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FANG was originally a Jim Cramer thing [0, 1] about very high-growth tech stocks that somehow evolved into being about the big, high paying tech companies. The
by fotta 6y ago
FANG was originally a Jim Cramer thing [0, 1] about very high-growth tech stocks that somehow evolved into being about the big, high paying tech companies. The original didn't even have Apple but people started using FAANG to include it.
[0] https://www.cnbc.com/id/100436754 https://www.cnbc.com/id/100436754
[1] https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp
- woobar 6y agoFun fact: if you have listened to Cramer and invested $10K in each of these stocks on 02/06/2013 you would be at $441K right now (+1011%)