Join BI PrimeThe stock market's recovery following its coronavirus plunge has been led by the so-called FAANG stocks — Facebook, Apple, Amazon, Netflix, and Google parent Alphabet — along with Microsoft.
But the shares of Apple, Facebook, and Google look like they've gotten ahead of themselves; all three companies were likely significantly affected by the coronavirus-spurred economic downturn, Morgan said.The stock market has come roaring back from the hit it took this spring from the coronavirus crisis, but if you ask Dan Morgan, the rebound may be a bit overdone, at least when it comes to some of the biggest tech stocks.
A good case can be made for the run-up in the shares of Amazon and Netflix and, to some extent, Microsoft, Morgan said. All three companies have benefited to a greater or lesser extent from the pandemic-related shelter-in-place orders. "The entire group is up year to date, which you would never expect," Morgan said. "You could see Amazon and Netflix doing really well, but you'd have to say, in retrospect, you would never expect a Facebook, a Google, or even an Apple."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Kirain vokalisnya Wali 😅
Virus Survivors Could Suffer Severe Health Effects for Years ['
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Net City, Tencent's 320-acre futuristic neighborhood in China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Please don’t do this US should game up their infra they gotta stop aiding other countries and start aiding themselves. IMO
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple and Google have trained their virtual assistants to rebut 'All lives matter' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When machines go sentient... no lives will matter... Google Former CEO Eric Schmidt and his co-authors show the innovative corporate culture and mission of the Internet search tech titan. Our delusions of importance are a source of suffering. Our arrogance is our destruction. There is no AllLivesMatter or BlackLivesMatter. The unavoidable truth is that NoLivesMatter. Humility through this fact is the way to greater peace.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here's the presentation Google gives employees on how to spot unconscious bias at work - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I deliver meals to people in quarantine — here's why hunger needs national attention - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook's refusal to remove a post by Trump still won't hurt its ad business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »