Stocks such as Facebook, Amazon and Google (Alphabet) are among those that have given the best performance with exorbitant gains in Nasdaq history.
Performance often rhymes with fame, and in this regard the correlation was as pertinent as ever considering that CMC Markets has compiled research on precisely which Growth stocks have been the most popular on the Web.
Performance analysis of Google, Facebook and Amazon stocks
The research shows that the queen of the Web is indeed Google according to AHrefs monthly data, second is the evergreen Meta although with its former name Facebook and third is Amazon.
In the meantime, the Nasdaq scores +1.67% yesterday and the stocks we just mentioned also marked mostly green.
Google: Alphabet Inc Class A (GOOGL)
The stock of the quintessential “query” touches €90.64 (+0.81%) today and is enjoying the good recovery momentum.
Since the beginning of the year, Google (Alphabet) has recovered 10.12% recording a noteworthy performance.
Market capitalization is apical and touches $540 billion.
The last three quarters of last year Google reported poor performance that was partly due to its business model gone awry.
Difficulty in sourcing Adw and ads in general led to a very bad Q3 but the company is expected to recover from rumors about the quarterly report due out tomorrow.
Meanwhile, according to the Most Googled Growth Stock (MGGS), Google emerges as the most searched stock in Europe with a total of 394,250 searches per month divided by state as follows:
Andorra 50
Armenia 2600
Austria 22000
Azerbaijan 7400
Bosnia and Herzegovina 18000
Cyprus 14000
Denmark 28000
Estonia 5100
Finland 21000
France 86000
Georgia 5800
Germany 149000
Hungary 23000
Iceland 1300
Ireland 11000
Facebook (META)
The social par excellence was estimated at more than $1 trillion in value in September whereas now, aided by a conjunction of problems and continued losses in investment and advertising, it touches $340 billion in value.
Last October the company changed its name to Meta in line with new plans that will bring the social to the switch in the metaverse.
CEO Zuckerberg’s earmarked investments in the Reality Labs division, which deals with VR software and development, have not yet borne fruit, but it is normal for the manager and co-founder that the transition has not been smooth.
Profits fell from $3.22 in 2021 to $1.64 in 2022, a 50% drop.
Advertising revenue, the centerpiece of the business model of the Facebook name era and also derived from Meta-owned Instagram and WhatsApp social networking sites, is solid but down sharply.
To make up for these losses, the company has proceeded to lay off 11,000 people, corresponding to 13% of the workforce.
As for new hires, they have been halted until all of next March.
Analysts despite the critical issues believe that the mega investments made will begin to bear timid fruit this year and then explode in 2024.
Meta is forecasting revenue in the range of 4.7% in 2023 and Eps falling to 7.90.
On the stock market, the share price touches €135.82 in substantial breakeven and can benefit from a good 20% gain since the beginning of the year.
In the special Most Googled Growth Stock (MGGS) ranking it counts 202,200 Google searches, placing second.
The breakdown of clicks divided by country was as follows:
Albania 2200
Armenia 2600
Belarus 2500
Belgium 70000
Bulgaria 14000
Croatia 7400
Czech Republic 9500
Greece 25000
Italy 69000
Kazakhstan n.d.
Amazon (AMZN)
The stock is trading at €94.22 and has gained 22% since the beginning of the year.
Amazon will publish Q4 the day after tomorrow and analysts’ estimates are tentatively positive.
The trend in the long run is bullish, the recovery has actually begun since the end of the year.
Amazon has also resorted to the layoff formula (18 thousand employees).
The company last year lost 44% of the value, and unfortunately the staff cut was necessary.
Andy Jassy, wrote in an internal staff memo:
“We typically wait to communicate these decisions until we can speak to the people who are directly affected, however, as one of our teammates leaked this information externally, we decided it was best to share this news sooner so so you can hear the details directly from me.”
