[TOPIC] FAMMG Evaporated $276.6 billion Last Night: Short/Bottom?

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?

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  • 全天股神
    ·2022-10-31
    TOP
    hopeless... this is the capital game by capitalist
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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  • highhand
    ·2022-10-29
    TOP
    metaverse is 20 years too early
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  • ValuInvestor
    ·2022-10-29
    TOP
    Many of them bounced off the bottom. With the exception of $Meta Platforms, Inc.(META)$, the other stocks are facing temporary headwinds and long term buyers should not be worried
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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  • Wizza06
    ·2022-10-29
    TOP
    Traders running scared after a few bad numbers from these proven performers. These bad numbers are also undoubtedly influenced by the current challenging economic conditions. I think its too early to start betting against these quality businesses.
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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  • AliceSam
    ·2022-10-30
    FAMMG all fell in Q3 earnings season. Yesterday, top five tech giants evaporated a total market cap of $276.6 billion.
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    • C1238
      Ok
      2022-10-30
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  • qii
    ·2022-10-30
    Thanks for sharing
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  • JOL
    ·2022-10-30
    Really scary and not sure what to do.
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    • CaptainTiger
      Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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    • CPkawaii
      Vu
      2022-10-30
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  • LesterTan
    ·2022-10-30
    Short term pain for ling term gain. Meta, amzn etc are investing heavily un data & fulfillment centers for the longer term so as to expand their economic moats
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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  • lowmy
    ·2022-10-30
    Hopefully all these are pointing to less aggressive rate hike from the Fed
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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    • YBK
      [Like]
      2022-10-30
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  • Dawang
    ·2022-10-30
    Apple is still the most resilient one, amongst the ones out there. Its ecosystem and pricing premium is sticky, strong and cery resilient. First amongst equals, remains so. 😊😉
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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  • Serene70
    ·2022-10-30
    bad year for equities market especially tech
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    • CaptainTiger
      Nice sharing! Why not also post it on the TOPIC page? (Click the link in blue and you will enter) In that case, more people can see your content and you will also be given 50 coins at least as reward! :)
      2022-10-31
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  • VKHO44
    ·2022-10-30
    Pain of missing target....
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    • zzgundam
      Ok la
      2022-10-30
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  • manekineko
    ·2022-10-30
    thanks for sharing
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    • mmcjb92
      y
      2022-10-30
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  • 88wlam88
    ·2022-10-29
    Hurricane ahead, take cover
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    • ycwoo
      oo
      2022-10-30
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  • vchong8
    ·2022-11-04
    Strangely, despite reasonable valuations and profits, the Fed is calling the shots, not the economy. Tech     is a bellwether now more than ever. You live without vacations but not without the Internet!?
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  • AS78
    ·2022-10-30
    Believe in it
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  • monkeyking
    ·2022-10-30
    静观其变。。。
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  • phongy 45
    ·2022-10-30
    awesome... time to buy more
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  • Patmos
    ·2022-10-30
    Exce llent Art icle
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  • HH浩
    ·2022-10-30
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