- Trading
- Trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Volume rebates
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- MetaTrader copy trader
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- PAMM
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Volume rebates
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- MetaTrader copy trader
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- PAMM
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Amazon Acquired Market-Cap Title
- 5-Years: The performance of these tech growth stocks has been impressive which explains why they were the favourite investments for the past decade.
- 1-Year: Out of the four, only Amazon and Microsoft managed to stay in positive territory.
- Year-to-date: Apple is the only one on the back foot despite more optimism in the air. Apple’s CEO issued a rare revenue warning that is undermining its recovery.
News & AnalysisAfter a turbulent year for the technology giants, Amazon was crowned leader of the technology sector by market capitalisation on Monday.
It has surpassed Microsoft to become the “New King in Town”.
Technology stocks have been the primary driver of the global stock markets in the past decade. The overall performance of the tech sector was outstanding since the financial crisis. However, 2018 has shown us that the tech giants are facing their own unique challenges and went into a freefall.
In September 2018, Amazon reached the 1 Trillion Club (please link words to this article- https://www.gomarkets.com/review-of-year-2018/) just over a month after Apple reached the same milestone. Since reaching this historic high, Amazon’s share price has dropped and dipped below the $700bn market cap in December 2018.
Apple, Amazon, Google and Microsoft had been trading on a clear uptrend chart in the past decade, but 2018 took them all on a bumpy ride. The below charts depicts the performance of the four tech giants:
What’s next for these tech stocks? Volatility has been the dominating theme in 2018 and fears have hit stocks hard. After a painful end in 2018, it was a better start for stocks than anticipated. These stocks are expected to bounce back during the course of 2019. However, investors will be more careful in their positionings as the strong confidence in the FAANG group has somewhat faltered.
This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
Brexit- A Decisive Week
The Parliament Vote is the pivotal stage for Brexit. If the Brexit deal is accepted, Britain will exit the EU in an orderly way. However, if the proposed Brexit deal is rejected, there will be many uncertainties to follow. Market participants will have to wait and see how Brexit will unfold as and when more information or decisions will be ...
January 14, 2019Read More >Previous Article
Main Macro Themes In 2019
After a stellar year in 2017, investors were taken aback by the massive swings in the markets in 2018. The turmoil in the financial markets has c...
January 8, 2019Read More >News and Analysis
Join our mailing list to receive market news and monthly newsletters, delivered directly to our inbox.