The period from October 18 to October 28 marked the busiest period of earnings reports from mega cap technology companies including those known collectively as the “FAANG” stocks: Facebook parent Meta Platforms (NASDAQ: META), Apple (NASDAQ: APPL), Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Google parent Alphabet (NASDAQ: GOOG/GOOGL). Remarkably, the FAANG stocks account for approximately 30% of the weight in the NASDAQ100 Index, which is a market weighted index.
Follow us on: LinkedIn
By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
