Jim Cramer, the founder of TheStreet, called FAANG’s wicked “a pound of sand”, meaning “get lost” on Twitter on Thursday.
Shares end higher as data show rapid recovery in US economy with Amazon gains (AMZN) – Get a report, Facebook (FB) – Get a report, Apple (AAPL) – Get a reportand Alphabet (GOOGL) – Get a report exceeding expectations.
Amazon crushed its earnings forecast on Thursday after the shares reached a new record. Shares of the company, which closed at $ 3,471
Amazon said its first day would come in the current quarter, following a delay in COVID last year, with total revenue projected between $ 110 billion and $ 116 billion.
Facebook, which reported a net profit of $ 9.50 billion and was one of the biggest gains on Thursday, saw stocks rise after the social media giant followed Alphabet in reporting a jump in advertising revenue for the first quarter. Profits have almost doubled and total revenues also exceed forecasts.
Cramer said he likes the fact that Facebook continues to receive billions of active users every month, which means they’ve just scratched the surface when it comes to advertising.
Regarding Alphabet Cramer, he said Google’s cloud is still pretty good and is working to enable Amazon Web Services and Azure to make money. “It’s a story of huge growth, of pure growth, but a stock that has encountered it. And when stocks get into a situation like this, where every analyst is the same and positive, let the stocks go down and then buy them. said Cramer.
Apple reported earnings of $ 1.40 per share, up more than 40 percent from consensus estimates, and revenue of $ 89.6 billion disappeared from estimates of more than $ 12.3 billion. The company’s results shattered Wall Street’s highest expectations.
Goldman Sachs upgraded Apple on Thursday, and Bret Kenwell of TheStreet looked at the charts to see what key levels investors should look at with Apple shares.
Kramer said Apple is a must-have and that investors should buy it at that level. “So those who don’t have it have to buy it now. They’ve delivered a great quarter, and the fact that the stock is unchanged is pretty crazy. And you want to own it, not trade it. And if it gets cheaper, you can make it buy a second point there, “he added.
For more in-depth coverage of FAANG stocks, including trading recommendations and investment strategies, follow Real Money experts.
Here is a list of FAANG stocks you need to monitor and their performance by percentage change over the last five days against the background of trading on Thursday:
Facebook | + 10.93% 5-day
Facebook (FB) – Get a report climbed on Wednesday after rising ad revenue helped social media giant beat Wall Street earnings expectations for the first quarter. Shares of the company rose 5% to $ 322.46 in after-hours trading.
Shares of Facebook have risen 18.7% so far, compared to the rise of the S&P 500 of 11.4% 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, a year ago. Revenues amounted to 26.17 billion dollars, which is 25% more than a year ago.
TheStreet Quant Ratings rates Facebook as a purchase with an A- rating.
Apple | + 1.44% 5-day
Apple (AAPL) – Get a report rose 0.41% on Thursday after the tech giant posted second-quarter fiscal revenues that troubled Wall Street forecasts and boosted its $ 90 billion share buyback program as demand rose sharply after a pandemic in China in iPhone sales.
Apple said iPhone revenue rose 65 percent last year to $ 47.94 billion, well ahead of analysts’ estimates of $ 41.7 billion, thanks to what CEO Tim Cook called “strong demand for the iPhone 12 family”.
TheStreet Quant Ratings rates Apple as an A-rated purchase.
Amazon | + 4.69% 5-day
Amazon Inc. AMZN posted much stronger-than-expected earnings for the first quarter on Thursday, thanks in part to a jump in revenue from its web services division, sending shares to a new record in trading in hours.
Amazon said net income for the three months ending in March was $ 15.79 a share, more than tripling a total of $ 5.01 last year and shattering Street’s consensus forecast of $ 9.54 a share. . The group’s revenue, Amazon said, rose 44 percent from a year earlier to $ 108.5 billion, beating analysts’ estimates of $ 104.55 billion.
TheStreet Quant Ratings rates Amazon as a B-rated purchase.
Netflix | -0.50% 5-day
Netflix (NFLX) – Get a report reported earnings and said it expects to add about 1 million new subscribers to its streaming service this quarter, a figure that is below estimates of about 4.8 million. The estimate followed a lower-than-expected quarter of March of 3.98 million, which also missed analysts’ forecasts of a total of 6.25 million, The streets Martin Bacardax scored.
Shares of Netflix fell after streaming giant Los Gatos, California, beat Wall Street revenue expectations for the first quarter on Tuesday, but failed to boost subscription growth. Cramer, in his Real Money column last week, explained why he still believes Netflix has a place in FAANG.
TheStreet Quant Ratings rates Netflix as a B-rated purchase.
Alphabet | + 6.30% 5-day
Alphabet (GOOGL) – Get a report shares jumped on Wednesday after Google’s parent and YouTube owner reported first-quarter results that easily exceeded expectations, prompting a number of Wall Street analysts to raise their one-year stock price targets.
Alphabet on Tuesday reported earnings of $ 17.93 billion, or $ 26.29 per share, compared to earnings of $ 6.84 billion or $ 9.87 per share a year ago. Revenue was $ 55.31 billion, up from $ 44.16 billion a year ago.
TheStreet Quant Ratings rates the alphabet as a purchase with an A rating.
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