We all know his power. The famous group FAANG (Facebook, Apple, Amazon, Netflix and Google) is so powerful that it can make or break the fortunes of the stock market.
Recently, its members are trying to regain their lost foot. The danger is that trust in these market leaders seems fragile, which could derail the rebound on Wall Street.
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AND online
The danger is real …
The S & P 500 is down 5% from its record high of September 20th. Amazon, Alphabet (parent of Goggle), Netflix and Facebook show little vigor.
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ThinkStock Photos
Netflix: the screen test
A 5% rise in Netflix on Wednesday after the release of its optimistic quarterly report has eased the concerns of the video streaming company. But this has only little effect on his peers. In the past, these stocks have often increased together.
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Reuters
Problems that are preparing?
Thanks to a strong economy and significant corporate tax cuts, earnings per share of the S & P 500 index is expected to grow by 22% in the third quarter. But commercial concerns can throw a key in the works. Investors remain cautious about the trade dispute between US President Donald Trump and Beijing, as well as higher interest rates due to the strength of the US economy and low unemployment prices.
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ThinkStock Photos
Keep the powder dry
The Amazon cloud computing industry makes sure it counts. The tech giant is expected to post a non-GAAP net profit for the September quarter of $ 1.54 billion, or $ 3.12 per share, up from $ 256 million a year ago. Alphabet's September non-GAAP net income increased 9% to $ 7.36 billion, or $ 10.43 per share. Microsoft's non-GAAP net income is expected to grow 13 percent to $ 7.46 billion, or 96 cents per share. Facebook publishes its quarterly results on October 30, followed on November 1 by Apple.
