A strong earnings season has the stock market in a bull run. The Dow hit a new record on Monday morning and is creeping up on the 22,000 mark.
The big focus on Wall Street has been the "Fab Five" tech stocks, which have been driving much of the stock market's growth. Facebook Inc. (Nasdaq: FB) in particular enjoyed a nearly 5% rise last week after a better-than-expected earnings report.
But some analysts are trying to spoil the fun. Pivotal Research Group downgraded its rating on Facebook to "Sell" on Monday. Amazon.com Inc. (Nasdaq: AMZN) is facing increased antitrust scrutiny. And Barron's warned readers this weekend that it's time to "take a breather" from the top tech stocks.
Are there real causes for concern? Or are these naysayers simply looking for attention? Money Morning Chief Investment Strategist Keith Fitz-Gerald joins FOX Business Network's "Varney & Co." to tell us what to expect from the Fab Five tech stocks and the rest of the stock market.
Editor's Note: Pundits denied it, experts doubted it, but on Nov. 5, Keith Fitz-Gerald appeared on national television to predict Donald Trump's election would unlock a historic "rip your face off market rally." Now, as billionaires pour tens of billions of dollars into the markets to chase trillions of dollars still on the sidelines of this rally, Keith is watching a mysterious "X" pattern that's appeared on 47 stocks that he monitors. Since then, all of the stocks have gone up in price, some by as much as 150% in 15 days and 264% gains in less than a month. Click here to find out about the others...
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