Have the FAANGs become toothless?

Lost over $2.3trn this year

Elliot Gulliver-Needham
clock • 4 min read

The ‘FAANGs’ acronym for Facebook, Amazon, Apple, Netflix and Google was popularised in 2013 by CNBC’s Jim Cramer, who praised them for being “totally dominant in their markets”. But have they since lost their bite?

The five firms are renowned for being not just some of the biggest stocks in the S&P 500 but in the entire global market. Regarded as titans of their industry, all of them have enjoyed at least 300% increases in stock price over the past ten years, with the best performing, Netflix, seeing a staggering 2476% return since 2012, according to data from Morningstar. Will Rhind, founder and CEO of GraniteShares, described the FAANGs as having "quasi-monopoly positions" and had all significantly outperformed the S&P 500 in the last decade. Rhind said the US market has "been one of the be...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on US

What is next for the US after Donald Trump's re-election?
US

What is next for the US after Donald Trump's re-election?

Round-up of Trump's policies

Sorin-Andrei Dojan
clock 13 November 2024 • 1 min read
US inflation rises to 2.6% in October as core measure remains firm
US

US inflation rises to 2.6% in October as core measure remains firm

Matching economist expectations

Valeria Martinez
clock 13 November 2024 • 1 min read
Federal Reserve cuts rates by 25bps amid persistent economic growth
US

Federal Reserve cuts rates by 25bps amid persistent economic growth

November FOMC meeting

Sorin-Andrei Dojan
clock 08 November 2024 • 2 min read
Trustpilot