Re: Smart analysis on big tech -- Apple section highlighted
[{"sender": "jeffrey E. [jeevacation@gmail.com]", "recipients": ["Thomas Jr., Landon"], "timestamp": "9/17/2018 7:12:25 PM", "subject": "Re: Smart analysis on big tech -- Apple section highlighted", "body": "its the leader for the next years ."}, {"sender": "Thomas Jr., Landon", "recipients": [], "timestamp": "Mon, Sep 17, 2018 at 2:35 PM", "subject": "Re: Smart analysis on big tech -- Apple section highlighted", "body": "China's big tech stocks have fallen into a bear\nmarket at the same time that regulatory threats\nagainst U.S. big tech companies are gaining\nmomentum. Can U.S. big tech stocks soldier on\nalone or is this a harbinger that the group as a whole\nis losing its tremendous leadership position?\n\nSep 13, 2018\nTechnology & Security\nTech Backlash\n\nSave Article\n\nDownload PDF\n\nbig-tech-backlash\n\nIn recent months, China’s BAT collapse has demonstrated how costly the expectation of\ninvincibility can be—Baidu, Alibaba, and Tencent are all down more than 24%\nfrom their year-to-date closing highs. Citigroup’s head of Asia strategy, Mohammed\nApabhai, told CNN an apt analogy about the investor sentiment that led to BAT’s collapse,\nlikening “the exuberance for tech stocks to the Looney Tunes cartoons in which Wile E.\nCoyote chases Road Runner over a cliff.” Given they’ve more or less moved in\ntandem for years, will FAANG follow the same path as BAT?\n\nThe BAT collapse was triggered by subpar earnings and a shifting regulatory environment\nin China. Facebook’s miss in 2Q18—which drove a $120 billion single-day market cap\nloss, the biggest ever for a U.S. company—showed how decisive a turn could be if more\nU.S. tech darlings stumble this quarter."}]