Unveiling AI Trading Strategies: FAANG Stocks - $AAPL, $AMZN, $GOOG, $META, $NFLX
Unveiling the Dynamics of the FAANG Stocks: A Snapshot of the Tech Giants
AI Robots: Trading in Every Style
FAANG is an acronym representing five of the most dominant and innovative tech companies listed on American stock exchanges: Facebook, Amazon, Apple, Netflix, and Alphabet (previously known as Google). Notably, these are now referred to as Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG), Amazon.com (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), and Netflix (NASDAQ: NFLX).
The combined market capitalization of these behemoth tech companies, known as the FAANG theme, stands at a whopping average of 1.4 trillion dollars. The valuations of these tech giants show a broad spectrum, ranging from a high of 3 trillion dollars held by Apple to the more modest yet impressive 194.8 billion dollars held by Netflix.
As is the nature of stock markets, the FAANG group has witnessed some turbulence recently. As of the 8th of July 2023, Apple saw a market cap decrease of $51.8 billion, marking the week with a closing share price of $190.68. Similarly, Amazon and Alphabet witnessed their market capitalizations drop by $20.7 billion and $27.2 billion respectively.
Looking at the price movement trends, the average weekly price growth across the FAANG theme took a slight dip of -0.43%. Despite this slight contraction, these stocks have seen appreciable growth over larger time frames, boasting an average monthly price growth of 6.36%, and a remarkable average quarterly price growth of 59.37%. Meta Platforms recorded the highest price growth at 1.24%, while Apple experienced the biggest drop at -1.7%.
Within this group, Netflix experienced notable price fluctuations. It saw a decrease of -5.12% on the 23rd of June, 2023, making it the top loser of the week. However, only a month prior, it had recorded a significant gain of +6.66%, demonstrating the potential volatility in the stock market.
On the trading front, the FAANG stocks have seen a downward trend in volume with an average weekly volume contraction of -24.09%. The average monthly and quarterly volume changes follow a similar trend, contracting by -39.33% and -40.69% respectively.
A fundamental analysis of these tech giants suggests an intriguing picture. The average ratings, where 1 is best and 100 is worst, show a valuation rating of 83 and a strong Price/Earnings (P/E) growth rating of 18. The price growth rating stands at 12, indicating substantial appreciation potential. The Sales+Margin+Return (SMR) rating and profit risk rating are 48 and 45 respectively, showcasing moderate performance in these areas. Lastly, the seasonality score of 16 (on a scale of -100 to +100) suggests some influence of seasonal trends on these stocks.
In conclusion, FAANG stocks continue to be a focal point for investors, demonstrating strong performance and growth despite recent fluctuations. The potential for future growth remains high, illustrating the continued resilience and innovation of these tech giants.
AAPL in downward trend: 10-day moving average crossed below 50-day moving average on September 13, 2024
The 10-day moving average for AAPL crossed bearishly below the 50-day moving average on September 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Notable companies
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances