The FAANG stocks (Facebook, Apple, Amazon, Netflix and Google) have seen their worst month in a long time end over the weekend with considerable losses since March 12th. Given that the tech-heavy Nasdaq also dropped on Monday April 2nd, most traders now consider the FAANGs a so-called ‘Dead Trade’ and argue that investors will have to change their portfolio.
Related coverage: https://thegoldwater.com/news/21794-Apple-CEO-Slams-Facebook-Business-Model-Of-Monetizing-Personal-Information-Video
In fact, their burden on the Nasdaq has been such that the index is now in negative territory for the year. The latest culprits are Netflix, Facebook and Amazon.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Amazon Loses $53 Billion in Market Value, Becoming FAANG's Biggest Loser <a href="https://t.co/XC3W7F87co">https://t.co/XC3W7F87co</a><a href="https://twitter.com/hashtag/QAnon?src=hash&ref_src=twsrc%5Etfw">#QAnon</a></p>— [o] (@occulturalism) <a href="https://twitter.com/occulturalism/status/980078113316130822?ref_src=twsrc%5Etfw">March 31, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Facebook is of course the stock which most people look at when it comes to negative trading sentiment as of late due to the Cambridge Analytica scandal which made people aware that the company of CEO Mark Zuckerberg had allowed the usage of more than 50 million users’ data without their knowledge to be sold to the UK company.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Shares of Facebook, Amazon, Apple, Netflix and Google parent Alphabet, commonly known by the acronym FAANG, have lost more than $260 billion in total market value over the past week and a half <a href="https://t.co/wjF7c6cK9T">https://t.co/wjF7c6cK9T</a></p>— The Wall Street Journal (@WSJ) <a href="https://twitter.com/WSJ/status/978783760731770886?ref_src=twsrc%5Etfw">March 28, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Amazon has been in an ongoing war of words with US President Donald Trump over its usage of US Postal Services which the latter claims is an unfair advantage over rivals. Mr Trump had repeatedly warned of antitrust investigations for the Jeff Bezos company.
Related coverage: https://thegoldwater.com/news/21981-Trump-Takes-on-Bezos
Chief Investment Officer of Robo Global, Mr Bill Studebaker said: “This is a dead trade"
"I wouldn't expect there to be a lot of performance attribution coming from the FAANG stocks."
According to Mr Studebaker, the market is ready for a "reallocation out of large-cap technology, into other parts of the market. When you get these reallocation trades, a de-risking, this can go on for months and months."
Source:
https://www.multichannel.com/news/faang-stocks-lose-bite-in-market-decline
Twitter: #Trump #QAnon #London #USA #Donte #Tuesdaythoughts
They also don't like it when we use their liberal propaganda machine against them.
I saw a screen shot of a chat session where "we" were referred to as a cancer that came from seemingly everywhere and couldn't be killed unlike a campaign. That chat took place before the conservative SM purge. I think they found their baby (social media) was hanging out with people (us) the parents (suckerface ES ect) don't approve of so the great purge was instituted. Then we (the good anons) started messing around with multiple bs SM accounts and began pushing our memes and hashtags to the normies. It seems to be working and hopefully we get to see the demise of centralized data collection from yuge businesses that sell to anyone with $$.
Let them burn, just make sure your 401k's are not tied to those shitty stocks. When owners of yuge co's are selling stock wholesale like suckertits its all the message I needed and after a 45min argument with the person that manages our 401k accts I got my $$ moved and guess what I kept almost all the massive gains the market made since trump was elected. Time to call her to rub it in. KEK
I guess people aren't share the the petty personal things in their lives as much.
But it is ironic that these Liberal Social Media sites, which were started by Liberals. That were build to and used to steer their users opinions. Used to adjust their users morals to except extreme oddities, and steer their user votes in the liberal direction for 10+ years. Used the simple school yard PACK Mentality concept. Only started to fail once they were exposed when the stronger minded conservatives adapted their process to work for them also.