When the stock market swooned in January, there were plenty of bearish calls about the so-called FAANGs.
This is market shorthand for some very high-powered Internet plays–as in Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL).
In my view, tech investors have certainly had a tougher time in 2018, compared to the non-stop meteoric gains last year.
Facebook experienced a short sell-off several weeks back over what critics say was lax data security during the 2016 presidential cycle.
Apple, meanwhile, also reported robust earnings and an $100 billion stock buyback program. Its stock shot up nearly 13% during five days of trading.
The explosive growth at Netflix has sent the content streaming company’s share soaring this year, up 65% as of May 4.
Amazon shares have advanced 35% on the year over the same time period.
Tesla aside, the so-called FAANG-plus stocks showcased by Bespoke are performing pretty well.
In these volatile times, tech stocks seem to continue to mesmerize plenty of investors.