Remember the FAANGs?
I will admit it had a nice ring to it! But as an investment theme, it never made a lot of sense. The letters stood for:
- Facebook Inc. (now Meta Platforms Inc.) (Nasdaq: FB).
- Apple Inc. (Nasdaq: AAPL).
- Amazon.com Inc. (Nasdaq: AMZN).
- Netflix Inc. (Nasdaq: NFLX)
- Google (now Alphabet Inc.) (Nasdaq: GOOGL).
A cool acronym is not a substitute for an investing system. It’s lazy thinking and it’s not likely to deliver the returns you want over time.
The acronym is dead, and the FAANGs as a “theme” are dead — as they should be. This was always an investment story based more on marketing appeal than on any fundamental mega trend.
The post DeFAANGed: Why We Can’t Trade on Acronyms originally appeared at Money & Markets.