Market Overview

Jim Cramer And Bob Lang's 2013 FANG Call Was A Home Run

Jim Cramer And Bob Lang's 2013 FANG Call Was A Home Run

Despite a late-week market selloff, three of the four “FANG” stocks hit new all-time highs this week., Inc. (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB) and Netflix, Inc. (NASDAQ: NFLX) all set new all-time intraday highs on Tuesday morning, and Google parent Alphabet Inc (NASDAQ: GOOGL) came within about $1 of doing the same.

Collectively, the four stocks have been referred to as “FANG” stocks ever since CNBC analyst Jim Cramer and analyst Bob Lang used the term on an episode of Mad Money back on February 5, 2013.

“Put money to work in the companies that represent the future,” Cramer said at the time. “Put money to work in companies that are totally dominant in their markets, and put money to work in stocks that have serious momentum.”

Related Link: Jim Cramer Shares His Thoughts On McEwen Mining, Chipotle And Allegheny

Cramer and Lang identified Facebook, Amazon, Netflix and Google as the four companies that exemplified this investment philosophy at the time, and there call ended up being on-target.

Since the day the show aired, the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 55.2 percent. Here’s a look at how each of the FANG stocks has performed in that same four-year stretch:

  • Facebook: +391.0 percent
  • Amazon: +218.2 percent
  • Netflix: +471.2 percent
  • Google: +119.4 percent

Cramer critics often point out the popular analyst’s missed calls throughout the years, but when it comes to the FANG trade, Cramer was spot-on. The stocks have generated an average return of 299.9 percent in the past four years.

Image Credit: By Tulane Public Relations (Mad Money Uploaded by AlbertHerring) [CC BY 2.0], via Wikimedia Commons

Posted-In: Bob Lang CNBC FANG Mad MoneyEducation Tech Media General Best of Benzinga


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