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.
Ireland Latest News, Ireland 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
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.
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.
Read more »
Broncos Owner Recently Traveled to Michigan to Meet Jim Harbaugh, per ReportThe Wolverines coach conducted the meeting after affirming that he was staying with the program on Jan. 16.
Read more »
Jim Harbaugh met with Broncos after committing to stay at Michigan: reportJim Harbaugh committed to staying at the University of Michigan on Jan. 16, but that didn't stop him from meeting with the Denver Broncos a few days later.
Read more »
Jim O'Donnell: A year after Duchossois' death, Arlington Park continues to wilt in the windJim O'Donnell says Dick Duchossois' racing palace is now merely an open wound in the civic psyches of Arlington Heights and adjacent municipalities.
Read more »