Graph of this issue: https://pbs.twimg.com/media/DeU2yZkX4AE-Hwz.jpg
As earnings season continues, one thing is becoming clear: tech is king.
Coming into Q1 releases, conventional wisdom was that sectors such as energy and financials would be the big winners. Tech, on the other hand, had largely led the moves down over the last couple of months, and was not often mentioned as a place to be. Energy earnings are, as expected, showing tremendous growth, which is hardly surprising if you so much as glance at a chart showing oil prices, while early in the season most financial firms did reveal the expected increase in trading profits.
The headline grabbers, however, have been in tech, and especially big tech.
The big four, Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL), collectively known as the FANG stocks, have all reported EPS beats, ranging from a penny in the case of Netflix to a massive 168% upside surprise from Amazon. Now that we have all their earnings, it is time to take stock, if you’ll forgive the pun.
Do you think these 5 stocks will continue to be good investments?
Submitted May 29, 2018 at 08:26AM by gorillaz0e https://ift.tt/2IYGIGK
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