Four major technology stocks in the United States FANG quartet or disintegration
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Promoting the "FANG", the four-highest technology stock in the Wall Street stock index in recent years, the unanimous quartet may be disintegrating and may undermine one of the best growth stories in this nine-year bull market.
Facebook (FB.O) and Google's parent company (GOOGL.O) fell this week, while the S&P 500.SPX fell back to its lowest level in February when the index fell within 10 days after hitting a record high in January. More than 10%.
Netflix (NFLX.O) and Amazon.com (AMZN.O), which together form the so-called "FANG" technology stock with Facebook and Alphabet, fell 4.0% this week, a decrease of less than the S&P 500. 6.0% of the index.
However, concerns about the possible tightening of regulatory oversight of privacy issues by the U.S. and European governments have prompted investors to assess whether they would be forced to make choices between these technology companies that lead the new economy.
“The large consumer-oriented technology companies have been the leaders of the stock market for many years. This may be the beginning of the end of this leadership. However, the long-term theme of the growth of technology stocks is far from over,” said Tim Tim, executive vice president of Guild Investment Management. Shirata wrote in a report this week.
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