— are still mostly in the red for the trailing 12 months despite their strong year-to-date comeback. Amazon's single-digit gains in the past 12 months can also be compromised if the e-commerce giant disappoints when reporting earnings next week.
"It's undeniable they've had a very robust run," said Mike Loewengart, chief investment officer at E-Trade Capital. "With the ones that have elevated evaluations where there are a lot of expectations going into their near-term results, when there are hiccups along the way, it's not unreasonable to see them fall in response to that."Perhaps the biggest backlash brewing against those tech superstars is the government's antitrust investigations.
Microsoft's stock went through "a huge consolidation from 2002 and finally broke out in 2013. That thing was dead money for a decade. That's the risk of a regulatory overhang," DeGraaf said."I think that some of the regulatory risk is getting better from a practical standpoint," said Jason Helfstein, Oppenheimer's managing director of internet equity research.
hey, no worries, just keep buying Microsoft like the rest of the idiots at approaching 30 times earnings!
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