ernie44
3 years ago
why the FANGMAN stocks β Facebook, Amazon, Netflix, Googleβs parent company Alphabet, Microsoft, Apple, and Nvidia β have a market capitalization over $10 trillion. They blew it out in the second quarter with nearly $70 billion in profits. The pandemic β while taking a sledgehammer to Main Street and Mom-and-Pop businesses β has been good for Big Tech. And when Big Tech makes up 25% of the S&P 500, whatβs good for Big Tech is good for the stock market.