FANG stocks have lost their characteristic mojo, but investors are sticking with them
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The FANG block of tech giants — Facebook, Amazon, Netflix and Google’s parent Alphabet — are mostly in the red for the trailing 12 months despite their strong year-to-date comeback.
The backdrop for big tech is turning unfavorable from the government crackdown to the U.S.-China trade war to a global economic slowdown.
“The question is how much we are transitioning from a Wild West environment for big tech to something that’s more regulated and governed,” says Jeff DeGraaf, founder and chairman of Renaissance Macro Research.
https://www.cnbc.com/2019/07/19/fang...with-them.html