Bitcoin has gone mainstream with the launch of futures trading on Sunday. And investors seem to like it.
Bitcoin prices popped another 10% Monday, reaching a high of $16,773.04 before paring gains. The cryptocurrency's market cap is hovering around $275 billion, according to CoinDesk.
Here are five large cap stocks that are now less valuable than bitcoin.
General Electric: Market Cap $153.46 Billion
General Electric (GE) - Get Report has been around for 125 years and was one of the founding securities on the blue-chip Dow Jones Industrial Average. However, the market cornerstone has fallen on some tough times and the stock is down nearly 45% year to date.
Procter & Gamble: Market Cap $228.59 Billion
Procter & Gamble (PG) - Get Report is one of the world's largest consumer goods companies. The stock is up nearly 7% year to date, but its chart has seen peaks and valleys due to corporate governance turmoil initiated by activist investor Nelson Peltz. The stock reached a five year low of $68.42 in 2015 but is back above the $90 mark currently.
AT&T Inc: Market Cap $225.36 Billion
AT&T (T) - Get Report is one of the country's biggest telecom companies and is currently in talks to purchase Time Warner (TWX) for $85.4 billion. The stock is down more than 4% year to date as the company battles the cord-cutting trend in its DirecTV business and increased competition from rivals like T-Mobile (TMUS) - Get Report and Sprint (S) - Get Report .
Pfizer Inc: Market Cap $214.76 Billion
Anheuser-Busch InBev: Market Cap $214.77 Billion
Anheuser Busch (BUD) - Get Report is the world's largest brewer after purchasing rival SABMiller in 2016 for $103 billion. It still isn't as big as bitcoin's market cap. Year to date the stock is down nearly 4% due to sluggish beer sales in the United States.
Jim Cramer and the Action Alerts PLUS team hold positions in GE and Pfizer for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells these stocks? Learn more now.
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