Foxx Posted November 24, 2018 Share Posted November 24, 2018 (edited) FAANG is the new acronym for Facebook, Amazon, Apple, Netflix and Google (parent company, Alphabet). together, they are the new tech giants. over recent years, there has been no safer bet than these behemoths. however, since late summer, these corporations have combined to lose close to $1 Trillion in market capitalization. all are now officially in bear territory and the characteristics of bubble like valuations being the possible reason for the reversal in fortunes. Charts: visualizing the bear market in FAANG stocks the NASDAQ Composite - a tech bellwether, is showing signs of pain as well. other big tech is in the doldrums too. and the FED is going to raise interest rates in December..... Edited November 26, 2018 by Foxx Link to comment Share on other sites More sharing options...
PearlHowardman Posted November 26, 2018 Share Posted November 26, 2018 Excellent topic, Foxx! I first heard about FAANG from CNBC's Jim Cramer's Mad Money program which airs daily at 6;00 PM EST. A little respite in the financial markets today but the past nearly two months is akin to slowly tearing a band-aid off of a scab. Is the worst over yet? Are we in a bear market? Maybe no FED interest rate increase in December. Maybe. 1 Link to comment Share on other sites More sharing options...
PearlHowardman Posted November 28, 2018 Share Posted November 28, 2018 https://www.marketwatch.com/story/dow-ends-more-than-600-points-higher-after-feds-powell-says-rates-near-neutral-2018-11-28?mod=bnbh Stocks ended sharply higher Wednesday, rallying after Federal Reserve Chairman Jerome Powell, in an eagerly awaited speech, said interest rates were "just below" the range of estimates of the neutral level that neither slows nor speeds economic growth. The remarks were interpreted by investors as a sign that the end of the rate-hike cycle may be nearer than previously indicated, though economists argued that such an interpretation reads too much into Powell's remarks. Link to comment Share on other sites More sharing options...
PearlHowardman Posted November 30, 2018 Share Posted November 30, 2018 https://www.marketwatch.com/story/why-the-bloodletting-from-faang-stocks-is-just-getting-started-canaccord-2018-11-28 A burning question for investors is whether the bloodletting has stopped for shooting-star growth names—Facebook, Apple, Amazon , Netflix, and Google, which have been shoved into bear territory after helping to drive a nearly decade long bull market. Our call of the day from analysts at Canaccord says stay hunkered down. They see the outperformance for defensives as just getting started, because FAANG underperformance is also in its early innings. “We expect the real pain will come when a clear rotation occurs. This rotation should get under way when it becomes clear that earnings growth for FAANGs and other technology names in 2019 do not live up to expectations,” said the Canaccord analysts. And that second wave of selling should start in January when fourth-quarter results start rolling out, they say. Link to comment Share on other sites More sharing options...
Dante Posted November 30, 2018 Share Posted November 30, 2018 I thought this was going to be a post on some new supervillain from an upcoming Bond movie! So disappointing. Link to comment Share on other sites More sharing options...
PearlHowardman Posted December 1, 2018 Share Posted December 1, 2018 3 hours ago, Dante said: I thought this was going to be a post on some new supervillain from an upcoming Bond movie! So disappointing. No. It's a financial markets topic. Bond movies, Trump supporters/Trump haters chasing each other's tail, et al, are covered in other topics. They're all vintage 2016 and it's nearly 2019. Don't they have calendars? I guess not. Let's. Make. Money. Link to comment Share on other sites More sharing options...
KD in CA Posted December 1, 2018 Share Posted December 1, 2018 Oh, I thought you meant FANG! I was getting hungry. Link to comment Share on other sites More sharing options...
Foxx Posted December 1, 2018 Author Share Posted December 1, 2018 (edited) Twitter Stock Falls Amid Rumblings of Conservative Boycott Quote ...The social media stock ended off 4.3% on Thursday, after earlier losing nearly 9%, despite no official news or analysis that would spur a sell-off. ... ... Social media stocks have had a rough ride in recent months, with FB plunging 37% since late July and Snap (SNAP - Get Report) teetering around all-time lows at $6.48 per share. Twitter, meanwhile, has tumbled more than 35% since its July earnings report showed a drop in monthly active users, and it's possible that the specter of a boycott by conservatives on Twitter would amplify existing concerns about declining users. Over the past several months, Twitter has sought to purge inauthentic accounts and tamp down harassment and abuse on the platform. ... Edited December 1, 2018 by Foxx Link to comment Share on other sites More sharing options...
DC Tom Posted December 1, 2018 Share Posted December 1, 2018 28 minutes ago, Foxx said: Twitter Stock Falls Amid Rumblings of Conservative Boycott I doubt Twitter has a problem with conservatives doing Twitter's work for them. Link to comment Share on other sites More sharing options...
