Jim Cramer says his group of 'FANG' tech companies have lost their magic

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Jim Cramer gave his take on the 'FANG' companies, his acronym for Facebook-parent Meta, Amazon, Netflix and Alphabet.

"'FANG' has become worthless as a name, an acronym, an amalgam, because of sheer ennui. Nobody cares anymore, nor should they,"Stocks fell on Monday ahead of a potential interest rate hike from the Federal Reserve and aCramer said that one of his main issues with the "FANG" group is that the companies are opaque, which doesn't allow investors to make informed decisions about their stocks.

Amazon: The stock will go higher if Amazon lays off even more of its workforce after already cutting more than. If the company doesn't take that step, its stock will fall and the company will become unworthy of its $1 trillion market capitalization. Google-parent Alphabet: The company is largely an advertising business, which has been hit hard by the slowing economy, yet remains unclear about the challenges it's likely facing., which in recent years has been added to the original acronym to create "FAANG," is a more transparent company with an attractive price-to-earnings multiple. Investors who own the stock should hold onto their shares, he advised.

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:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yeah, like 6 months ago. Why is he always standing in the bomb crater warning everyone.

Buy signal

Yeah I hate strong secular tailwinds, huge moats, high margins, low debt, huge cash flows, and fortress balance sheets. Why would anyone own them? The thing about Cramer is he has to come up with new material every day to get a sound byte. He is the ultimate

Never, ever comingle entertainment and investing?

Jim Cramer should’ve been the villain the MCU was building up to.

United States United States Latest News, United States United States Headlines

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

Jim Cramer's Investing Club meeting Monday: Dow stocks, Fed, FordInvesting Club: 3 investing lessons from the Club’s meeting Friday: Dow stocks, Fed, Ford
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the market Monday: FANG-obsession over; crazy earnings, Fed, jobs weekBig week ahead, and big run so far in 2023. But earnings, the Fed's decision and jobs data will test the stock market bulls' resolve.
Source: CNBC - 🏆 12. / 72 Read more »

What to watch for when 9 Club holdings report earnings on ThursdayEarnings season for the Club will hit a fever pitch Thursday, when nine companies in Jim Cramer's Charitable Trust report quarterly results.
Source: CNBC - 🏆 12. / 72 Read more »