Looks like Facebook (FB) Amazon (AMZN) and Alphabet (GOOGL) are acting more as we would have expected given the blowouts. That's good news because as Andrew Left told the Fill or Kill team yesterday, if this is all Facebook gives you after the best quarter of the year, then the short risk-reward is definitely on the side of the bears.
I remain steadfast that Facebook isn't expensive until it gets to $160, but that Google could go to $1,000 after this accelerating revenue. I am not sure about Amazon, which I think needs a rest because of how expensive it is. That said, I totally understand how Amazon Web Services is an undervalued gem. (Amazon is part of TheStreet's Growth Seeker portfolio.)
Speaking of steadfast, it's been a big week for Apple (AAPL) , but I want to circle back to it with a reminder that Cirrus Logic (CRUS) gave you a pretty good insight that Apple's gearing up to do something special with sound and the not-much-anticipated iPhone 7. (Facebook, Alphabet and Apple are part of TheStreet's Action Alerts PLUS portfolio.)
Just pointing out that Apple remains under-owned and I think has some good upside even as tech has been the standout this winding-down month.
Plus, I think we are early on in the takeover game for tech. Way too many semi names. Way too many software companies. Way too many everything!