Jim Cramer, founder of TheStreet, called FAANG “the sand pound”, meaning “lost” on Twitter Thursday.
The stock was ranked higher as data pointed to a sharp recovery in the US economy thanks to Amazon earnings. (AMZN– Receive a reportFacebook (FB– Receive a report, Apple (AAPL– Receive a reportAnd letters (GOOGL– Receive a report Fulfill expectation
Amazon smashed its earnings forecast Thursday as its shares hit a record high.The company̵7;s shares, which closed at $ 3,471.31 per share, after gaining 0.37 percent in the session, were up 3.55 percent in after-hours trading. Immediately after the earnings release to indicate Friday’s opening bell price of $ 3,659.24 per share.
Amazon said Prime Day will take place in the current quarter after COVID delays last year, with projections totaling between $ 110 billion and $ 116 billion.
Facebook, which reported net income of $ 9.50 billion and was one of the top beneficiaries on Thursday, saw its stock rise after the social media giant followed Alphabet in reporting a quarterly spike in ad revenue. First in the first trimester Profits nearly doubled, and overall revenue was also higher than anticipated.
Cramer said he likes the fact that Facebook still has billions of monthly active users, and that means they just scratched the surface when it comes to advertising.
In Alphabet, Cramer said that Google’s cloud system is still pretty good and is working to get Amazon Web Services and Azure to run for money. “This is the story of great growth of clean growth. But it’s the stocks that rush in, and when stocks come in this situation, all analysts are consistent and positive, let the stocks come down and buy, ”Cramer said.
Apple reported earnings of $ 1.40 per share, more than 40 percent above the consensus estimate and revenue of $ 89.6 billion, surging on estimates of more than $ 12.3 billion. The company’s performance broke Wall Street’s highest expectations.
Goldman Sachs upgraded Apple on Thursday, and Bret Kenwell of TheStreet took a look at the chart to see how key investors should be looking for Apple’s stock.
Cramer said Apple is a must-have and investors should buy it at this level. “So who doesn’t have it should buy it now, they deliver great quarters and the fact that the stock hasn’t changed is pretty crazy and you want to own it, not trade, and if it’s down, you can. Buy a second point there. He added.
For more insights into FAANG stocks, including trading tips and investment strategies, follow Real Money experts.
Here is a list of FAANG stocks to watch and their performance by percentage change over the past five days during Thursday trading:
Facebook | + 10.93% 5 days
Facebook (FB– Receive a report Rising ad revenues on Wednesday helped the social media giant beat Wall Street’s first-quarter earnings forecast.Its shares rose 5 percent to $ 322.46 in after-hours trading.
Facebook shares were up 18.7 percent compared to the 11.4 percent increase in S&P 500 over the same period.The company reported net income of $ 9.50 billion, or $ 3.30 per share, compared to $ 4.9 billion, or $ 1.71 per share, in revenue. Total $ 26.17 billion, a 25% increase from a year ago.
TheStreet Quant Ratings rates Facebook as purchases with an A- rating score.
Apple | + 1.44% 5 days
An apple (AAPL– Receive a report It was up 0.41 percent on Thursday after the tech giant announced fiscal second-quarter results, hitting Wall Street estimates and boosting a $ 90 billion share buyback program due to post-epidemic demand in China. This resulted in a huge increase in iPhone sales.
Apple said iPhone revenue rose 65 percent from a year ago to $ 47.94 billion, higher than the $ 41.7 billion analysts had forecast from what CEO Tim Cook called “strong demand for the iPhone 12 family.” ”
TheStreet Quant Ratings rated Apple as A-Points purchases.
Amazon | + 4.69% 5 days
Amazon Inc.AMZN posted strong-than-expected first-quarter results Thursday, as rising revenue from the web services division sent stocks a record high in after-hours trading.
Amazon said net income for the three months ended March was $ 15.79 per share, more than three times last year’s $ 5.01 total and excellent on Street’s consensus forecast of $ 9.54 per share. Amazon Group revenue said it rose 44 percent from a year ago to $ 108.5 billion, above analysts’ estimate of $ 104.55 billion.
TheStreet Quant Ratings rates Amazon as purchases with a B rating score.
Netflix | -0.50% 5 days
Netflix (NFLX– Receive a report Its earnings report and said it expects to add about 1 million new subscribers to the streaming service this quarter, a figure well below the estimate of 4.8 million. In the weaker-than-expected March quarter of 3.98 million, missed analysts’ estimate of 6.25 million. road Martin Baccardax noted.
Netflix shares plunged after Los Gatos, Calif., The streaming giant beat Wall Street’s first-quarter earnings forecast on Tuesday, but fell on Cramer’s subscription growth in his column, Real. Money last week said why he still believes Netflix has a place in FAANG.
TheStreet Quant Ratings rated Netflix as purchases with a B rating rating.
Letters | + 6.30% 5 days
Letters (GOOGL– Receive a report Shares rose on Wednesday after Google’s parents and YouTube owners reported outperformed first-quarter results, prompting a group of Wall Street analysts to raise a one-year price target for the shares.
Alphabet reported earnings on Tuesday of $ 17.93 billion, or $ 26.29 per share, compared to $ 6.84 billion, or $ 9.87 per share, last year.Total revenue $ 55.31 billion, up from $ 44.16 billion a year. Last
TheStreet Quant Ratings points letters as purchases with a rating score of A.
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