From Birch Gold Group
Late last year, the FAANG companies — Facebook, Apple, Amazon, Netflix, Google — took a big hit due to an antitrust probe.
In 2018, they shivered, as fears of trade war escalation took a big chunk out of their profits.
These are just two recent examples of many that have caused uncertainty for the FAANG stocks. Yet so far, nothing has really impacted them. Which leads us to today…
Continue reading “Teetering FAANG Stocks Are Raising These Critical Questions”
From Birch Gold Group
On June 3, a total of $137 billion in market cap was wiped from existence in one day as, according to Wolf Richter, four of the infamous FAANG companies became targets of an imminent antitrust probe (emphasis ours):
It’s a rare moment in recent years that US government regulators are suddenly going after four tech and social media giants simultaneously – Facebook, Amazon, Google, and Apple. … The index dove 4.3% today, the biggest percentage decline since the infamous 4.6% drop on December 24, 2018. In terms of dollars, $137 billion in market capitalization was wiped out.
Reuters is calling it an “unprecedented, wide-ranging probe of some of the world’s largest companies.”
Continue reading “FAANG Companies Facing Impacts from Imminent Antitrust Probe”
From Birch Gold Group
The S&P 500 is continuing its bull run, beating the slump that it often hits in May. But there’s a troubling imbalance in the index that could be a warning of approaching trouble in the broader market.
You see, the vast majority of recent S&P gains are tied to just 1% of stocks in the index: Facebook, Amazon, Apple, Netflix, and Google (now Alphabet) — often referenced together with the acronym FAANG.
While FAANG stocks are being pumped higher and higher, the rest of the S&P is suffering. Here’s why that’s such an important red flag for savers, and what you can do in response…
Continue reading “Strange Truth Behind What’s Holding the S&P Together”