Tesla (TSLA) Makes Cars, But is Not A 'Car Company' Anymore (FB) (NFLX)
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Price: $177.45 -1.32%
Rating Summary:
23 Buy, 27 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Rating Summary:
23 Buy, 27 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
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News flash: Tesla Motors (Nasdaq: TSLA) is no longer an automobile company.
Well, not according to Miller Tabak technical analyst Jonathan Krinsky, anyway. In a note out Tuesday, Krinsky noted that there is a new
To give a little perspective, the late 1990s tech bubble found Microsoft (Nasdaq: MSFT), Dell (Nasdaq: DELL), Intel (Nasdaq: INTC), and Cisco Systems (Nasdaq: CSCO) as the chosen one's in the equal-weighted index. Eventually, Sun Microsystems, Oracle (Nasdaq: ORCL), and EMC Corp. (NYSE: EMC) were added into the mix, but any selection of the
Now, Krinsky says the new group is Facebook (Nasdaq: FB), LinkedIn (NYSE: LNKD), Netflix (Nasdaq: NFLX), and Tesla Motors. Since the start of 2013, the four are up an equally-weighted 205 percent and the group is up 230 percent over the last 12 months. Those numbers compare with the Nasdaq being up just 20 percent over the last year.
What's curious is that the former
There is really no strong connection between Facebook, Netflix, Tesla, and LinkedIn, save for Netflix integrating Facebook and Tesla (we guess) probably having Facebook and Netflix apps somewhere in its internal computer.
Strange world.
Well, not according to Miller Tabak technical analyst Jonathan Krinsky, anyway. In a note out Tuesday, Krinsky noted that there is a new
Four Horsemenof tech that are basically infallible right now.
To give a little perspective, the late 1990s tech bubble found Microsoft (Nasdaq: MSFT), Dell (Nasdaq: DELL), Intel (Nasdaq: INTC), and Cisco Systems (Nasdaq: CSCO) as the chosen one's in the equal-weighted index. Eventually, Sun Microsystems, Oracle (Nasdaq: ORCL), and EMC Corp. (NYSE: EMC) were added into the mix, but any selection of the
Fourgenerally yielded better performance than the Nasdaq from October 1998 through October 2000.
Now, Krinsky says the new group is Facebook (Nasdaq: FB), LinkedIn (NYSE: LNKD), Netflix (Nasdaq: NFLX), and Tesla Motors. Since the start of 2013, the four are up an equally-weighted 205 percent and the group is up 230 percent over the last 12 months. Those numbers compare with the Nasdaq being up just 20 percent over the last year.
What's curious is that the former
Four-- Microsoft, Dell, Intel, and Cisco -- could be considered related, at least Microsoft, Dell, and Intel on PCs and maybe Microsoft, Intel, and Cisco on servers and networks.
There is really no strong connection between Facebook, Netflix, Tesla, and LinkedIn, save for Netflix integrating Facebook and Tesla (we guess) probably having Facebook and Netflix apps somewhere in its internal computer.
Strange world.
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