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© Reuters. There are no good times for the FAANG. Investors had turned their backs on Facebook, Apple, Am
Investing.com – There are no good times for FAANG. Investors had turned their back on Facebook (NASDAQ :), Apple (NASDAQ :), Amazon (NASDAQ), Netflix (NASDAQ 🙂 and Alphabet (NASDAQ 🙂 for most sessions last month.
But, overall optimistic bearish around multinational technology, the good news seems to come. Millions of credit cards are smoking because of Black Friday and Cyber Monday and this fact seems to have revealed investors' appetite. That's why the big technologies generate great interest in opening.
Apple up 1.22%, Amazon generates 1.28% of profits, Facebook records a rise of 1.20%, Netflix up 1.23% while Alphabet (NASDAQ 🙂 would open the market with a revaluation of 1, 28%
In this sense, Bankinter (MC 🙂 comments on the start of sales of the "holiday season" with BlackFriday and Thanksgiving: a year older, Americans are opting for larger purchases than physics over the Internet. Online sales increased by more than 23% Up to $ 6,000 million in BlackFriday, according to Adobe (NASDAQ 🙂 Analytics, which monitors the transactions of 80 of the 100 largest US distributors. Thanksgiving online sales increased + 28% to $ 3,700 million. On the other hand, physical sales would have fallen between 4% and 7%, continuing the trend of previous years.
In addition to these two dates, in which companies offer succulent discounts to users, there is another reason that promises the transition from red to green in the FAANG: the search for good business by investors, as argued by badysts. from Link Securities. "It is possible that the" bargain hunters "start to focus on stocks which, after the sharp drop in their prices, offer a strong growth potential, accompanied, in many cases, very strong balance sheets ( many have a positive net cash position) and much more attractive valuations than a few months ago, "they say.
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