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The Zacks Analyst Blog Highlights: Facebook, Apple, Amazon.com, Netflix and Alphabet
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For Immediate Release
Chicago, IL – November 20, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Facebook Inc. , Apple Inc. (AAPL - Free Report) , Amazon.com Inc. (AMZN - Free Report) , Netflix, Inc. (NFLX - Free Report) and Alphabet, Inc. (GOOGL - Free Report) .
Tech stocks have been beaten down, with FAANG stocks at the helm of the carnage. Per a Wall Street Journal report, FAANG stocks have collectively lost around $575 billion in market cap since the beginning of October. It goes without saying that FAANG stocks have had a rough ride this year. Understandably, there have been multiple reasons behind this decline.
Facebook, Apple, Amazon Bleed
Per a Wall Street Journal report, the FAANG family, comprising Facebook Inc., Apple Inc., Amazon.com Inc., Netflix, Inc. and Alphabet, Inc.’s Google, has collectively lost $575 billion in market value since the beginning of October. Both Apple and Amazon were robbed of their $1 trillion market cap crowns.
Meanwhile, Facebook got embroiled in a data misuse scandal involving Cambridge Analytica that resulted in the company’s shares taking a hit. Following this, Facebook posted disappointing second-quarter results, wherein it missed earnings expectations for the first time in 11 quarters. So much so that Facebook lost almost $150 billion in two hours after missing expectations on both earnings and revenues.
Apple’s shares have been suffering on concerns of slowing demand for iPhones. Moreover, the iPhone maker recently announced that it won’t be reporting sales numbers for iPhone in its quarterly reports. Things worsened after the company gave a weak guidance for the current quarter.
Although Amazon posted the second straight quarter of record profitability, its shares have taken a hit time and again in 2018. Despite impressive results, the e-commerce giant gave a tepid outlook for the holiday season.
Netflix, Google Feel the Heat
Netflix by far has been the best performer in the FAANG group. However, Netflix’s shares tumbled 13% in after-hours trading after the company said that it added a meager 5.2 million new subscribers in the second quarter, falling shy of its forecast of 6.2 million.
Alphabet too has been one of the major sufferers, with the company’s shares taking a beating on slowing growth in sales. October traditionally hasn’t been a good month for stocks. Shares of Facebook, Amazon, Apple, Netflix, Google and Apple declined 4.8%, 19%, 20%, 4.6% and 9.7%, respectively, in October alone.
Challenges Galore for FAANG Stocks
Understandably, the FAANG family has a spate of challenges waiting ahead. Facebook is facing threats of further regulatory scrutiny. Facebook’s shares took a hit once again on Friday on concerns that it could face regulatory scrutiny following a New York Times report on Wednesday about the company’s efforts to avert criticism of its handling of Russian propaganda.
Netflix, despite being way ahead in the streaming war, is likely to face challenges with more players like Disney, AT&T and Apple jumping the bandwagon. Apple’s slowing iPhone demand has been a growing concern for quite some time now. In fact, many analysts believe that by no longer reporting iPhone sales figures, it wants to hide the pain of slowing demand for iPhone.
Google, despite reporting profits in the third quarter fueled by gains in digital advertising and smartphones, missed the revenue estimate. Taking all these factors into account, FAANG stocks may be on a rocky road ahead.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Facebook, Apple, Amazon.com, Netflix and Alphabet
For Immediate Release
Chicago, IL – November 20, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Facebook Inc. , Apple Inc. (AAPL - Free Report) , Amazon.com Inc. (AMZN - Free Report) , Netflix, Inc. (NFLX - Free Report) and Alphabet, Inc. (GOOGL - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday’s Analyst Blog:
Can FAANG Stocks Bounce Back from Market Turmoil?
Tech stocks have been beaten down, with FAANG stocks at the helm of the carnage. Per a Wall Street Journal report, FAANG stocks have collectively lost around $575 billion in market cap since the beginning of October. It goes without saying that FAANG stocks have had a rough ride this year. Understandably, there have been multiple reasons behind this decline.
Facebook, Apple, Amazon Bleed
Per a Wall Street Journal report, the FAANG family, comprising Facebook Inc., Apple Inc., Amazon.com Inc., Netflix, Inc. and Alphabet, Inc.’s Google, has collectively lost $575 billion in market value since the beginning of October. Both Apple and Amazon were robbed of their $1 trillion market cap crowns.
Meanwhile, Facebook got embroiled in a data misuse scandal involving Cambridge Analytica that resulted in the company’s shares taking a hit. Following this, Facebook posted disappointing second-quarter results, wherein it missed earnings expectations for the first time in 11 quarters. So much so that Facebook lost almost $150 billion in two hours after missing expectations on both earnings and revenues.
Apple’s shares have been suffering on concerns of slowing demand for iPhones. Moreover, the iPhone maker recently announced that it won’t be reporting sales numbers for iPhone in its quarterly reports. Things worsened after the company gave a weak guidance for the current quarter.
Although Amazon posted the second straight quarter of record profitability, its shares have taken a hit time and again in 2018. Despite impressive results, the e-commerce giant gave a tepid outlook for the holiday season.
Netflix, Google Feel the Heat
Netflix by far has been the best performer in the FAANG group. However, Netflix’s shares tumbled 13% in after-hours trading after the company said that it added a meager 5.2 million new subscribers in the second quarter, falling shy of its forecast of 6.2 million.
Alphabet too has been one of the major sufferers, with the company’s shares taking a beating on slowing growth in sales. October traditionally hasn’t been a good month for stocks. Shares of Facebook, Amazon, Apple, Netflix, Google and Apple declined 4.8%, 19%, 20%, 4.6% and 9.7%, respectively, in October alone.
Challenges Galore for FAANG Stocks
Understandably, the FAANG family has a spate of challenges waiting ahead. Facebook is facing threats of further regulatory scrutiny. Facebook’s shares took a hit once again on Friday on concerns that it could face regulatory scrutiny following a New York Times report on Wednesday about the company’s efforts to avert criticism of its handling of Russian propaganda.
Netflix, despite being way ahead in the streaming war, is likely to face challenges with more players like Disney, AT&T and Apple jumping the bandwagon. Apple’s slowing iPhone demand has been a growing concern for quite some time now. In fact, many analysts believe that by no longer reporting iPhone sales figures, it wants to hide the pain of slowing demand for iPhone.
Google, despite reporting profits in the third quarter fueled by gains in digital advertising and smartphones, missed the revenue estimate. Taking all these factors into account, FAANG stocks may be on a rocky road ahead.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.