As the second quarter begins, the markets are very much in the red on Monday, April 2nd, as China retaliates with tariffs on U.S. goods and President Trump increases his attack on Amazon (AMZN - Get Report) .
Are We Witnessing the Death of FANG Stocks?
"Is this the death of the FANG stocks?" asks Real Money columnist Stephen Guilfoyle. He points out that all four FANGs -- Facebook (FB - Get Report) , Amazon (AMZN - Get Report) , Netflix (NFLX - Get Report) and Google/Alphabet (GOOG - Get Report) (GOOGL - Get Report) -- "have fallen during the past 30 days, and all but AMZN are down over the past three months as well."
Where do the FANGs go from here? Guilfoyle's thoughts on that question are complex.
(AMZN, FB and GOOGL are part of the Action Alerts PLUS holdings.)
Attention Traders: The Stock Market Is Now Oversold
Real Money columnist Robert Lang's take on the market: "Markets were in stuck in their own purgatory after a volatile month of February. It may seem the action in March was much calmer than February, but I can tell you there was more angst and nervousness following the sharp move up in the VIX."
"As we start the new month/quarter," he adds, "the technical condition is largely oversold on several metrics, the price chart is also rather bearish."
Don't Buy the Dip on Facebook, Twitter and Alphabet
"Here's why I'm avoiding Facebook, Twitter (TWTR - Get Report) , and Alphabet right now: most people are unaware of the level of data collection in which these companies are currently engaged," according to Real Money Pro columnist Ed Ponsi.
"They're about to find out. Officials from all three companies have been invited to appear before the Senate Judiciary Committee on April 10, for a hearing on the future of data privacy, " adds Ponsi, "that's just for starters."