John Rubino, of Safehaven.com, highlights several (formally bulletproof) stocks in the technology sector that were getting hit hard on Wednesday and what this might suggest moving forward.
Tuesday's bulletproof stocks, led by the FANGs (Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOG)), are getting whacked Wednesday. Amazon is down 100 points from its high, 32 of those points coming Wednesday. Netflix is off by nearly 10%. Even Google, which really does seem bulletproof operationally, is down 3%.
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Most of these companies are and will remain pretty great… To read the entire article click here…
By John Rubino, Contributor, Safehaven.com
