*By Lauren Babbage*
Trade war concerns have been plaguing the markets for weeks, but until recently the FAANG stocks were largely immune. But that might be about to change.
The big tech companies ー Facebook, Apple, Amazon, Netflix, and Google parent Alphabet ー were unable to recoup losses on Tuesday after seeing precipitous falls to start the week. Netflix alone was down almost 6 percent Monday, its biggest percentage loss in nearly two years.
That came after President Donald Trump said early in the week that he was considering restricting Chinese investments in U.S. companies. On Tuesday, though, he would ease off those toughened rules.
But Trump's position on trade has been known to vacillate, and if his ultimate stance does target technology companies directly Jason Ware, chief investment officer at Albion Financial Group, told Cheddar FAANG stocks will likely take a hit.
Apple, in particular, could be affected. China represented nearly 20% of the iPhone maker's revenue in 2017 and is a major source of components and manufacturing for the company.
But will any sell-off last? Ware doesn't necessarily think so.
"I think it's difficult to paint a picture that they are overvalued. In fact, we think they are undervalued relative to their growth and relative to the low-interest, low-inflation environment," he said.
Shares of Facebook, Amazon, Netflix, and Google all hit all-time highs last week.
For the full segment, [click here.](https://cheddar.com/videos/will-faang-stocks-continue-to-beat-market-slumps)
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
With interest rates high, housing inventory low and Veterans Day just around the corner, Cheddar News took a look at how the current market is impacting those who served and continue to serve our country. Patton Gade, national director of military lending with UMortgage, explains how a VA loan works, its benefits and what's involved in the process of purchasing a home.
Stocks were mixed in Tuesday's early session as Wall Street came off a strong rally last week.
Google on Monday confronted the second major U.S. antitrust trial in two months to cast the internet powerhouse as a brazen bully that uses its immense wealth and people's dependence on one of its main products to stifle competition at consumers' expense.
Hilton Grand said it's in the process of purchasing Bluegreen Vacations in a $1.5 billion deal.
Walt Disney Co. named former PepsiCo veteran Hugh Johnston as its new chief financial officer.
The PlayStation 5 Slim will be reportedly released on Friday.
With the holiday season approaching, many are in the market for a new TV. Cheddar News breaks it all down.
Credit card usage is sure to tick up ahead of the holiday season. With cashback, airline miles and points to be earned, reward credit cards could give you a bonus. Grant Gallagher, associate vice president and head of financial well-being with Affinity Federal Credit Union, spoke with Cheddar News about why it's important to take advance of those rewards.
