A new strain of coronavirus, the Omicron variant, has been detected in more than a dozen countries across at least five continents and global markets have been trending lower amid increasing concerns. Investors tend to rotate into the highest quality big tech stocks amid uncertainty, according to Evercore ISI analyst Mark Mahaney. “Facebook and Amazon remain two of my top picks,” Mahaney said Wednesday on CNBC’s “Squawk Box.” Mahaney cited the appealing valuations of Meta Platforms Inc. and Amazon.com Inc. “I just think the valuation is relatively compelling on both of those names and I think they both have good fundamental stories going into 2022,” he said. Mahaney noted both stocks have been “somewhat dislocated” in 2021, which creates an opportunity to buy. Facebook is up about 19 percent year-to-date, while Amazon is only up about 8 percent so far in 2021. “They’ve been among the highest quality internet stocks …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta