Black Friday for The FAANG, Who May Lose a Member

Published by
The Street

By Luc Olinga Amazon shares fell more than 14% in the April 28 session, their worst session since 2006. It’s a first quarter that will leave a lot of scars. While concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech tenors would provide some reassurance on the outlook for companies much more established. It’s true that investors were worried about this earnings season, but to imagine that it was going to turn into a nightmare was unthinkable. There was the hope that Apple (AAPL) – Get Apple Inc. Report, Amazon (AMZ…

Read More