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FANG's Reversal Of Fortune Getting All The Social Buzz

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FANG's Reversal Of Fortune Getting All The Social Buzz
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FANG = Facebook Inc (NASDAQ: FB) , Amazon.com, Inc. (NASDAQ: AMZN) , Netflix, Inc. (NASDAQ: NFLX) , Google aka Alphabet Inc (NASDAQ: GOOGL

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.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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