Big Moves in FB and AMZN: What's Next?
Posted on Thursday, February 3, 2022 at 3:40 PM
Dan Passarelli, CEO - Market Taker Mentoring
There were big moves in FB and AMZN: What's Next? Well, even though it's common for tech stocks to move together somewhat, this is a case where each company sort of stands on its own merit.
Facebook (FB) was down about 25% because its (bad) earnings and future (worse) guidance. That dragged other tech stocks like Amazon.com (AMZN) down with it. But when AMZN's earnings were released after the close today, the stock shot back up huge.
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