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The Surprising FAANG Powerhouse

By Candy MathesonStock MarketsMay 29, 2017 12:10AM ET
www.investing.com/analysis/the-surprising-faang-powerhouse-stock-200191843
The Surprising FAANG Powerhouse
By Candy Matheson   |  May 29, 2017 12:10AM ET
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Of the five FAANG Tech stocks, Netflix (NASDAQ:NFLX) has enormously outperformed its counterparts on a percentage-gained basis, from the beginning of 2013 onward, as shown on the following two 5-Year graphs.

FAANG Stocks Performance 2012-2017
FAANG Stocks Performance 2012-2017

FAANG Stock Performance Bar Chart 2012-2017
FAANG Stock Performance Bar Chart 2012-2017

NFLX continues to keep pace, percentage-wise, with the other four, as shown on the Year-to-date graph below.

FAANG YTD Performance
FAANG YTD Performance

I'd watch for exceptionally high volumes to drive these stocks to even higher levels at this accelerated pace for the near term, as has been the case since June of last year. Otherwise, we may see a leveling off of the buying, as was the case this past week on Apple (NASDAQ:AAPL), as shown on the 1-Week graph below.

And, as I've mentioned in previous posts (more recently here), Technology holds the key to overall U.S. equity strength, in my opinion. Until major weakness strikes these five major tech stocks, in particular, we're likely to see that continue.

FAANG 1-W Performance
FAANG 1-W Performance

FAANG Performance 19-26 May, 2017
FAANG Performance 19-26 May, 2017

The Surprising FAANG Powerhouse
 

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The Surprising FAANG Powerhouse

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