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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.
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.
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.
5G growth, record Tesla deliveries, and streaming war fallout: These are one stock analyst’s top 10 predictions for tech in 2020
"Heading into 2020 there is clear momentum for the tech space/ stocks" due to a number of important trends, Daniel Ives of Wedbush wrote.
Apple and Google should be regulated like banks if they go deeper into financial services, German finance minister says
Apple has already issued $10 billion in credit for its Apple Card product, and Google plans to offer a checking account as soon as next year.
Google parent Alphabet has a $115 billion pile of cash that could be used to boost its stock, analyst says
Google parent company Alphabet has been a cash-generating machine and can use its stash to boost its stock value, Jefferies says.
Of course, there’s still plenty standing between Waymo and fare collection. Human drivers are regularly taking over for the computer, The Information reported this week, and the beta program has received numerous complaints from those in its suburban Phoenix test zone.
While the hefty $5 billion penalty did have a short-term impact on net income, which came in short of the same quarter last year, analysts on the Street see the fine as merely a small speed bump on the company's long-term trajectory.