The market isn't kind to jilted brides. You saw that yesterday when Sun Microsystems (NASDAQ:JAVA) was pounded for a 23% haircut.

We're living in an investing era where way too many household names have seen their stocks fall into the single digits. I decided to screen for some of the bigger casualties.

I used MSN's free Web-based stock screener to rank the stocks that closed below $7 yesterday by market cap. Then I eliminated the plethora of foreign stocks that trade domestically. They may technically be trading below the $7 mark, but it's not fair to lump them into this mess without knowing what that means in their original currency.

Here's the list of the seven largest stateside companies -- by market cap -- with stocks trading for less than $7 a share.

 

4/6/09

Market Cap

Citigroup (NYSE:C)

$2.72

$15 billion

Sprint Nextel (NYSE:S)

$4.41

$13 billion

Motorola (NYSE:MOT)

$4.69

$11 billion

Ford (NYSE:F)

$3.77

$9 billion

Qwest (NYSE:Q)

$3.95

$7 billion

Sun Microsystems

$6.56

$5 billion

Delta Air Lines (NYSE:DAL)

$6.94

$5 billion

Source: MSN Money.

Did you catch the alphabet soup? Four of the companies are among the 19 stocks that have single-letter ticker symbols. It's just a coincidence, of course, but it's also telling how even the cocky companies that embraced the simplest of tickers have been crushed.

The stocks are in different sectors, save for Sprint Nextel and Qwest rubbing elbows in the telecommunications industry. The decline is across the board. The rally over the past few weeks has lifted many of these stocks off their lows, but they are all well below their 52-week highs at this point.

When blue chips become little more than lottery tickets, it's clear that the market rally -- while refreshing -- still has a long way to go to make Mr. Market forget about the carnage in the past.

Sprint Nextel is a Motley Fool Inside Value selection. Try any of our Foolish newsletters today, free for 30 days.

Longtime Fool contributor Rick Munarriz realizes that $7 can go a long way these days. He does not own shares in any of the stocks in this article. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.