FANGMANT/ Manificient Seven + NFLX

Definition:
In consolidation: Less than 10% decline from ATH
In correction: More than 10% but less than 20% decline from ATH
In bear market: More than 20% from ATH

GOOG: In consolidation since 2024 ATH
AMZN: In consolidation since 2024 ATH
MSFT: In consolidation since 2024 ATH
META: In correction since 2024 ATH
AAPL: In correction since 2023 ATH
NVDA: In bear market since 2024 ATH
NFLX: In bear market since 2021 ATH
TSLA: In bear market since 2021 ATH

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META enters into a bear market.
AMZN and MSFT enters into correction phase.

Definition:
In consolidation: Less than 10% decline from ATH
In correction: More than 10% but less than 20% decline from ATH
In bear market: More than 20% from ATH

GOOG: In consolidation since 2024 ATH
AMZN: In correction since 2024 ATH
MSFT: In correction since 2024 ATH
AAPL: In correction since 2023 ATH
META: In bear market since 2024 ATH
NVDA: In bear market since 2024 ATH
NFLX: In bear market since 2021 ATH
TSLA: In bear market since 2021 ATH

GOOG is the only FANGMANT that make a new ATH after earning so can talk loudly…
Below is epsWhisper.com’s interpretation of what GOOG said during earning conference.

Other than AI stock (NVDA) and EV stock (TSLA), AAPL leads in rolling 5-year return…

Microsoft is publicly admitting that Windows is inferior to MacOS?

AMZN makes a new ATH

Definition:
In consolidation: Less than 10% decline from ATH
In correction: More than 10% but less than 20% decline from ATH
In bear market: More than 20% from ATH

AMZN: New 2024 ATH
GOOG: In consolidation since 2024 ATH
MSFT: In correction since 2024 ATH
AAPL: In correction since 2023 ATH
META: In bear market since 2024 ATH
NVDA: In bear market since 2024 ATH
NFLX: In bear market since 2021 ATH
TSLA: In bear market since 2021 ATH

Rotation within FANGMANT.

Top three largest market cap stocks are neck2neck now…
… … … … Market Cap
MSFT… $3.186T
AAPL… $2.938T
NVDA… $2.757T

Nvidia is only $110B behind Apple. Went up 7% today for no particular reasons.

Tesla is worth less than Chase and out of Top 10. Visa and Walmart not far behind.

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Top 5 now accounts for 27% of S&P weighting.

Top 5 = MSFT, AAPL, NVDA, AMZN and GOOG.

At the peak of Dot Com it was 18%.

Do you think that’s a premonition?

I have no idea whether the trend will revert at near this level.

I think the Big 5 hold a lot of monopoly power. They don’t necessarily set a high price to fleece consumers, but the biggest companies have been pretty successful at preventing newer companies from coming into their territories.

I have been thinking there should be more participation in our current bull market from smaller companies. But so far I have been wrong. Most of the SaaS names, the FinTech names, that were darlings of the last cycle, are still trading waaaaay below their all time highs.

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Who will be the first $4T market cap stock?
AAPL MSFT NVDA?

:grin:

AAPL makes a new ATH.


He is referring to Apple incorporated the neural engine 4 years ahead of everyone… before everybody talks about on-device inference.

Made new ATH in May/Jun…
NFLX
GOOG
MSFT
AAPL
NVDA

About to make a new ATH…
META
AMZN

DUD
TSLA