It’s no secret that earnings season has started off with a bang — accompanied by the inauguration of the 46th President of the United States Joe Biden, the social media ban on the former president Donald Trump and a technological revolution spurred on by a global pandemic. With big technology companies now getting political, investors can’t help but question if the FAANG stocks forecast for 2021 will be positive… or negative.
FAANG stocks — the big American tech companies Facebook, Amazon, Apple, Netflix and Alphabet (aka Google) — will be reporting earnings at the beginning of next week. And while most investors are foaming at the mouths to see how well some of the biggest companies on the stock market performed, we noticed that these big tech stocks haven’t really made much movement recently — a trend that could impact the FAANG stocks forecast for 2021.
If you take a look at daily charts for Apple Inc. (Nasdaq: AAPL), Facebook Inc. (Nasdaq: FB), or Alphabet Inc. (Nasdaq: GOOGL), you’ll notice that the stocks are moving sideways… Especially following all the political news of Twitter and Facebook banning former president Donald Trump from using their platforms.
But this lackluster movement says a lot about the FAANG stocks forecast for 2021… This could also have a major impact on how Invesco QQQ Trust Series 1 (Nasdaq: QQQ) will react. This ETF tracks the Nasdaq 100, which is primarily made up of FAANG stocks.
And traders, we’re especially curious about the FAANG stocks forecast for 2021 because of how strangely these stocks are behaving so close to an earnings event…
While we don’t have a crystal ball to give us a definite answer on how these earnings reports will go, we have a few methods we like to use to determine the direction of FAANG stocks 2021 forecast… and whether we’ll be staying long or going short on these stocks.
Watch the video below to see our methods and make sure to leave a comment below on what you think about the video and your predictions on the FAANG stocks forecast for 2021!
P.S. Did you know that a few dozen stocks have gone up on the same calendar dates every year for over the past decade?
If you answered “No” to that question, you’re not alone!
Very few people have heard about these predictable calendar dates. But by tapping into them, you have the chance to lock in consistent winners all year long — no matter what’s going on in the broader markets!
Legendary traders Roger Scott and Tom Busby are pulling back the curtain on this proprietary stock “calendar,” and they wanted to make sure YOU had the chance to learn more about it.