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Donald Trump dubs tech giants the MAGA
club as soaring share prices make Microsoft,
Apple, Google and Amazon each worth
$1 TRILLION-prompting president to take credit

Original Article

Posted By: Imright, 2/12/2020 7:53:02 PM

Four tech giants whose initials spell out President Donald Trump's favorite acronym have sent the stock market soaring to record highs. Microsoft, Amazon, Google and Apple have driven a bull market - together they account for about 17 percent of the S&P 500 and almost 70 percent of the NASDQS gain this year. The four tech giants all have market caps larger than $1 trillion. And the president has taken credit for the boom. A strong economy is central argument for his November re-election campaign. 'The market is setting a record. We set another record today,' Trump said

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Reply 1 - Posted by: John C 2/12/2020 9:09:11 PM (No. 316635)
Wish I owned the stocks.
3 people like this.

Reply 2 - Posted by: Heil Liberals 2/12/2020 9:59:00 PM (No. 316660)
They only have value if people and companies are in a financial position to purchase their merchandise and services. It seems fitting that President Trump take credit for an economy that makes their recent growth possible.
6 people like this.

Reply 3 - Posted by: davew 2/12/2020 10:10:40 PM (No. 316666)
Sorry to tell the President but he didn't invent this acronym. This was created by Dan Nathan, one of the traders that does investment analysis on the CNBC daily program "Fast Money". He came up with it somewhat sarcastically 2 years ago because he couldn't stand that Jim Cramer created FANG for Facebook, Amazon, Netflix, and Google that everyone used. He also thinks Trump is a jerk like most liberals and created the MAGA acronym as a joke to show how certain stocks were unfairly benefiting from the President's policies.
2 people like this.

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