|Bid||131.9000 x 800|
|Ask||132.0300 x 800|
|Day's Range||131.2700 - 137.7500|
|52 Week Range||131.2700 - 218.6200|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||19.99|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||196.97|
Stocks fall as tech weighs on the market. Yahoo Finance's Adam Shapiro, Julie Hyman, Andy Serwer and JP Morgan Global Market Strategist Gabriela Santo.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the stocks in the tech industry.
Share of Google parent Alphabet Inc. has dropped into bear market territory for the first time in seven years in afternoon trade Monday, amid a broad and sharp selloff in the technology sector. The stock was down 3.6%, on track for the lowest close since May 3, as the SPDR Technology Select Sector ETF shed 3.7%, with all 65 of its components trading lower. The S&P 500 was down 1.8%. Alphabet's stock's intraday low of $1,026.86, it was 20.1% below its July 26 record close of $1,285.50; many on Wall Street define a bear market as a decline of 20% or more from a bull-market peak. A close at or below $1,028.40 would mark the end of the current bull market, and start of a new bear market, since it came out of the last bear market on Oct. 14, 2011. The stock was last down 3.7% at 1,029.23. The other three original FANG stocks--Facebook Inc. , Amazon.com Inc. and Netflix Inc. --are already in bear markets, while the honorary FAANG stock--Apple Inc. also dipped into bear market territory intraday Monday before bouncing back out.
U.S. stock futures are trading slightly lower as traders return to their trading turrets for a holiday-shortened week. The slack in demand is causing the inventory of the company’s Pascal-GPU-based graphics cards to pile up.
In a way, Twitter’s (TWTR) declining user base is viewed positively by investors, at least for now. When Twitter released its third-quarter results last month, the stock jumped ~22%, the most in eight months, even though the company reported that it continued to lose subscribers during the quarter. Twitter exited the third quarter with 326 million MAUs (monthly active users), below the consensus estimate of 333.1 million MAUs and down from 335 million MAUs in the previous quarter.
Facebook, Amazon, Apple, Netflix and Google-parent Alphabet have fallen steadily over the last 6 weeks. Wall Street defines a bear market as a fall of 20 percent or more from a stock's 52-week high. The FAANG stocks – Facebook FB , Amazon AMZN , Apple AAPL , Netflix NFLX and Google-parent Alphabet GOOGL – have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts.
To that end, the stock charts of Facebook (NASDAQ:FB), Exelon (NYSE:EXC) and Devon Energy (NYSE:DVN) look like they have the most to offer, from a risk/reward perspective. One hates to bet against the king of social networking, but Facebook shares look like they’ve slipped into what has become a self-fueling freefall. The downtrend broke to new multimonth lows on Friday.
Politicians from Brazil, Singapore and Latvia have joined calls for Facebook chief executive Mark Zuckerberg to stand before an international "Grand Committee" to testify on fake news and the company's handling of data breaches affecting millions.
If the thought of investing in the stock market scares you, you are not alone. Individuals with very limited experience in stock investing are either terrified by horror stories of the average investor losing 50% of their portfolio value – for example, in the two bear markets that have already occurred in this millennium – or are beguiled by "hot tips" that bear the promise of huge rewards but seldom pay off. The reality is that investing in the stock market carries risk, but when approached in a disciplined manner, it is one of the most efficient ways to build up one's net worth.
According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of Facebook Inc. (FB) shares has declined to close to the 52-week low of $139.53, which is 37.0% off the 52-week high of $218.62. The company has a market cap of $400.98 billion.
Facebook CEO Mark Zuckerberg is reportedly turning more aggressive as he defends the company against the latest allegations. That’s angering some top executives there. Yahoo Finance’s Alexis Christoforous, Scott Gamm and Editor-in-Chief Andy Serwer discuss.
Jason Calacanis, angel investor, and Joel Kulina, Wedbush, discuss the decline in Facebook shares and what’s next for the social media company.
Traders Joe Terranova, Steve Weiss, and Jon and Pete Najarian are joined by Yana Barton, portfolio manager at Eaton Vance, to discuss tech dragging stocks down into a bear market.