FANG's Reversal Of Fortune Getting All The Social Buzz
The acronym was created by Jim Cramer a few years ago, and has been all the buzz among stock traders for the past week.
The new year started with this observation:
In other words, those 4 stocks were the only thing that saved the S&P 500 from a completely disastrous year.
But then 2016 came…
FANG Off To Awful Start In 2016
Last year's smart money is already this year's idiot, as evidenced in a plethora of tweets mocking and lamenting the terrible start to 2016 for the four powerful stocks:
And Keith McCullough makes an interesting observation regarding how difficult it can be for "me-too" money managers to recover from a start this poor…
But one day does not a trend make. In fact, there is reason to believe that these stocks are merely seeing profit-taking from last year's impressive rally today so that the capital gains taxes on those profits won't come due until April of 2017.
Well, that and a massive global selloff that has the Dow down nearly 400 points.
We'll be watching FANG closely in 2016. both from an investor perspective, and more importantly, a consumer perspective.
– LikeFolio provides institutional research on companies based on purchase intent and sentiment data gathered from consumers on social media.
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