Taking Stock 

FAANGs for the memory

Mark Robinson

FAANGs for the memory

Recently in these pages, Megan Boxall highlighted a peculiar tendency among momentum investors to treat the so-called FAANGs (Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google’s parent company, Alphabet (GOOGL)) as if they were a unified entity. Such a blanket treatment, assuming that’s indeed the case, obviously disregards any variance in earnings growth, let alone the intrinsic differences in the markets these tech heavyweights are serving.

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