FANG Stocks Are Back in Vogue as Apple Gets Left Out of Rally
- Netflix leading the pack with 50% gain since Dec. 24
- Citi, Canaccord bullish on the four-member tech group
This article is for subscribers only.
Remember the FANG trade? It’s back, thanks to a rally that’s excluded Apple Inc.
A slump in the shares of the iPhone maker that erased $380 billion in market value has helped revive interest in the the original gang of Facebook Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc., which have gained anywhere from 10.7 percent to 50 percent since Christmas Eve. All except Google have outperformed the S&P 500’s 11.3 percent advance. Apple has lagged behind, with a gain of just 5.5 percent over the period.