FANG Stocks Alive And Well And New Highs

Many have been calling for the death of FANG Stocks. As you know we've been bulls. Amazon and Netflix are hitting new highs taking our FANG Stock Index to new all-time highs. Facebook is threatening to hit new highs and we think Google's not far behind.

What's your guess what this means for the rest of tech? We think it's good. If the leaders are leading us to new highs the followers can follow.Let's review.

FANG Stocks Dead?

Here's some headlines we saw out there.
"Trade Dead"
"Dead Trade"
"Cloud Kings are better than FANG stocks."

Jim Cramer crowned the name FANG and seemed to be giving up hope.

Not Dead

We've been expecting new highs for FANG stocks (here here here, and more). And we got em (Chart above).

Earnings Driven New Highs

What we love about these new highs are that they are earnings driven. NetflixAmazon and Facebook were up big after they reported earnings thanks to accelerating numbers. That means institutional investors saw the fundamentals as that much better.Google was the only stock that traded down but made up its losses in twelve trading days.

We have 85% 12 month upside left for Netflix, 50% upside for Amazon, 66% upside for Google and way too much upside for Facebook .

Conclusion

If the tech leading FANG stocks are taking us to new highs what happens to the followers? We think our FANG Stock Index hitting new highs again means the markets and the rest of tech are not far behind.

Disclaimer: Stocks reported by Elazar Advisors, LLC are guided by our daily, weekly and monthly methodologies. We have a daily overlay which changes more frequently which is reported to our premium ...

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Comments

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Carol Klein 1 year ago Member's comment

I'm still surprised $FB had no real damage from their privacy violations. But I suppose we have so little privacy anymore, people don't expect much. That and where else will they go?