It’s Not Just The FAANGs Rising In This Record Bull MarketRupert Hargreaves
Last year, Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Netflix (NASDAQ:NFLX), and Google (owned by parent company Alphabet), collectively known as the FAANGs, smashed the S&P 500 in performance terms.
Indeed, according to figures from Goldman Sachs, for 2017 the S&P 500 returned 21.8% while the FAANGs gained 46.5% and the FAAMG's (including Microsoft) gained 45%. The tech sector as a whole added 38.8%.
These . . .
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