(Bloomberg) — Wall Street’s favorite FAANG is mired in its worst monthly stock performance in two years and analysts are counting on earnings to pull it out of the tailspin.
Most Read from Bloomberg
Google owner Alphabet Inc. is down about 13% in April, erasing $237 billion in market value as jittery investors dump growth stocks amid fears of bigger and faster rate hikes thanks to rising inflation.
One constant in the turmoil: analysts’ enthusiasm, with zero sell and hold recommendations…
Source link
