For Immediate Release
Chicago, IL – November 11, 2016 – 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 (NASDAQ:(FB - Free Report) – Free Report), Amazon (NASDAQ:(AMZN - Free Report) –Free Report),Apple (NASDAQ:(AAPL - Free Report) –Free Report),Microsoft (NASDAQ:(MSFT - Free Report) –Free Report) and Alphabet (NASDAQ:(GOOGL - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
Why Tech Stocks (FB, AAPL, AMZN, MSFT, GOOGL) Are Tanking Today
Shares of some of the world’s largest tech companies, including Facebook (NASDAQ:(FB - Free Report) –Free Report), Amazon (NASDAQ:(AMZN - Free Report) –Free Report), Apple (NASDAQ:(AAPL - Free Report) –Free Report), Microsoft (NASDAQ:(MSFT - Free Report) –Free Report) and Alphabet (NASDAQ:(GOOGL - Free Report) – Free Report), are in the red today as investors continue to adjust for Donald Trump’s upset victory in the presidential election.
The prevailing concern surrounding tech companies under a Trump presidency is the potential changes to manufacturing and distribution that the Donald would make. For example, Trump has voiced his desire for Apple to build its products in the United States, as opposed to its current operations in China and other places abroad.
Shares of the Cupertino-based tech giant slid nearly 3% in morning trading Thursday, and the stock is now down about 4% since Tuesday afternoon. Apple CEO Tim Cook was forced to send out an internal memo in the wake of the election results, reassuring employees that Apple’s “North Star” hasn’t changed and suggesting that they all move forward together.
Microsoft stock also fell Thursday, with shares falling about 2.6% in morning trading. The company responded to the election results in two public ways, including a post from CEO Satya Nadella on newly-acquired LinkedIn (LNKD) that congratulated President-elect Trump and asserted that Microsoft’s goals have not changed.
While Nadella remained primarily non-partisan, the CEO did link to a blog post from the company’s chief legal head Brad Smith. It was here that the sense of Microsoft’s paranoia about the future of tech became apparent; Smith made it clear that the company was ready to stand up to the government to advocate for “clearer and more modern” laws.
The brutal performance of tech stocks was spread pretty evenly throughout the entire industry on Thursday. Facebook and Alphabet both slipped about 4.2% in morning trading, while Amazon fell nearly 5%.
Overall, the market’s reaction to the election results seems to assume a quick adoption of the policies Trump ran on. Money is pouring out of technology and renewable energy and back into traditional energy sources and American industry.
Only time will tell what President Trump actually does, and his specific policy initiatives remain relatively unclear. For now, investors seem to be trading based on his rhetoric, which may or may not manifest itself in actual changes. The market just can’t tell for sure what it’s getting right now.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
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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