Absolute tearaway earnings from FAANG this morning:

  • Facebook EPS $1.80 vs. $1.39 sent estimate
  • Apple EPS $2.58 vs. estimates of $2.07
  • Alphabet EPS $14.21 with adjusted earnings of $10.13 vs. $8.21 estimate
  • Amazon EPS $10.30 vs. an estimate of $1.46

Much of the commentary was positive as well so all of the stocks are up bigly after hours.

The stocks are expensive:

But, as said previously, they have a good argument to be so, with minimal virus exposure (even a tailwind) and consistent topline growth rates at 20% and above.

MB Fund is overweight Facebook, Apple (and Microsoft) with a smaller holding in Alphabet. We’d probably hold Amazon as well but its individual shares are so expensive it’s difficult to manage the weighting.

The odd man out is Netflix which was smashed a few weeks ago as it guided lower on subscriber growth.

But somehow FAAG goes BAAG doesn’t have the same ring to it.

Houses and Holes
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