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4 tech giants President Trump calls ‘MAGA’ stocks have lost $1 trillion in the coronavirus-induced market rout
The tech giants are Trump's favorites because the beginning letters can be arranged to spell "MAGA" — the acronym used during his 2016 campaign.
Each of the technology giants pared losses on Monday and Tuesday when global stocks fell for two days in a row.
Consumer discretionary stocks including restaurants, entertainment, and the biggest US technology companies are leading the surge in options volumes.
Why one Wall Street analyst thinks Alphabet could surge another 15% after hitting a $1 trillion market value
A 15% surge in Alphabet's stock would put it in the running to be the highest-valued US company. Apple currently holds the title.
The 5 most valuable US tech companies are now worth more than $5 trillion after Alphabet’s record close
Big Tech's record-high valuation comes amid heightened regulatory scrutiny and calls from legislators to break up the massive companies.
Apple was the first US company to hit the milestone market valuation in 2018. Since, Microsoft and Amazon have also reached $1 trillion market values.
"We are incrementally more constructive about what we perceive as multiple ways to get paid under the recently appointed Pichai regime," Levine wrote.
Facebook and Alphabet combined are expected to have 78% market share in digital advertising by 2024, according to Stifel.
A mounting ‘techlash’ is hurting Alphabet’s profits, and one analyst says spinning off YouTube could be the answer
Needham & Company analyst Laura Martin estimates YouTube could reach a $300 billion valuation as a standalone company.
Google parent Alphabet is set to report 3rd-quarter earnings on Monday. Here’s what Wall Street analysts are saying ahead of the results.
Analysts expect Alphabet to post about $9.72 billion in profit on $32.72 billion in revenue for the third quarter.