👉 Analysts Take a Bite Out of FAANG with Big Downgrades

Good morning. Stocks continued their recent slide on Friday, as many big tech names faced analyst..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

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Good morning. Stocks continued their recent slide on Friday, as many big tech names faced analyst downgrades, adding some salt in the wound to the recent selloff. Even worse, the drop on Friday allowed the S&P 500 Index to slide under its 50-day moving average. In the sort-term, that's a bearish indicator that there's more trouble ahead, and another 10 percent decline may be in the cards for the next few weeks. Now heres the rest of the news: Sponsored Content "The 12 Million Mile Battery" One "original 7" electric car employee has beaten his former company to market on an energy innovation so powerful it can send a Tesla cross country without charging — 4 times. It's capable of charging in eight minutes, not hours. It's on the cusp of sparking a 20,300% market surge over the next decade. Click HERE for details. MARKETS DOW 27,657.42 -0.88% S&P 3,319.47 -1.12% NASDAQ 10,793.28 -1.07% *As of market close • Stocks slid into the weekend, closing slightly off their lows. • Oil prices traded flat, closing at $40.98 per barrel. • Gold prices rose 0.4 percent, hitting $1,957 per ounce. • Cryptocurrencies were slightly down, with Bitcoin last trading around $11,056. Today's TOP TIPS What to Do Now as the FANG Stocks Get a Downgrade On Friday, Barclays Bank downgraded the FANG stocks and Microsoft (MSFT), to market weight. That's a neutral rating overall, but given that the word "sell" is a dirty word on Wall Street, it's a major shot across the bow of the major companies that have driven markets higher in the past year. The biggest insult? Barclays stated its main concern: That stock valuations are completely out of whack, and on par with a level last seen during the tech bubble. » FULL STORY Insider Trading Report: Molson Coors Beverage (TAP) Louis Vachon, a director at Molson Coors Beverage (TAP), recently added to his stake with a 3,000 share buy. That brings his total holdings to over 26,400 shares for a 13 percent increase. The total buy came to just over $105,000. With the stock market in selloff mode, a holding in the beverage space is a great defensive sector to be in, so it's no surprise that directors are buying now. » FULL STORY Unusual Options Activity: Snapchat (SNAP) The November $21 put options on Snapchat (SNAP) saw a massive 165-fold surge in volume, with over 30,200 contracts trading hands on Friday. The bet, expiring in 60 days, is nearly 10 percent out-of-the-money, given the recent share price of $23.82 on Friday. The trader buying the contracts paid about $1.25 per contract. For the option to profit at expiration, shares would need to slide under $20 between now and November. » FULL STORY IN OTHER NEWS • Barron's states that the market is in a bubble—and offers a few ways to still stay in the game. • With over 22 million jobs lost this year, millions of Americans find themselves on the financial edge. • President Trump signs off on the deal for Oracle and Walmart to partner up and buy TikTok. • Insurers face at least $3 billion in damages so far over wildfires in the Western United States. • As tensions between the U.S. and China mount over trade, the semiconductor industry braces for disruptions. • Traders remain reluctant to return to the office as Covid-19 numbers continue to trend down. • The Federal Reserve's intervention in the market has helped the ETF business under BlackRock soar. • While big tech had a tough week, smaller tech firms going public, including Snowflake, appear undervalued. • In real estate, a Los Angeles mansion once owned by Lana Turner hits the market for $46.5 million. • In earnings, Herman Miller shares soar 33 percent as home office sales benefit the furniture company. S&P 500 MOVERS TOP APTV 6.796% ZM 6.198% TSLA 4.421% MRO 2.992% NWSA 2.827% BOTTOM NCLH 5.852% CCL 5.727% PEAK 5.338% VNO 5.19% KIM 5.508% Quote of the Day Measures of equity valuations are now at 2000 dot-com bubble levels and appear to be pricing in an ideal scenario… We are reluctant to chase the rally by paying above the elevated market multiples. - Barclays analysts on the reason to downgrade the entire FANG complex on Friday Sponsored Content "The 12 Million Mile Battery" One "original 7" electric car employee has beaten his former company to market on an energy innovation so powerful it can send a Tesla cross country without charging — 4 times. It's capable of charging in eight minutes, not hours. It's on the cusp of sparking a 20,300% market surge over the next decade. Click HERE for details. Not sure the best way to get started? 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