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
| Published: | 19 Nov 2019 03:31 ET |
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