Big Tech is back in regulatory crosshairs, and one stock could be especially vulnerable (via TradingNation)
"Recently, they made some higher highs, but kind of minor higher highs -- not above their all-time highs and then rolled back over in kind of a failure, and you know, kind of a head fake. And that's always negative on a technical basis," Maley said Monday on CNBC's "The FAANG stocks have had varied performances this month so far.
"That's a concern, especially as we move towards the 2020 election, and when Congress comes back from recess, that kind of bipartisan feeling towards the regulation could cause some problems for the group," Maley said.
Gina Sanchez, CEO of Chantico Global, is also steering clear of these high-growth consumer and tech names until market swings cool down. "I'm not that positive on Netflix. And I am concerned that as we continue to slow, companies like Amazon will potentially start to get hit," Sanchez said Monday on "Trading Nation." "The outlook for these I don't think is as positive if you consider that they're going to get probably more whipped around by the volatility that continues to be brought on the market by the trade war.
"I'm not sure this is a great time to be looking at these for investment. They're just simply the front end of any new volatile cycle," Sanchez said.
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