FAANG alt-currency stock FB had a pocket pivot. In the most recent quarter, FB earnings rose 20% and sales 29%, ahead of its peers GOOG and AAPL, both mentioned in the recent Report Watch List Review. All three remain alt-currencies in this QE environment which has been awash with capital.
V had a pocket pivot 2 days ago and remains in buying range. Earnings at 21% and sales at 13% have accelerated in its most recent quarter. With a market value of $356 billion, it too can be classified as an alt-currency stock.
Pocket Pivot Review - FB, V
|19 Nov 2019 03:31 ET
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.