Big Tech Stock Analysis

I did some analysis on the big tech stocks couple of weeks back. It is time to look at them closer again as I do hold FNGU and TQQQ that are dependent on Big Tech stocks performing well.

Trending Heat Map

Meta had a poor price movement post earnings and the heat map shows that. Even though it is still trending short-term bullish, the strength of the price movement has dissipated.

Amazon doing very well. Continues to trend short-term bullish and price has actually made a 3-month high.

Apple very strong as well. Price has now crossed over the 200-day moving average as well. Could be the first to turn long-term bullish.

Google recovered somewhat from its short-term bearish trending. However, it still has work to do. The price did move over the 50-day moving average though. So, that is a good sign.

Alibaba remains in a bearish trend. Its price action is really poor.

Baidu is similar - very bearish.

AMD continues to do well. The price crossed over the 50-day moving average.

Microsoft price has delivered, and it is now trending short-term bullish.

Salesforce also turned bullish short-term with its 10-day crossing over the 20-day moving average.

Zoom is still trending bearish and has gone worse. The price has also dipped below its 50-day moving average. So, Zoom will have to start all over again.

Intel is trending barely bullish, but price has crossed below the 10-day and the 20-day moving averages. I would call it trending bearish now.

PayPal doing fine and trending short-term bullish.

Square keeping pace and also trending short-term bullish.

ROI

In a week where the stock markets had one of their best weeks and July was also the best month of the year, these stocks were down: Meta, Alibaba, Baidu, Zoom and Intel. That is 5 of the 17 Big Tech stocks that I track.

In the last week Amazon was the best Big Tech performer followed by Tesla, Google, Microsoft and AMD. And 12 of the 17 Big Tech stocks I track were up.

Looking at all of the month of July we see a similar situation. The stocks that had negative ROI were Meta, Alibaba, Baidu, Zoom and Intel.

The top performer for July was Tesla followed by Netflix, Amazon, AMD and PayPal.

Leveraged Tech ETFs

If you read my notes here, then you know that I do not play with individual stocks. I use leveraged technology ETFs. So, how did these do? For the month of July, the ROI was:

I hold TQQQ and FNGU from the above.

We can see that all 3 - TQQQ, BULZ and TECL performed better than any of the Big Tech stocks, and FNGU was the 4th best.

That is the beauty of a diversified basket added with leverage. We avoid the individual stock risk and juice up the ROI through the leverage.