8 months ago
Holy Cow! Have FANGs Lost Their Bite?
Facebook (FB), Amazon.com (AMZN), Netflix (NFLX), and Alphabet or Google (GOOGL) has been such a collective dominant force that they've been given their own name -- the FANGs. Earlier this month, a U.S. portfolio strategist said that the group could log another 20%-40% gain by the end of 2017, but a Goldman Sachs report published today suggests that at least some of those stocks are due for a tumble. Facebook, Amazon, Apple (AAPL), Microsoft (MSFT), and Alphabet could be the "new Staples" and are starting to exhibit "'min vol' characteristics,' wrote Goldman's Robert Boroujerdi.