Are the FANG Stocks Dead?

Have the FANG stocks lost their bite? $FB $AMZN $NFLX $GOOGL

My thought? No.  The market is selling off and those stocks that had the biggest gains are seeing the biggest pullbacks.  I view all of these stocks as generational game changers.  They have changed the way we live our lives.

Facebook is how we keep in touch with each other.  It has replaced emails and chat.  It has replaced late night phone calls.  We share our lives with each other on Facebook (and the other companies owned by the social media giant).  I view $FB as a stock that 10 years from now, many people will have wished they bought and held the stock.

Amazon has replaced the mall.  In some cases, it has replaced the grocery store and corner drugstore.  It’s where we buy stuff.  Remember when you had to wait 6-8 weeks ordering merchandise from a mail order catalog?  2 days.  Anything you want.  Same day in some areas. Oh, and they do other things, too.  The stock has already soared. 

Netflix and chill!  Cord cutting is for realz.  Does anyone have the patience to watch a weekly episodic TV show anymore now that Netflix has introduced us to the wonders of binge watching?  My greatest fear with the stock is competition.  It’s still coming and growing.  But $NFLX is the king of streaming.  And they put out some great shows!  Anyone else watch Black Mirror or binging Luke Cage?

The Google!  This company is going strong with search and video.  The search page is hit multiple times a day for most of us, and has settled many a game-day argument amongst buddies.  “Name all the undefeated NCAA college football teams?”  Anyone else wasted an evening going from YouTube video to YouTube video, watching crazy dog vs. cat videos or a news clip on a current event?

Game changers.  These stocks are how we spend our time.  Advertisers want to spend money where we spend our time.

Of these stocks, I believe $FB will be the strongest grower over the next 10 years.  This doesn’t mean any of these stocks will go straight up for the next 10 years.  All stocks are subject to moves by the Federal Reserve on interest rates, recessions, mergers/acquisitions, competition, and random acts of God.