Folks, it’s quarterly earnings season… And I have some important insight into why you need to pay attention to FAANG stocks ahead of earnings.
FAANG stocks are among the most popular, most-held stocks on the market, and they make up a massive chunk of the Nasdaq 100. And there are a number of factors that will influence whether they go higher or lower over the next six months.
FAANG stocks of course are Facebook Inc. (Nasdaq: FB), Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), Netflix Inc. (Nasdaq: NFLX), Google parent Alphabet Inc. Class A (Nasdaq: GOOGL), and now Nvidia Corp. (Nasdaq: NVDA) is in the club because of its market cap.
These large-cap tech stocks were market leaders throughout the entire Trump administration, leading the Nasdaq to a number of new record highs. Apple even became the biggest company in the world over the past few years…
But around Sept. 2 of this past year, something started happening to them…
FAANG Stocks Ahead of Earnings: Praise or Panic?
After the Nasdaq set a new record peak in early September, FAANG stocks largely stopped moving higher, bucking the trend. I wasn’t sure whether this was because traders anticipated Joe Biden winning the 2020 election, or if it was because the broader rally was coming to an end.
This was the first time in years that something like this had happened… We saw the S&P 500 continue to go higher and higher, and when FAANG stocks stopped following along, I started to worry.
So if you’re wondering what’s going on for FAANG stocks ahead of earnings next week and where you should be positioned, you’re in the right place!
In today’s video I’m going to discuss where these stocks are right now… which ones are leading… and where the panic level is for other FAANG stocks ahead of earnings.
P.S. After my video about FAANG stocks ahead of earnings, read this:
The media is buzzing about President Joe Biden’s inauguration and what a Democratic-controlled government could mean for the U.S. economy and Wall Street.
Any time big news like this breaks, it has the potential to impact stocks and cause market volatility. And this new “changing of the guard” couldn’t come at a more tenuous time.
I’ve been warning my readers for weeks that the broader indexes look overstretched… meaning they could snap back at any moment into a correction.
I’m not saying this is going to be the catalyst that shakes up the market, but it doesn’t hurt to start preparing now for a changing climate.
To get you started, I’ve teamed up with expert trader Tom Busby to bring you a timely training seminar. In it, we’ll show you how to spot stocks set to climb — regardless of headline news or market volatility.