Jefferies: The Red-Hot 'FANG' Stocks Might Cool Down in 2016
Time to broaden portfolios in the face of toothless FANG stocks.
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One of the big stories of 2015 has been the massive run in shares of Facebook, Amazon, Netflix, and Alphabet (Google), sometimes known as the FANG group of stocks.
Year-to-date, Facebook is up 35 percent, Amazon 116 percent, Netflix 157 percent, and Google's Alphabet has jumped 43 percent. This means that the FANG group has been carrying the Standard & Poor's 500-stock index for much of the year, with the S&P 500 Equal Weight Index, which strips out the effect of large market capitalizations, in negative territory for the year.