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[TOPIC] FAMMG Evaporated $276.6 billion Last Night: Short/Bottom?
@Tiger_comments:FAMMG all fell in Q3 earnings season. Yesterday, top five tech giants evaporated a total market cap of $276.6 billion. 1. $Google (GOOG)$ 's earnings report released after the bell on Tuesday, Q3 revenue and profit fell short of expectations, and the stock price fell more than 6% after the bell 2. $Microsoft(MSFT)$ revenue growth fell to a 5-year low, shares fell nearly 7% after hours 3. After the bell on Wednesday, META also released a less-than-expected Q3 earnings report, and its stock price plunged nearly 25% on Thursday. So far this year, Meta's market capitalization has fallen, evaporating from a high of nearly $1 trillion to $730 billion, leaving a market capitalization of $260 billion 4. After the bell on Thursday, $Amazon.com(AMZN)$ announced its third quarter earnings, with revenue missing expectations. The company's guidance for the fourth quarter was also disappointing. After hours, $Amazon.com(AMZN)$ shares plunged 12.73%, down 34.88% for the year 5. $Apple(AAPL)$ reported a mixed Q4 earnings, and shares closed up 0.35% after hours after earnings. YTD performance of FAAMG; data from tradingview PIMCO continues to be bearish on U.S. stocks, PIMCO portfolio manager Erin Browne believes that should not be optimistic about the Federal Reserve slowing the pace of interest rate increases:. Over the past week or so, we've been setting our short positions to higher levels. The decline isn't over. Previously, the Bank of America forecast that Due to continued inflation and Fed rate hikes, the room for earnings growth for U.S. listed companies is getting narrower and narrower. The $S&P 500(.SPX)$ may even fall back to near 3,000 points. In addition to the impact of the general environment, the transformation of the giants is also difficult: Meta all in the meta-universe, the original business is also constantly eroded by Tik Tok; Microsoft transformation of the cloud business, but facing challenges. Some people believe that the tech giants are gradually losing their innovative ability. The once-vibrant tech giants are having a bleak winter. Do you think U.S. tech stocks can ever return to the top? Do you think it is a good time to short U.S. stocks/ or add your positions? Join our topic to win tiger coins~ [REWARDS] 1. All Tigers will be given 50 coins at leastfor posting in the TOPIC page! 2. Tigers will be given extra50-300 coinsrandomly according to the quality and users' interaction of their posts.
[TOPIC] FAMMG Evaporated $276.6 billion Last Night: Short/Bottom?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.