Microsoft, Apple and Alphabet are sitting on extremely profitable businesses and huge piles of cash. (Other megacaps like NVDA, Meta, NFLX, maybe less so.) So

Microsoft, Apple and Alphabet are sitting on extremely profitable businesses and huge piles of cash. (Other megacaps like NVDA, Meta, NFLX, maybe less so.) So far we have not seen much in the way of the highly-anticipated earnings decline, and the current projection for Q4 GDP is around 4% growth, which suggests to me that Q4 earnings should be better than anticipated by the pessimists out there. I would see this as a relatively painless opportunity to cut out low performers. Sure it sucks for those who are being cut, but my experience working at a FAANG tells me there are a lot more than 10% who contribute very little.