Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

The Surprising FAANG Powerhouse

Published 05/29/2017, 12:10 AM
Updated 07/09/2023, 06:31 AM

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 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
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 Performance 19-26 May, 2017

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.