Big tech stocks were crushed in December. Now they're back

Facebook's myriad privacy problems didn't help matters. Neither did a shocking earnings warning from Apple just after New Year's Day due to sluggish demand for iPhones in China.But techs have come roaring back to life this year, helping to lead the overall market higher. The Nasdaq is up more than 15% so far in 2019.Sure, global growth worries haven't gone away. In fact, fears of an inverted yield curve and weak economic data from Germany sent the market into a tailspin Friday.

Apple fans are now getting excited about the company's growing services business. And the company is hosting a big event Monday where it is expected to highlight its video streaming plans.The rest of the so-called FAANG stocks are surging this year too. Amazon is up 18%. Google owner Alphabet has gained 16%. And Netflix has soared 35%, despite more competition from Apple and Amazon as well as new streaming services coming from Disney and AT&T -owned WarnerMedia.

This is how Facebook kills its competition 03:24But there's a great case to be made for big tech stocks remaining market leaders for the foreseeable future.Brian Sterz, portfolio manager with Miracle Mile Advisors, conceded that valuations for tech stocks have gotten to be a little frothy in the short-term. So it might soon be time for the sector's rally to take a brief pause.

I always loved Nasdaq

The higher it rises, the lower it will fall

Until the crash and then will plummet

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why liberals and big tech companies broke upThe attacks and skepticism that prominent Democrats are directing to Silicon Valley represent a major cultural change in the party. This is not a move against technology.... it is a move against MONOPOLIES. The real answer to big tech is FOSS software, like the Ubuntu Linux I am running now, or some other distro. Some version or fork of Mastodon will could be replacing these social media companies. She could hurry it along by moving the government to their own Linux distro. LOL nice try POLITICO but the truth is Democrats/leftists/progressives and their mainstream fake news media sycophants are securely in the back pocket of the technology industry.
Source: politico - 🏆 381. / 59 Read more »

Netflix CEO breaks with big tech, says his firm is actually a media companyNetflix CEO Hastings argued that his company is more of a media company than a tech company because it spends most of its money on content. Netflix will soon have advertisements in between shows. Just wait... Are they sure they want to identify as that right now, considering how Fatty Twitterbuckle Blowhole Pants blames the media for everything? Good give it a Media multiple!
Source: CNBC - 🏆 12. / 72 Read more »

Analysis | Trump calls out ‘big discrimination’ -- by tech companies against conservativesAnalysis: Trump calls out 'big discrimination' -- by tech companies against conservatives Calling Twitter discrimination... on Twitter. If that is the case why am I reading all this shit about him in my twitter feed? Couldn't possibly be from all the hateful rhetoric from the alt-right polluting every facet of social media....
Source: washingtonpost - 🏆 95. / 72 Read more »