Should Investors Get Defensive Despite The Endless Stream Of Good News? – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

FAANGs blow away their numbers but market reaction muted – why?
Triple plays only get half the benefit of the ten year average reaction
Stock markets are upper range of valuation
Time for stock substitute plays?
FAANGs blow away their numbers but market reaction muted – why?

Although the earnings season is only half over the key FAANG stocks all reported numbers with most blowing out their results well above consensus estimates. Yet the overall market is showing little follow through as the tech heavy trades lower this morning.

Yesterday Amazon (NASDAQ:) was the last of the FAANGs to report and the results did not disappoint with the company reporting earnings at 66% higher than expected with EPS coming in at $15.79 versus $9.64 forecast. With AMZN report coming on the heels of a very big by Apple Inc (NASDAQ:) as well the data suggests that the high tech sector continues to benefit from secular growth even as the...read more...