Monday, July 30, 2018

FAANG Stocks Losing Their Appeal?

First of all, who actually says FAANGs? Second of all, if analyst and financial advisers are so good...why do they still work for a living?

"These are stocks you want to run away from," McDonald told CNBC's "Trading Nation" on Friday. "I see potentially 30 percent to 40 percent downside on the FAANGs." A 30 percent decline would turn Apple and Alphabet lower for the year. Facebook is already negative for 2018 and currently trading in a bear market having fallen more than 20 percent from its 52-week high