its first quarterly losses. Despite the pull in online sales, the company has been unable to make up for store closings and its stock has fallen 14% since January.
Iberdrola is the next Spanish in the ranking, and has improved its position to 151st position from 185 last year. Its share rises 33% in the year.
Santander has dropped to 297th place since 170 in 2019. The entity provided 12,600 million in the first semester due to the Covid crisis, a bill that made it enter the red for the first time with historical losses.