Week 42 Big Tech Trending and Performance

The Big Tech stocks are the high growth stocks and I like to review them separately from the NASDAQ or other markets. These are some of the well-known components of the markets and tend to also influence them in a big way.

Do bear in mind that many of the Big Tech stocks have earnings releases this week. So, things may change in a hurry.

Here is the trending heat map as of market close Monday 24 October.

We can see that 5 of the 17 are trending short-term bullish. Netflix, Micron and Salesforce seem the best of the lot. We also see that 4 are trending perfectly bearish: Tesla, PayPal, Alibaba and Baidu. The rest are trending somewhat similar to the S&P 500.

Here is their ROI for different periods in time.

Netflix is currently on a roll and, as we saw above, trending the best of the lot. The year to date returns really tell the story how the Big Tech stocks have fallen more than the markets in general. Only Apple has fallen less than the S&P 500.