July 29, 2018 | FAANG Stocks Finally Lose Their Cool

The aging bull market has grown much more difficult to handicap now that the FAANG stocks have lost their cool. Two of them, NFLX and FB, got slammed last week on news suggesting that subscriber growth was weakening. Then, on Friday, AMZN reversed a rally sharply, unable to hold gains following an upbeat earnings report the day before. What’s a portfolio manager to do when he or she can no longer throw money at a bare handful of stocks in order to make a pile of money? We may be about to find out, since betting everything on the FAANGs and letting it ride no longer seems to be a sure thing.
STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.
Rick Ackerman July 29th, 2018
Posted In: Rick's Picks