This is an update of my previous article, The Big 8 of Stocks. The Giant 14 are all big stocks, mostly tech stocks, that have all risen greatly this year (and then dropped sharply). This is the same as my previous Big 8 list, with Berkshire Hathaway removed, and a few smaller stocks included. Here it is:
- Apple (AAPL)
- Microsoft (MSFT)
- Amazon (AMZN)
- Alphabet (GOOG)
- Facebook (FB)
- Alibaba (BABA)
- Tencent (TCEHY)
- Tesla (TSLA)
- Walmart (WMT)
- NVIDIA (NVDA)
- Adobe (ADBE)
- Verizon (VZ)
- Salesforce (CRM)
- Netflix (NFLZ)
Taiwan Semiconductor (TSMC) (current market cap $374B) could also possibly be a part of this list, but I am not that familiar with it.
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Here is another list of the FANGMANTIS stocks:
These stocks have dropped between 5.8% (Intel) and 25.1% (Tesla) from their respective highs (date in parentheses):
https://wolfstreet.com/2020/09/11/wild-ride-of-fangmantis-stocks-v-rest-of-market/
So these are the same list of stocks, minus Alibaba, Tencent, Walmart, Adobe and Verizon, plus Intel. Intel has a market cap of $210 bn, making it the smallest company on the list.
Walmart had a high of 147.68 on Sept 2 and has since dropped 8.4%.
Adobe had a high of 533.80 on Sept 2 and has dropped 13.4% before recovering slightly.
Verizon had a high of 60.61 on Sept 3 and dropped 1.8% before recovering slightly. So Verizon isn't acting like the other stocks.
So it looks like it is really the Giant 12 - the 14 from my original list, minus Alibaba, Tencent and Verizon, plus Intel.
Should Alibaba be in the list? Maybe. It had a high of 298.00 on Sept 1 and then dropped 10.2%. But here is the argument against Alibaba: Alibaba [BABA] is not in the FANGMANTIS because it’s not a common stock; it’s an ADR, issued by a mailbox company in the Cayman Islands that has a contract with an entity of Alibaba in China.
In other words, you can't trust that it actually owns shares in the company.
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