Forget the FAANGs. It's a Stock Picker's Market Now
New York -investors who have been blindly buying all big techs got a rude awakening last week afterNetflix imploded.But thegood news from Teslaproves that some top momentum stocks can still thrive in this rocky market.The latest results fromTeslaandNetflixshow how silly it is for investors to buy into themes and memes like the FAANGs, orMT. FAANG, if you want to addMicrosoftand Tesla to theFacebook/Amazon/Apple/Netflix/Google quintet.This is a stock picker's market."This environment will create
2 FAANG Stocks to Buy Hand Over Fist and 1 to Avoid Like the Plague
Among Meta Platforms (formerly Facebook), Apple, Amazon, Netflix, and Alphabet (formerly Google), there are two incredible bargains and one successful company to shy away from.
Tesla Germany Plant Receives Conditional License to Start Production
BERLIN, March 4 - Teslahas received a conditional license to begin production at its electric vehiclefactory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday.The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while the battery plant will generate over 50 gigawatt hours per year - outstripping European competitors on both fronts.