Grand Finale Tech Party? - Alphabet, Amazon, Netflix, and Facebook
The stock market's usual suspect - of record high prints are on a steady run since late 2016 up to date, despite stumbling into correction February this year. The popular leading tech giants Facebook, Amazon, Netflix, and Alphabet (Google) printed a record high altogether last Wednesday - Alphabet has been lagging on catching record high theme rallies since February. The Microsoft was just a bit 3 pennies shy to tag the high levels.
At the time of this rally, the SPX is 3.5% away from high and Dow Jones - 7.5% from highs, and Apple -iPhone maker -4% from high - it remains to be the most valuable company Market Cap at $908B.
As of 6/21/18 Market Capitalization:
- Amazon - $832B
- Alphabet (Google) - $805B
- Microsoft - $769B
- Facebook - $570B
- Netflix - $175B
Could this be the top? or the beginning of a Trillion Market Cap era? We shall find out soon in the coming days,
Twitter: @ Kris_tin27