Tiberius Posted December 2, 2018 Share Posted December 2, 2018 On 11/26/2018 at 5:16 PM, PearlHowardman said: Excellent topic, Foxx! I first heard about FAANG from CNBC's Jim Cramer's Mad Money program which airs daily at 6;00 PM EST. A little respite in the financial markets today but the past nearly two months is akin to slowly tearing a band-aid off of a scab. Is the worst over yet? Are we in a bear market? Maybe no FED interest rate increase in December. Maybe. Jim Cramer is a joke. Buy buy buy...sell sell sell, what a fraud 1 1 Link to comment Share on other sites More sharing options...
Foxx Posted December 4, 2018 Author Share Posted December 4, 2018 https://twitter.com/AMike4761/status/1070001024075747328 Link to comment Share on other sites More sharing options...
Foxx Posted December 5, 2018 Author Share Posted December 5, 2018 Facebook Struck Deals Over Data and Burnt Rivals, U.K. Lawmakers Say Internal emails at Facebook Inc., including those involving Chief Executive Officer Mark Zuckerberg, were publishedonline by a committee of U.K. lawmakers investigating social media’s role in the spread of fake news. The documents, which had been sealed by a California court, led lawmakers to conclude that Facebook undertook deals with third party apps that continued to allow access to personal data. Damian Collins, head of the committee, added that Facebook shut off access to data required by competing apps, conducted global surveys of the usage of mobile apps by customers possibly without their knowledge, and that a change to Facebook’s Android app policy that resulted in call and message data being recorded was deliberately made difficult for users to know about. ... Link to comment Share on other sites More sharing options...
Tiberius Posted December 6, 2018 Share Posted December 6, 2018 Looks pretty bad in pre market trading. Might be headed for another bad day. Link to comment Share on other sites More sharing options...
3rdnlng Posted December 6, 2018 Share Posted December 6, 2018 44 minutes ago, Tiberius said: Looks pretty bad in pre market trading. Might be headed for another bad day. You can only hope, Gleeful Gator. Link to comment Share on other sites More sharing options...
Tiberius Posted December 6, 2018 Share Posted December 6, 2018 Quote When it comes to the stock market, President Trump is in a box of his own making. He repeatedly took credit for 2017’s stock market gains, with the S&P 500 delivering a nearly 22 percent return. “Stock Market at new all-time high! Working on new trade deals that will be great for U.S. and its workers!” went a typical tweet, this one on July 15 of last year. “Highest Stock Market EVER,” he declared a few days later. I predicted this would not end well for Trump. “Should the American economy or stock market hit a rough patch, Trump will get stuck holding the bag,” I wrote late last fall. And so it has come to pass. The stock market fell dramatically on Tuesday, with the Dow Jones industrial average diving almost 800 points, more than 3 percent. https://www.washingtonpost.com/opinions/2018/12/05/its-trumps-stock-market-now/?utm_term=.0bbcb9077eb0 Maybe we can tax our way out of this with even more stupid tariffs! This Trade war is one of the dumbest things ever Link to comment Share on other sites More sharing options...
3rdnlng Posted December 6, 2018 Share Posted December 6, 2018 Maybe tariffs will facilitate better trade deals with the EU and China, like we got from Mexico and Canada, eh? Link to comment Share on other sites More sharing options...
Tiberius Posted December 6, 2018 Share Posted December 6, 2018 Hey, a farting unicorn of tariffs! More welfare for farmers. Tax our way to prosperity. Trump is God, so don't question is idiocy. And trade deal with Canada and Mexico wasn't much different than what we had. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 6, 2018 Share Posted December 6, 2018 On 12/2/2018 at 6:35 AM, Tiberius said: Jim Cramer is a joke. Buy buy buy...sell sell sell, what a fraud Finally. Something we agree on and and agree 100%!! Wow that hurt. 1 1 1 Link to comment Share on other sites More sharing options...
3rdnlng Posted December 6, 2018 Share Posted December 6, 2018 12 minutes ago, Chef Jim said: Finally. Something we agree on and and agree 100%!! Wow that hurt. That won't even get a chuckle out of Gleeful Gator. You'll have to off yourself or die in a fiery car crash to get him to even smile a little bit. Link to comment Share on other sites More sharing options...
Tiberius Posted December 6, 2018 Share Posted December 6, 2018 Trade War idiocy Dow extends deep losses, triggered by uncertainty on U.S.-China trade deal U.S. stocks suffered across-the-board declines in early trading as investors were rattled by the arrest of a Chinese executive, further threatening progress on a trade deal. Oil prices also plunged, and omens of a recession emerged in the bond market. By Taylor Telford 12 minutes ago Link to comment Share on other sites More sharing options...
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