FANG is ‘dead money’—with one exception, technical analyst says
Tech titans or falling knives? FANG — Wall Street’s widely used acronym for Facebook, Amazon, Netflix and Google parent Alphabet — has lost nearly half a trillion dollars in market value since each stock’s 52-week high. Alphabet has been the biggest loser, shedding $173 billion since April. As regulators set their sights on big tech, the future of FANG is being called into question. TradingAnalysis.com founder Todd Gordon on Thursday called the group “dead money.” Citing a chart of the NYSE FANG+ Index, which tracks the four FANG stocks along with other major tech players like Apple, Nvidia and Tesla,
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